Peyto ExplorationDevel Correlations

PEYUF Stock

USD 11.83 0.06 0.50%

The current 90-days correlation between Peyto ExplorationDevel and National Fuel Gas is 0.31 (i.e., Weak diversification). The correlation of Peyto ExplorationDevel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Peyto ExplorationDevel Correlation With Market

Average diversification

The correlation between Peyto ExplorationDevelopment C and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peyto ExplorationDevelopment C and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Peyto ExplorationDevel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peyto ExplorationDevel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Peyto ExplorationDevel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Peyto ExplorationDevelopment Corp to buy it.

Moving together with Peyto Pink Sheet

0.63	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.62	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.69	WMT	Walmart Aggressive Push	Pair Corr
0.74	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.74	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.74	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Peyto Pink Sheet

0.71	BKRKF	PT Bank Rakyat	Pair Corr
0.62	PPERF	Bank Mandiri Persero	Pair Corr
0.57	BKRKY	Bank Rakyat	Pair Corr
0.55	PPERY	Bank Mandiri Persero	Pair Corr
0.52	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.49	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.48	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.44	KO	Coca Cola Aggressive Push	Pair Corr
0.43	PTBRY	Bank Negara Indonesia	Pair Corr
0.39	PBCRF	PT Bank Central	Pair Corr
0.37	PBCRY	Bank Central Asia	Pair Corr
0.33	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	PBR	EQNR	E	YPF	EC	BP	SHEL	TTE	NFG	TGS
PBR		0.8	0.45	-0.24	0.85	0.75	0.5	0.53	-0.28	-0.32	PBR
EQNR	0.8		0.59	-0.31	0.8	0.77	0.53	0.59	-0.17	-0.37	EQNR
E	0.45	0.59		-0.77	0.66	0.86	0.82	0.91	-0.52	-0.79	E
YPF	-0.24	-0.31	-0.77		-0.55	-0.66	-0.44	-0.88	0.68	0.97	YPF
EC	0.85	0.8	0.66	-0.55		0.9	0.64	0.76	-0.52	-0.6	EC
BP	0.75	0.77	0.86	-0.66	0.9		0.78	0.88	-0.46	-0.72	BP
SHEL	0.5	0.53	0.82	-0.44	0.64	0.78		0.67	-0.48	-0.49	SHEL
TTE	0.53	0.59	0.91	-0.88	0.76	0.88	0.67		-0.62	-0.87	TTE
NFG	-0.28	-0.17	-0.52	0.68	-0.52	-0.46	-0.48	-0.62		0.64	NFG
TGS	-0.32	-0.37	-0.79	0.97	-0.6	-0.72	-0.49	-0.87	0.64		TGS
	PBR	EQNR	E	YPF	EC	BP	SHEL	TTE	NFG	TGS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

TGS	+ 0.97	YPF
TTE	+ 0.91	E
BP	+ 0.9	EC
TTE	+ 0.88	BP
BP	+ 0.86	E
EC	+ 0.85	PBR

High negative correlations

TTE	- 0.88	YPF
TGS	- 0.87	TTE
TGS	- 0.79	E
YPF	- 0.77	E
TGS	- 0.72	BP
BP	- 0.66	YPF

Risk-Adjusted Indicators

There is a big difference between Peyto Pink Sheet performing well and Peyto ExplorationDevel Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Peyto ExplorationDevel's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PBR	1.18	(0.18)	0.00	(0.39)	0.00	0.00	1.92	(2.53)	7.41
EQNR	1.54	(0.11)	0.00	0.89	0.00	0.00	3.30	(4.50)	8.46
E	0.97	(0.18)	0.00	(2.95)	0.00	0.00	1.51	(2.34)	4.90
YPF	2.12	0.85	0.50	1.12	1.09	(2.83)	5.61	(2.51)	10.08
EC	1.37	(0.37)	0.00	(1.21)	0.00	0.00	2.46	(3.86)	8.46
BP	1.19	(0.26)	0.00	(0.48)	0.00	0.00	1.68	(3.34)	7.70
SHEL	0.97	(0.17)	0.00	(0.69)	0.00	0.00	1.42	(2.79)	5.88
TTE	1.03	(0.27)	0.00	(1.94)	0.00	0.00	1.62	(2.57)	7.40
NFG	1.02	0.06	0.01	0.23	1.22	(1.13)	2.82	(1.75)	8.65
TGS	2.22	0.73	0.25	3.39	1.94	(2.48)	6.42	(3.08)	12.65

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Our tools can tell you how much better you can do entering a position in Peyto ExplorationDevel without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Peyto ExplorationDevel Corporate Management

David Thomas	VP of Exploration	Profile
Lydia Hamaliuk	Ma HR	Profile
Kathy CA	CFO Fin	Profile
Scott PEng	VP Devel	Profile

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