Total Energy Correlations

TOTZF Stock

USD 8.39 0.07 0.84%

The current 90-days correlation between Total Energy Services and Source Energy Services is 0.09 (i.e., Significant diversification). The correlation of Total Energy 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.

Total Energy Correlation With Market

Average diversification

The correlation between Total Energy Services and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Total Energy Services and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Total Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Total Energy 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 Total Energy - 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 Total Energy Services to buy it.

Moving together with Total Pink Sheet

0.89	BAC	Bank of America Aggressive Push	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.61	HD	Home Depot	Pair Corr
0.84	WMT	Walmart Aggressive Push	Pair Corr
0.73	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.92	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.93	DIS	Walt Disney Sell-off Trend	Pair Corr

Moving against Total Pink Sheet

0.79	KO	Coca Cola Aggressive Push	Pair Corr
0.77	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.6	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.53	EPGG	Empire Global Gaming	Pair Corr
0.49	IMHC	Imperalis Holding Corp	Pair Corr
0.42	GBHPF	Global Hemp Group	Pair Corr
0.34	TPDDF	Talon Energy	Pair Corr

Related Correlations Analysis

	SCEYF	EEYUF	TOLWF	SNVVF	KLNG	TRRVF	ETOLF	HGHAF
SCEYF		0.56	0.03	0.81	0.57	0.89	0.01	-0.08	SCEYF
EEYUF	0.56		-0.36	0.46	0.78	0.6	0.59	-0.26	EEYUF
TOLWF	0.03	-0.36		0.16	-0.29	-0.11	-0.32	0.51	TOLWF
SNVVF	0.81	0.46	0.16		0.32	0.82	-0.14	-0.03	SNVVF
KLNG	0.57	0.78	-0.29	0.32		0.5	0.67	-0.2	KLNG
TRRVF	0.89	0.6	-0.11	0.82	0.5		0.0	-0.16	TRRVF
ETOLF	0.01	0.59	-0.32	-0.14	0.67	0.0		-0.38	ETOLF
HGHAF	-0.08	-0.26	0.51	-0.03	-0.2	-0.16	-0.38		HGHAF
	SCEYF	EEYUF	TOLWF	SNVVF	KLNG	TRRVF	ETOLF	HGHAF

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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

TRRVF	+ 0.89	SCEYF
TRRVF	+ 0.82	SNVVF
SNVVF	+ 0.81	SCEYF
KLNG	+ 0.78	EEYUF
ETOLF	+ 0.67	KLNG
TRRVF	+ 0.6	EEYUF

High negative correlations

HGHAF	- 0.38	ETOLF
TOLWF	- 0.36	EEYUF
ETOLF	- 0.32	TOLWF
KLNG	- 0.29	TOLWF
HGHAF	- 0.26	EEYUF
HGHAF	- 0.2	KLNG

Risk-Adjusted Indicators

There is a big difference between Total Pink Sheet performing well and Total Energy 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 Total Energy'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
SCEYF	1.52	0.46	0.00	0.47	0.00	0.00	6.44	0.00	21.80
EEYUF	1.25	0.22	0.03	1.22	1.23	(4.83)	3.85	(3.70)	12.18
TOLWF	1.62	(0.09)	0.00	(6.48)	0.00	0.00	3.48	(3.92)	9.32
SNVVF	1.47	0.20	0.04	0.36	1.60	(6.36)	1.39	(2.82)	44.50
KLNG	4.04	0.56	0.11	0.60	4.70	(4.52)	10.34	(8.12)	24.04
TRRVF	1.37	0.18	0.02	1.01	2.02	(1.94)	3.84	(3.84)	13.60
ETOLF	3.44	0.49	0.10	0.52	4.16	(4.31)	9.55	(5.00)	29.47
HGHAF	1.60	(0.25)	0.00	0.43	0.00	0.00	3.53	(4.76)	14.76

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Our tools can tell you how much better you can do entering a position in Total Energy 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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Total Energy Corporate Management

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