Vulcan Energy Correlations

VUL Stock

3.22 0.23 6.67%

The current 90-days correlation between Vulcan Energy Resources and Japan Asia Investment is 0.22 (i.e., Modest diversification). The correlation of Vulcan 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vulcan Energy Correlation With Market

Good diversification

The correlation between Vulcan Energy Resources and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vulcan Energy Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vulcan 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 Vulcan 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 Vulcan 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 Vulcan Energy Resources to buy it.

Moving together with Vulcan Stock

0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.68	APC	Apple Inc	Pair Corr
0.66	APC	Apple Inc	Pair Corr
0.83	RS6	RELIANCE STEEL AL	Pair Corr
0.73	WX7	Corporate Office Pro	Pair Corr
0.74	0XHR	Xenia Hotels Resorts	Pair Corr
0.77	2CDA	Controladora Vuela Compaa	Pair Corr
0.9	EN3	Enbridge	Pair Corr
0.89	WD5A	TRAVEL LEISURE DL	Pair Corr
0.74	2T9A	TRAINLINE PLC LS	Pair Corr
0.61	MSF	Microsoft	Pair Corr
0.89	FFH	Fifth Third Bancorp	Pair Corr
0.88	LIE	Sun Life Financial	Pair Corr
0.67	AZ5	AutoZone	Pair Corr

Moving against Vulcan Stock

0.68	SSU	Samsung Electronics	Pair Corr
0.67	SSU	Samsung Electronics	Pair Corr
0.58	PTI	Perusahaan Perseroan	Pair Corr
0.58	TCID	Telkom Indonesia Tbk	Pair Corr
0.56	SSUN	Samsung Electronics	Pair Corr
0.55	SSUN	Samsung Electronics	Pair Corr
0.55	TCID	Telkom Indonesia Tbk	Pair Corr
0.51	TCID	Telkom Indonesia Tbk	Pair Corr
0.75	TCID	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	JAN	KY1	14N1	XS4	VIP	E1V	ELG
JAN		0.02	0.4	0.2	0.35	0.01	-0.08	JAN
KY1	0.02		-0.66	-0.12	-0.84	0.88	0.13	KY1
14N1	0.4	-0.66		0.07	0.8	-0.45	0.22	14N1
XS4	0.2	-0.12	0.07		0.12	-0.18	-0.39	XS4
VIP	0.35	-0.84	0.8	0.12		-0.77	-0.04	VIP
E1V	0.01	0.88	-0.45	-0.18	-0.77		0.3	E1V
ELG	-0.08	0.13	0.22	-0.39	-0.04	0.3		ELG
	JAN	KY1	14N1	XS4	VIP	E1V	ELG

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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

E1V	+ 0.88	KY1
VIP	+ 0.8	14N1
14N1	+ 0.4	JAN
VIP	+ 0.35	JAN
ELG	+ 0.3	E1V
ELG	+ 0.22	14N1

High negative correlations

VIP	- 0.84	KY1
E1V	- 0.77	VIP
14N1	- 0.66	KY1
E1V	- 0.45	14N1
ELG	- 0.39	XS4
E1V	- 0.18	XS4

Risk-Adjusted Indicators

There is a big difference between Vulcan Stock performing well and Vulcan 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 Vulcan 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
JAN	1.02	(0.09)	0.00	(0.19)	0.00	0.00	1.64	(2.29)	6.92
KY1	1.26	(0.27)	0.00	(0.83)	0.00	0.00	2.08	(2.92)	7.85
14N1	0.80	0.01	0.00	0.06	1.05	(0.94)	2.08	(1.63)	4.48
XS4	1.71	(0.04)	0.00	1.31	0.00	0.00	3.39	(3.71)	13.19
VIP	1.57	0.15	0.10	0.11	1.50	(2.19)	4.50	(2.70)	13.74
E1V	1.49	(0.21)	0.00	(1.25)	0.00	0.00	3.25	(3.42)	12.51
ELG	2.15	0.01	(0.01)	(0.31)	2.49	(2.64)	5.31	(4.68)	20.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vulcan 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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