Ivanhoe Energy Correlations

IE Stock   14.27  0.44  2.99%   
The current 90-days correlation between Ivanhoe Energy and Questerre Energy is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ivanhoe Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ivanhoe Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ivanhoe Energy Correlation With Market

Modest diversification

The correlation between Ivanhoe Energy and NYA is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivanhoe Energy and NYA in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ivanhoe 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 Ivanhoe 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 Ivanhoe 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 Ivanhoe Energy to buy it.

Moving together with Ivanhoe Stock

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Moving against Ivanhoe Stock

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Related Correlations Analysis

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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   
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ELRQEC
  
High negative correlations   
IVNQEC

Risk-Adjusted Indicators

There is a big difference between Ivanhoe Stock performing well and Ivanhoe 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 Ivanhoe 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.

Be your own money manager

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

Elected by the shareholders, the Ivanhoe Energy's board of directors comprises two types of representatives: Ivanhoe Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ivanhoe. The board's role is to monitor Ivanhoe Energy's management team and ensure that shareholders' interests are well served. Ivanhoe Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ivanhoe Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
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