Inpex Correlations

IPXHF Stock

USD 13.50 0.37 2.67%

The current 90-days correlation between Inpex and Arqit Quantum Warrants is 0.05 (i.e., Significant diversification). The correlation of Inpex 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.

Inpex Correlation With Market

Significant diversification

The correlation between Inpex and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inpex and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Inpex Pink Sheet

0.75	NVDA	NVIDIA	Pair Corr
0.79	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.74	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.63	GOOG	Alphabet Class C Earnings Call Today	Pair Corr
0.76	META	Meta Platforms Earnings Call This Week	Pair Corr
0.72	AVGO	Broadcom	Pair Corr
0.67	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.62	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.7	XOM	Exxon Mobil Corp	Pair Corr
0.66	GE	GE Aerospace	Pair Corr
0.73	BAC	Bank of America Aggressive Push	Pair Corr
0.61	AA	Alcoa Corp	Pair Corr
0.7	PFE	Pfizer Inc	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.75	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.8	CVX	Chevron Corp	Pair Corr
0.7	DIS	Walt Disney	Pair Corr

Moving against Inpex Pink Sheet

0.68	MCD	McDonalds	Pair Corr
0.56	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	ARQQW	BKKT-WT	EVGOW	RGTIW	LTRY	GITS	FVR	07274NBG7	CAT	PFE
ARQQW		-0.34	0.53	-0.3	-0.5	-0.53	-0.53	0.24	-0.68	-0.67	ARQQW
BKKT-WT	-0.34		0.05	0.61	0.47	0.59	-0.15	-0.16	0.62	0.58	BKKT-WT
EVGOW	0.53	0.05		0.1	-0.02	-0.3	-0.73	-0.16	-0.08	-0.25	EVGOW
RGTIW	-0.3	0.61	0.1		0.33	0.55	-0.07	-0.28	0.8	0.6	RGTIW
LTRY	-0.5	0.47	-0.02	0.33		0.32	-0.1	0.11	0.53	0.54	LTRY
GITS	-0.53	0.59	-0.3	0.55	0.32		0.25	-0.14	0.7	0.63	GITS
FVR	-0.53	-0.15	-0.73	-0.07	-0.1	0.25		0.02	0.08	0.16	FVR
07274NBG7	0.24	-0.16	-0.16	-0.28	0.11	-0.14	0.02		-0.4	-0.33	07274NBG7
CAT	-0.68	0.62	-0.08	0.8	0.53	0.7	0.08	-0.4		0.85	CAT
PFE	-0.67	0.58	-0.25	0.6	0.54	0.63	0.16	-0.33	0.85		PFE
	ARQQW	BKKT-WT	EVGOW	RGTIW	LTRY	GITS	FVR	07274NBG7	CAT	PFE

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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

PFE	+ 0.85	CAT
CAT	+ 0.8	RGTIW
CAT	+ 0.7	GITS
PFE	+ 0.63	GITS
CAT	+ 0.62	BKKT-WT
RGTIW	+ 0.61	BKKT-WT

High negative correlations

FVR	- 0.73	EVGOW
CAT	- 0.68	ARQQW
PFE	- 0.67	ARQQW
FVR	- 0.53	ARQQW
GITS	- 0.53	ARQQW
LTRY	- 0.5	ARQQW

Risk-Adjusted Indicators

There is a big difference between Inpex Pink Sheet performing well and Inpex 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 Inpex'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
ARQQW	8.25	0.27	0.03	0.31	12.03	(10.68)	10.70	(11.62)	148.80
BKKT-WT	6.76	0.93	0.09	1.27	6.59	(10.78)	23.53	(11.76)	48.72
EVGOW	5.16	0.54	0.05	5.35	5.10	(9.53)	10.53	(10.34)	67.09
RGTIW	6.60	0.99	0.23	0.45	5.61	(8.47)	18.78	(11.11)	48.96
LTRY	7.41	1.77	0.22	(0.82)	5.16	(11.64)	13.64	(7.98)	146.03
GITS	10.49	2.98	0.42	2.03	6.00	(15.61)	14.06	(12.40)	172.93
FVR	1.84	(0.05)	(0.03)	0.11	2.39	(1.88)	3.41	(3.67)	12.21
07274NBG7	1.06	(0.08)	0.00	(1.41)	0.00	0.00	1.93	(2.45)	6.69
CAT	1.12	0.54	0.36	(3.87)	0.48	(1.45)	2.92	(1.32)	7.20
PFE	1.20	0.07	0.04	0.25	1.27	(1.40)	3.18	(2.04)	7.35

Be your own money manager

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

Kimihisa Kittaka	VP of Corporate Strategy and Planning Division, General Manager of Corporate Strategy and Planning Unit, General Manager of Corporate Communication Unit and Executive Officer	Profile
Nobusuke Shimada	Executive Officer, General Manager of Area Business Unit	Profile
Nobuharu Sase	Executive Officer, General Manager of Crude Oil Sales Unit	Profile
Daisuke Yamada	Sr Officer	Profile

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