New Frontier Correlations

NFEI Stock

USD 0.01 0.00 0.00%

The current 90-days correlation between New Frontier Energy and Barrel Energy is 0.28 (i.e., Modest diversification). The correlation of New Frontier 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.

New Frontier Correlation With Market

Good diversification

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

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

Moving together with New Pink Sheet

0.65	COP	ConocoPhillips	Pair Corr
0.74	CNQ	Canadian Natural Res Earnings Call This Week	Pair Corr
0.87	EOG	EOG Resources	Pair Corr
0.79	WOPEF	Woodside Petroleum	Pair Corr
0.88	HES	Hess Earnings Call This Week	Pair Corr
0.75	OXY	Occidental Petroleum Aggressive Push	Pair Corr
0.78	AMZN	Amazon Inc Earnings Call This Week	Pair Corr
0.74	HNHPF	Hon Hai Precision	Pair Corr
0.74	DPSTF	Deutsche Post AG	Pair Corr
0.74	LTRY	Lottery, Common Stock	Pair Corr
0.81	CSCO	Cisco Systems	Pair Corr
0.68	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.77	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.69	INTC	Intel Earnings Call Tomorrow	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.87	IBM	International Business	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.82	JPM	JPMorgan Chase	Pair Corr
0.79	XOM	Exxon Mobil Corp	Pair Corr

Moving against New Pink Sheet

0.37	ACN	Accenture plc	Pair Corr
0.61	PG	Procter Gamble Earnings Call This Week	Pair Corr
0.5	VZ	Verizon Communications Aggressive Push	Pair Corr
0.46	KO	Coca Cola	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	BRLL	GPOR	MGY	VTLE	GPRK	CRC	EPSN	CNX	MTDR	MUR
BRLL		0.4	0.51	0.34	0.32	0.64	0.42	0.39	0.53	0.39	BRLL
GPOR	0.4		0.6	0.45	0.37	0.58	0.52	0.65	0.44	0.28	GPOR
MGY	0.51	0.6		0.89	0.79	0.9	0.61	0.77	0.93	0.9	MGY
VTLE	0.34	0.45	0.89		0.89	0.68	0.74	0.57	0.8	0.82	VTLE
GPRK	0.32	0.37	0.79	0.89		0.6	0.72	0.43	0.71	0.75	GPRK
CRC	0.64	0.58	0.9	0.68	0.6		0.43	0.82	0.93	0.84	CRC
EPSN	0.42	0.52	0.61	0.74	0.72	0.43		0.31	0.48	0.42	EPSN
CNX	0.39	0.65	0.77	0.57	0.43	0.82	0.31		0.81	0.73	CNX
MTDR	0.53	0.44	0.93	0.8	0.71	0.93	0.48	0.81		0.96	MTDR
MUR	0.39	0.28	0.9	0.82	0.75	0.84	0.42	0.73	0.96		MUR
	BRLL	GPOR	MGY	VTLE	GPRK	CRC	EPSN	CNX	MTDR	MUR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between New Pink Sheet performing well and New Frontier 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 New Frontier'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
BRLL	7.38	0.99	0.07	(2.26)	8.01	(10.30)	15.38	(13.89)	48.31
GPOR	1.66	0.11	(0.05)	(0.08)	2.57	(1.66)	3.21	(4.09)	9.08
MGY	1.67	0.23	0.01	(0.71)	1.64	(2.03)	3.19	(3.56)	8.87
VTLE	3.69	0.56	0.06	(0.49)	4.15	(4.11)	7.48	(7.52)	22.28
GPRK	2.52	0.24	(0.01)	(0.26)	2.55	(2.92)	5.06	(4.49)	13.48
CRC	1.70	0.61	0.20	(1.46)	1.54	(2.08)	4.42	(3.02)	11.35
EPSN	1.99	(0.03)	(0.06)	0.06	2.56	(1.96)	3.26	(4.23)	12.95
CNX	1.44	0.10	(0.03)	(0.71)	2.29	(1.31)	2.47	(4.42)	9.94
MTDR	1.95	0.49	0.12	(0.82)	1.75	(2.41)	4.54	(3.47)	11.06
MUR	2.16	0.39	0.07	(0.99)	2.14	(2.49)	4.46	(3.75)	12.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in New Frontier 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.

Did you try this?

Run Price Ceiling Movement Now

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC