Pembina Pipeline Correlations

Pink Sheets . USA . 
Stock . Pembina Pipeline
PBNAF Stock  USD 17.61  0.14  0.79%   
The current 90-days correlation between Pembina Pipeline and Gamehost is -0.09 (i.e., Good diversification). The correlation of Pembina Pipeline 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.

Pembina Pipeline Correlation With Market

Good diversification

The correlation between Pembina Pipeline and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pembina Pipeline and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pembina Pipeline could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pembina Pipeline 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 Pembina Pipeline - 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 Pembina Pipeline to buy it.

Moving together with Pembina Pink Sheet

  0.91EBBNF EnbridgePairCorr
  0.96TRP-PB TC Energy CorpPairCorr
  0.96TRP-PC TC Energy CorpPairCorr
  0.74MUFG Mitsubishi UFJ FinancialPairCorr
  0.72SMFG Sumitomo Mitsui FinancialPairCorr
  0.62SMFNF Sumitomo Mitsui FinancialPairCorr
  0.97KB KB Financial Group Earnings Call TomorrowPairCorr
  0.84MFG Mizuho FinancialPairCorr
  0.95SHG Shinhan Financial Earnings Call This WeekPairCorr
  0.93MSFT MicrosoftPairCorr
  0.82RKDA Arcadia BiosciencesPairCorr
  0.87YLLXF Yellow Cake plcPairCorr
  0.82OZK Bank OzkPairCorr
  0.72BFST Business First BancsharesPairCorr
  0.68NXTT Next Technology HoldingPairCorr
  0.73USB-PP US BancorpPairCorr
  0.87BLAGF Blue Lagoon ResourcesPairCorr
  0.95AMSC American SuperconductorPairCorr
  0.84CHEOY CochLear ADRPairCorr
  0.77IGI Western Asset InvestmentPairCorr
  0.9BLK BlackRockPairCorr
  0.68TORO ToroPairCorr
  0.7UI Ubiquiti Networks Tech BoostPairCorr
  0.89VMI Valmont Industries Earnings Call This WeekPairCorr
  0.69PCCWY PCCW Limited Earnings Call This WeekPairCorr

Moving against Pembina Pink Sheet

  0.43OKE ONEOK IncPairCorr
  0.38TRP TC Energy CorpPairCorr
  0.5992346MCY5 US92346MCY57PairCorr
  0.61582839AG1 MEAD JOHNSON NUTRITIONPairCorr

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   
RBLX
+ 0.92
GHIFF
RBLX
+ 0.76
AVDL
AVDL
+ 0.66
GHIFF
AVDL
+ 0.65
BRAG
RBLX
+ 0.61
BRAG
BRAG
+ 0.56
GHIFF
  
High negative correlations   
NCTY
- 0.69
RBLX
NCTY
- 0.61
GHIFF
NCTY
- 0.3
AVDL
ATEC
- 0.26
GHIFF
RBLX
- 0.17
ATEC
NCTY
- 0.07
BRAG

Risk-Adjusted Indicators

There is a big difference between Pembina Pink Sheet performing well and Pembina Pipeline 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 Pembina Pipeline'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 Pembina Pipeline 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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Pembina Pipeline Corporate Management

Eva BishopSr ServicesProfile
Scott ArnoldMa RelationsProfile
Cameron GoldadeVP CFOProfile
Janet LoducaVP OfficerProfile
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