AbraSilver Resource Correlations
ABRA Stock | CAD 2.65 0.05 1.85% |
The current 90-days correlation between AbraSilver Resource Corp and Defiance Silver Corp is 0.32 (i.e., Weak diversification). The correlation of AbraSilver Resource 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.
AbraSilver Resource Correlation With Market
Very good diversification
The correlation between AbraSilver Resource Corp and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AbraSilver Resource Corp and DJI in the same portfolio, assuming nothing else is changed.
AbraSilver |
The ability to find closely correlated positions to AbraSilver Resource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AbraSilver Resource 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 AbraSilver Resource - 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 AbraSilver Resource Corp to buy it.
Moving together with AbraSilver Stock
0.96 | AG | First Majestic Silver | PairCorr |
0.85 | IE | Ivanhoe Energy | PairCorr |
0.74 | FDY | Faraday Copper Corp | PairCorr |
Moving against AbraSilver Stock
0.61 | AVCN | Avicanna | PairCorr |
0.51 | HPQ | HPQ Silicon Resources | PairCorr |
0.39 | INFM | Infinico Metals Corp | PairCorr |
0.36 | NG | NovaGold Resources | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between AbraSilver Stock performing well and AbraSilver Resource 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 AbraSilver Resource'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DEF | 4.89 | (0.06) | 0.00 | 0.27 | 0.00 | 10.00 | 31.79 | |||
SCZ | 4.09 | (0.32) | 0.00 | (0.39) | 0.00 | 10.81 | 33.48 | |||
GSVR | 4.03 | (0.26) | 0.00 | 3.99 | 0.00 | 8.70 | 28.57 | |||
AAG | 4.87 | 0.50 | 0.08 | 0.75 | 4.73 | 11.11 | 29.19 | |||
SSV | 5.56 | 0.01 | 0.01 | 0.13 | 5.61 | 10.00 | 41.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AbraSilver Resource 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?
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AbraSilver Resource Corporate Executives
Elected by the shareholders, the AbraSilver Resource's board of directors comprises two types of representatives: AbraSilver Resource inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AbraSilver. The board's role is to monitor AbraSilver Resource's management team and ensure that shareholders' interests are well served. AbraSilver Resource'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, AbraSilver Resource's outside directors are responsible for providing unbiased perspectives on the board's policies.
Carlos Pinglo | CFO Secretary | Profile |