Barrick Gold Correlations

ABX Stock

CAD 56.75 3.99 7.56%

Low or negative correlation with other holdings can meaningfully reduce portfolio drawdowns during market stress. The current 90-days correlation between Barrick Gold Corp and Wheaton Precious Metals is -0.05 (i.e., Excellent diversification).

Market Linkage for Barrick Gold

Weak diversification

Across the chosen horizon, Barrick Gold and Dow Jones show a correlation of 0.48 and fall into the Weak diversification bucket. The overlap area shows the portion of risk diversified away by holding both instruments together.

Correlation data shows how Barrick Gold aligns with related instruments. Regulatory frameworks may restrict substantially identical replacements under wash sale rules.

Moving together with Barrick Gold Stock

0.83	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.73	IE	Ivanhoe Energy	Pair Corr
0.81	ORE	Orezone Gold Corp Earnings Call This Week	Pair Corr
0.74	URZ	Urz Energy Corp	Pair Corr
0.71	INFM	Infinico Metals Corp Split	Pair Corr

Moving Against Barrick Gold Stock

0.62	FLNT	FLINT Corp Earnings Call Today	Pair Corr
0.52	AML	Argus Metals Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	WPM	K	AEM	FNV	LUG	AGI	PRU	ELD
WPM		0.95	0.86	0.89	0.8	0.82	0.73	0.68	WPM
K	0.95		0.81	0.82	0.75	0.7	0.79	0.69	K
AEM	0.86	0.81		0.88	0.93	0.92	0.71	0.73	AEM
FNV	0.89	0.82	0.88		0.87	0.89	0.56	0.58	FNV
LUG	0.8	0.75	0.93	0.87		0.9	0.61	0.61	LUG
AGI	0.82	0.7	0.92	0.89	0.9		0.63	0.49	AGI
PRU	0.73	0.79	0.71	0.56	0.61	0.63		0.44	PRU
ELD	0.68	0.69	0.73	0.58	0.61	0.49	0.44		ELD
	WPM	K	AEM	FNV	LUG	AGI	PRU	ELD

Risk-Adjusted Indicators

Return momentum in Barrick Gold Stock is more useful when tested against peer-relative fundamentals and risk. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WPM	2.57	-0.03	0.00	0.06	0.00	0.00	4.67	-6.00	13.55
K	2.53	-0.09	0.00	0.67	0.00	0.00	5.15	-6.61	14.62
AEM	2.48	0.02	0.01	0.02	3.38	-2.38	5.76	-6.08	12.86
FNV	1.93	-0.03	0.00	0.33	0.00	0.00	4.13	-4.97	12.76
LUG	3.16	-0.08	0.00	-0.03	0.00	0.00	7.21	-6.76	17.84
AGI	3.16	0.25	0.06	0.15	3.98	-3.25	6.36	-6.86	17.40
PRU	2.52	0.09	0.03	0.07	3.23	-2.64	4.82	-4.86	13.73
ELD	3.12	-0.51	0.00	1.58	0.00	0.00	5.22	-6.82	16.72

Be Your Own Money Manager

Serious investors usually evaluate Barrick Gold Corp in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.

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Barrick Gold Corporate Management

Governance review matters for Barrick Gold Corp because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. A disciplined governance review can reveal strengths or weaknesses that may not be obvious in financial ratios alone.

Joseph Heckendorn	Senior VP, Corporate Secretary & Associate General Counsel	Profile
Poupak Bahamin	General Counsel & Chief Compliance Officer	Profile
Woo Lee	Chief Global Affairs Officer	Profile
Cleveland Rueckert	Head of Investor Relations	Profile
George Joannou	Chief Development Officer	Profile
James McGuire	Chief Legal & Policy Officer	Profile