Affinity Gold Correlations

AFYG Stock

USD 0.0002 0.00 0.00%

The current 90-days correlation between Affinity Gold Corp and Symrise AG is 0.2 (i.e., Modest diversification). The correlation of Affinity Gold 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.

Affinity Gold Correlation With Market

Weak diversification

The correlation between Affinity Gold Corp and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Affinity Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Affinity Pink Sheet

0.7	AEM	Agnico Eagle Mines	Pair Corr
0.67	AU	AngloGold Ashanti plc	Pair Corr
0.75	GOLD	Gold Inc Symbol Change	Pair Corr
0.69	PPERY	Bank Mandiri Persero	Pair Corr
0.8	KB	KB Financial Group	Pair Corr
0.79	SHG	Shinhan Financial	Pair Corr
0.83	WF	Woori Financial Group	Pair Corr
0.64	MOG-A	Moog Inc	Pair Corr
0.75	CIM	Chimera Investment	Pair Corr
0.74	E	Eni SpA ADR	Pair Corr
0.82	HBANM	Huntington Bancshares	Pair Corr
0.71	ASX	ASE Industrial Holding	Pair Corr
0.66	BLE	BlackRock MIT II	Pair Corr
0.69	CIG	Companhia Energetica	Pair Corr
0.67	TSM	Taiwan Semiconductor	Pair Corr
0.75	AIQUF	LAir Liquide SA	Pair Corr
0.77	DFKCY	Daifuku Co	Pair Corr

Moving against Affinity Pink Sheet

0.65	PBCRY	Bank Central Asia	Pair Corr
0.56	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	BZZUY	EDVMF	BZZUF	AHKSY	KGHPF	SBYSF	AHKSF	SYIEY	SYIEF
BZZUY		-0.55	0.72	-0.64	-0.4	-0.33	-0.58	-0.66	-0.64	BZZUY
EDVMF	-0.55		-0.75	0.89	0.81	0.68	0.87	0.85	0.8	EDVMF
BZZUF	0.72	-0.75		-0.89	-0.48	-0.31	-0.84	-0.82	-0.8	BZZUF
AHKSY	-0.64	0.89	-0.89		0.63	0.45	0.95	0.86	0.83	AHKSY
KGHPF	-0.4	0.81	-0.48	0.63		0.88	0.67	0.65	0.62	KGHPF
SBYSF	-0.33	0.68	-0.31	0.45	0.88		0.55	0.57	0.54	SBYSF
AHKSF	-0.58	0.87	-0.84	0.95	0.67	0.55		0.85	0.84	AHKSF
SYIEY	-0.66	0.85	-0.82	0.86	0.65	0.57	0.85		0.94	SYIEY
SYIEF	-0.64	0.8	-0.8	0.83	0.62	0.54	0.84	0.94		SYIEF
	BZZUY	EDVMF	BZZUF	AHKSY	KGHPF	SBYSF	AHKSF	SYIEY	SYIEF

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

AHKSF	+ 0.95	AHKSY
SYIEF	+ 0.94	SYIEY
AHKSY	+ 0.89	EDVMF
SBYSF	+ 0.88	KGHPF
AHKSF	+ 0.87	EDVMF
SYIEY	+ 0.86	AHKSY

High negative correlations

AHKSY	- 0.89	BZZUF
AHKSF	- 0.84	BZZUF
SYIEY	- 0.82	BZZUF
SYIEF	- 0.8	BZZUF
BZZUF	- 0.75	EDVMF
SYIEY	- 0.66	BZZUY

Risk-Adjusted Indicators

There is a big difference between Affinity Pink Sheet performing well and Affinity Gold 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 Affinity Gold'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
BZZUY	1.84	(0.16)	0.00	(0.02)	0.00	0.00	3.95	(4.87)	16.09
EDVMF	2.35	0.83	0.21	1.88	2.95	(2.51)	5.33	(5.97)	17.05
BZZUF	0.48	(0.13)	0.00	(0.31)	0.00	0.00	0.33	(1.69)	10.70
AHKSY	1.35	0.49	0.30	1.16	1.02	(1.65)	4.07	(2.30)	8.12
KGHPF	3.10	0.88	0.16	2.58	2.82	(5.45)	8.19	(5.73)	35.00
SBYSF	3.64	0.80	0.12	0.71	3.65	(6.26)	11.68	(7.94)	29.57
AHKSF	1.71	0.51	0.12	0.50	1.30	(4.57)	5.85	(2.37)	28.84
SYIEY	1.15	0.16	0.07	1.15	1.06	(1.39)	3.05	(2.14)	9.11
SYIEF	1.69	0.14	0.03	1.18	1.92	(2.07)	4.31	(3.40)	10.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Affinity Gold 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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