Alamos Gold Correlations
| AGI Stock | USD 18.87 0.01 0.05% |
The current 90-days correlation between Alamos Gold and Fortitude Gold Corp is 0.1 (i.e., Average diversification). The correlation of Alamos 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.
Alamos Gold Correlation With Market
Significant diversification
The correlation between Alamos Gold and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alamos Gold and DJI in the same portfolio, assuming nothing else is changed.
Alamos |
Moving together with Alamos Stock
| 0.79 | AEM | Agnico Eagle Mines | PairCorr |
| 0.91 | BTG | B2Gold Corp Aggressive Push | PairCorr |
| 0.75 | CDE | Coeur Mining | PairCorr |
| 0.86 | FNV | Franco Nevada | PairCorr |
| 0.74 | GFI | Gold Fields | PairCorr |
| 0.84 | HMY | Harmony Gold Mining | PairCorr |
| 0.63 | IAG | IAMGold | PairCorr |
| 0.61 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.75 | WPM | Wheaton Precious Metals | PairCorr |
| 0.61 | EU | enCore Energy Corp | PairCorr |
| 0.92 | HL | Hecla Mining | PairCorr |
Moving against Alamos Stock
| 0.35 | GGB | Gerdau SA ADR Potential Growth | PairCorr |
| 0.38 | KALU | Kaiser Aluminum | PairCorr |
| 0.32 | ZEUS | Olympic Steel | PairCorr |
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