Aurion Resources Correlations
| AIRRF Stock | USD 0.40 0.02 5.26% |
The current 90-days correlation between Aurion Resources and Ascendant Resources is -0.08 (i.e., Good diversification). The correlation of Aurion Resources 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.
Aurion Resources Correlation With Market
Good diversification
The correlation between Aurion Resources and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurion Resources and DJI in the same portfolio, assuming nothing else is changed.
Aurion |
The ability to find closely correlated positions to Aurion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aurion Resources 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 Aurion Resources - 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 Aurion Resources to buy it.
Moving together with Aurion OTC Stock
| 0.7 | ASTSW | AST SpaceMobile | PairCorr |
| 0.64 | SSNLF | Samsung Electronics | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.64 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Aurion OTC Stock
| 0.86 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.79 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.75 | MAPSW | WM Technology | PairCorr |
| 0.38 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.36 | GOEVW | Canoo Holdings | PairCorr |
| 0.48 | PG | Procter Gamble | PairCorr |
| 0.31 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aurion OTC Stock performing well and Aurion Resources OTC Stock 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 Aurion Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASDRF | 6.92 | 1.12 | 0.03 | (2.03) | 9.12 | 33.33 | 83.33 | |||
| CTXDF | 2.04 | (0.43) | 0.00 | (0.88) | 0.00 | 3.18 | 44.15 | |||
| AXREF | 4.08 | 0.72 | 0.06 | (2.14) | 4.35 | 10.00 | 32.47 | |||
| SAGGF | 6.23 | (0.38) | 0.00 | 0.35 | 0.00 | 13.25 | 56.45 | |||
| AAGFF | 4.92 | 0.58 | 0.06 | (0.52) | 5.01 | 10.26 | 26.99 | |||
| WLBMF | 3.96 | (0.13) | 0.00 | 0.59 | 0.00 | 20.00 | 36.67 | |||
| CBRSF | 5.03 | 2.44 | 0.00 | (0.54) | 0.00 | 0.00 | 183.33 | |||
| AUMTF | 0.60 | 0.05 | 0.00 | (0.34) | 0.00 | 0.00 | 36.67 | |||
| BRYGF | 1.66 | (0.07) | 0.00 | (0.06) | 0.00 | 0.00 | 42.00 | |||
| EDDYF | 5.12 | 0.33 | 0.02 | 0.29 | 7.73 | 31.94 | 87.64 |
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Aurion Resources Corporate Management
Elected by the shareholders, the Aurion Resources' board of directors comprises two types of representatives: Aurion Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aurion. The board's role is to monitor Aurion Resources' management team and ensure that shareholders' interests are well served. Aurion Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aurion Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.