Amex Exploration Correlations

AMXEF Stock

USD 0.77 0.02 2.67%

The current 90-days correlation between Amex Exploration and Dacian Gold Limited is 0.05 (i.e., Significant diversification). The correlation of Amex Exploration 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.

Amex Exploration Correlation With Market

Average diversification

The correlation between Amex Exploration and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amex Exploration and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Amex OTC Stock

0.64	CHKEZ	CHKEZ Old Symbol Change	Pair Corr
0.79	ADVWW	Advantage Solutions	Pair Corr
0.74	PKX	POSCO Holdings Earnings Call This Week	Pair Corr
0.72	SWZNF	Schweizerische Nationalbank	Pair Corr
0.7	HYMTF	Hyundai Motor Earnings Call This Week	Pair Corr
0.69	KB	KB Financial Group	Pair Corr

Moving against Amex OTC Stock

0.67	GCMGW	GCM Grosvenor	Pair Corr
0.65	ASTSW	AST SpaceMobile	Pair Corr
0.38	MAPSW	WM Technology	Pair Corr
0.8	AAL	American Airlines Earnings Call This Week	Pair Corr
0.79	CLS	Celestica	Pair Corr
0.76	TATT	Tat Techno	Pair Corr
0.74	SOUN	SoundHound AI	Pair Corr
0.71	WMT	Walmart	Pair Corr
0.71	JBL	Jabil Circuit	Pair Corr
0.7	UAL	United Airlines Holdings Earnings Call This Week	Pair Corr
0.69	FSK	FS KKR Capital	Pair Corr
0.59	OPFI	OppFi Inc	Pair Corr
0.46	ELEV	Elevation Oncology	Pair Corr
0.41	ITCI	Intracellular Th Trending	Pair Corr
0.34	PRVA	Privia Health Group	Pair Corr
0.77	ZVIA	Zevia Pbc	Pair Corr
0.77	GOOGL	Alphabet Class A	Pair Corr
0.73	SLSR	Solaris Resources	Pair Corr
0.73	WSM	Williams Sonoma	Pair Corr
0.67	MITQ	Moving iMage Technologies	Pair Corr
0.63	QNCX	Quince Therapeutics,	Pair Corr

Related Correlations Analysis

	AGRDF	DCCNF	ARBTF	ADGCF	BAUFF	AGDXF	ANKOF	ASGOF	ANTMF	AUXXF
AGRDF		-0.17	-0.06	0.0	0.07	0.2	-0.09	0.0	0.26	-0.04	AGRDF
DCCNF	-0.17		0.25	0.0	0.13	-0.39	0.37	0.1	-0.14	0.33	DCCNF
ARBTF	-0.06	0.25		0.0	-0.13	-0.62	0.23	0.03	-0.64	0.1	ARBTF
ADGCF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ADGCF
BAUFF	0.07	0.13	-0.13	0.0		0.29	0.34	0.61	0.21	0.61	BAUFF
AGDXF	0.2	-0.39	-0.62	0.0	0.29		-0.04	0.43	0.73	0.17	AGDXF
ANKOF	-0.09	0.37	0.23	0.0	0.34	-0.04		0.43	-0.14	0.46	ANKOF
ASGOF	0.0	0.1	0.03	0.0	0.61	0.43	0.43		0.21	0.88	ASGOF
ANTMF	0.26	-0.14	-0.64	0.0	0.21	0.73	-0.14	0.21		0.11	ANTMF
AUXXF	-0.04	0.33	0.1	0.0	0.61	0.17	0.46	0.88	0.11		AUXXF
	AGRDF	DCCNF	ARBTF	ADGCF	BAUFF	AGDXF	ANKOF	ASGOF	ANTMF	AUXXF

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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

AUXXF	+ 0.88	ASGOF
ANTMF	+ 0.73	AGDXF
ASGOF	+ 0.61	BAUFF
AUXXF	+ 0.61	BAUFF
AUXXF	+ 0.46	ANKOF
ASGOF	+ 0.43	AGDXF

High negative correlations

ANTMF	- 0.64	ARBTF
AGDXF	- 0.62	ARBTF
AGDXF	- 0.39	DCCNF
DCCNF	- 0.17	AGRDF
ANTMF	- 0.14	ANKOF
ANTMF	- 0.14	DCCNF

Risk-Adjusted Indicators

There is a big difference between Amex OTC Stock performing well and Amex Exploration 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 Amex Exploration'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
AGRDF	469.09	240.68	0.00	2.55	0.00	0.00	0.00	0.00	10,100
DCCNF	1.34	0.28	0.00	(0.76)	0.00	0.00	6.94	0.00	36.26
ARBTF	3.04	0.29	0.04	1.17	3.40	(12.87)	9.81	(8.42)	41.88
ADGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAUFF	1.03	(0.08)	0.00	(0.13)	0.00	0.00	0.00	0.00	33.52
AGDXF	12.23	3.64	0.00	(0.53)	0.00	0.00	0.00	0.00	253.33
ANKOF	3.82	0.40	0.04	0.39	4.92	(8.28)	11.79	(8.94)	55.76
ASGOF	1.17	(0.60)	0.00	9.92	0.00	0.00	0.00	(5.56)	11.34
ANTMF	11.50	3.28	0.00	1.02	0.00	0.00	53.33	(26.67)	178.03
AUXXF	4.98	(0.46)	0.00	(1.66)	0.00	0.00	9.09	(10.00)	31.40

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Our tools can tell you how much better you can do entering a position in Amex Exploration 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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