Angkor Resources Correlations

ANKOF Stock

USD 0.26 0.01 3.70%

The current 90-days correlation between Angkor Resources Corp and Inventus Mining Corp is -0.04 (i.e., Good diversification). The correlation of Angkor 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.

Angkor Resources Correlation With Market

Poor diversification

The correlation between Angkor Resources Corp and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angkor Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Angkor 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 Angkor 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 Angkor 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 Angkor Resources Corp to buy it.

Moving together with Angkor OTC Stock

0.88	ATCOL	Atlas Corp	Pair Corr
0.77	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.72	JPSTF	JAPAN POST BANK	Pair Corr
0.76	MZHOF	Mizuho Financial	Pair Corr
0.64	NTZ	Natuzzi SpA	Pair Corr
0.78	CGECF	Cogeco Inc	Pair Corr
0.71	TORO	Toro	Pair Corr
0.76	UMAC	Unusual Machines Buyout Trend	Pair Corr
0.8	FRFFF	Fairfax Financial	Pair Corr
0.68	NNBR	NN Inc	Pair Corr
0.86	TATT	Tat Techno	Pair Corr
0.76	MTGRF	Mount Gibson Iron	Pair Corr
0.8	BLAGF	Blue Lagoon Resources	Pair Corr
0.76	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.61	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.78	GS	Goldman Sachs Group	Pair Corr
0.85	YLLXF	Yellow Cake plc	Pair Corr
0.79	SLSR	Solaris Resources	Pair Corr
0.77	FRSB	First Resource Bank	Pair Corr
0.78	MEEEF	Metal Energy Corp	Pair Corr
0.65	INTC	Intel	Pair Corr
0.84	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Angkor OTC Stock

0.88	GCMGW	GCM Grosvenor	Pair Corr
0.82	PBCRY	Bank Central Asia	Pair Corr
0.65	MAPSW	WM Technology	Pair Corr
0.63	ADVWW	Advantage Solutions	Pair Corr
0.63	AFIIQ	Armstrong Flooring	Pair Corr
0.38	WELL	Welltower	Pair Corr

Related Correlations Analysis

	GNGXF	KTGDF	FMANF	EQTRF	FTBYF	UGDIF	AUXXF	TETOF	SICNF	RDEXF
GNGXF		-0.04	0.51	-0.12	0.52	0.44	0.49	0.55	0.21	0.62	GNGXF
KTGDF	-0.04		0.47	0.12	-0.18	-0.23	0.14	0.21	0.58	0.43	KTGDF
FMANF	0.51	0.47		-0.25	0.51	0.44	0.79	0.83	0.71	0.86	FMANF
EQTRF	-0.12	0.12	-0.25		-0.39	-0.47	-0.6	-0.53	-0.27	-0.17	EQTRF
FTBYF	0.52	-0.18	0.51	-0.39		0.58	0.61	0.73	0.42	0.52	FTBYF
UGDIF	0.44	-0.23	0.44	-0.47	0.58		0.69	0.63	0.28	0.38	UGDIF
AUXXF	0.49	0.14	0.79	-0.6	0.61	0.69		0.86	0.56	0.63	AUXXF
TETOF	0.55	0.21	0.83	-0.53	0.73	0.63	0.86		0.69	0.69	TETOF
SICNF	0.21	0.58	0.71	-0.27	0.42	0.28	0.56	0.69		0.65	SICNF
RDEXF	0.62	0.43	0.86	-0.17	0.52	0.38	0.63	0.69	0.65		RDEXF
	GNGXF	KTGDF	FMANF	EQTRF	FTBYF	UGDIF	AUXXF	TETOF	SICNF	RDEXF

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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

RDEXF	+ 0.86	FMANF
TETOF	+ 0.86	AUXXF
TETOF	+ 0.83	FMANF
AUXXF	+ 0.79	FMANF
TETOF	+ 0.73	FTBYF
SICNF	+ 0.71	FMANF

High negative correlations

AUXXF	- 0.6	EQTRF
TETOF	- 0.53	EQTRF
UGDIF	- 0.47	EQTRF
FTBYF	- 0.39	EQTRF
SICNF	- 0.27	EQTRF
EQTRF	- 0.25	FMANF

Risk-Adjusted Indicators

There is a big difference between Angkor OTC Stock performing well and Angkor 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 Angkor 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
GNGXF	7.95	0.57	0.04	0.80	9.56	(13.10)	22.22	(23.53)	64.39
KTGDF	3.47	0.95	0.20	0.73	3.13	(5.26)	9.38	(7.27)	30.70
FMANF	5.24	0.96	0.15	0.46	4.39	(8.57)	10.53	(7.14)	34.09
EQTRF	3.16	(0.01)	0.00	0.02	3.47	(7.47)	7.14	(5.88)	26.32
FTBYF	3.60	0.17	0.03	0.26	4.36	(4.78)	7.58	(5.66)	29.07
UGDIF	3.75	0.11	0.01	0.13	4.26	(9.00)	8.33	(7.69)	30.95
AUXXF	4.66	0.35	0.07	0.18	4.86	(5.76)	10.00	(8.06)	26.92
TETOF	5.61	1.77	0.30	0.87	4.41	(8.64)	18.97	(7.25)	71.48
SICNF	5.38	0.97	0.12	1.41	4.50	(11.45)	16.67	(10.53)	46.83
RDEXF	3.76	0.57	0.08	0.58	3.62	(8.36)	9.09	(8.33)	22.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Angkor Resources 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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