ANAX Metals Correlations
| ANX Stock | 0.04 -0.001 -2.78% |
Correlations tend to spike during dislocations, so the stock's calm-market pairing may not hold under stress. The current 90-days correlation between ANAX Metals and Resource Mining is 0.05 (i.e., Very good diversification).
Correlation to Market: ANAX Metals
Moderate diversification
The correlation between ANAX Metals and Dow Jones is 0.32, which Macroaxis classifies as Moderate diversification for the selected horizon. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
ANAX |
Correlation data for ANAX Metals reflects how it moves relative to similar exposures. All figures reflect observed co-movement based on historical data inputs.
Moving together with ANAX Stock
| 0.64 | BSL | Bluescope Steel | PairCorr |
| 0.65 | GGP | Greatland Resources | PairCorr |
| 0.73 | YUG | Yugo Metals Limited | PairCorr |
Related Correlations Analysis
| 0.37 | -0.21 | -0.04 | -0.4 | -0.58 | -0.46 | RMI | ||
| 0.37 | 0.51 | 0.16 | 0.26 | 0.1 | 0.33 | RTG | ||
| -0.21 | 0.51 | -0.06 | 0.64 | 0.78 | 0.85 | TWE | ||
| -0.04 | 0.16 | -0.06 | 0.37 | -0.21 | -0.09 | AVH | ||
| -0.4 | 0.26 | 0.64 | 0.37 | 0.6 | 0.68 | DTM | ||
| -0.58 | 0.1 | 0.78 | -0.21 | 0.6 | 0.86 | CIW | ||
| -0.46 | 0.33 | 0.85 | -0.09 | 0.68 | 0.86 | EYE | ||
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
Evaluating ANAX Stock requires separating price momentum from underlying operating strength versus competitors. Peer-relative risk metrics add context on drawdown behavior, consistency, and return quality. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RMI | 2.73 | 0.83 | 0.17 | -1.63 | 2.06 | 6.67 | 35.54 | |||
| RTG | 3.30 | 0.45 | 0.10 | 0.37 | 3.22 | 7.69 | 25.74 | |||
| TWE | 2.23 | -0.28 | 0.00 | -1.58 | 0.00 | 5.56 | 20.14 | |||
| AVH | 3.18 | 0.06 | 0.01 | 0.31 | 3.21 | 8.33 | 19.41 | |||
| DTM | 3.24 | -0.13 | 0.00 | 0.46 | 0.00 | 9.09 | 22.22 | |||
| CIW | 0.67 | -0.23 | 0.00 | -0.53 | 0.00 | 0.00 | 14.63 | |||
| EYE | 2.65 | -0.32 | 0.00 | -1.83 | 0.00 | 8.33 | 23.81 |
Be Your Own Money Manager
Portfolio optimization matters because investors need a repeatable way to decide whether adding ANAX Metals improves expected return without taking on disproportionate risk. The practical goal is to remove redundancy, improve diversification, and keep risk aligned with the intended return target.
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ANAX Metals Corporate Management
The leadership structure of ANAX Metals reveals who sets direction, approves budgets, and monitors management performance. Distinguishing insiders who manage operations from outside directors who provide independent oversight adds important governance context.
| Steven BCom | Company Secretary | Profile | |
| Kenneth Banks | Investor Manager | Profile | |
| Jenine Owen | Chief Officer | Profile | |
| Paul Roberts | Managing Ltd | Profile | |
| Daniel Coletta | Joint Company Secretary | Profile |