Apollo Silver Correlations

APGOF Stock

USD 3.73 0.18 5.07%

The current 90-days correlation between Apollo Silver Corp and Bunker Hill Mining is 0.2 (i.e., Modest diversification). The correlation of Apollo Silver 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.

Apollo Silver Correlation With Market

Poor diversification

The correlation between Apollo Silver Corp and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apollo Silver Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Apollo OTC Stock

0.93	PAAS	Pan American Silver	Pair Corr
0.87	AG	First Majestic Silver Aggressive Push	Pair Corr
0.88	SVM	Silvercorp Metals	Pair Corr
0.9	AYASF	Aya Gold Silver	Pair Corr
0.84	DVS	Dolly Varden Silver	Pair Corr
0.91	DSVSF	Discovery Metals Corp	Pair Corr
0.78	DOLLF	Dolly Varden Silver	Pair Corr
0.73	SLVMF	Silver Mines Limited	Pair Corr
0.75	C-PN	Citigroup Capital XIII	Pair Corr
0.65	TSBK	Timberland Bancorp	Pair Corr
0.71	KDK	Kodiak AI Common Symbol Change	Pair Corr
0.71	IBIO	iBio Common Stock	Pair Corr
0.67	HNI	HNI Corp	Pair Corr
0.73	UCB	United Community Banks	Pair Corr
0.7	MCW	Mister Car Wash	Pair Corr
0.84	VSCO	Victorias Secret	Pair Corr
0.78	AKRO	Akero Therapeutics	Pair Corr
0.65	GRFS	Grifols SA ADR	Pair Corr
0.75	CGCT	Cartesian Growth	Pair Corr

Related Correlations Analysis

	BHLL	MAIFF	BKRRF	BTRYF	BADEF	WMWWF	CTTZF	AAGFF	MFGCF	KFFLF
BHLL		0.6	0.6	-0.03	0.61	0.05	0.53	0.75	0.61	-0.05	BHLL
MAIFF	0.6		0.96	0.03	0.92	0.52	0.93	0.9	0.9	0.11	MAIFF
BKRRF	0.6	0.96		0.08	0.94	0.46	0.94	0.92	0.88	0.01	BKRRF
BTRYF	-0.03	0.03	0.08		0.1	-0.24	0.2	0.06	-0.05	-0.18	BTRYF
BADEF	0.61	0.92	0.94	0.1		0.39	0.93	0.92	0.86	-0.06	BADEF
WMWWF	0.05	0.52	0.46	-0.24	0.39		0.46	0.32	0.51	0.11	WMWWF
CTTZF	0.53	0.93	0.94	0.2	0.93	0.46		0.87	0.88	-0.1	CTTZF
AAGFF	0.75	0.9	0.92	0.06	0.92	0.32	0.87		0.82	-0.07	AAGFF
MFGCF	0.61	0.9	0.88	-0.05	0.86	0.51	0.88	0.82		-0.01	MFGCF
KFFLF	-0.05	0.11	0.01	-0.18	-0.06	0.11	-0.1	-0.07	-0.01		KFFLF
	BHLL	MAIFF	BKRRF	BTRYF	BADEF	WMWWF	CTTZF	AAGFF	MFGCF	KFFLF

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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

BKRRF	+ 0.96	MAIFF
BADEF	+ 0.94	BKRRF
CTTZF	+ 0.94	BKRRF
CTTZF	+ 0.93	MAIFF
CTTZF	+ 0.93	BADEF
BADEF	+ 0.92	MAIFF

High negative correlations

WMWWF	- 0.24	BTRYF
KFFLF	- 0.18	BTRYF
KFFLF	- 0.1	CTTZF
KFFLF	- 0.07	AAGFF
KFFLF	- 0.06	BADEF
MFGCF	- 0.05	BTRYF

Risk-Adjusted Indicators

There is a big difference between Apollo OTC Stock performing well and Apollo Silver 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 Apollo Silver'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
BHLL	3.97	0.11	0.01	0.21	5.43	(7.49)	7.14	(5.88)	42.22
MAIFF	2.88	0.64	0.18	0.43	3.04	(3.19)	7.56	(4.62)	22.72
BKRRF	4.52	1.65	0.36	1.69	3.48	(5.97)	11.70	(6.25)	26.34
BTRYF	13.13	2.15	0.05	(0.24)	16.04	(30.47)	37.04	(37.21)	103.88
BADEF	3.71	0.34	0.10	0.20	3.83	(5.15)	9.43	(8.06)	23.98
WMWWF	12.80	2.35	0.11	4.10	12.94	(21.52)	35.14	(29.33)	125.92
CTTZF	3.56	0.48	0.08	1.56	3.69	(5.05)	10.71	(6.98)	28.11
AAGFF	4.98	0.78	0.17	0.41	4.88	(6.14)	12.73	(8.47)	26.94
MFGCF	2.87	0.60	0.13	(0.84)	2.90	(3.48)	6.84	(4.72)	16.87
KFFLF	4.65	1.27	0.00	(0.17)	0.00	0.00	10.00	(16.67)	95.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Apollo Silver 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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