Morien Resources Correlations

APMCF Stock

USD 0.20 0.05 20.00%

The current 90-days correlation between Morien Resources Corp and Adaro Energy Tbk is -0.09 (i.e., Good diversification). The correlation of Morien 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.

Morien Resources Correlation With Market

Average diversification

The correlation between Morien Resources Corp 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 Morien Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Morien Pink Sheet

0.67

PBMRF

PT Bumi Resources

Pair Corr

Moving against Morien Pink Sheet

0.47	CCOZY	China Coal Energy	Pair Corr
0.45	CCOZF	China Coal Energy	Pair Corr
0.42	CUAEF	China Shenhua Energy	Pair Corr
0.39	ADOOY	Adaro Energy Tbk	Pair Corr
0.32	CMWCF	Cromwell Property	Pair Corr
0.47	AAL	American Airlines	Pair Corr
0.45	AIRJ	Montana Technologies Symbol Change	Pair Corr
0.42	EOSE	Eos Energy Enterprises	Pair Corr
0.41	BBAI	BigBearai Holdings Upward Rally	Pair Corr
0.32	LULU	Lululemon Athletica	Pair Corr
0.31	DAO	Youdao Inc	Pair Corr
0.41	BKKT	Bakkt Holdings	Pair Corr
0.4	ULTA	Ulta Beauty	Pair Corr
0.39	CHHQY	China Hongqiao Group	Pair Corr
0.37	VRSN	VeriSign Earnings Call This Week	Pair Corr
0.36	FBTT	First Bankers Trustshares	Pair Corr

Related Correlations Analysis

	ADOOY	ARLP	ITAYY	YZCAY	TBNGY	GRYRF	YACAF	CEIX	BTU	NRP
ADOOY		-0.15	0.42	-0.36	-0.34	-0.16	-0.31	-0.4	-0.43	0.05	ADOOY
ARLP	-0.15		-0.05	-0.52	-0.12	-0.64	-0.18	-0.01	-0.23	0.59	ARLP
ITAYY	0.42	-0.05		-0.54	-0.26	-0.33	-0.38	-0.38	-0.45	0.15	ITAYY
YZCAY	-0.36	-0.52	-0.54		0.65	0.69	0.72	0.16	0.8	-0.64	YZCAY
TBNGY	-0.34	-0.12	-0.26	0.65		0.33	0.71	-0.14	0.8	-0.49	TBNGY
GRYRF	-0.16	-0.64	-0.33	0.69	0.33		0.42	0.19	0.45	-0.69	GRYRF
YACAF	-0.31	-0.18	-0.38	0.72	0.71	0.42		0.1	0.76	-0.36	YACAF
CEIX	-0.4	-0.01	-0.38	0.16	-0.14	0.19	0.1		0.12	0.25	CEIX
BTU	-0.43	-0.23	-0.45	0.8	0.8	0.45	0.76	0.12		-0.36	BTU
NRP	0.05	0.59	0.15	-0.64	-0.49	-0.69	-0.36	0.25	-0.36		NRP
	ADOOY	ARLP	ITAYY	YZCAY	TBNGY	GRYRF	YACAF	CEIX	BTU	NRP

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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

BTU	+ 0.8	YZCAY
BTU	+ 0.8	TBNGY
BTU	+ 0.76	YACAF
YACAF	+ 0.72	YZCAY
YACAF	+ 0.71	TBNGY
GRYRF	+ 0.69	YZCAY

High negative correlations

NRP	- 0.69	GRYRF
NRP	- 0.64	YZCAY
GRYRF	- 0.64	ARLP
YZCAY	- 0.54	ITAYY
YZCAY	- 0.52	ARLP
NRP	- 0.49	TBNGY

Risk-Adjusted Indicators

There is a big difference between Morien Pink Sheet performing well and Morien Resources Company 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 Morien 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
ADOOY	11.88	1.22	0.11	0.22	14.48	(14.27)	22.34	(31.40)	188.38
ARLP	1.40	0.24	0.08	1.33	1.91	(1.41)	3.26	(2.78)	10.43
ITAYY	0.73	0.05	0.00	(0.06)	0.00	0.00	1.23	(0.66)	19.85
YZCAY	1.54	(0.29)	0.00	1.03	0.00	0.00	3.71	(3.00)	10.79
TBNGY	1.06	(0.04)	0.00	0.15	0.00	0.00	4.17	0.00	26.82
GRYRF	1.11	(0.31)	0.00	(0.40)	0.00	0.00	0.00	0.00	32.73
YACAF	2.66	0.01	(0.02)	0.13	2.99	(3.86)	6.70	(5.75)	18.73
CEIX	1.57	(0.09)	0.00	(0.91)	0.00	0.00	3.05	(3.57)	17.96
BTU	1.97	(0.47)	0.00	(0.54)	0.00	0.00	5.26	(5.04)	16.78
NRP	1.38	0.12	0.05	0.28	1.70	(1.52)	3.35	(3.24)	11.51

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Our tools can tell you how much better you can do entering a position in Morien 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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Morien Resources Corporate Management

CMA CPA	Advisor	Profile
Dawson PGeo	Manager of Corporate Devel.	Profile
MBA BE	Ex Chairman	Profile
Suzan LLB	Co Sec	Profile

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