Arcus Development Correlations

ARCUF Stock

USD 0.10 0.00 0.00%

The correlation of Arcus Development 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.

Arcus Development Correlation With Market

Poor diversification

The correlation between Arcus Development Group and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arcus Development Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Arcus Pink Sheet

0.75	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.77	WPM	Wheaton Precious Metals	Pair Corr
0.74	AU	AngloGold Ashanti plc	Pair Corr
0.75	KGC	Kinross Gold Aggressive Push	Pair Corr
0.65	ZIJMY	Zijin Mining Group	Pair Corr
0.63	ZIJMF	Zijin Mining Group	Pair Corr
0.71	GFI	Gold Fields	Pair Corr
0.66	GOLD	Gold Inc Symbol Change	Pair Corr
0.62	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.73	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.62	BAC	Bank of America	Pair Corr
0.8	MRK	Merck Company	Pair Corr
0.77	AA	Alcoa Corp	Pair Corr

Moving against Arcus Pink Sheet

0.36	DOCKF	Beyond Medical Techn	Pair Corr
0.7	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.58	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	NGUGF	MAKAF	GFTRF	NULGF	MNGG	TYPFF	NEWDF	CYNXF	EGMLF	WEGOF
NGUGF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NGUGF
MAKAF	0.0		0.3	-0.18	0.0	0.46	-0.23	0.0	-0.17	-0.26	MAKAF
GFTRF	0.0	0.3		-0.18	0.0	0.14	-0.47	0.0	-0.33	-0.4	GFTRF
NULGF	0.0	-0.18	-0.18		0.0	0.15	0.08	0.0	0.17	-0.1	NULGF
MNGG	0.0	0.0	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	MNGG
TYPFF	0.0	0.46	0.14	0.15	0.0		-0.11	0.0	0.26	-0.4	TYPFF
NEWDF	0.0	-0.23	-0.47	0.08	0.0	-0.11		0.0	0.3	0.56	NEWDF
CYNXF	0.0	0.0	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	CYNXF
EGMLF	0.0	-0.17	-0.33	0.17	0.0	0.26	0.3	0.0		0.15	EGMLF
WEGOF	0.0	-0.26	-0.4	-0.1	0.0	-0.4	0.56	0.0	0.15		WEGOF
	NGUGF	MAKAF	GFTRF	NULGF	MNGG	TYPFF	NEWDF	CYNXF	EGMLF	WEGOF

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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

WEGOF	+ 0.56	NEWDF
TYPFF	+ 0.46	MAKAF
GFTRF	+ 0.3	MAKAF
EGMLF	+ 0.3	NEWDF
EGMLF	+ 0.26	TYPFF
EGMLF	+ 0.17	NULGF

High negative correlations

CYNXF	- 1.0	MNGG
NEWDF	- 0.47	GFTRF
WEGOF	- 0.4	TYPFF
WEGOF	- 0.4	GFTRF
EGMLF	- 0.33	GFTRF
WEGOF	- 0.26	MAKAF

Risk-Adjusted Indicators

There is a big difference between Arcus Pink Sheet performing well and Arcus Development 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 Arcus Development'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
NGUGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MAKAF	7.22	(0.05)	0.00	0.05	9.87	(29.88)	34.00	(25.37)	87.82
GFTRF	582.09	289.00	0.00	3.11	0.00	0.00	0.00	0.00	9,999
NULGF	5.51	0.50	0.03	(0.22)	6.47	(10.50)	14.29	(12.90)	46.88
MNGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TYPFF	11.97	3.68	0.00	0.28	0.00	0.00	0.00	0.00	400.00
NEWDF	6.57	1.12	0.11	11.50	6.17	(11.97)	14.52	(12.68)	82.05
CYNXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EGMLF	11.51	5.42	0.00	0.96	0.00	0.00	0.00	0.00	0.00
WEGOF	1.78	0.42	0.00	0.23	0.00	0.00	0.00	0.00	78.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Arcus Development 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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