Ascendant Resources Correlations
| ASDRF Stock | USD 0.04 0.00 0.00% |
The current 90-days correlation between Ascendant Resources and Altiplano Metals is -0.01 (i.e., Good diversification). The correlation of Ascendant 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.
Ascendant Resources Correlation With Market
Weak diversification
The correlation between Ascendant Resources and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ascendant Resources and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Ascendant 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 Ascendant 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 Ascendant 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 Ascendant Resources to buy it.
Moving against Ascendant OTC Stock
| 0.43 | MZHOF | Mizuho Financial Earnings Call Today | PairCorr |
| 0.39 | DIS | Walt Disney Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Ascendant OTC Stock performing well and Ascendant 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 Ascendant 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EDDYF | 3.16 | (0.12) | 0.00 | 0.32 | 0.00 | 8.53 | 45.30 | |||
| CBRSF | 9.58 | 1.99 | 0.00 | (3.16) | 0.00 | 0.00 | 325.00 | |||
| AVRTF | 2.52 | (1.45) | 0.00 | (0.72) | 0.00 | 0.00 | 84.29 | |||
| ADTLF | 1.30 | (0.06) | 0.00 | 0.54 | 0.00 | 4.80 | 14.94 | |||
| APCDF | 1.38 | (0.13) | 0.00 | 0.35 | 0.00 | 0.00 | 45.71 | |||
| AUMTF | 2.13 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 70.45 | |||
| AZMTF | 2.57 | (0.15) | 0.00 | (0.04) | 0.00 | 6.67 | 23.51 | |||
| ALTPF | 4.44 | (0.16) | 0.00 | (0.06) | 0.00 | 20.00 | 45.08 | |||
| ARTTF | 13.01 | 0.60 | 0.01 | (2.45) | 17.75 | 42.86 | 186.93 | |||
| BNTRF | 10.05 | 0.95 | 0.05 | 0.44 | 11.81 | 30.00 | 100.38 |
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Ascendant Resources Corporate Management
Elected by the shareholders, the Ascendant Resources' board of directors comprises two types of representatives: Ascendant Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ascendant. The board's role is to monitor Ascendant Resources' management team and ensure that shareholders' interests are well served. Ascendant Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ascendant Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.