Avino Silver Correlations

ASM Stock

CAD 13.32 0.70 5.55%

The current 90-days correlation between Avino Silver Gold and GoGold Resources is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Avino Silver Correlation With Market

Poor diversification

The correlation between Avino Silver Gold 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 Avino Silver Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Avino 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 Avino 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 Avino 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 Avino Silver Gold to buy it.

Moving together with Avino Stock

0.9	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.8	IE	Ivanhoe Energy	Pair Corr
0.96	ORE	Orezone Gold Corp	Pair Corr
0.88	FDY	Faraday Copper Corp	Pair Corr
0.7	INFM	Infinico Metals Corp	Pair Corr
0.63	PJX	PJX Resources	Pair Corr
0.7	ROCK	Rockridge Resources	Pair Corr
0.81	CU	Canadian Utilities	Pair Corr
0.66	QNC	Quantum eMotion Corp	Pair Corr
0.87	IPO	InPlay Oil Corp	Pair Corr
0.89	BBB	Brixton Metals	Pair Corr
0.64	ETG	Entree Resources	Pair Corr
0.9	TMG	Thermal Energy Inter	Pair Corr
0.68	BTE	Baytex Energy Corp	Pair Corr
0.78	CU-PH	Canadian Utilities	Pair Corr
0.85	AIM	Aimia Inc	Pair Corr
0.67	PDV	Prime Dividend Corp	Pair Corr
0.94	TVE	Tamarack Valley Energy	Pair Corr
0.87	BCE	BCE Inc	Pair Corr
0.84	PGDC	Patagonia Gold Corp	Pair Corr
0.89	RKR	ROKMASTER Resources Corp	Pair Corr
0.85	CWEB	Charlottes Web Holdings	Pair Corr
0.68	NICU	Magna Mining	Pair Corr

Moving against Avino Stock

0.72

CMC

Cielo Waste Solutions

Pair Corr

Related Correlations Analysis

	GGD	ABRA	MDI	MTA	APM	ITR	RBX	SLI	TMQ
GGD		0.85	0.8	0.73	0.79	0.72	0.86	0.62	0.85	GGD
ABRA	0.85		0.92	0.6	0.68	0.56	0.9	0.49	0.61	ABRA
MDI	0.8	0.92		0.45	0.5	0.39	0.88	0.36	0.58	MDI
MTA	0.73	0.6	0.45		0.89	0.92	0.56	0.87	0.75	MTA
APM	0.79	0.68	0.5	0.89		0.95	0.6	0.82	0.73	APM
ITR	0.72	0.56	0.39	0.92	0.95		0.49	0.88	0.73	ITR
RBX	0.86	0.9	0.88	0.56	0.6	0.49		0.44	0.67	RBX
SLI	0.62	0.49	0.36	0.87	0.82	0.88	0.44		0.77	SLI
TMQ	0.85	0.61	0.58	0.75	0.73	0.73	0.67	0.77		TMQ
	GGD	ABRA	MDI	MTA	APM	ITR	RBX	SLI	TMQ

Risk-Adjusted Indicators

There is a big difference between Avino Stock performing well and Avino Silver 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 Avino 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
GGD	3.15	0.20	0.04	0.22	4.39	(3.43)	7.04	(8.50)	22.35
ABRA	4.16	0.98	0.22	0.46	4.34	(4.89)	10.59	(6.56)	29.69
MDI	2.25	0.44	0.18	0.58	2.18	(2.75)	4.94	(4.31)	9.82
MTA	2.42	0.04	0.02	0.09	3.33	(2.41)	6.12	(6.15)	17.65
APM	3.86	0.35	0.08	0.22	5.10	(4.23)	7.81	(6.72)	27.39
ITR	3.55	0.22	0.05	0.21	4.28	(3.67)	7.59	(6.51)	23.82
RBX	2.77	0.75	0.17	1.68	3.05	(3.13)	7.09	(6.41)	16.72
SLI	4.16	0.41	0.08	0.45	4.84	(4.52)	8.58	(7.97)	25.39
TMQ	4.06	0.18	0.02	0.88	5.77	(4.04)	7.12	(9.74)	29.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Avino 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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Avino Silver Corporate Executives

Elected by the shareholders, the Avino Silver's board of directors comprises two types of representatives: Avino Silver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avino. The board's role is to monitor Avino Silver's management team and ensure that shareholders' interests are well served. Avino Silver's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Avino Silver's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nathan Harte	Chief Financial Officer	Profile
Jose Rodriguez	Chief Operating Officer	Profile
Jose Moreno	Chief Operating Officer	Profile

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