Atico Mining Correlations
| ATCMF Stock | USD 0.24 0.02 9.09% |
The correlation of Atico Mining 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.
Atico Mining Correlation With Market
Poor diversification
The correlation between Atico Mining and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Atico Mining and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Atico Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atico Mining 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 Atico Mining - 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 Atico Mining to buy it.
Moving together with Atico Pink Sheet
| 0.67 | ATCOL | Atlas Corp | PairCorr |
| 0.88 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.87 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.85 | MZHOF | Mizuho Financial | PairCorr |
| 0.76 | NTZ | Natuzzi SpA | PairCorr |
| 0.86 | CGECF | Cogeco Inc | PairCorr |
| 0.82 | NNBR | NN Inc | PairCorr |
| 0.71 | TATT | Tat Techno | PairCorr |
| 0.73 | GRBK | Green Brick Partners Earnings Call This Week | PairCorr |
| 0.88 | MTGRF | Mount Gibson Iron | PairCorr |
| 0.85 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.85 | CYD | China Yuchai Interna Earnings Call This Week | PairCorr |
| 0.85 | LAND | Gladstone Land Earnings Call This Week | PairCorr |
| 0.61 | GS | Goldman Sachs Group | PairCorr |
| 0.87 | YLLXF | Yellow Cake plc | PairCorr |
| 0.95 | SLSR | Solaris Resources | PairCorr |
| 0.9 | FRSB | First Resource Bank | PairCorr |
| 0.7 | MEGI | MainStay CBRE Global | PairCorr |
| 0.79 | MEEEF | Metal Energy Corp | PairCorr |
| 0.79 | INTC | Intel | PairCorr |
| 0.88 | BNEFF | Bonterra Energy Corp | PairCorr |
Moving against Atico Pink Sheet
| 0.85 | PBCRY | Bank Central Asia | PairCorr |
| 0.78 | GCMGW | GCM Grosvenor | PairCorr |
| 0.72 | ADVWW | Advantage Solutions | PairCorr |
| 0.71 | MAPSW | WM Technology | PairCorr |
| 0.38 | BAM | Brookfield Asset Man | PairCorr |
| 0.37 | PCTTW | PureCycle Technologies | PairCorr |
| 0.5 | AFIIQ | Armstrong Flooring | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Atico Pink Sheet performing well and Atico Mining 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 Atico Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BSHVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARIZF | 0.85 | 0.45 | 0.00 | (0.95) | 0.00 | 0.00 | 28.57 | |||
| ARDNF | 10.66 | 1.73 | 0.06 | (1.48) | 13.05 | 32.42 | 159.22 | |||
| SMREF | 4.67 | 0.22 | 0.05 | 0.17 | 5.77 | 10.78 | 51.55 | |||
| LIMFF | 4.54 | 1.33 | 0.00 | 0.98 | 0.00 | 0.00 | 207.27 | |||
| ANLBF | 3.92 | 1.52 | 0.00 | (3.58) | 0.00 | 14.71 | 66.00 | |||
| USREF | 1.95 | (0.33) | 0.00 | 9.16 | 0.00 | 4.73 | 16.99 | |||
| UREQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AGCCF | 32.89 | 14.34 | 0.00 | 1.63 | 0.00 | 66.67 | 483.33 | |||
| MNXXF | 4.76 | 0.30 | 0.03 | (2.56) | 5.48 | 10.53 | 30.33 |
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Our tools can tell you how much better you can do entering a position in Atico Mining 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.Did you try this?
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Atico Mining Corporate Management
| PEng Eng | President | Profile | |
| Igor Dutina | Corp Exec | Profile | |
| Joseph Salas | Exploration Mang | Profile | |
| Kim Casswell | Corporate Secretary | Profile | |
| Jorge BSc | VP Director | Profile |