1911 Gold Correlations

AUMBF Stock

USD 0.10 0.01 9.09%

The current 90-days correlation between 1911 Gold Corp and Big Ridge Gold is -0.17 (i.e., Good diversification). The correlation of 1911 Gold 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.

1911 Gold Correlation With Market

Significant diversification

The correlation between 1911 Gold Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1911 Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 1911 Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1911 Gold 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 1911 Gold - 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 1911 Gold Corp to buy it.

Moving together with 1911 Pink Sheet

0.69	NEM	Newmont Goldcorp Corp	Pair Corr
0.68	ZIJMY	Zijin Mining Group	Pair Corr
0.66	ZIJMF	Zijin Mining Group	Pair Corr
0.7	GOLD	Barrick Gold Corp Sell-off Trend	Pair Corr
0.7	PKX	POSCO Holdings	Pair Corr
0.66	SWZNF	Schweizerische Nationalbank	Pair Corr
0.62	HYMTF	Hyundai Motor Earnings Call Tomorrow	Pair Corr
0.63	KB	KB Financial Group	Pair Corr

Moving against 1911 Pink Sheet

0.68	EXEEW	Expand Energy Symbol Change	Pair Corr
0.65	DUOL	Duolingo	Pair Corr
0.62	LNG	Cheniere Energy	Pair Corr
0.6	FTNT	Fortinet	Pair Corr
0.6	MGNI	Magnite	Pair Corr
0.59	OPFI	OppFi Inc Buyout Trend	Pair Corr
0.52	XPO	XPO Logistics	Pair Corr
0.48	17298CHT8	US17298CHT80	Pair Corr
0.45	SCWX	Secureworks Corp	Pair Corr
0.45	MITQ	Moving iMage Technologies	Pair Corr
0.42	TRGP	Targa Resources	Pair Corr

Related Correlations Analysis

	AGDXF	ASGOF	ANTMF	AUXXF	ALVLF	ARBTF	BAUFF	ANKOF	ADGCF	AUHIF
AGDXF		0.55	0.69	0.27	0.31	-0.64	0.36	0.02	0.0	0.0	AGDXF
ASGOF	0.55		0.27	0.87	0.7	-0.08	0.6	0.49	0.0	0.0	ASGOF
ANTMF	0.69	0.27		0.17	0.01	-0.63	0.21	-0.08	0.0	0.0	ANTMF
AUXXF	0.27	0.87	0.17		0.62	-0.02	0.63	0.57	0.0	0.0	AUXXF
ALVLF	0.31	0.7	0.01	0.62		0.03	0.53	0.48	0.0	0.0	ALVLF
ARBTF	-0.64	-0.08	-0.63	-0.02	0.03		-0.15	0.16	0.0	0.0	ARBTF
BAUFF	0.36	0.6	0.21	0.63	0.53	-0.15		0.37	0.0	0.0	BAUFF
ANKOF	0.02	0.49	-0.08	0.57	0.48	0.16	0.37		0.0	0.0	ANKOF
ADGCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		1.0	ADGCF
AUHIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0		AUHIF
	AGDXF	ASGOF	ANTMF	AUXXF	ALVLF	ARBTF	BAUFF	ANKOF	ADGCF	AUHIF

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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

AUHIF	+ 1.0	ADGCF
AUXXF	+ 0.87	ASGOF
ALVLF	+ 0.7	ASGOF
ANTMF	+ 0.69	AGDXF
BAUFF	+ 0.63	AUXXF
ALVLF	+ 0.62	AUXXF

High negative correlations

ARBTF	- 0.64	AGDXF
ARBTF	- 0.63	ANTMF
BAUFF	- 0.15	ARBTF
ANKOF	- 0.08	ANTMF
ARBTF	- 0.08	ASGOF
ARBTF	- 0.02	AUXXF

Risk-Adjusted Indicators

There is a big difference between 1911 Pink Sheet performing well and 1911 Gold 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 1911 Gold'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
AGDXF	12.23	3.50	0.00	5.00	0.00	0.00	0.00	0.00	253.33
ASGOF	1.17	(0.60)	0.00	11.20	0.00	0.00	0.00	(5.56)	11.34
ANTMF	12.05	3.90	0.00	(0.54)	0.00	0.00	53.33	(26.67)	178.03
AUXXF	5.03	(0.40)	0.00	(1.03)	0.00	0.00	9.09	(10.00)	31.40
ALVLF	4.16	0.05	0.00	0.07	6.07	(15.34)	16.67	(14.29)	41.67
ARBTF	2.77	0.21	0.03	0.69	3.32	(13.30)	6.26	(8.42)	41.88
BAUFF	1.03	(0.07)	0.00	1.47	0.00	0.00	0.00	0.00	33.52
ANKOF	4.02	0.33	0.03	(0.38)	5.30	(8.12)	11.79	(12.88)	55.76
ADGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUHIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Our tools can tell you how much better you can do entering a position in 1911 Gold 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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