Golden Minerals Correlations
| AUMN Stock | USD 0.27 0.01 3.57% |
The current 90-days correlation between Golden Minerals and Arctic Star Exploration is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Golden Minerals Correlation With Market
Average diversification
The correlation between Golden Minerals and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Minerals and DJI in the same portfolio, assuming nothing else is changed.
Golden |
Moving together with Golden Stock
| 0.62 | PLG | Platinum Group Metals | PairCorr |
| 0.73 | ITRG | Integra Resources Corp | PairCorr |
| 0.62 | IE | Ivanhoe Electric | PairCorr |
Moving against Golden Stock
| 0.43 | CX | Cemex SAB de Sell-off Trend | PairCorr |
| 0.45 | NORNQ | Noranda Aluminum Holding | PairCorr |
| 0.35 | HYMCW | Hycroft Mining Holding | PairCorr |
| 0.34 | NG | NovaGold Resources | PairCorr |
| 0.34 | ELBM | Electra Battery Materials | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Golden Stock performing well and Golden Minerals 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 Golden Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSVRF | 3.41 | (0.50) | 0.00 | (0.61) | 0.00 | 6.90 | 18.00 | |||
| GLGDF | 3.17 | (0.04) | (0.02) | 0.06 | 3.22 | 8.14 | 19.37 | |||
| SCTSF | 43.57 | 18.74 | 0.54 | (59.13) | 18.83 | 27.27 | 591.45 | |||
| BBBXF | 2.96 | (0.72) | 0.00 | 1.54 | 0.00 | 5.71 | 16.87 | |||
| FBCPF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EXK | 3.30 | 0.40 | 0.09 | 1.20 | 3.18 | 7.74 | 21.38 | |||
| SILV | 2.95 | 0.23 | 0.06 | 0.45 | 3.00 | 8.37 | 16.03 | |||
| HL | 2.41 | (0.24) | 0.00 | (0.18) | 0.00 | 5.92 | 14.22 | |||
| PLG | 3.91 | 0.33 | 0.07 | 0.69 | 3.89 | 10.66 | 25.39 |
Golden Minerals Corporate Executives
Elected by the shareholders, the Golden Minerals' board of directors comprises two types of representatives: Golden Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Golden. The board's role is to monitor Golden Minerals' management team and ensure that shareholders' interests are well served. Golden Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Golden Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.