Aurelia Metals Correlations

AUMTF Stock

USD 0.12 0.00 0.00%

The correlation of Aurelia Metals 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.

Aurelia Metals Correlation With Market

Good diversification

The correlation between Aurelia Metals Limited and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aurelia Metals Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Aurelia Pink Sheet

0.71	SMFG	Sumitomo Mitsui Financial Sell-off Trend	Pair Corr
0.64	MZHOF	Mizuho Financial Earnings Call Today	Pair Corr
0.61	MFG	Mizuho Financial Earnings Call Today	Pair Corr
0.52	MUFG	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.48	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.44	DNOW	Now Inc	Pair Corr
0.43	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.71	WMT	Walmart Aggressive Push	Pair Corr
0.69	IBM	International Business Upward Rally	Pair Corr
0.64	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.57	MSFT	Microsoft Downward Rally	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.54	HD	Home Depot	Pair Corr
0.51	BAC	Bank of America Sell-off Trend	Pair Corr
0.5	AXP	American Express	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr
0.35	PG	Procter Gamble	Pair Corr
0.35	BA	Boeing	Pair Corr

Related Correlations Analysis

	CBRSF	APCDF	BRYGF	CTTZF	EDDYF	CREQF	BBBMF	ADTLF	AHELF	ASHXF
CBRSF		0.43	0.0	0.74	0.54	-0.35	0.74	0.63	0.18	-0.57	CBRSF
APCDF	0.43		0.0	0.17	0.33	-0.03	0.53	0.28	-0.52	-0.49	APCDF
BRYGF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BRYGF
CTTZF	0.74	0.17	0.0		0.44	-0.5	0.81	0.73	0.22	-0.57	CTTZF
EDDYF	0.54	0.33	0.0	0.44		-0.05	0.52	0.48	0.19	-0.53	EDDYF
CREQF	-0.35	-0.03	0.0	-0.5	-0.05		-0.26	-0.45	-0.21	0.18	CREQF
BBBMF	0.74	0.53	0.0	0.81	0.52	-0.26		0.63	-0.04	-0.82	BBBMF
ADTLF	0.63	0.28	0.0	0.73	0.48	-0.45	0.63		0.13	-0.42	ADTLF
AHELF	0.18	-0.52	0.0	0.22	0.19	-0.21	-0.04	0.13		0.06	AHELF
ASHXF	-0.57	-0.49	0.0	-0.57	-0.53	0.18	-0.82	-0.42	0.06		ASHXF
	CBRSF	APCDF	BRYGF	CTTZF	EDDYF	CREQF	BBBMF	ADTLF	AHELF	ASHXF

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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

BBBMF	+ 0.81	CTTZF
CTTZF	+ 0.74	CBRSF
BBBMF	+ 0.74	CBRSF
ADTLF	+ 0.73	CTTZF
ADTLF	+ 0.63	CBRSF
ADTLF	+ 0.63	BBBMF

High negative correlations

ASHXF	- 0.82	BBBMF
ASHXF	- 0.57	CTTZF
ASHXF	- 0.57	CBRSF
ASHXF	- 0.53	EDDYF
AHELF	- 0.52	APCDF
CREQF	- 0.5	CTTZF

Risk-Adjusted Indicators

There is a big difference between Aurelia Pink Sheet performing well and Aurelia Metals 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 Aurelia Metals' 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
CBRSF	9.58	1.99	0.00	(3.16)	0.00	0.00	0.00	(33.33)	325.00
APCDF	1.38	(0.13)	0.00	0.35	0.00	0.00	0.00	0.00	45.71
BRYGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CTTZF	3.68	(0.10)	0.00	(0.08)	0.00	0.00	7.69	(7.69)	19.17
EDDYF	3.16	(0.12)	0.00	0.32	0.00	0.00	8.53	(12.41)	45.30
CREQF	7.83	1.99	0.07	4.41	8.37	(30.75)	25.00	(16.67)	80.00
BBBMF	4.05	0.08	0.00	0.15	0.00	0.00	0.00	(7.69)	104.17
ADTLF	1.30	(0.06)	0.00	0.54	0.00	0.00	4.80	(4.94)	14.94
AHELF	0.30	0.02	0.00	(0.02)	0.00	0.00	0.00	0.00	19.09
ASHXF	2.17	0.44	0.00	(0.83)	0.00	0.00	7.69	(7.14)	45.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aurelia Metals 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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