Azucar Minerals Correlations

AXDDF Stock

USD 0.05 0 6.00%

The current 90-days correlation between Azucar Minerals and North Arrow Minerals is 0.03 (i.e., Significant diversification). The correlation of Azucar Minerals 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.

Azucar Minerals Correlation With Market

Very weak diversification

The correlation between Azucar Minerals and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azucar Minerals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Azucar OTC Stock

0.68	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.73	JPSTF	JAPAN POST BANK	Pair Corr
0.64	MZHOF	Mizuho Financial	Pair Corr
0.64	NTZ	Natuzzi SpA	Pair Corr
0.73	CGECF	Cogeco Inc	Pair Corr
0.62	NNBR	NN Inc	Pair Corr
0.75	MTGRF	Mount Gibson Iron	Pair Corr
0.66	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.67	LAND	Gladstone Land Earnings Call Tomorrow	Pair Corr
0.66	YLLXF	Yellow Cake plc	Pair Corr
0.76	SLSR	Solaris Resources	Pair Corr
0.69	FRSB	First Resource Bank	Pair Corr
0.75	INTC	Intel	Pair Corr
0.68	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Azucar OTC Stock

0.68	PBCRY	Bank Central Asia	Pair Corr
0.55	MAPSW	WM Technology	Pair Corr
0.55	GCMGW	GCM Grosvenor	Pair Corr
0.54	ADVWW	Advantage Solutions	Pair Corr
0.33	BAM	Brookfield Asset Man	Pair Corr
0.33	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	PTNUF	NHAWF	HEXPF	GIDMF	GLHRF	CROOF	VIZNF	USHAF	SRGZ	ARBTF
PTNUF		0.23	0.0	0.53	0.0	0.0	0.0	0.37	0.63	0.41	PTNUF
NHAWF	0.23		0.0	0.58	0.0	0.29	0.0	0.5	0.56	0.69	NHAWF
HEXPF	0.0	0.0		0.0	1.0	0.0	-1.0	0.0	0.0	0.0	HEXPF
GIDMF	0.53	0.58	0.0		0.0	0.2	0.0	0.66	0.59	0.63	GIDMF
GLHRF	0.0	0.0	1.0	0.0		0.0	-1.0	0.0	0.0	0.0	GLHRF
CROOF	0.0	0.29	0.0	0.2	0.0		0.0	0.19	0.27	0.24	CROOF
VIZNF	0.0	0.0	-1.0	0.0	-1.0	0.0		0.0	0.0	0.0	VIZNF
USHAF	0.37	0.5	0.0	0.66	0.0	0.19	0.0		0.77	0.77	USHAF
SRGZ	0.63	0.56	0.0	0.59	0.0	0.27	0.0	0.77		0.86	SRGZ
ARBTF	0.41	0.69	0.0	0.63	0.0	0.24	0.0	0.77	0.86		ARBTF
	PTNUF	NHAWF	HEXPF	GIDMF	GLHRF	CROOF	VIZNF	USHAF	SRGZ	ARBTF

Please upgrade your account to get full access to Macroaxis premium features

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

GLHRF	+ 1.0	HEXPF
ARBTF	+ 0.86	SRGZ
SRGZ	+ 0.77	USHAF
ARBTF	+ 0.77	USHAF
ARBTF	+ 0.69	NHAWF
USHAF	+ 0.66	GIDMF

High negative correlations

VIZNF	- 1.0	GLHRF
VIZNF	- 1.0	HEXPF
ARBTF	- 0.0	VIZNF
SRGZ	- 0.0	VIZNF
USHAF	- 0.0	VIZNF
VIZNF	- 0.0	CROOF

Risk-Adjusted Indicators

There is a big difference between Azucar OTC Stock performing well and Azucar Minerals OTC Stock 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 Azucar 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
PTNUF	14.70	6.82	0.00	(1.46)	0.00	0.00	19.05	0.00	483.21
NHAWF	20.61	8.10	0.24	0.84	9.83	(178.77)	8.33	(12.50)	745.23
HEXPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GIDMF	4.61	0.41	0.03	(0.40)	7.73	(4.36)	9.47	(11.93)	32.36
GLHRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CROOF	42.77	18.33	0.00	0.82	0.00	0.00	33.33	(20.00)	1,423
VIZNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USHAF	5.44	1.03	0.08	(1.64)	6.18	(10.95)	19.08	(13.43)	49.46
SRGZ	11.71	4.08	0.23	(1.06)	10.54	(19.74)	33.14	(16.77)	134.40
ARBTF	6.03	1.57	0.18	(0.81)	4.84	(11.29)	20.25	(9.85)	44.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Azucar Minerals 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?

Run Price Transformation Now

Price Transformation

Use Price Transformation models to analyze the depth of different equity instruments across global markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC