Azucar Minerals Correlations

AXDDF Stock

USD 0.03 0.01 15.00%

The current 90-days correlation between Azucar Minerals and North Arrow Minerals is -0.19 (i.e., Good 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

Average diversification

The correlation between Azucar 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 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

0.71	PCTTW	PureCycle Technologies	Pair Corr
0.65	MAPSW	WM Technology	Pair Corr
0.64	MSFT	Microsoft	Pair Corr
0.68	HD	Home Depot	Pair Corr

Moving against Azucar OTC Stock

0.74	DD	Dupont De Nemours	Pair Corr
0.69	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.65	MRK	Merck Company	Pair Corr
0.56	MCD	McDonalds	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.5	AA	Alcoa Corp	Pair Corr
0.45	MMM	3M Company	Pair Corr
0.44	IBM	International Business	Pair Corr
0.4	BIMT	Bitmis Corp	Pair Corr
0.39	FCTI	Fact Inc	Pair Corr
0.38	JPM	JPMorgan Chase	Pair Corr
0.34	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.31	PNGM	Er Therapeutics	Pair Corr

Related Correlations Analysis

	PTNUF	NHAWF	HEXPF	GIDMF	GLHRF	CROOF	VIZNF	USHAF	SRGZ	ARBTF
PTNUF		-0.17	0.0	0.42	0.0	-0.44	0.0	-0.09	0.43	-0.16	PTNUF
NHAWF	-0.17		0.0	-0.48	0.0	0.3	0.0	-0.06	-0.14	0.08	NHAWF
HEXPF	0.0	0.0		0.0	1.0	0.0	-1.0	0.0	0.0	0.0	HEXPF
GIDMF	0.42	-0.48	0.0		0.0	-0.73	0.0	0.1	0.69	-0.26	GIDMF
GLHRF	0.0	0.0	1.0	0.0		0.0	-1.0	0.0	0.0	0.0	GLHRF
CROOF	-0.44	0.3	0.0	-0.73	0.0		0.0	0.07	-0.62	0.04	CROOF
VIZNF	0.0	0.0	-1.0	0.0	-1.0	0.0		0.0	0.0	0.0	VIZNF
USHAF	-0.09	-0.06	0.0	0.1	0.0	0.07	0.0		0.2	-0.33	USHAF
SRGZ	0.43	-0.14	0.0	0.69	0.0	-0.62	0.0	0.2		-0.15	SRGZ
ARBTF	-0.16	0.08	0.0	-0.26	0.0	0.04	0.0	-0.33	-0.15		ARBTF
	PTNUF	NHAWF	HEXPF	GIDMF	GLHRF	CROOF	VIZNF	USHAF	SRGZ	ARBTF

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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

GLHRF	+ 1.0	HEXPF
SRGZ	+ 0.69	GIDMF
SRGZ	+ 0.43	PTNUF
GIDMF	+ 0.42	PTNUF
CROOF	+ 0.3	NHAWF
SRGZ	+ 0.2	USHAF

High negative correlations

VIZNF	- 1.0	GLHRF
VIZNF	- 1.0	HEXPF
CROOF	- 0.73	GIDMF
SRGZ	- 0.62	CROOF
GIDMF	- 0.48	NHAWF
CROOF	- 0.44	PTNUF

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	14.06	4.67	0.00	0.39	0.00	0.00	0.00	0.00	483.21
NHAWF	8.71	1.83	0.06	0.62	10.00	(49.95)	12.50	(14.29)	160.33
HEXPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GIDMF	12.52	4.39	0.20	(0.61)	14.07	(14.83)	28.26	(16.36)	249.64
GLHRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CROOF	3.62	0.57	0.00	0.37	0.00	0.00	0.00	0.00	90.00
VIZNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USHAF	6.90	1.52	0.11	(0.63)	7.13	(13.30)	26.73	(17.60)	69.18
SRGZ	16.14	4.92	0.22	1.16	14.08	(28.16)	52.09	(30.00)	149.34
ARBTF	4.92	0.40	0.04	0.54	5.82	(10.60)	20.25	(12.08)	47.31

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.

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