Barrick Mining Correlations

B Stock

USD 46.65 1.26 2.63%

The current 90-days correlation between Barrick Mining and Freeport McMoran Copper Gold is 0.73 (i.e., Poor diversification). The correlation of Barrick Mining 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.

Barrick Mining Correlation With Market

Very poor diversification

The correlation between Barrick Mining and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrick Mining and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Barrick Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Barrick Stock refer to our How to Trade Barrick Stock guide.

Moving together with Barrick Stock

0.64	BP60	ALMA METALS LTD	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.92	AG	First Majestic Silver Earnings Call Tomorrow	Pair Corr
0.8	AP	Ampco Pittsburgh	Pair Corr
0.86	AU	AngloGold Ashanti plc Earnings Call This Week	Pair Corr
0.87	SRM	Seabridge Gold	Pair Corr
0.93	HL	Hecla Mining Earnings Call Today	Pair Corr
0.69	MT	ArcelorMittal SA ADR	Pair Corr
0.73	NG	NovaGold Resources	Pair Corr
0.91	OR	Osisko Gold Ro	Pair Corr
0.77	RS	Reliance Steel Aluminum Earnings Call Tomorrow	Pair Corr
0.85	WIA	WIA Gold	Pair Corr
0.89	SA	Seabridge Gold	Pair Corr
0.83	TX	Ternium SA ADR Earnings Call Today	Pair Corr
0.63	WS	Worthington Steel	Pair Corr
0.88	CUU	Copper Fox Metals	Pair Corr
0.8	VALE	Vale SA ADR	Pair Corr
0.68	ARI	Arika Resources	Pair Corr
0.7	AML	Abcourt Mines Earnings Call Today	Pair Corr
0.65	SRK	Strike Resources	Pair Corr
0.72	GCN	Goldcliff Resource Corp Earnings Call This Week	Pair Corr
0.73	LY1	Lion One Metals	Pair Corr
0.87	H6F	ARIZONA SONORAN PER	Pair Corr
0.78	DHR	Discovery Harbour Earnings Call This Week	Pair Corr
0.81	DV	Dolly Varden Silver	Pair Corr
0.89	P4Q	Perseus Mining Earnings Call Tomorrow	Pair Corr
0.87	ELY	Ely Gold Royalties	Pair Corr
0.91	WPM	Wheaton Precious Metals	Pair Corr
0.79	KTN	Kootenay Silver	Pair Corr
0.7	CVA	Cleveland Cliffs	Pair Corr

Moving against Barrick Stock

0.61	GML	Gateway Mining	Pair Corr
0.55	R8R	REGENER8 Resources	Pair Corr
0.34	FHS	Freehill Mining	Pair Corr
0.31	36G	GBM RESOURCES LTD	Pair Corr

Related Correlations Analysis

	FCX	WPM	APD	VALE	AU	GFI	KGC	AEM	FNV	CTVA
FCX		0.96	0.62	0.96	0.93	0.93	0.93	0.91	0.93	0.92	FCX
WPM	0.96		0.58	0.95	0.97	0.98	0.97	0.96	0.98	0.91	WPM
APD	0.62	0.58		0.72	0.67	0.6	0.53	0.66	0.58	0.78	APD
VALE	0.96	0.95	0.72		0.93	0.94	0.89	0.91	0.92	0.97	VALE
AU	0.93	0.97	0.67	0.93		0.97	0.96	0.98	0.97	0.91	AU
GFI	0.93	0.98	0.6	0.94	0.97		0.95	0.96	0.96	0.91	GFI
KGC	0.93	0.97	0.53	0.89	0.96	0.95		0.97	0.99	0.85	KGC
AEM	0.91	0.96	0.66	0.91	0.98	0.96	0.97		0.98	0.9	AEM
FNV	0.93	0.98	0.58	0.92	0.97	0.96	0.99	0.98		0.88	FNV
CTVA	0.92	0.91	0.78	0.97	0.91	0.91	0.85	0.9	0.88		CTVA
	FCX	WPM	APD	VALE	AU	GFI	KGC	AEM	FNV	CTVA

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

Risk-Adjusted Indicators

There is a big difference between Barrick Stock performing well and Barrick Mining 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 Barrick Mining'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
FCX	2.09	0.58	0.19	0.48	2.42	(2.18)	4.25	(4.27)	12.29
WPM	2.32	0.46	0.12	0.35	3.58	(2.32)	4.63	(5.51)	18.32
APD	1.31	0.07	0.03	0.13	2.11	(1.35)	2.58	(2.41)	11.95
VALE	1.78	0.45	0.18	0.57	1.96	(2.06)	4.50	(4.50)	12.92
AU	2.79	0.46	0.11	0.38	3.86	(2.81)	5.87	(6.72)	21.11
GFI	2.92	0.30	0.07	0.23	3.98	(3.03)	6.28	(6.36)	23.45
KGC	2.35	0.43	0.10	0.42	3.67	(2.31)	5.73	(5.25)	22.39
AEM	2.14	0.35	0.10	0.31	3.12	(2.06)	4.31	(5.41)	17.48
FNV	1.85	0.35	0.11	0.30	2.76	(1.90)	3.86	(4.44)	15.02
CTVA	0.96	0.18	0.12	0.31	1.07	(0.96)	2.24	(1.61)	7.27

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