Bell Copper Correlations

BCUFF Stock

USD 0.05 0 2.87%

The current 90-days correlation between Bell Copper and Tristar Gold is 0.06 (i.e., Significant diversification). The correlation of Bell Copper 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.

Bell Copper Correlation With Market

Poor diversification

The correlation between Bell Copper and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bell Copper and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bell OTC Stock

0.78	MBFJF	Mitsubishi UFJ Financial Downward Rally	Pair Corr
0.77	JPSTF	JAPAN POST BANK	Pair Corr
0.78	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.72	NTZ	Natuzzi SpA	Pair Corr
0.72	CGECF	Cogeco Inc	Pair Corr
0.83	NNBR	NN Inc	Pair Corr
0.74	GRBK	Green Brick Partners Earnings Call Next Week	Pair Corr
0.74	MTGRF	Mount Gibson Iron	Pair Corr
0.74	BLAGF	Blue Lagoon Resources	Pair Corr
0.86	CYD	China Yuchai Interna Earnings Call Next Week	Pair Corr
0.84	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.67	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.76	SLSR	Solaris Resources	Pair Corr
0.72	FRSB	First Resource Bank	Pair Corr
0.8	MEGI	MainStay CBRE Global Normal Trading	Pair Corr
0.64	MEEEF	Metal Energy Corp	Pair Corr
0.64	INTC	Intel	Pair Corr
0.71	BNEFF	Bonterra Energy Corp	Pair Corr

Moving against Bell OTC Stock

0.73	PBCRY	Bank Central Asia	Pair Corr
0.69	ADVWW	Advantage Solutions	Pair Corr
0.59	GCMGW	GCM Grosvenor	Pair Corr
0.52	MAPSW	WM Technology	Pair Corr
0.37	BAM	Brookfield Asset Man	Pair Corr
0.47	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	RGVNF	TSGZF	RCGCF	EQTRF	YGTFF	RDGMF	ENDGF	RGCCF
RGVNF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	RGVNF
TSGZF	0.0		0.91	-0.29	0.68	-0.43	0.74	0.67	TSGZF
RCGCF	0.0	0.91		-0.13	0.77	-0.31	0.8	0.62	RCGCF
EQTRF	0.0	-0.29	-0.13		-0.19	0.65	-0.39	-0.45	EQTRF
YGTFF	0.0	0.68	0.77	-0.19		-0.04	0.76	0.4	YGTFF
RDGMF	0.0	-0.43	-0.31	0.65	-0.04		-0.48	-0.62	RDGMF
ENDGF	0.0	0.74	0.8	-0.39	0.76	-0.48		0.75	ENDGF
RGCCF	0.0	0.67	0.62	-0.45	0.4	-0.62	0.75		RGCCF
	RGVNF	TSGZF	RCGCF	EQTRF	YGTFF	RDGMF	ENDGF	RGCCF

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

RCGCF	+ 0.91	TSGZF
ENDGF	+ 0.8	RCGCF
YGTFF	+ 0.77	RCGCF
ENDGF	+ 0.76	YGTFF
RGCCF	+ 0.75	ENDGF
ENDGF	+ 0.74	TSGZF

High negative correlations

RGCCF	- 0.62	RDGMF
ENDGF	- 0.48	RDGMF
RGCCF	- 0.45	EQTRF
RDGMF	- 0.43	TSGZF
ENDGF	- 0.39	EQTRF
RDGMF	- 0.31	RCGCF

Risk-Adjusted Indicators

There is a big difference between Bell OTC Stock performing well and Bell Copper 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 Bell Copper'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
RGVNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSGZF	4.72	1.11	0.12	0.89	4.59	(8.61)	9.09	(8.33)	31.93
RCGCF	4.45	1.29	0.19	0.70	3.91	(6.99)	11.37	(7.79)	37.19
EQTRF	3.35	(0.17)	0.00	(0.25)	0.00	0.00	7.14	(5.88)	26.32
YGTFF	5.96	1.43	0.19	0.87	4.42	(12.46)	22.91	(10.53)	62.50
RDGMF	3.89	0.06	0.01	0.09	4.76	(7.72)	11.11	(5.56)	40.97
ENDGF	6.05	1.62	0.20	4.97	4.67	(12.75)	18.18	(8.62)	63.74
RGCCF	3.68	0.26	0.04	(5.75)	3.82	(6.04)	9.09	(7.14)	23.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bell Copper 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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