Black Iron Correlations
| BKIRF Stock | USD 0.06 0 1.61% |
The current 90-days correlation between Black Iron and Ascendant Resources is 0.04 (i.e., Significant diversification). The correlation of Black Iron 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.
Black Iron Correlation With Market
Very weak diversification
The correlation between Black Iron and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Iron and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Black Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Black Iron 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 Black Iron - 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 Black Iron to buy it.
Moving together with Black Pink Sheet
| 0.92 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.63 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.85 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.73 | SMFNF | Sumitomo Mitsui Financial | PairCorr |
| 0.87 | MFG | Mizuho Financial | PairCorr |
| 0.62 | MZHOF | Mizuho Financial | PairCorr |
| 0.9 | JPHLF | Japan Post Holdings | PairCorr |
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.73 | WMT | Walmart Aggressive Push | PairCorr |
| 0.88 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | DIS | Walt Disney Aggressive Push | PairCorr |
Moving against Black Pink Sheet
| 0.65 | GOEVW | Canoo Holdings | PairCorr |
| 0.6 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.58 | SHG | Shinhan Financial | PairCorr |
| 0.32 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.88 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.75 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.57 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Black Pink Sheet performing well and Black Iron 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 Black Iron'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASDRF | 6.77 | 0.90 | 0.03 | 1.75 | 9.05 | 33.33 | 83.33 | |||
| CTXDF | 2.04 | (0.44) | 0.00 | (0.86) | 0.00 | 3.18 | 44.15 | |||
| AXREF | 4.08 | 0.73 | 0.06 | (2.01) | 4.35 | 10.00 | 32.47 | |||
| SAGGF | 6.25 | (0.33) | 0.00 | 0.38 | 0.00 | 13.25 | 56.45 | |||
| AAGFF | 4.89 | 0.29 | 0.06 | 0.29 | 4.85 | 10.26 | 26.99 | |||
| CBRSF | 5.03 | 2.52 | 0.00 | (0.53) | 0.00 | 0.00 | 183.33 | |||
| AUMTF | 0.60 | 0.05 | 0.00 | (0.34) | 0.00 | 0.00 | 36.67 | |||
| BRYGF | 1.66 | (0.08) | 0.00 | (0.06) | 0.00 | 0.00 | 42.00 | |||
| EDDYF | 5.19 | 0.05 | 0.00 | 0.16 | 8.19 | 31.94 | 87.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Black Iron 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?
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Black Iron Corporate Management
| Kenny Choi | Co Sec | Profile | |
| CEng DIC | Ex Officer | Profile | |
| PEng MBA | CEO Director | Profile | |
| Stefan Gueorguiev | Chief Officer | Profile | |
| MBA CA | Chief Officer | Profile | |
| William Hart | Sr Devel | Profile |