Brightrock Gold Correlations

BRGC Stock

USD 0.1 0.01 6.06%

The current 90-days correlation between Brightrock Gold Corp and Platinum Group Metals is 0.12 (i.e., Average diversification). The correlation of Brightrock Gold 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.

Brightrock Gold Correlation With Market

Good diversification

The correlation between Brightrock Gold Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brightrock Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Brightrock Pink Sheet

0.62

AGPPF

Anglo American Platinum Earnings Call This Week

Pair Corr

Moving against Brightrock Pink Sheet

0.31	V	Visa Class A	Pair Corr
0.43	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.37	BA	Boeing	Pair Corr
0.34	MCD	McDonalds Earnings Call Tomorrow	Pair Corr
0.34	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BYRG	GGSM	MXSG	RITE	SDRC	PLG	PPTA	DDNFF	CRTIF	ASDZF
BYRG		0.02	-0.03	0.45	0.04	-0.03	-0.12	0.07	0.44	0.34	BYRG
GGSM	0.02		0.24	-0.14	0.0	0.22	-0.17	0.31	0.2	-0.02	GGSM
MXSG	-0.03	0.24		-0.21	0.14	0.6	-0.22	0.37	-0.05	-0.02	MXSG
RITE	0.45	-0.14	-0.21		-0.64	-0.49	0.4	-0.38	0.6	0.38	RITE
SDRC	0.04	0.0	0.14	-0.64		0.47	-0.43	0.4	-0.4	0.06	SDRC
PLG	-0.03	0.22	0.6	-0.49	0.47		-0.68	0.5	-0.03	0.11	PLG
PPTA	-0.12	-0.17	-0.22	0.4	-0.43	-0.68		-0.27	-0.14	-0.19	PPTA
DDNFF	0.07	0.31	0.37	-0.38	0.4	0.5	-0.27		-0.23	0.18	DDNFF
CRTIF	0.44	0.2	-0.05	0.6	-0.4	-0.03	-0.14	-0.23		0.45	CRTIF
ASDZF	0.34	-0.02	-0.02	0.38	0.06	0.11	-0.19	0.18	0.45		ASDZF
	BYRG	GGSM	MXSG	RITE	SDRC	PLG	PPTA	DDNFF	CRTIF	ASDZF

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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

PLG	+ 0.6	MXSG
CRTIF	+ 0.6	RITE
DDNFF	+ 0.5	PLG
PLG	+ 0.47	SDRC
RITE	+ 0.45	BYRG
ASDZF	+ 0.45	CRTIF

High negative correlations

PPTA	- 0.68	PLG
SDRC	- 0.64	RITE
PLG	- 0.49	RITE
PPTA	- 0.43	SDRC
CRTIF	- 0.4	SDRC
DDNFF	- 0.38	RITE

Risk-Adjusted Indicators

There is a big difference between Brightrock Pink Sheet performing well and Brightrock Gold 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 Brightrock Gold'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
BYRG	6.91	0.88	0.09	1.83	6.52	(10.84)	15.38	(12.50)	40.72
GGSM	7.33	0.27	0.02	0.25	8.60	(22.38)	16.67	(14.29)	74.29
MXSG	2.79	(1.52)	0.00	(1.01)	0.00	0.00	0.00	0.00	93.33
RITE	11.84	3.45	0.22	(10.57)	8.81	(22.97)	33.33	(16.67)	72.22
SDRC	4.03	1.50	0.00	(1.62)	0.00	0.00	14.29	(7.69)	15.38
PLG	3.65	(0.74)	0.00	(1.14)	0.00	0.00	9.30	(6.90)	19.16
PPTA	3.78	0.46	0.07	(1.98)	4.98	(3.80)	7.40	(9.38)	30.66
DDNFF	3.03	(0.05)	0.00	(0.02)	0.00	0.00	0.00	0.00	83.33
CRTIF	5.79	0.96	0.04	1.11	8.69	(18.34)	20.71	(11.11)	85.59
ASDZF	4.90	0.69	0.04	1.33	6.12	(23.83)	18.09	(19.10)	60.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brightrock Gold 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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Brightrock Gold Corporate Management

Mac Shahsavar	Chairman Officer	Profile
Chris Ellom	Head Ghana	Profile
Karen Diamond	S Director	Profile
Robert Kirkcaldy	Pres Officer	Profile

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