ExGen Resources Correlations

BXXRF Stock

USD 0.09 0.03 41.61%

The current 90-days correlation between ExGen Resources and Riley Gold Corp is 0.09 (i.e., Significant diversification). The correlation of ExGen Resources 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.

ExGen Resources Correlation With Market

Significant diversification

The correlation between ExGen Resources and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ExGen Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ExGen Pink Sheet

0.66

BASE

Couchbase

Pair Corr

Moving against ExGen Pink Sheet

0.6	ANGPY	Valterra Platinum	Pair Corr
0.58	AGPPF	Anglo American Platinum	Pair Corr
0.57	IMPUY	Impala Platinum Holdings	Pair Corr
0.56	IMPUF	Impala Platinum Holdings Upward Rally	Pair Corr
0.54	BVN	Compania de Minas	Pair Corr
0.54	FNLPF	Fresnillo PLC	Pair Corr
0.35	TFPM	Triple Flag Precious	Pair Corr
0.34	EXK	Endeavour Silver Corp Aggressive Push	Pair Corr
0.68	SPOI	SPO Networks	Pair Corr
0.58	ALVLF	Big Ridge Gold	Pair Corr
0.5	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.45	CM	Canadian Imperial Bank	Pair Corr
0.52	GPAEF	Grupo Aeroportuario del	Pair Corr
0.48	SHUFF	Shufersal Trending	Pair Corr
0.47	DC	Dakota Gold Corp	Pair Corr
0.45	TORO	Toro	Pair Corr
0.37	LMND	Lemonade	Pair Corr
0.32	CURLF	Curaleaf Holdings	Pair Corr

Related Correlations Analysis

	PEXZF	RLYGF	ENDMF	XTRRF	MAGE	MMMRF	BDGCF	FPVTF	TSDRF	BELDF
PEXZF		-0.1	0.47	-0.62	0.28	-0.3	0.0	0.0	-0.18	0.25	PEXZF
RLYGF	-0.1		-0.53	0.18	0.11	0.01	0.0	0.0	-0.17	0.24	RLYGF
ENDMF	0.47	-0.53		-0.32	0.19	-0.38	0.0	0.0	-0.2	-0.03	ENDMF
XTRRF	-0.62	0.18	-0.32		-0.1	0.16	0.0	0.0	-0.06	-0.27	XTRRF
MAGE	0.28	0.11	0.19	-0.1		-0.13	0.0	0.0	-0.5	0.21	MAGE
MMMRF	-0.3	0.01	-0.38	0.16	-0.13		0.0	0.0	0.18	0.0	MMMRF
BDGCF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BDGCF
FPVTF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FPVTF
TSDRF	-0.18	-0.17	-0.2	-0.06	-0.5	0.18	0.0	0.0		-0.03	TSDRF
BELDF	0.25	0.24	-0.03	-0.27	0.21	0.0	0.0	0.0	-0.03		BELDF
	PEXZF	RLYGF	ENDMF	XTRRF	MAGE	MMMRF	BDGCF	FPVTF	TSDRF	BELDF

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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

ENDMF	+ 0.47	PEXZF
MAGE	+ 0.28	PEXZF
BELDF	+ 0.25	PEXZF
BELDF	+ 0.24	RLYGF
BELDF	+ 0.21	MAGE
MAGE	+ 0.19	ENDMF

High negative correlations

XTRRF	- 0.62	PEXZF
ENDMF	- 0.53	RLYGF
TSDRF	- 0.5	MAGE
MMMRF	- 0.38	ENDMF
XTRRF	- 0.32	ENDMF
MMMRF	- 0.3	PEXZF

Risk-Adjusted Indicators

There is a big difference between ExGen Pink Sheet performing well and ExGen Resources 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 ExGen Resources' 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
PEXZF	5.49	0.25	0.04	0.33	5.15	(9.88)	13.33	(9.52)	30.53
RLYGF	1.55	0.40	0.00	(0.33)	0.00	0.00	6.67	(5.88)	24.01
ENDMF	1.60	0.00	0.00	0.08	2.58	(8.84)	9.09	(8.33)	17.42
XTRRF	41.82	20.64	0.00	(2.33)	0.00	0.00	0.00	0.00	1,406
MAGE	8.67	2.01	0.12	(0.42)	7.83	(20.79)	31.58	(15.38)	72.59
MMMRF	26.08	9.35	0.00	1.68	0.00	0.00	0.00	(1.52)	833.79
BDGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPVTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSDRF	1.77	(0.37)	0.00	0.97	0.00	0.00	0.00	(10.00)	32.50
BELDF	29.40	11.05	0.19	(0.96)	20.93	(91.11)	133.33	(50.00)	280.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in ExGen Resources 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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