Campbell Resources Correlations

Summary

The correlation of Campbell 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.

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Moving together with Campbell Stock

0.66	GORO	Gold Resource	Pair Corr
0.66	NFGC	New Found Gold	Pair Corr

Moving against Campbell Stock

0.77	OR	Osisko Gold Ro	Pair Corr
0.74	CNL	Collective Mining	Pair Corr
0.68	DRD	DRDGOLD Limited ADR	Pair Corr
0.49	GAU	Galiano Gold	Pair Corr
0.46	AEM	Agnico Eagle Mines	Pair Corr
0.42	FSM	Fortuna Silver Mines	Pair Corr
0.34	FNV	Franco Nevada	Pair Corr
0.81	NVA	Nova Minerals Limited	Pair Corr
0.68	KGC	Kinross Gold Aggressive Push	Pair Corr
0.56	WPM	Wheaton Precious Metals	Pair Corr
0.53	IAG	IAMGold	Pair Corr
0.34	HMY	Harmony Gold Mining	Pair Corr
0.88	AUST	Austin Gold Corp	Pair Corr
0.73	RGLD	Royal Gold	Pair Corr
0.71	PAAS	Pan American Silver	Pair Corr
0.67	ORLA	Orla Mining	Pair Corr

Related Correlations Analysis

	MRTMF	GPTRF	RDEMF	FLOD	AIVN	TORCF	GUYGF	WGLIF	VITFF	RYES
MRTMF		0.48	0.0	-0.58	0.0	0.33	0.74	0.66	0.0	-0.32	MRTMF
GPTRF	0.48		0.0	-0.38	0.0	-0.25	0.66	0.29	0.0	0.07	GPTRF
RDEMF	0.0	0.0		0.0	-1.0	0.0	0.0	0.0	1.0	0.0	RDEMF
FLOD	-0.58	-0.38	0.0		0.0	-0.33	-0.68	-0.62	0.0	0.17	FLOD
AIVN	0.0	0.0	-1.0	0.0		0.0	0.0	0.0	-1.0	0.0	AIVN
TORCF	0.33	-0.25	0.0	-0.33	0.0		0.27	0.41	0.0	-0.64	TORCF
GUYGF	0.74	0.66	0.0	-0.68	0.0	0.27		0.66	0.0	-0.27	GUYGF
WGLIF	0.66	0.29	0.0	-0.62	0.0	0.41	0.66		0.0	-0.23	WGLIF
VITFF	0.0	0.0	1.0	0.0	-1.0	0.0	0.0	0.0		0.0	VITFF
RYES	-0.32	0.07	0.0	0.17	0.0	-0.64	-0.27	-0.23	0.0		RYES
	MRTMF	GPTRF	RDEMF	FLOD	AIVN	TORCF	GUYGF	WGLIF	VITFF	RYES

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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

VITFF	+ 1.0	RDEMF
GUYGF	+ 0.74	MRTMF
WGLIF	+ 0.66	MRTMF
GUYGF	+ 0.66	GPTRF
WGLIF	+ 0.66	GUYGF
GPTRF	+ 0.48	MRTMF

High negative correlations

VITFF	- 1.0	AIVN
AIVN	- 1.0	RDEMF
GUYGF	- 0.68	FLOD
RYES	- 0.64	TORCF
WGLIF	- 0.62	FLOD
FLOD	- 0.58	MRTMF

Risk-Adjusted Indicators

There is a big difference between Campbell Stock performing well and Campbell 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 Campbell 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
MRTMF	12.15	2.54	0.11	(0.91)	12.01	(24.52)	37.14	(25.71)	130.00
GPTRF	5.17	0.15	0.01	1.72	5.28	(9.16)	12.50	(10.53)	44.08
RDEMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLOD	0.85	(0.34)	0.00	1.99	0.00	0.00	0.00	0.00	33.57
AIVN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TORCF	5.23	2.34	0.00	(0.64)	0.00	0.00	0.00	0.00	144.22
GUYGF	3.17	0.49	0.11	1.40	3.49	(3.92)	8.97	(5.29)	25.58
WGLIF	7.67	1.16	0.09	(0.46)	8.16	(11.05)	25.19	(16.01)	62.48
VITFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RYES	9.31	0.00	0.01	0.12	10.70	(18.32)	29.41	(23.53)	83.85

Campbell Resources Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Campbell Resources stock to make a market-neutral strategy. Peer analysis of Campbell Resources could also be used in its relative valuation, which is a method of valuing Campbell Resources by comparing valuation metrics with similar companies.

Maritime Resources Corp Grande Portage Resources Red Eagle Mining Flowery Gold Mines American International Ventures TinOne Resources G2 Goldfields Westward Gold Victoria Gold Corp Rise Gold Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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Still Interested in Campbell Resources?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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