Coeur Mining Correlations

CDE Stock

USD 22.42 1.48 7.07%

The current 90-days correlation between Coeur Mining and Hecla Mining is 0.86 (i.e., Very poor diversification). The correlation of Coeur Mining 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.

Coeur Mining Correlation With Market

Very poor diversification

The correlation between Coeur Mining and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coeur Mining and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Coeur Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coeur Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For information on how to trade Coeur Stock refer to our How to Trade Coeur Stock guide.

Moving together with Coeur Stock

0.93	B	Barrick Mining Symbol Change	Pair Corr
0.77	BP60	ALMA METALS LTD	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.98	AG	First Majestic Silver Earnings Call This Week	Pair Corr
0.84	AP	Ampco Pittsburgh	Pair Corr
0.95	AU	AngloGold Ashanti plc Earnings Call This Week	Pair Corr
0.82	SRM	Seabridge Gold	Pair Corr
0.97	HL	Hecla Mining Earnings Call This Week	Pair Corr
0.81	MT	ArcelorMittal SA ADR Sell-off Trend	Pair Corr
0.69	NG	NovaGold Resources	Pair Corr
0.98	OR	Osisko Gold Ro	Pair Corr
0.86	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.73	WIA	WIA Gold	Pair Corr
0.87	SA	Seabridge Gold	Pair Corr
0.9	TX	Ternium SA ADR	Pair Corr
0.73	WS	Worthington Steel	Pair Corr
0.86	CUU	Copper Fox Metals	Pair Corr
0.89	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.69	ARI	Arika Resources	Pair Corr
0.81	SRK	Strike Resources	Pair Corr
0.69	GCN	Goldcliff Resource Corp	Pair Corr
0.79	LY1	Lion One Metals	Pair Corr
0.88	H6F	ARIZONA SONORAN PER	Pair Corr
0.81	DHR	Discovery Harbour	Pair Corr
0.82	DV	Dolly Varden Silver	Pair Corr
0.92	P4Q	Perseus Mining Earnings Call This Week	Pair Corr
0.94	ELY	Ely Gold Royalties	Pair Corr
0.97	WPM	Wheaton Precious Metals	Pair Corr
0.67	KTN	Kootenay Silver	Pair Corr
0.68	CVA	Cleveland Cliffs	Pair Corr

Moving against Coeur Stock

0.72	R8R	REGENER8 Resources	Pair Corr
0.55	GML	Gateway Mining	Pair Corr
0.46	FHS	Freehill Mining	Pair Corr

Related Correlations Analysis

	HL	HMY	RGLD	EQX	AA	IAG	SBSW	NGD	AGI	ICL
HL		0.91	0.94	0.86	0.87	0.87	0.94	0.97	0.82	0.17	HL
HMY	0.91		0.88	0.92	0.81	0.85	0.93	0.9	0.85	0.05	HMY
RGLD	0.94	0.88		0.9	0.9	0.97	0.97	0.98	0.88	0.28	RGLD
EQX	0.86	0.92	0.9		0.78	0.94	0.9	0.91	0.91	0.16	EQX
AA	0.87	0.81	0.9	0.78		0.84	0.9	0.87	0.88	0.34	AA
IAG	0.87	0.85	0.97	0.94	0.84		0.93	0.95	0.91	0.3	IAG
SBSW	0.94	0.93	0.97	0.9	0.9	0.93		0.97	0.87	0.27	SBSW
NGD	0.97	0.9	0.98	0.91	0.87	0.95	0.97		0.88	0.3	NGD
AGI	0.82	0.85	0.88	0.91	0.88	0.91	0.87	0.88		0.29	AGI
ICL	0.17	0.05	0.28	0.16	0.34	0.3	0.27	0.3	0.29		ICL
	HL	HMY	RGLD	EQX	AA	IAG	SBSW	NGD	AGI	ICL

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Risk-Adjusted Indicators

There is a big difference between Coeur Stock performing well and Coeur Mining 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 Coeur Mining'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
HL	4.25	0.58	0.13	0.27	4.75	(4.62)	8.77	(6.60)	27.31
HMY	2.98	0.23	0.06	0.17	4.28	(3.01)	6.49	(8.23)	20.68
RGLD	1.88	0.61	0.21	0.53	2.26	(2.03)	4.79	(3.43)	16.40
EQX	2.96	0.39	0.09	0.39	3.96	(3.10)	6.78	(6.48)	20.51
AA	2.83	0.60	0.22	0.38	2.61	(3.44)	6.40	(5.20)	14.98
IAG	3.07	0.75	0.16	0.64	3.85	(3.17)	7.53	(6.42)	28.42
SBSW	3.32	0.61	0.13	0.39	4.55	(3.77)	7.16	(8.71)	24.48
NGD	3.51	0.59	0.16	0.26	3.86	(4.02)	7.57	(5.50)	29.39
AGI	2.60	0.48	0.12	0.41	3.58	(2.62)	6.22	(6.26)	18.61
ICL	1.33	0.01	(0.01)	0.12	1.93	(1.41)	3.07	(3.58)	8.69

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