Centamin PLC Correlations
| CEE Stock | CAD 2.48 0.10 3.88% |
The current 90-days correlation between Centamin PLC and Aura Minerals is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centamin PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centamin PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Centamin PLC Correlation With Market
Average diversification
The correlation between Centamin PLC and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centamin PLC and DJI in the same portfolio, assuming nothing else is changed.
Centamin |
The ability to find closely correlated positions to Centamin PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Centamin PLC 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 Centamin PLC - 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 Centamin PLC to buy it.
Moving together with Centamin Stock
| 0.81 | AG | First Majestic Silver | PairCorr |
| 0.7 | IE | Ivanhoe Energy | PairCorr |
| 0.61 | FDY | Faraday Copper Corp | PairCorr |
| 0.69 | META | Meta Platforms CDR | PairCorr |
| 0.7 | AVGO | Broadcom | PairCorr |
Moving against Centamin Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Centamin Stock performing well and Centamin PLC 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 Centamin PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORA | 2.00 | 0.40 | 0.11 | (1.69) | 2.27 | 4.86 | 13.52 | |||
| ELR | 4.51 | 0.19 | 0.01 | (2.48) | 4.43 | 12.50 | 32.54 | |||
| ETG | 2.27 | 0.62 | 0.18 | (1.68) | 2.20 | 5.24 | 19.87 | |||
| OGC | 2.02 | 0.37 | 0.10 | (0.60) | 2.00 | 5.20 | 13.14 | |||
| AMM | 3.58 | (0.12) | 0.00 | 0.03 | 5.26 | 16.67 | 50.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Centamin PLC 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?
Run Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Centamin PLC Corporate Management
Elected by the shareholders, the Centamin PLC's board of directors comprises two types of representatives: Centamin PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Centamin. The board's role is to monitor Centamin PLC's management team and ensure that shareholders' interests are well served. Centamin PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Centamin PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Craig Murray | Head Risk | Profile | |
| Michael Stoner | Head Corporate | Profile | |
| Amr Hassouna | Country Manager | Profile | |
| Darren masurier | Company Secretary | Profile | |
| Terence Smith | Gen Operations | Profile | |
| Howard Bills | Head Exploration | Profile |