Centerra Gold Correlations

CG Stock

CAD 28.67 1.23 4.48%

The current 90-days correlation between Centerra Gold and First Majestic Silver is 0.71 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Centerra Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Centerra Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Centerra Gold Correlation With Market

Very poor diversification

The correlation between Centerra Gold and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centerra Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Centerra 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 Centerra 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 Centerra 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 Centerra Gold to buy it.

Moving together with Centerra Stock

0.96	AG	First Majestic Silver	Pair Corr
0.65	IE	Ivanhoe Energy	Pair Corr
0.96	ORE	Orezone Gold Corp	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr
0.65	INFM	Infinico Metals Corp Split	Pair Corr
0.79	BBD-B	Bombardier	Pair Corr
0.88	BCE	BCE Inc	Pair Corr
0.69	WN	George Weston Limited Earnings Call This Week	Pair Corr
0.79	TRP	TC Energy Corp	Pair Corr
0.9	MGA	Mega Uranium	Pair Corr
0.9	SU	Suncor Energy	Pair Corr
0.9	LNR	Linamar Earnings Call This Week	Pair Corr
0.79	SLF-PJ	Sun Life Financial	Pair Corr
0.69	OYL	CGX Energy	Pair Corr
0.81	PSLV	Sprott Physical Silver	Pair Corr
0.81	NIM	Nicola Mining	Pair Corr
0.91	CJT	Cargojet	Pair Corr
0.76	FTEC	Fintech Select	Pair Corr
0.62	AZT	Aztec Minerals Corp	Pair Corr
0.63	TUF	Honey Badger Silver	Pair Corr
0.95	ATX	ATEX Resources	Pair Corr
0.84	NAR	North Arrow Minerals	Pair Corr
0.92	HLF	High Liner Foods	Pair Corr
0.9	BPF-UN	Boston Pizza Royalties	Pair Corr
0.94	MU	Micron Technology	Pair Corr
0.84	PESO	Pesorama	Pair Corr
0.91	TUO	Teuton Resources Corp	Pair Corr
0.84	BN-PC	Brookfield	Pair Corr
0.79	GKO	Geekco Technologies Corp	Pair Corr

Moving against Centerra Stock

0.69	X	TMX Group Limited	Pair Corr
0.32	ONEX	Onex Corp	Pair Corr

Related Correlations Analysis

	AG	IE	URZ
AG		0.59	0.4	AG
IE	0.59		0.44	IE
URZ	0.4	0.44		URZ
	AG	IE	URZ

Risk-Adjusted Indicators

There is a big difference between Centerra Stock performing well and Centerra 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 Centerra 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
AG	3.95	1.37	0.29	0.67	4.15	(4.78)	9.62	(6.11)	27.74
IE	3.72	0.41	0.09	0.28	4.85	(3.86)	7.05	(8.02)	26.80
URZ	3.92	0.29	0.05	0.57	3.87	(6.22)	10.00	(8.11)	23.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Centerra 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.

Did you try this?

Run Pattern Recognition Now

Pattern Recognition

Use different Pattern Recognition models to time the market across multiple global exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC