Centerra Gold Correlations

CGAU Stock

USD 18.74 0.33 1.79%

The current 90-days correlation between Centerra Gold and Seabridge Gold is 0.78 (i.e., Poor diversification). The correlation of Centerra Gold 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Centerra Gold Correlation With Market

Very poor diversification

The correlation between Centerra Gold and DJI is 0.85 (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.

Build AI portfolio with Centerra Stock

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

For more information on how to buy Centerra Stock please use our How to Invest in Centerra Gold guide.

Moving together with Centerra Stock

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0.93	CAV	Carnavale Resources Split	Pair Corr
0.73	C9F	CHIPOTLE MEXICAN	Pair Corr
0.72	VVDH	VEOLIA ENV SP	Pair Corr
0.75	C9F	CHIPOTLE MEXICAN	Pair Corr
0.85	21L	Alphamin Resources Corp	Pair Corr
0.78	RMY	RAMSAY HEALTH CARE Earnings Call This Week	Pair Corr
0.68	FR7	Fast Retailing	Pair Corr
0.7	CVLC	VALE N1	Pair Corr
0.69	CWN	CROWN HOLDINGS	Pair Corr
0.91	OTP	OTP Bank Nyrt	Pair Corr
0.76	A8D	AB SCIENCE	Pair Corr
0.77	PF8	European Lithium	Pair Corr
0.62	KNI	Kuniko	Pair Corr
0.82	DC	Dakota Gold Corp Earnings Call This Week	Pair Corr
0.85	IE	Ivanhoe Electric	Pair Corr
0.93	DEZ	Deutz AG	Pair Corr
0.62	2TU	Taruga Minerals	Pair Corr

Moving against Centerra Stock

0.72	6WX	CN LONGYUAN POWER	Pair Corr
0.65	6RC	REPROCELL	Pair Corr
0.63	VA7A	VERISK ANLYTCS A	Pair Corr
0.93	SON1	Sony Group Corp	Pair Corr
0.85	GEO	Empire Metals Limited	Pair Corr
0.67	UMD	UMT United Mobility	Pair Corr
0.65	BF5B	BROWN NON VTG	Pair Corr
0.51	EO5	EOG RESOURCES Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SA	DRD	BCC	FSM	MEOH	AAUC	PPTA	USAS	EXK	ARMN
SA		0.88	0.68	0.93	0.75	0.81	0.87	0.82	0.87	0.88	SA
DRD	0.88		0.73	0.92	0.82	0.84	0.93	0.9	0.94	0.92	DRD
BCC	0.68	0.73		0.77	0.88	0.89	0.72	0.8	0.82	0.84	BCC
FSM	0.93	0.92	0.77		0.8	0.87	0.89	0.9	0.95	0.94	FSM
MEOH	0.75	0.82	0.88	0.8		0.94	0.79	0.88	0.89	0.91	MEOH
AAUC	0.81	0.84	0.89	0.87	0.94		0.8	0.94	0.92	0.96	AAUC
PPTA	0.87	0.93	0.72	0.89	0.79	0.8		0.85	0.92	0.88	PPTA
USAS	0.82	0.9	0.8	0.9	0.88	0.94	0.85		0.96	0.94	USAS
EXK	0.87	0.94	0.82	0.95	0.89	0.92	0.92	0.96		0.95	EXK
ARMN	0.88	0.92	0.84	0.94	0.91	0.96	0.88	0.94	0.95		ARMN
	SA	DRD	BCC	FSM	MEOH	AAUC	PPTA	USAS	EXK	ARMN

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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
SA	3.25	0.46	0.10	0.33	4.34	(3.49)	7.03	(6.81)	28.57
DRD	2.96	0.28	0.07	0.23	3.93	(3.11)	6.04	(8.22)	18.57
BCC	1.78	0.27	0.16	0.21	1.54	(2.15)	6.21	(3.00)	11.47
FSM	2.81	0.28	0.07	0.18	3.91	(2.92)	6.17	(6.33)	25.09
MEOH	1.76	0.33	0.15	0.28	1.89	(1.88)	3.91	(2.58)	14.67
AAUC	2.04	0.93	0.41	0.83	1.60	(2.54)	6.12	(2.66)	17.83
PPTA	3.87	0.40	0.08	0.21	4.81	(4.12)	7.90	(7.70)	30.39
USAS	4.75	0.88	0.15	0.39	5.31	(5.30)	9.55	(10.98)	33.15
EXK	4.12	0.57	0.12	0.22	4.95	(4.43)	8.81	(7.46)	32.14
ARMN	2.78	0.84	0.16	1.04	3.97	(2.93)	6.86	(4.93)	26.24

Centerra Gold Corporate Management

Lisa PEng	Vice Communications	Profile
Claudia Orazio	Vice President Chief Human Resource Officer	Profile
Helene Timpano	Executive Development	Profile
Richard Connor	Independent Director	Profile
CA Bbus	VP CFO	Profile

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