Coronado Global Correlations
| CODQL Stock | USD 0.47 0.00 0.00% |
The current 90-days correlation between Coronado Global Resources and Alpha Metallurgical Resources is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coronado Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coronado Global Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Coronado Global Correlation With Market
Significant diversification
The correlation between Coronado Global Resources and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coronado Global Resources and DJI in the same portfolio, assuming nothing else is changed.
Coronado |
The ability to find closely correlated positions to Coronado Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coronado Global 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 Coronado Global - 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 Coronado Global Resources to buy it.
Moving together with Coronado Pink Sheet
| 0.84 | HCC | Warrior Met Coal | PairCorr |
| 0.7 | AMR | Alpha Metallurgical | PairCorr |
| 0.68 | METCB | Ramaco Resources Potential Growth | PairCorr |
| 0.61 | METC | Ramaco Resources | PairCorr |
| 0.77 | MOGLF | Mongolian Mining | PairCorr |
| 0.89 | CCARF | Colonial Coal Intern | PairCorr |
| 0.83 | PPERY | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.8 | PPERF | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.8 | PBCRY | Bank Central Asia Earnings Call Tomorrow | PairCorr |
| 0.76 | PBCRF | PT Bank Central Earnings Call Tomorrow | PairCorr |
| 0.76 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.69 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.73 | PTAIY | Astra International Tbk | PairCorr |
| 0.68 | HZO | MarineMax Upward Rally | PairCorr |
| 0.61 | FLR | Fluor | PairCorr |
Moving against Coronado Pink Sheet
| 0.82 | HUIZ | Huize Holding | PairCorr |
| 0.56 | META | Meta Platforms Earnings Call This Week | PairCorr |
| 0.45 | MNSBP | MainStreet Bancshares | PairCorr |
| 0.44 | ASUR | Asure Software | PairCorr |
| 0.39 | FOUR | Shift4 Payments Tech Boost | PairCorr |
| 0.31 | OMEX | Odyssey Marine Explo | PairCorr |
| 0.84 | BMA | Banco Macro SA | PairCorr |
| 0.81 | DMRC | Digimarc | PairCorr |
| 0.74 | TM | Toyota Motor | PairCorr |
| 0.71 | ASO | Academy Sports Outdoors | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Coronado Pink Sheet performing well and Coronado Global 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 Coronado Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMR | 1.94 | (0.22) | 0.00 | (0.16) | 0.00 | 4.48 | 14.25 | |||
| DNOW | 1.39 | 0.12 | 0.07 | 0.16 | 1.49 | 2.49 | 16.46 | |||
| ORCL | 1.52 | 0.08 | 0.03 | 0.13 | 2.08 | 2.92 | 12.18 | |||
| TGNA | 1.32 | 0.12 | 0.07 | 0.34 | 1.23 | 2.68 | 14.98 | |||
| TPVG | 1.53 | 0.23 | 0.10 | 0.48 | 1.95 | 4.41 | 19.59 | |||
| BTCM | 4.61 | 0.16 | 0.02 | (0.37) | 5.01 | 11.03 | 25.06 | |||
| MGRC | 1.11 | 0.19 | 0.11 | 0.65 | 1.29 | 2.75 | 12.00 | |||
| DNA | 5.26 | 0.86 | 0.13 | 0.53 | 6.21 | 12.92 | 32.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Coronado Global 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 Stocks Directory Now
Stocks DirectoryFind actively traded stocks across global markets |
| All Next | Launch Module |
Coronado Global Corporate Management
| Jeffrey Bitzer | Chief US | Profile | |
| Andrew Mooney | Treasury Relations | Profile | |
| Christopher JD | Chief VP | Profile | |
| Gerhard Ziems | Group Officer | Profile | |
| Douglas Thompson | Chief Australia | Profile | |
| Garold Spindler | CEO MD | Profile | |
| Emma Pollard | Chief Officer | Profile |