Compass Gold Correlations
| COGDF Stock | USD 0.11 0.07 38.89% |
The current 90-days correlation between Compass Gold and Symrise AG is -0.07 (i.e., Good diversification). The correlation of Compass 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.
Compass Gold Correlation With Market
Excellent diversification
The correlation between Compass Gold and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compass Gold and DJI in the same portfolio, assuming nothing else is changed.
Compass |
The ability to find closely correlated positions to Compass 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 Compass 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 Compass 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 Compass Gold to buy it.
Moving together with Compass Pink Sheet
Moving against Compass Pink Sheet
| 0.79 | AEM | Agnico Eagle Mines | PairCorr |
| 0.78 | AU | AngloGold Ashanti plc | PairCorr |
| 0.77 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.77 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.76 | WPM | Wheaton Precious Metals | PairCorr |
| 0.76 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.72 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.71 | GFI | Gold Fields | PairCorr |
| 0.7 | GOLD | Gold Inc Symbol Change | PairCorr |
| 0.67 | BKRKY | Bank Rakyat | PairCorr |
| 0.54 | KB | KB Financial Group | PairCorr |
| 0.5 | SHG | Shinhan Financial | PairCorr |
| 0.76 | UAMY | United States Antimony Aggressive Push | PairCorr |
| 0.72 | MOG-A | Moog Inc | PairCorr |
| 0.72 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.7 | ASX | ASE Industrial Holding | PairCorr |
| 0.68 | HBANM | Huntington Bancshares | PairCorr |
| 0.62 | CIG | Companhia Energetica | PairCorr |
| 0.58 | CIM | Chimera Investment | PairCorr |
| 0.58 | E | Eni SpA ADR | PairCorr |
| 0.49 | WF | Woori Financial Group | PairCorr |
| 0.49 | AWCA | Awaysis Capital | PairCorr |
| 0.46 | WZZZY | Wizz Air Holdings | PairCorr |
| 0.42 | BLE | BlackRock MIT II | PairCorr |
| 0.4 | BHB | Bar Harbor Bankshares | PairCorr |
| 0.36 | TBIO | Telesis Bio | PairCorr |
| 0.73 | BHFAP | Brighthouse Financial | PairCorr |
| 0.72 | TSM | Taiwan Semiconductor | PairCorr |
| 0.7 | ALL-PB | Allstate | PairCorr |
| 0.69 | DREUF | Dream Industrial Real | PairCorr |
| 0.69 | UEC | Uranium Energy Corp | PairCorr |
| 0.67 | ALEEF | Alerio Gold Corp | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Compass Pink Sheet performing well and Compass 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 Compass 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BZZUY | 1.84 | (0.16) | 0.00 | (0.02) | 0.00 | 3.95 | 16.09 | |||
| EDVMF | 2.35 | 0.83 | 0.21 | 1.88 | 2.95 | 5.33 | 17.05 | |||
| BZZUF | 0.48 | (0.13) | 0.00 | (0.31) | 0.00 | 0.33 | 10.70 | |||
| AHKSY | 1.35 | 0.49 | 0.30 | 1.16 | 1.02 | 4.07 | 8.12 | |||
| KGHPF | 3.10 | 0.88 | 0.16 | 2.58 | 2.82 | 8.19 | 35.00 | |||
| SBYSF | 3.64 | 0.80 | 0.12 | 0.71 | 3.65 | 11.68 | 29.57 | |||
| AHKSF | 1.71 | 0.51 | 0.12 | 0.50 | 1.30 | 5.85 | 28.84 | |||
| SYIEY | 1.15 | 0.16 | 0.07 | 1.15 | 1.06 | 3.05 | 9.11 | |||
| SYIEF | 1.69 | 0.14 | 0.03 | 1.18 | 1.92 | 4.31 | 10.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Compass 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?
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Compass Gold Corporate Management
| Louis CA | CFO Sec | Profile | |
| MS MSc | VP Director | Profile | |
| Sandy PGeo | Technical Director | Profile | |
| Greg Taylor | Director Communications | Profile | |
| LLB LLB | CEO Pres | Profile |