Cerrado Gold Correlations

CRDOF Stock

USD 1.33 0.02 1.53%

The current 90-days correlation between Cerrado Gold and Dynacor Gold Mines is 0.53 (i.e., Very weak diversification). The correlation of Cerrado 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.

Cerrado Gold Correlation With Market

Poor diversification

The correlation between Cerrado Gold and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cerrado Gold and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cerrado OTC Stock

0.89	NEM	Newmont Goldcorp Corp Earnings Call This Week	Pair Corr
0.85	AEM	Agnico Eagle Mines	Pair Corr
0.89	WPM	Wheaton Precious Metals	Pair Corr
0.86	AU	AngloGold Ashanti plc Earnings Call This Week	Pair Corr
0.83	ZIJMY	Zijin Mining Group	Pair Corr
0.82	ZIJMF	Zijin Mining Group	Pair Corr
0.91	KGC	Kinross Gold Earnings Call This Week	Pair Corr
0.85	GFI	Gold Fields Earnings Call This Week	Pair Corr
0.72	GOLD	Gold Inc Symbol Change	Pair Corr
0.71	GOOG	Alphabet Class C	Pair Corr
0.75	TSM	Taiwan Semiconductor Aggressive Push	Pair Corr
0.81	BNEFF	Bonterra Energy Corp	Pair Corr
0.74	EMMA	Emmaus Life Sciences	Pair Corr
0.66	GAYMF	Galway Metals	Pair Corr
0.79	CGECF	Cogeco Inc	Pair Corr
0.82	SLSR	Solaris Resources	Pair Corr
0.79	TORO	Toro	Pair Corr
0.64	DUK-PA	Duke Energy	Pair Corr
0.77	BLAGF	Blue Lagoon Resources	Pair Corr
0.84	GS	Goldman Sachs Group	Pair Corr
0.82	YLLXF	Yellow Cake plc Downward Rally	Pair Corr

Moving against Cerrado OTC Stock

0.61	AAPL	Apple Inc	Pair Corr
0.6	MSFT	Microsoft Sell-off Trend	Pair Corr
0.41	WELL	Welltower Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DNGDF	CEXPF	MJGCF	TDRRF	MAIFF	WHGOF	RVLGF	WMWWF	LGCFF	MULG
DNGDF		0.0	0.75	0.82	0.94	0.93	0.78	0.46	0.5	0.0	DNGDF
CEXPF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CEXPF
MJGCF	0.75	0.0		0.77	0.72	0.73	0.64	0.51	0.31	0.0	MJGCF
TDRRF	0.82	0.0	0.77		0.84	0.89	0.85	0.62	0.16	0.0	TDRRF
MAIFF	0.94	0.0	0.72	0.84		0.94	0.82	0.52	0.51	0.0	MAIFF
WHGOF	0.93	0.0	0.73	0.89	0.94		0.89	0.54	0.39	0.0	WHGOF
RVLGF	0.78	0.0	0.64	0.85	0.82	0.89		0.55	0.19	0.0	RVLGF
WMWWF	0.46	0.0	0.51	0.62	0.52	0.54	0.55		0.04	0.0	WMWWF
LGCFF	0.5	0.0	0.31	0.16	0.51	0.39	0.19	0.04		0.0	LGCFF
MULG	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MULG
	DNGDF	CEXPF	MJGCF	TDRRF	MAIFF	WHGOF	RVLGF	WMWWF	LGCFF	MULG

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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

MAIFF	+ 0.94	DNGDF
WHGOF	+ 0.94	MAIFF
WHGOF	+ 0.93	DNGDF
WHGOF	+ 0.89	TDRRF
RVLGF	+ 0.89	WHGOF
RVLGF	+ 0.85	TDRRF

High negative correlations

MULG	- 0.0	LGCFF
MULG	- 0.0	WMWWF
MULG	- 0.0	RVLGF
MULG	- 0.0	WHGOF
MULG	- 0.0	MAIFF
MULG	- 0.0	TDRRF

Risk-Adjusted Indicators

There is a big difference between Cerrado OTC Stock performing well and Cerrado Gold OTC Stock 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 Cerrado 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
DNGDF	2.18	0.47	0.12	2.44	2.64	(2.32)	4.09	(4.98)	21.66
CEXPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MJGCF	2.92	0.17	0.02	0.21	3.34	(9.89)	9.09	(8.33)	23.81
TDRRF	4.65	0.64	0.12	0.73	4.51	(6.84)	11.25	(9.47)	36.02
MAIFF	2.85	0.48	0.13	0.30	3.45	(3.06)	7.56	(6.01)	22.72
WHGOF	4.21	0.86	0.19	0.47	3.96	(5.78)	11.65	(7.77)	24.47
RVLGF	3.70	0.40	0.08	0.26	4.46	(4.60)	8.06	(7.02)	26.03
WMWWF	13.02	2.60	0.13	3.84	13.08	(20.40)	35.14	(29.33)	125.92
LGCFF	3.18	0.21	0.06	0.19	3.75	(4.07)	10.71	(8.09)	26.78
MULG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

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Cerrado Gold Corporate Management

Elected by the shareholders, the Cerrado Gold's board of directors comprises two types of representatives: Cerrado Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cerrado. The board's role is to monitor Cerrado Gold's management team and ensure that shareholders' interests are well served. Cerrado Gold'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, Cerrado Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

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