Contango ORE Correlations
| CTGO Stock | USD 18.25 0.15 0.83% |
The current 90-days correlation between Contango ORE and Marathon Gold is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Contango ORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Contango ORE moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Contango ORE Correlation With Market
Average diversification
The correlation between Contango ORE and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Contango ORE and DJI in the same portfolio, assuming nothing else is changed.
Contango |
Moving together with Contango Stock
| 0.77 | AU | AngloGold Ashanti plc | PairCorr |
| 0.8 | SA | Seabridge Gold | PairCorr |
| 0.7 | AEM | Agnico Eagle Mines | PairCorr |
| 0.73 | FNV | Franco Nevada | PairCorr |
| 0.75 | GAU | Galiano Gold | PairCorr |
| 0.65 | HMY | Harmony Gold Mining Earnings Call This Week | PairCorr |
Moving against Contango Stock
| 0.36 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.64 | GGB | Gerdau SA ADR | PairCorr |
| 0.37 | FRD | Friedman Industries | PairCorr |
| 0.36 | CMC | Commercial Metals | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | GBARF | ||
| 0.0 | 0.26 | -0.13 | 0.36 | MGDPF | ||
| 0.0 | 0.26 | 0.28 | -0.31 | FGBI | ||
| 0.0 | -0.13 | 0.28 | -0.24 | GLBZ | ||
| 0.0 | 0.36 | -0.31 | -0.24 | PIAC | ||
| 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 Contango Stock performing well and Contango ORE 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 Contango ORE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GBARF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MGDPF | 2.37 | 0.00 | 0.00 | 0.13 | 0.00 | 5.66 | 13.61 | |||
| FGBI | 1.43 | 0.35 | 0.20 | 0.86 | 1.08 | 3.89 | 7.97 | |||
| GLBZ | 2.54 | 0.40 | 0.08 | (3.45) | 2.40 | 8.07 | 17.28 | |||
| PIAC | 2.90 | 0.14 | 0.00 | 0.43 | 0.00 | 7.69 | 79.06 |
Contango ORE Corporate Executives
Elected by the shareholders, the Contango ORE's board of directors comprises two types of representatives: Contango ORE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Contango. The board's role is to monitor Contango ORE's management team and ensure that shareholders' interests are well served. Contango ORE'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, Contango ORE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Leah Gaines | CFO, Chief Accounting Officer, VP, Treasurer and Secretary | Profile |