Decade Resources Correlations

DECXF Stock

USD 0.08 0.02 19.00%

The current 90-days correlation between Decade Resources and Bitterroot Resources is -0.08 (i.e., Good diversification). The correlation of Decade Resources 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.

Decade Resources Correlation With Market

Poor diversification

The correlation between Decade Resources and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Decade Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Decade Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Decade Resources 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 Decade Resources - 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 Decade Resources to buy it.

Moving together with Decade Pink Sheet

0.81	BHPLF	BHP Group Limited	Pair Corr
0.84	RIO	Rio Tinto ADR	Pair Corr
0.85	BHP	BHP Group Limited	Pair Corr
0.76	RTNTF	Rio Tinto Group	Pair Corr
0.85	RTPPF	Rio Tinto Group	Pair Corr
0.87	GLCNF	Glencore PLC	Pair Corr
0.87	GLNCY	Glencore PLC ADR	Pair Corr
0.88	VALE	Vale SA ADR Earnings Call This Week	Pair Corr
0.7	SLF	Sun Life Financial Earnings Call This Week	Pair Corr
0.88	CVX	Chevron Corp	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.66	HD	Home Depot	Pair Corr
0.84	CAT	Caterpillar	Pair Corr
0.7	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.87	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.68	MRK	Merck Company Aggressive Push	Pair Corr
0.78	INTC	Intel Aggressive Push	Pair Corr
0.67	PFE	Pfizer Inc Aggressive Push	Pair Corr

Moving against Decade Pink Sheet

0.79	HPQ	HP Inc	Pair Corr
0.73	MSFT	Microsoft	Pair Corr
0.4	MMM	3M Company	Pair Corr

Related Correlations Analysis

	TMRFF	MGXMF	CBEEF	PEMSF	AVPMF	BITTF	CCWOF	HBKRF	PXCLY	BGAVF
TMRFF		0.0	0.0	0.59	0.41	0.15	0.55	0.0	-0.05	0.03	TMRFF
MGXMF	0.0		1.0	0.0	0.0	0.0	0.0	1.0	0.0	0.0	MGXMF
CBEEF	0.0	1.0		0.0	0.0	0.0	0.0	1.0	0.0	0.0	CBEEF
PEMSF	0.59	0.0	0.0		0.51	0.27	0.64	0.0	0.19	0.37	PEMSF
AVPMF	0.41	0.0	0.0	0.51		0.72	0.29	0.0	0.76	0.85	AVPMF
BITTF	0.15	0.0	0.0	0.27	0.72		0.0	0.0	0.71	0.79	BITTF
CCWOF	0.55	0.0	0.0	0.64	0.29	0.0		0.0	0.01	0.18	CCWOF
HBKRF	0.0	1.0	1.0	0.0	0.0	0.0	0.0		0.0	0.0	HBKRF
PXCLY	-0.05	0.0	0.0	0.19	0.76	0.71	0.01	0.0		0.92	PXCLY
BGAVF	0.03	0.0	0.0	0.37	0.85	0.79	0.18	0.0	0.92		BGAVF
	TMRFF	MGXMF	CBEEF	PEMSF	AVPMF	BITTF	CCWOF	HBKRF	PXCLY	BGAVF

Please upgrade your account to get full access to Macroaxis premium features

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

CBEEF	+ 1.0	MGXMF
HBKRF	+ 1.0	MGXMF
HBKRF	+ 1.0	CBEEF
BGAVF	+ 0.92	PXCLY
BGAVF	+ 0.85	AVPMF
BGAVF	+ 0.79	BITTF

High negative correlations

PXCLY	- 0.05	TMRFF
BGAVF	- 0.0	HBKRF
PXCLY	- 0.0	HBKRF
HBKRF	- 0.0	CCWOF
HBKRF	- 0.0	BITTF
CCWOF	- 0.0	BITTF

Risk-Adjusted Indicators

There is a big difference between Decade Pink Sheet performing well and Decade Resources 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 Decade Resources' 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
TMRFF	7.35	2.33	0.00	(0.34)	0.00	0.00	26.00	0.00	165.48
MGXMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CBEEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PEMSF	9.22	1.64	0.13	(0.78)	8.19	(14.69)	18.18	(16.47)	138.60
AVPMF	9.43	3.07	0.10	(4.17)	8.42	(41.78)	45.00	(20.00)	127.07
BITTF	4.40	0.32	0.04	(2.02)	5.00	(6.37)	12.84	(8.57)	30.91
CCWOF	5.21	0.23	0.03	0.31	5.59	(7.49)	11.76	(10.53)	33.04
HBKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PXCLY	0.55	0.30	0.00	(0.69)	0.00	0.00	0.00	0.00	18.52
BGAVF	7.91	1.69	0.18	0.99	8.56	(9.06)	19.61	(14.35)	43.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Decade Resources 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 USA ETFs Now

USA ETFs

Find actively traded Exchange Traded Funds (ETF) in USA

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC