DLP Resources Correlations

DLPRF Stock

USD 0.30 0.03 9.09%

The current 90-days correlation between DLP Resources and Lion Copper and is -0.01 (i.e., Good diversification). The correlation of DLP 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.

DLP Resources Correlation With Market

Very weak diversification

The correlation between DLP Resources and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DLP Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DLP 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 DLP 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 DLP 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 DLP Resources to buy it.

Moving together with DLP OTC Stock

0.65	BHPLF	BHP Group Limited	Pair Corr
0.61	RIO	Rio Tinto ADR	Pair Corr
0.66	BHP	BHP Group Limited	Pair Corr
0.63	RTPPF	Rio Tinto Group	Pair Corr
0.71	GLCNF	Glencore PLC	Pair Corr
0.71	GLNCY	Glencore PLC ADR	Pair Corr
0.61	MARUF	Marubeni	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.84	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.72	INTC	Intel Earnings Call Tomorrow	Pair Corr

Moving against DLP OTC Stock

0.57	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.55	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.46	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.44	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	CBBHF	LCGMF	FTMDF	WRSLF	ZNWLF	SHERF	WSZWF	NKGFF	KVGOF	WHYRF
CBBHF		-0.63	-0.13	-0.53	-0.69	-0.48	0.0	-0.48	0.24	0.65	CBBHF
LCGMF	-0.63		0.42	0.82	0.3	0.73	0.0	0.75	-0.12	-0.3	LCGMF
FTMDF	-0.13	0.42		0.57	0.08	0.64	0.0	0.43	0.37	0.23	FTMDF
WRSLF	-0.53	0.82	0.57		0.23	0.9	0.0	0.81	-0.01	-0.23	WRSLF
ZNWLF	-0.69	0.3	0.08	0.23		0.29	0.0	0.15	-0.14	-0.61	ZNWLF
SHERF	-0.48	0.73	0.64	0.9	0.29		0.0	0.85	0.02	-0.08	SHERF
WSZWF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WSZWF
NKGFF	-0.48	0.75	0.43	0.81	0.15	0.85	0.0		-0.34	-0.15	NKGFF
KVGOF	0.24	-0.12	0.37	-0.01	-0.14	0.02	0.0	-0.34		0.35	KVGOF
WHYRF	0.65	-0.3	0.23	-0.23	-0.61	-0.08	0.0	-0.15	0.35		WHYRF
	CBBHF	LCGMF	FTMDF	WRSLF	ZNWLF	SHERF	WSZWF	NKGFF	KVGOF	WHYRF

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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

SHERF	+ 0.9	WRSLF
NKGFF	+ 0.85	SHERF
WRSLF	+ 0.82	LCGMF
NKGFF	+ 0.81	WRSLF
NKGFF	+ 0.75	LCGMF
SHERF	+ 0.73	LCGMF

High negative correlations

ZNWLF	- 0.69	CBBHF
LCGMF	- 0.63	CBBHF
WHYRF	- 0.61	ZNWLF
WRSLF	- 0.53	CBBHF
NKGFF	- 0.48	CBBHF
SHERF	- 0.48	CBBHF

Risk-Adjusted Indicators

There is a big difference between DLP OTC Stock performing well and DLP Resources 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 DLP 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
CBBHF	6.91	(0.80)	0.00	(0.42)	0.00	0.00	12.54	(20.29)	50.08
LCGMF	7.68	1.54	0.13	2.34	7.24	(13.11)	22.22	(15.79)	56.77
FTMDF	6.30	0.65	0.06	0.34	6.74	(12.37)	16.67	(14.29)	47.62
WRSLF	6.63	1.69	0.11	0.82	6.12	(18.68)	20.00	(16.67)	111.05
ZNWLF	235.76	128.82	0.00	(0.96)	0.00	0.00	1.43	0.00	7,938
SHERF	4.08	1.27	0.13	0.89	3.38	(9.82)	11.11	(10.00)	35.53
WSZWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NKGFF	3.07	0.43	0.10	0.27	3.11	(5.93)	7.69	(6.67)	31.76
KVGOF	5.80	1.54	0.00	0.80	0.00	0.00	0.00	(10.77)	136.36
WHYRF	3.05	0.08	0.01	0.13	3.73	(7.94)	8.33	(9.09)	42.94

Be your own money manager

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

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