Drdgold Correlations

Summary

DRDGFDelisted Stock

USD 0.96 0.00 0.00%

The current 90-days correlation between Drdgold and Dundee Precious Metals is -0.09 (i.e., Good diversification). The correlation of Drdgold 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.

Drdgold Correlation With Market

Good diversification

The correlation between Drdgold and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Drdgold and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Drdgold Pink Sheet

0.7	FRSX	Foresight Autonomous	Pair Corr
0.65	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr
0.68	MNPR	Monopar Therapeutics	Pair Corr
0.81	GILT	Gilat Satellite Networks	Pair Corr
0.89	EXCH	Exchange Bankshares	Pair Corr

Moving against Drdgold Pink Sheet

0.8	WPM	Wheaton Precious Metals	Pair Corr
0.69	ZIJMY	Zijin Mining Group	Pair Corr
0.67	RNAZ	Transcode Therapeutics Trending	Pair Corr
0.65	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.54	NEM	Newmont Goldcorp Corp	Pair Corr
0.42	NCMGF	Newcrest Mining	Pair Corr
0.41	NCMGY	Newcrest Mining	Pair Corr
0.36	MULN	Mullen Automotive	Pair Corr
0.35	ZIJMF	Zijin Mining Group	Pair Corr
0.46	ORCL	Oracle	Pair Corr
0.39	COCXF	Chocoladefabriken Lindt	Pair Corr

Related Correlations Analysis

	ALKEF	CAHPF	DPMLF	NESRF	GFI	IAG	CDE	AU	KGC	AEM
ALKEF		0.43	0.38	0.44	0.43	0.41	0.35	0.36	0.39	0.4	ALKEF
CAHPF	0.43		0.66	0.65	0.75	0.56	0.36	0.71	0.58	0.75	CAHPF
DPMLF	0.38	0.66		0.36	0.86	0.72	0.18	0.86	0.83	0.88	DPMLF
NESRF	0.44	0.65	0.36		0.56	0.28	0.31	0.48	0.34	0.42	NESRF
GFI	0.43	0.75	0.86	0.56		0.69	0.29	0.94	0.86	0.84	GFI
IAG	0.41	0.56	0.72	0.28	0.69		0.53	0.75	0.86	0.88	IAG
CDE	0.35	0.36	0.18	0.31	0.29	0.53		0.41	0.48	0.48	CDE
AU	0.36	0.71	0.86	0.48	0.94	0.75	0.41		0.91	0.89	AU
KGC	0.39	0.58	0.83	0.34	0.86	0.86	0.48	0.91		0.9	KGC
AEM	0.4	0.75	0.88	0.42	0.84	0.88	0.48	0.89	0.9		AEM
	ALKEF	CAHPF	DPMLF	NESRF	GFI	IAG	CDE	AU	KGC	AEM

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Risk-Adjusted Indicators

There is a big difference between Drdgold Pink Sheet performing well and Drdgold 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 Drdgold'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
ALKEF	2.86	(0.08)	0.00	(1.80)	0.00	0.00	9.68	(8.82)	31.32
CAHPF	2.21	0.13	0.02	0.34	2.57	(3.81)	6.46	(6.25)	16.98
DPMLF	1.56	0.05	(0.02)	0.72	2.03	(1.57)	2.85	(3.68)	7.33
NESRF	2.63	0.04	(0.02)	(0.01)	3.62	(3.79)	7.17	(6.54)	22.82
GFI	1.94	0.09	0.01	0.32	2.30	(2.22)	3.78	(3.11)	10.94
IAG	2.62	0.29	0.06	2.33	3.12	(2.93)	5.34	(5.30)	15.22
CDE	2.95	0.22	0.05	0.86	3.02	(3.53)	7.70	(4.90)	18.31
AU	2.11	0.15	0.03	0.46	2.56	(2.30)	5.03	(3.21)	14.25
KGC	2.20	0.23	0.06	0.56	2.82	(2.40)	5.37	(4.03)	18.27
AEM	1.68	0.16	0.04	0.81	1.99	(1.87)	4.20	(3.06)	9.65

View Drdgold Related Equities

Alkane Resources Limited Evolution Mining Dundee Precious Metals Northern Star Resources Gold Fields Ltd IAMGold Coeur Mining AngloGold Ashanti plc Kinross Gold Agnico Eagle Mines Harmony Gold Mining Franco Nevada Eldorado Gold Corp Pan American Silver B2Gold Corp

Risk & Return

Correlation

Drdgold Corporate Management

BProc LLM	CEO Director	Profile
Francois Bouwer	Group Accountant	Profile
Henry MDP	Managing Limited	Profile
Henriette Hooijer	Financial Limited	Profile
Kevin Kruger	Managing Limited	Profile
MBA BTech	Chief Officer	Profile

Still Interested in Drdgold?

Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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