Drdgold Correlations
| DRDGFDelisted Stock | USD 0.96 0.00 0.00% |
The current 90-days correlation between Drdgold and Dundee Precious Metals is -0.04 (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 -0.04 (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.
Drdgold |
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
| 0.86 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.75 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.85 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.71 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.82 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.8 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Drdgold Pink Sheet
| 0.87 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.74 | NEM | Newmont Goldcorp Corp Sell-off Trend | PairCorr |
| 0.73 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.7 | GOLD | Barrick Gold Corp | PairCorr |
| 0.42 | NCMGF | Newcrest Mining | PairCorr |
| 0.41 | NCMGY | Newcrest Mining | PairCorr |
Related Correlations Analysis
| 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
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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 | 4.90 | 0.28 | 0.01 | (3.15) | 6.37 | 16.67 | 50.00 | |||
| CAHPF | 2.49 | 0.25 | 0.06 | 0.42 | 2.56 | 5.39 | 21.17 | |||
| DPMLF | 1.38 | 0.03 | 0.00 | 0.06 | 0.00 | 2.45 | 7.70 | |||
| NESRF | 2.06 | 0.25 | 0.04 | (1.57) | 2.14 | 6.73 | 16.65 | |||
| GFI | 2.02 | 0.09 | (0.01) | (2.68) | 2.48 | 4.52 | 14.93 | |||
| IAG | 2.59 | 0.20 | 0.03 | 1.34 | 3.21 | 6.95 | 25.09 | |||
| CDE | 3.00 | 0.10 | 0.01 | 0.30 | 3.53 | 9.37 | 28.59 | |||
| AU | 1.97 | (0.28) | 0.00 | (0.93) | 0.00 | 3.52 | 14.65 | |||
| KGC | 2.01 | 0.16 | 0.02 | 1.31 | 2.72 | 5.41 | 18.27 | |||
| AEM | 1.42 | 0.11 | (0.02) | (0.39) | 1.83 | 3.08 | 11.66 |
View Drdgold Related Equities
| 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.