Deep Yellow Correlations

DYLLF Stock

USD 1.85 0.05 2.63%

The current 90-days correlation between Deep Yellow and Serica Energy plc is 0.02 (i.e., Significant diversification). The correlation of Deep Yellow 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.

Deep Yellow Correlation With Market

Very weak diversification

The correlation between Deep Yellow and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Deep Yellow and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Deep OTC Stock

0.93	CCJ	Cameco Corp	Pair Corr
0.78	UEC	Uranium Energy Corp	Pair Corr
0.73	NXE	NexGen Energy	Pair Corr
0.63	NATKY	JSC National Atomic	Pair Corr
0.84	UUUU	Energy Fuels	Pair Corr
0.7	LEU	Centrus Energy Corp Earnings Call This Week	Pair Corr
0.81	DNN	Denison Mines Corp Aggressive Push	Pair Corr
0.96	SRUUF	Sprott Physical Uranium	Pair Corr
0.92	ALM	Almonty Industries Common	Pair Corr
0.73	PALAF	Paladin Energy	Pair Corr
0.63	MMC	MMC Old Symbol Change	Pair Corr
0.69	BA	Boeing Sell-off Trend	Pair Corr
0.65	CVX	Chevron Corp	Pair Corr

Moving against Deep OTC Stock

0.48

TRV

The Travelers Companies

Pair Corr

Related Correlations Analysis

	SQZZF	SMTGY	SMTGF	COPJF	BNNLF	BWEFF	KELTF	DTNOF	CRLFF	DALXF
SQZZF		-0.47	-0.62	-0.66	-0.5	-0.74	-0.25	-0.32	-0.22	-0.33	SQZZF
SMTGY	-0.47		0.86	0.34	0.13	0.37	0.14	0.7	0.38	0.77	SMTGY
SMTGF	-0.62	0.86		0.33	0.05	0.35	0.06	0.63	0.26	0.69	SMTGF
COPJF	-0.66	0.34	0.33		0.69	0.86	0.34	0.49	0.29	0.45	COPJF
BNNLF	-0.5	0.13	0.05	0.69		0.7	0.48	0.15	0.43	0.34	BNNLF
BWEFF	-0.74	0.37	0.35	0.86	0.7		0.26	0.42	0.18	0.38	BWEFF
KELTF	-0.25	0.14	0.06	0.34	0.48	0.26		0.12	0.59	0.41	KELTF
DTNOF	-0.32	0.7	0.63	0.49	0.15	0.42	0.12		0.13	0.77	DTNOF
CRLFF	-0.22	0.38	0.26	0.29	0.43	0.18	0.59	0.13		0.48	CRLFF
DALXF	-0.33	0.77	0.69	0.45	0.34	0.38	0.41	0.77	0.48		DALXF
	SQZZF	SMTGY	SMTGF	COPJF	BNNLF	BWEFF	KELTF	DTNOF	CRLFF	DALXF

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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

SMTGF	+ 0.86	SMTGY
BWEFF	+ 0.86	COPJF
DALXF	+ 0.77	SMTGY
DALXF	+ 0.77	DTNOF
DTNOF	+ 0.7	SMTGY
BWEFF	+ 0.7	BNNLF

High negative correlations

BWEFF	- 0.74	SQZZF
COPJF	- 0.66	SQZZF
SMTGF	- 0.62	SQZZF
BNNLF	- 0.5	SQZZF
SMTGY	- 0.47	SQZZF
DALXF	- 0.33	SQZZF

Risk-Adjusted Indicators

There is a big difference between Deep OTC Stock performing well and Deep Yellow 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 Deep Yellow'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
SQZZF	1.38	(0.02)	0.00	0.06	0.00	0.00	0.00	0.00	42.85
SMTGY	2.75	0.55	0.13	2.01	2.44	(4.67)	7.71	(5.25)	22.43
SMTGF	1.92	0.79	0.00	(0.67)	0.00	0.00	9.68	(0.05)	25.21
COPJF	31.24	15.69	0.00	3.18	0.00	0.00	0.00	0.00	1,000.00
BNNLF	3.74	0.50	0.11	0.34	4.21	(4.01)	7.25	(7.17)	22.65
BWEFF	1.04	0.36	0.00	(2.66)	0.00	0.00	1.05	0.00	21.72
KELTF	2.35	0.36	0.11	2.30	2.52	(2.92)	3.80	(4.55)	18.62
DTNOF	1.69	0.57	0.11	(0.84)	1.35	(5.21)	7.41	(3.97)	21.16
CRLFF	1.66	0.28	0.12	0.97	1.88	(1.75)	3.51	(2.92)	9.02
DALXF	1.93	0.67	0.22	1.39	2.09	(2.19)	4.44	(3.58)	14.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Deep Yellow 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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Deep Yellow Corporate Management

Elected by the shareholders, the Deep Yellow's board of directors comprises two types of representatives: Deep Yellow inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Deep. The board's role is to monitor Deep Yellow's management team and ensure that shareholders' interests are well served. Deep Yellow'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, Deep Yellow's outside directors are responsible for providing unbiased perspectives on the board's policies.

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