Dynaresource Correlations
| DYNR Stock | USD 1.00 0.01 0.99% |
The current 90-days correlation between Dynaresource and Avino Silver Gold is 0.1 (i.e., Average diversification). The correlation of Dynaresource 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Dynaresource Correlation With Market
Very good diversification
The correlation between Dynaresource and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dynaresource and DJI in the same portfolio, assuming nothing else is changed.
Dynaresource |
The ability to find closely correlated positions to Dynaresource could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dynaresource 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 Dynaresource - 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 Dynaresource to buy it.
Moving together with Dynaresource Pink Sheet
| 0.68 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
Moving against Dynaresource Pink Sheet
| 0.51 | ASTSW | AST SpaceMobile | PairCorr |
| 0.4 | PTAIF | PT Astra International | PairCorr |
| 0.39 | ATCOL | Atlas Corp | PairCorr |
| 0.37 | PCTTW | PureCycle Technologies | PairCorr |
| 0.36 | SSNLF | Samsung Electronics | PairCorr |
| 0.34 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.41 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.36 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.34 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.32 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Dynaresource Pink Sheet performing well and Dynaresource 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 Dynaresource'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EXK | 3.30 | 0.40 | 0.09 | 1.20 | 3.18 | 7.74 | 21.38 | |||
| MTA | 2.65 | 0.10 | 0.00 | 0.62 | 3.31 | 6.98 | 20.05 | |||
| NEWP | 3.04 | (0.01) | 0.01 | 0.11 | 3.09 | 6.77 | 24.14 | |||
| HL | 2.41 | (0.24) | 0.00 | (0.18) | 0.00 | 5.92 | 14.22 | |||
| GATO | 3.02 | 0.38 | 0.08 | (109.67) | 2.80 | 7.11 | 20.65 | |||
| MUX | 2.34 | (0.22) | 0.00 | (0.25) | 0.00 | 5.60 | 15.30 | |||
| SILV | 2.95 | 0.23 | 0.06 | 0.45 | 3.00 | 8.37 | 16.03 | |||
| ASM | 3.18 | 0.11 | 0.02 | 0.28 | 3.76 | 9.09 | 21.90 | |||
| BVN | 1.75 | (0.06) | 0.00 | 0.47 | 0.00 | 4.58 | 12.30 |
Be your own money manager
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Dynaresource Corporate Management
| Bradford Saulter | VP of Investor Relations | Profile | |
| Nicolas Padilla | Controller Operations | Profile | |
| Rene Mladosich | GM Director | Profile | |
| David Orta | Controller operations | Profile |