Edge Copper Correlations

EDCU Stock

0.38 0.01 2.70%

The correlation of Edge Copper 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.

Edge Copper Correlation With Market

Significant diversification

The correlation between Edge Copper and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edge Copper and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Edge Stock

0.63	MSFT	Microsoft CDR	Pair Corr
0.63	MSFT	Microsoft Corp CDR	Pair Corr

Moving against Edge Stock

0.53	CGG	China Gold International	Pair Corr
0.53	SLS	Solaris Resources	Pair Corr
0.48	ABRA	AbraSilver Resource Corp	Pair Corr
0.46	ARIS	Aris Mining	Pair Corr
0.38	TFPM	Triple Flag Precious	Pair Corr
0.37	GOOG	Alphabet CDR	Pair Corr
0.37	GOOG	Alphabet CDR	Pair Corr
0.35	AAPL	Apple CDR	Pair Corr
0.6	SFI	Solution Financial	Pair Corr
0.5	WPM	Wheaton Precious Metals	Pair Corr
0.49	PRM	Big Pharma Split	Pair Corr
0.33	PNTR	Pantera Silver Corp	Pair Corr
0.32	AVR	Avaron Mining Corp	Pair Corr
0.67	KEC	Kiwetinohk Energy Corp	Pair Corr
0.58	QBR-B	Quebecor	Pair Corr
0.43	FTU-PB	US Financial 15	Pair Corr
0.34	FFN	North American Financial	Pair Corr

Related Correlations Analysis

	CGG	GMIN	TFPM	ARIS	PPTA	SLS	ABRA	MUX
CGG		0.76	0.81	0.83	0.5	0.76	0.9	0.12	CGG
GMIN	0.76		0.86	0.88	0.7	0.66	0.85	0.39	GMIN
TFPM	0.81	0.86		0.9	0.76	0.7	0.83	0.44	TFPM
ARIS	0.83	0.88	0.9		0.63	0.89	0.94	0.21	ARIS
PPTA	0.5	0.7	0.76	0.63		0.39	0.54	0.79	PPTA
SLS	0.76	0.66	0.7	0.89	0.39		0.88	-0.11	SLS
ABRA	0.9	0.85	0.83	0.94	0.54	0.88		0.14	ABRA
MUX	0.12	0.39	0.44	0.21	0.79	-0.11	0.14		MUX
	CGG	GMIN	TFPM	ARIS	PPTA	SLS	ABRA	MUX

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

ABRA	+ 0.94	ARIS
ABRA	+ 0.9	CGG
ARIS	+ 0.9	TFPM
SLS	+ 0.89	ARIS
ARIS	+ 0.88	GMIN
ABRA	+ 0.88	SLS

High negative correlations

MUX

- 0.11

SLS

Risk-Adjusted Indicators

There is a big difference between Edge Stock performing well and Edge Copper 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 Edge Copper'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
CGG	2.26	0.26	0.06	(1.88)	2.74	(2.37)	5.47	(5.86)	12.71
GMIN	2.94	0.68	0.17	1.06	3.32	(3.32)	6.60	(6.06)	18.89
TFPM	2.05	0.21	0.07	0.32	2.87	(2.17)	4.15	(4.88)	14.25
ARIS	2.52	0.80	0.21	1.03	3.02	(2.78)	7.30	(5.40)	16.46
PPTA	3.71	0.40	0.09	0.39	4.52	(4.09)	7.91	(7.13)	24.49
SLS	2.36	0.38	0.12	0.88	2.55	(2.58)	5.24	(3.30)	12.70
ABRA	3.61	0.88	0.22	0.59	3.74	(4.10)	7.65	(6.56)	22.64
MUX	3.05	0.42	0.09	0.94	3.84	(3.16)	6.49	(6.66)	20.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Edge Copper 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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Edge Copper Corporate Executives

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

	Gilmour PEng	Chair Cofounder	Profile
	CMA CPA	Company CFO	Profile

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