Emgold Mining Correlations
| EGMCF Stock | USD 0.03 0 7.59% |
The current 90-days correlation between Emgold Mining and Ready Set Gold is 0.16 (i.e., Average diversification). The correlation of Emgold Mining 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.
Emgold Mining Correlation With Market
Significant diversification
The correlation between Emgold Mining and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emgold Mining and DJI in the same portfolio, assuming nothing else is changed.
Emgold |
The ability to find closely correlated positions to Emgold Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emgold Mining 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 Emgold Mining - 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 Emgold Mining to buy it.
Moving against Emgold OTC Stock
| 0.7 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | AU | AngloGold Ashanti plc | PairCorr |
| 0.61 | KB | KB Financial Group | PairCorr |
| 0.57 | SHG | Shinhan Financial | PairCorr |
| 0.54 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.49 | GOLD | Gold, Inc Symbol Change | PairCorr |
| 0.48 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.42 | PBCRF | PT Bank Central | PairCorr |
| 0.42 | PBCRY | Bank Central Asia | PairCorr |
| 0.42 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.33 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.77 | SHIP | Seanergy Maritime | PairCorr |
| 0.67 | PHAR | Pharming Group NV | PairCorr |
| 0.64 | APGE | Apogee Therapeutics, | PairCorr |
| 0.63 | CM | Canadian Imperial Bank | PairCorr |
| 0.62 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.6 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.52 | KYOCF | Kyocera | PairCorr |
| 0.5 | BAC | Bank of America | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
| 0.36 | NOEM | CO2 Energy Transition | PairCorr |
| 0.35 | HMDCF | HUTCHMED Limited | PairCorr |
| 0.7 | RLMD | Relmada Therapeutics | PairCorr |
| 0.56 | DDS | Dillards, | PairCorr |
| 0.55 | HL | Hecla Mining | PairCorr |
| 0.47 | 68233JBP8 | US68233JBP84 | PairCorr |
Related Correlations Analysis
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 Emgold OTC Stock performing well and Emgold Mining 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 Emgold Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RDYFF | 5.42 | 2.90 | 0.00 | (1.77) | 0.00 | 0.00 | 144.78 | |||
| CMMMF | 17.60 | 6.84 | 0.00 | 1.08 | 0.00 | 64.00 | 450.00 | |||
| IMRFF | 4.76 | (0.67) | 0.00 | 1.27 | 0.00 | 11.11 | 38.34 | |||
| AUHIF | 6.14 | 1.79 | 0.00 | 0.73 | 0.00 | 17.65 | 130.00 | |||
| GSRFF | 5.40 | 0.21 | 0.03 | 0.16 | 6.26 | 13.04 | 61.34 | |||
| RDEMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ROVMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PRRVF | 6.73 | 1.27 | 0.04 | (4.09) | 8.62 | 25.45 | 68.75 | |||
| MFMLF | 29.99 | 15.12 | 0.80 | (0.81) | 7.61 | 39.44 | 737.58 | |||
| CNMXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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