European Metals Correlations

EMH Stock

7.50 0.40 5.06%

The correlation of European Metals 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.

European Metals Correlation With Market

Modest diversification

The correlation between European Metals Holdings and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding European Metals Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against European Stock

0.47	AMRQ	Amaroq Minerals	Pair Corr
0.44	0IKZ	Freddie Mac	Pair Corr
0.43	0QYP	Microsoft	Pair Corr
0.42	FXPO	Ferrexpo PLC	Pair Corr
0.4	CEY	Centamin PLC	Pair Corr
0.35	0IL0	Fannie Mae	Pair Corr
0.33	DEC	Diversified Energy	Pair Corr
0.32	AAZ	Anglo Asian Mining	Pair Corr

Related Correlations Analysis

	0QPS	ANTO	CEY	ATYM	FXPO	AMRQ	CAML	AAZ	MTL
0QPS		0.61	0.04	0.55	-0.93	-0.6	0.74	-0.37	-0.5	0QPS
ANTO	0.61		0.2	0.92	-0.51	-0.05	0.94	0.05	-0.2	ANTO
CEY	0.04	0.2		0.0	0.1	0.47	0.2	0.68	0.38	CEY
ATYM	0.55	0.92	0.0		-0.5	-0.14	0.9	-0.08	-0.19	ATYM
FXPO	-0.93	-0.51	0.1	-0.5		0.69	-0.67	0.41	0.5	FXPO
AMRQ	-0.6	-0.05	0.47	-0.14	0.69		-0.2	0.81	0.56	AMRQ
CAML	0.74	0.94	0.2	0.9	-0.67	-0.2		-0.01	-0.23	CAML
AAZ	-0.37	0.05	0.68	-0.08	0.41	0.81	-0.01		0.54	AAZ
MTL	-0.5	-0.2	0.38	-0.19	0.5	0.56	-0.23	0.54		MTL
	0QPS	ANTO	CEY	ATYM	FXPO	AMRQ	CAML	AAZ	MTL

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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

CAML	+ 0.94	ANTO
ATYM	+ 0.92	ANTO
CAML	+ 0.9	ATYM
AAZ	+ 0.81	AMRQ
CAML	+ 0.74	0QPS
AMRQ	+ 0.69	FXPO

High negative correlations

FXPO	- 0.93	0QPS
CAML	- 0.67	FXPO
AMRQ	- 0.6	0QPS
FXPO	- 0.51	ANTO
FXPO	- 0.5	ATYM
MTL	- 0.5	0QPS

Risk-Adjusted Indicators

There is a big difference between European Stock performing well and European Metals 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 European Metals' 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
0QPS	0.88	(0.08)	0.00	0.75	0.00	0.00	1.50	(2.34)	6.14
ANTO	1.85	(0.19)	0.00	(0.23)	0.00	0.00	4.53	(4.64)	12.91
CEY	1.95	0.28	0.08	25.03	1.78	(2.42)	3.33	(2.92)	28.88
ATYM	1.85	(0.15)	0.00	(0.44)	0.00	0.00	3.97	(5.03)	11.16
FXPO	4.33	0.43	0.17	0.22	4.43	(5.00)	10.72	(7.25)	41.73
AMRQ	2.05	0.75	0.34	2.04	1.06	(3.06)	4.35	(2.71)	10.60
CAML	1.26	(0.25)	0.00	(0.36)	0.00	0.00	2.42	(3.29)	9.45
AAZ	2.24	0.23	0.02	(0.76)	2.47	(3.16)	5.31	(4.72)	16.37
MTL	2.44	0.21	0.03	(8.49)	2.45	(3.31)	5.61	(4.50)	16.60

Be your own money manager

Our tools can tell you how much better you can do entering a position in European Metals 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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European Metals Corporate Management

Elected by the shareholders, the European Metals' board of directors comprises two types of representatives: European Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of European. The board's role is to monitor European Metals' management team and ensure that shareholders' interests are well served. European Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, European Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.

Simon Edwards	Corporate sro	Profile
Grant Harman	Metallurgical Consultant	Profile
LLB BCom	Company Secretary	Profile
Henko Vos	Company Secretary	Profile

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