Endurance Gold Correlations

ENDGF Stock  USD 0.47  0.01  2.17%   
The current 90-days correlation between Endurance Gold and Symrise AG is -0.06 (i.e., Good diversification). The correlation of Endurance Gold 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.

Endurance Gold Correlation With Market

Poor diversification

The correlation between Endurance Gold and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Endurance Gold and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Endurance Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endurance Gold 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 Endurance Gold - 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 Endurance Gold to buy it.

Moving together with Endurance OTC Stock

  0.87NEM Newmont Goldcorp CorpPairCorr
  0.83AEM Agnico Eagle MinesPairCorr
  0.88WPM Wheaton Precious MetalsPairCorr
  0.84AU AngloGold Ashanti plc Sell-off TrendPairCorr
  0.87ZIJMY Zijin Mining GroupPairCorr
  0.86ZIJMF Zijin Mining GroupPairCorr
  0.83KGC Kinross Gold Sell-off TrendPairCorr
  0.9GFI Gold FieldsPairCorr
  0.8GOLD Gold Inc Symbol ChangePairCorr
  0.65BKRKY Bank Rakyat Earnings Call TodayPairCorr
  0.77KB KB Financial GroupPairCorr
  0.78SHG Shinhan FinancialPairCorr
  0.73WF Woori Financial GroupPairCorr
  0.89MOG-A Moog IncPairCorr
  0.83BHB Bar Harbor BanksharesPairCorr
  0.87E Eni SpA ADR Earnings Call TodayPairCorr
  0.72HBANM Huntington BancsharesPairCorr
  0.84ASX ASE Industrial HoldingPairCorr
  0.74UAMY United States Antimony Buyout TrendPairCorr
  0.73BLE BlackRock MIT IIPairCorr
  0.94VALE Vale SA ADR Aggressive PushPairCorr
  0.84CIG Companhia EnergeticaPairCorr
  0.84WZZZY Wizz Air HoldingsPairCorr
  0.82TSM Taiwan Semiconductor Aggressive PushPairCorr
  0.81DFKCY Daifuku CoPairCorr
  0.82ALL-PB AllstatePairCorr
  0.9CMTV Community Bancorp CommonPairCorr
  0.82DREUF Dream Industrial RealPairCorr

Moving against Endurance OTC Stock

  0.88PBCRY Bank Central AsiaPairCorr
  0.65PBCRF PT Bank CentralPairCorr
  0.44TTCM TautachromePairCorr
  0.52RADLF Radial Research CorpPairCorr

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

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High negative correlations

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Risk-Adjusted Indicators

There is a big difference between Endurance OTC Stock performing well and Endurance Gold 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 Endurance Gold'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Endurance Gold 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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Endurance Gold Corporate Executives

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