Founders Metals Correlations

FDMIF Stock

3.34 0.12 3.47%

The current 90-days correlation between Founders Metals and Sitka Gold Corp is 0.27 (i.e., Modest diversification). The correlation of Founders 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.

Founders Metals Correlation With Market

Average diversification

The correlation between Founders Metals and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Founders Metals and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Founders 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 Founders 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 Founders 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 Founders Metals to buy it.

Moving together with Founders OTC Stock

0.72	BMYMP	Bristol Myers Squibb	Pair Corr
0.66	GSVRF	Guanajuato Silver	Pair Corr
0.68	DDS	Dillards,	Pair Corr
0.67	AVTBF	Avant Brands	Pair Corr
0.7	ULTA	Ulta Beauty	Pair Corr

Moving against Founders OTC Stock

0.66	MSFT	Microsoft Sell-off Trend	Pair Corr
0.44	NVDA	NVIDIA Aggressive Push	Pair Corr
0.34	META	Meta Platforms	Pair Corr
0.34	SWRM	Appswarm	Pair Corr
0.48	CYPS	Cyclo3pss	Pair Corr
0.41	ARRXF	Archer Materials	Pair Corr
0.39	AMD	Advanced Micro Devices Sell-off Trend	Pair Corr

Related Correlations Analysis

	SITKF	AGXKF	FFMGF	THSGF	AMXEF	GGAZF	JAGGF	LGDTF	CDNMF	SRBIF
SITKF		-0.2	-0.46	-0.2	-0.35	-0.39	-0.1	-0.41	-0.26	0.05	SITKF
AGXKF	-0.2		0.8	0.85	0.82	0.35	0.73	0.52	0.28	0.69	AGXKF
FFMGF	-0.46	0.8		0.88	0.97	0.56	0.81	0.83	0.42	0.64	FFMGF
THSGF	-0.2	0.85	0.88		0.93	0.35	0.92	0.69	0.25	0.76	THSGF
AMXEF	-0.35	0.82	0.97	0.93		0.45	0.85	0.79	0.31	0.73	AMXEF
GGAZF	-0.39	0.35	0.56	0.35	0.45		0.34	0.65	0.63	0.21	GGAZF
JAGGF	-0.1	0.73	0.81	0.92	0.85	0.34		0.71	0.18	0.8	JAGGF
LGDTF	-0.41	0.52	0.83	0.69	0.79	0.65	0.71		0.32	0.49	LGDTF
CDNMF	-0.26	0.28	0.42	0.25	0.31	0.63	0.18	0.32		0.15	CDNMF
SRBIF	0.05	0.69	0.64	0.76	0.73	0.21	0.8	0.49	0.15		SRBIF
	SITKF	AGXKF	FFMGF	THSGF	AMXEF	GGAZF	JAGGF	LGDTF	CDNMF	SRBIF

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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

AMXEF	+ 0.97	FFMGF
AMXEF	+ 0.93	THSGF
JAGGF	+ 0.92	THSGF
THSGF	+ 0.88	FFMGF
THSGF	+ 0.85	AGXKF
JAGGF	+ 0.85	AMXEF

High negative correlations

FFMGF	- 0.46	SITKF
LGDTF	- 0.41	SITKF
GGAZF	- 0.39	SITKF
AMXEF	- 0.35	SITKF
CDNMF	- 0.26	SITKF
THSGF	- 0.2	SITKF

Risk-Adjusted Indicators

There is a big difference between Founders OTC Stock performing well and Founders Metals 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 Founders 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
SITKF	3.00	0.01	0.00	0.09	3.61	(3.89)	7.14	(7.41)	21.20
AGXKF	2.34	0.60	0.07	(0.39)	2.67	(5.67)	5.07	(6.36)	45.30
FFMGF	4.01	1.03	0.21	0.52	3.57	(5.78)	9.52	(4.55)	22.70
THSGF	4.12	0.77	0.16	0.72	4.20	(4.85)	11.40	(6.45)	27.73
AMXEF	2.70	0.81	0.28	1.43	2.20	(3.52)	5.85	(4.19)	16.59
GGAZF	3.89	1.05	0.17	(1.02)	4.09	(5.00)	10.39	(6.32)	23.80
JAGGF	3.22	0.44	0.12	0.33	3.65	(3.60)	7.95	(6.43)	21.39
LGDTF	3.04	0.67	0.21	0.80	2.30	(4.92)	6.98	(3.92)	17.35
CDNMF	221.90	109.81	0.00	3.04	0.00	0.00	0.00	0.00	6,654
SRBIF	3.28	0.46	0.06	(2.14)	3.80	(5.86)	11.82	(7.07)	30.81

Founders Metals Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Founders Metals otc stock to make a market-neutral strategy. Peer analysis of Founders Metals could also be used in its relative valuation, which is a method of valuing Founders Metals by comparing valuation metrics with similar companies.

Sitka Gold Corp Anglo Asian Mining First Mining Gold Thesis Gold Amex Exploration Goldgroup Mining Jaguar Mining Liberty Gold Corp Gambier Gold Corp Serabi Gold PLC American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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