FENIX Resources Correlations

FEX Stock

0.42 0.01 2.44%

The current 90-days correlation between FENIX Resources and Genesis Minerals is 0.2 (i.e., Modest diversification). The correlation of FENIX Resources 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.

FENIX Resources Correlation With Market

Very weak diversification

The correlation between FENIX Resources and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FENIX Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with FENIX Stock

0.75	AGY	Argosy Minerals	Pair Corr
0.68	ONE	Oneview Healthcare Plc	Pair Corr
0.7	EOS	Electro Optic Systems Earnings Call This Week	Pair Corr
0.82	CIA	Champion Iron	Pair Corr
0.65	CCX	City Chic Collective	Pair Corr

Moving against FENIX Stock

0.52	TLS	Telstra Group Earnings Call This Week	Pair Corr
0.4	AMCDD	Cdi 11 Foreign Split	Pair Corr
0.39	ATH	Alterity Therapeutics	Pair Corr
0.56	PXR	Pacific Resources	Pair Corr
0.44	YAL	Yancoal Australia	Pair Corr
0.41	BRG	Breville Group	Pair Corr
0.35	PNC	Pioneer Credit	Pair Corr
0.35	IOV	Ion Video Split	Pair Corr
0.33	LNU	Linius Technologies	Pair Corr
0.31	MTL	Mantle Minerals	Pair Corr

Related Correlations Analysis

	NST	EVN	AAI	BSL	SFR	RMS	GMD
NST		0.7	0.28	0.47	0.48	0.56	0.39	NST
EVN	0.7		0.77	0.84	0.9	0.92	0.72	EVN
AAI	0.28	0.77		0.88	0.91	0.9	0.86	AAI
BSL	0.47	0.84	0.88		0.91	0.91	0.76	BSL
SFR	0.48	0.9	0.91	0.91		0.95	0.84	SFR
RMS	0.56	0.92	0.9	0.91	0.95		0.89	RMS
GMD	0.39	0.72	0.86	0.76	0.84	0.89		GMD
	NST	EVN	AAI	BSL	SFR	RMS	GMD

Risk-Adjusted Indicators

There is a big difference between FENIX Stock performing well and FENIX Resources 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 FENIX Resources' 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
NST	2.42	0.22	0.04	12.01	3.55	(2.27)	4.07	(5.61)	13.67
EVN	2.36	0.52	0.16	1.52	2.58	(2.57)	4.54	(4.60)	15.90
AAI	2.52	0.61	0.17	0.82	2.89	(2.76)	6.21	(5.23)	15.79
BSL	1.52	0.48	0.41	1.56	0.66	(2.17)	3.38	(1.59)	22.73
SFR	1.74	0.26	0.07	5.35	2.46	(1.61)	4.04	(3.93)	12.09
RMS	2.45	0.40	0.11	0.89	2.97	(2.61)	6.30	(5.33)	13.99
GMD	2.57	0.23	0.05	1.14	3.74	(2.48)	4.48	(6.02)	17.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in FENIX Resources 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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FENIX Resources Corporate Management

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

Natalie BCom	Company Secretary	Profile
Stuart Ausmeier	Executive Officer	Profile
Christopher FCPA	Chief Officer	Profile
Christopher Tuckwell	General Operations	Profile
Natalie Teo	Company Secretary	Profile
Grad GAICD	Interim Officer	Profile

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