First Mining Correlations

FFMGF Stock

USD 0.37 0.01 2.78%

The current 90-days correlation between First Mining Gold and Anglo Asian Mining is 0.18 (i.e., Average diversification). The correlation of First 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.

First Mining Correlation With Market

Good diversification

The correlation between First Mining Gold and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Mining Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to First 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 First 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 First 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 First Mining Gold to buy it.

Moving together with First OTC Stock

0.64	FCTI	Fact Inc	Pair Corr
0.7	BIMT	Bitmis Corp	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.72	XOM	Exxon Mobil Corp	Pair Corr
0.82	MRK	Merck Company	Pair Corr
0.67	MCD	McDonalds	Pair Corr
0.73	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.87	AA	Alcoa Corp	Pair Corr
0.86	WMT	Walmart Common Stock	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr

Moving against First OTC Stock

0.78	PG	Procter Gamble	Pair Corr
0.75	PCTTW	PureCycle Technologies	Pair Corr
0.71	MAPSW	WM Technology	Pair Corr
0.71	MSFT	Microsoft	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.65	T	ATT Inc	Pair Corr
0.44	STI	Solidion Technology	Pair Corr
0.39	AAGH	America Great Health	Pair Corr

Related Correlations Analysis

	AGXKF	CDNMF	JAGGF	SITKF	FDMIF	NSUPF	THSGF	HSTXF	EMOTF	EGMMF
AGXKF		0.48	0.78	-0.3	0.59	0.67	0.82	0.7	-0.76	0.24	AGXKF
CDNMF	0.48		0.25	-0.31	-0.08	0.45	0.32	0.28	-0.53	0.36	CDNMF
JAGGF	0.78	0.25		-0.23	0.65	0.59	0.93	0.81	-0.65	0.13	JAGGF
SITKF	-0.3	-0.31	-0.23		-0.15	-0.6	-0.27	-0.47	0.55	0.38	SITKF
FDMIF	0.59	-0.08	0.65	-0.15		0.68	0.73	0.78	-0.55	-0.24	FDMIF
NSUPF	0.67	0.45	0.59	-0.6	0.68		0.73	0.86	-0.85	-0.17	NSUPF
THSGF	0.82	0.32	0.93	-0.27	0.73	0.73		0.9	-0.72	0.07	THSGF
HSTXF	0.7	0.28	0.81	-0.47	0.78	0.86	0.9		-0.79	-0.2	HSTXF
EMOTF	-0.76	-0.53	-0.65	0.55	-0.55	-0.85	-0.72	-0.79		-0.18	EMOTF
EGMMF	0.24	0.36	0.13	0.38	-0.24	-0.17	0.07	-0.2	-0.18		EGMMF
	AGXKF	CDNMF	JAGGF	SITKF	FDMIF	NSUPF	THSGF	HSTXF	EMOTF	EGMMF

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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

THSGF	+ 0.93	JAGGF
HSTXF	+ 0.9	THSGF
HSTXF	+ 0.86	NSUPF
THSGF	+ 0.82	AGXKF
HSTXF	+ 0.81	JAGGF
JAGGF	+ 0.78	AGXKF

High negative correlations

EMOTF	- 0.85	NSUPF
EMOTF	- 0.79	HSTXF
EMOTF	- 0.76	AGXKF
EMOTF	- 0.72	THSGF
EMOTF	- 0.65	JAGGF
NSUPF	- 0.6	SITKF

Risk-Adjusted Indicators

There is a big difference between First OTC Stock performing well and First 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 First 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
AGXKF	2.25	0.53	0.08	(2.84)	2.55	(5.16)	4.08	(5.41)	45.30
CDNMF	221.87	104.84	0.00	1.19	0.00	0.00	0.00	0.00	6,654
JAGGF	3.24	0.34	0.08	0.54	3.74	(3.64)	7.95	(7.17)	21.39
SITKF	2.85	(0.21)	0.00	(0.13)	0.00	0.00	6.10	(7.41)	16.34
FDMIF	3.03	0.12	0.03	0.26	3.59	(3.52)	6.67	(6.71)	18.46
NSUPF	3.73	0.91	0.23	0.65	3.11	(4.82)	8.41	(6.11)	64.43
THSGF	3.96	0.49	0.10	0.49	4.51	(4.57)	10.00	(6.45)	22.75
HSTXF	3.54	0.49	0.12	0.52	3.76	(4.25)	7.09	(7.73)	20.06
EMOTF	4.80	(0.80)	0.00	(0.10)	0.00	0.00	8.11	(6.98)	77.68
EGMMF	0.27	(0.01)	0.00	0.01	0.00	0.00	0.00	0.00	9.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in First Mining 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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First Mining Corporate Management

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

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