Falcon Gold Correlations

FGLDF Stock

USD 0.03 0.0002 0.80%

The current 90-days correlation between Falcon Gold Corp and Aurion Resources is -0.07 (i.e., Good diversification). The correlation of Falcon 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.

Falcon Gold Correlation With Market

Good diversification

The correlation between Falcon Gold Corp and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Falcon Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Falcon 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 Falcon 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 Falcon 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 Falcon Gold Corp to buy it.

Moving against Falcon OTC Stock

0.31	KB	KB Financial Group	Pair Corr
0.54	BRK-B	Berkshire Hathaway	Pair Corr
0.38	DXYZ	Destiny Tech100	Pair Corr
0.36	RCAT	Red Cat Holdings Trending	Pair Corr
0.35	SNOW	Snowflake Trending	Pair Corr

Related Correlations Analysis

	AIRRF	LGDTF	RIOFF	ORZCF	RMRDF	PDIYF	FSM	SAND	IAUX
AIRRF		-0.17	0.75	0.5	0.61	0.14	0.42	0.53	0.45	AIRRF
LGDTF	-0.17		-0.44	0.44	-0.42	-0.01	0.01	0.14	0.61	LGDTF
RIOFF	0.75	-0.44		0.25	0.73	0.04	0.68	0.58	0.13	RIOFF
ORZCF	0.5	0.44	0.25		0.38	0.11	0.27	0.51	0.74	ORZCF
RMRDF	0.61	-0.42	0.73	0.38		0.13	0.4	0.59	0.17	RMRDF
PDIYF	0.14	-0.01	0.04	0.11	0.13		-0.03	0.38	0.24	PDIYF
FSM	0.42	0.01	0.68	0.27	0.4	-0.03		0.68	0.22	FSM
SAND	0.53	0.14	0.58	0.51	0.59	0.38	0.68		0.57	SAND
IAUX	0.45	0.61	0.13	0.74	0.17	0.24	0.22	0.57		IAUX
	AIRRF	LGDTF	RIOFF	ORZCF	RMRDF	PDIYF	FSM	SAND	IAUX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RIOFF	+ 0.75	AIRRF
IAUX	+ 0.74	ORZCF
RMRDF	+ 0.73	RIOFF
FSM	+ 0.68	RIOFF
SAND	+ 0.68	FSM
RMRDF	+ 0.61	AIRRF

High negative correlations

RIOFF	- 0.44	LGDTF
RMRDF	- 0.42	LGDTF
LGDTF	- 0.17	AIRRF
FSM	- 0.03	PDIYF
PDIYF	- 0.01	LGDTF

Risk-Adjusted Indicators

There is a big difference between Falcon OTC Stock performing well and Falcon 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 Falcon 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AIRRF	2.34	0.03	0.00	0.05	0.00	0.00	5.13	(6.12)	15.14
LGDTF	3.01	(0.35)	0.00	(0.54)	0.00	0.00	4.76	(6.90)	18.80
RIOFF	2.48	0.30	0.06	2.64	2.30	(4.22)	5.77	(4.26)	16.67
ORZCF	2.72	(0.35)	0.00	(0.95)	0.00	0.00	5.36	(6.67)	22.11
RMRDF	4.76	0.53	0.09	0.41	4.23	(8.18)	11.11	(8.70)	35.00
PDIYF	2.43	0.55	0.00	1.57	0.00	0.00	11.76	0.00	55.77
FSM	2.36	(0.02)	(0.01)	0.08	3.19	(2.43)	4.66	(5.13)	17.32
SAND	1.76	0.04	(0.01)	0.22	2.42	(1.84)	3.33	(2.56)	15.60
IAUX	4.56	(0.30)	0.00	(0.13)	0.00	0.00	10.28	(4.72)	66.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Falcon 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.

Did you try this?

Run Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC