Fresnillo PLC Correlations

FNLPF Stock

USD 56.84 1.54 2.78%

The current 90-days correlation between Fresnillo PLC and Northern Star Resources is 0.64 (i.e., Poor diversification). The correlation of Fresnillo PLC 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.

Fresnillo PLC Correlation With Market

Very poor diversification

The correlation between Fresnillo PLC and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fresnillo PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fresnillo Pink Sheet

0.98	AGPPF	Anglo American Platinum	Pair Corr
0.99	ANGPY	Valterra Platinum	Pair Corr
0.98	IMPUY	Impala Platinum Holdings	Pair Corr
0.97	BVN	Compania de Minas	Pair Corr
0.96	IMPUF	Impala Platinum Holdings Upward Rally	Pair Corr
0.93	TFPM	Triple Flag Precious	Pair Corr
0.87	PPTA	Perpetua Resources Corp	Pair Corr
0.93	EXK	Endeavour Silver Corp Aggressive Push	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.74	EC	Ecopetrol SA ADR	Pair Corr
0.77	PTAIY	Astra International Tbk	Pair Corr
0.76	KEP	Korea Electric Power	Pair Corr
0.68	PTITF	PT Indosat Tbk	Pair Corr
0.78	MTRT	Metal Arts	Pair Corr
0.72	YASKY	Yaskawa Electric Corp	Pair Corr
0.66	HRMY	Harmony Biosciences	Pair Corr
0.89	OI	O I Glass	Pair Corr
0.82	SNDK	Sandisk Corp Earnings Call This Week	Pair Corr
0.78	LHX	L3Harris Technologies	Pair Corr
0.86	PHXHF	PHX Energy Services	Pair Corr
0.68	ASMXF	ASM International	Pair Corr
0.93	JBHT	JB Hunt Transport	Pair Corr
0.92	BMO	Bank of Montreal	Pair Corr
0.63	INTC	Intel Earnings Call This Week	Pair Corr

Moving against Fresnillo Pink Sheet

0.72	PIFMY	Indofood Sukses Makmur	Pair Corr
0.59	PTAIF	PT Astra International	Pair Corr

Related Correlations Analysis

	KLBAY	TCKRF	NISTF	NESRF	ALMMF	VLOWY	ANGPY	YARIY	EMSHF	IPOAF
KLBAY		-0.3	0.38	0.41	0.7	0.6	0.66	0.58	-0.35	0.62	KLBAY
TCKRF	-0.3		0.22	-0.75	-0.62	-0.17	-0.5	-0.39	0.33	-0.4	TCKRF
NISTF	0.38	0.22		-0.08	0.25	0.43	0.37	0.47	-0.1	0.49	NISTF
NESRF	0.41	-0.75	-0.08		0.57	0.31	0.65	0.57	-0.23	0.57	NESRF
ALMMF	0.7	-0.62	0.25	0.57		0.6	0.78	0.63	-0.54	0.76	ALMMF
VLOWY	0.6	-0.17	0.43	0.31	0.6		0.48	0.43	-0.11	0.5	VLOWY
ANGPY	0.66	-0.5	0.37	0.65	0.78	0.48		0.93	-0.71	0.94	ANGPY
YARIY	0.58	-0.39	0.47	0.57	0.63	0.43	0.93		-0.63	0.89	YARIY
EMSHF	-0.35	0.33	-0.1	-0.23	-0.54	-0.11	-0.71	-0.63		-0.69	EMSHF
IPOAF	0.62	-0.4	0.49	0.57	0.76	0.5	0.94	0.89	-0.69		IPOAF
	KLBAY	TCKRF	NISTF	NESRF	ALMMF	VLOWY	ANGPY	YARIY	EMSHF	IPOAF

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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

IPOAF	+ 0.94	ANGPY
YARIY	+ 0.93	ANGPY
IPOAF	+ 0.89	YARIY
ANGPY	+ 0.78	ALMMF
IPOAF	+ 0.76	ALMMF
ALMMF	+ 0.7	KLBAY

High negative correlations

NESRF	- 0.75	TCKRF
EMSHF	- 0.71	ANGPY
IPOAF	- 0.69	EMSHF
EMSHF	- 0.63	YARIY
ALMMF	- 0.62	TCKRF
EMSHF	- 0.54	ALMMF

Risk-Adjusted Indicators

There is a big difference between Fresnillo Pink Sheet performing well and Fresnillo PLC 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 Fresnillo PLC'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
KLBAY	2.24	0.19	0.05	0.28	2.91	(2.43)	5.66	(5.91)	14.15
TCKRF	0.88	(0.28)	0.00	0.56	0.00	0.00	0.26	(0.74)	24.98
NISTF	1.41	0.06	0.02	0.17	1.74	(1.57)	3.22	(3.11)	7.55
NESRF	2.07	0.21	0.05	0.85	2.57	(2.36)	5.31	(4.20)	14.09
ALMMF	4.20	0.83	0.10	(4.10)	4.98	(5.78)	12.50	(9.72)	35.55
VLOWY	2.72	0.35	0.09	4.00	2.98	(3.26)	6.75	(4.94)	16.58
ANGPY	2.91	0.71	0.16	0.68	3.81	(2.99)	6.28	(7.04)	14.91
YARIY	1.26	0.22	0.12	0.34	1.46	(1.31)	3.25	(2.48)	7.61
EMSHF	0.30	(0.01)	0.00	0.04	0.00	0.00	0.00	0.00	9.89
IPOAF	2.54	0.50	0.14	0.98	2.47	(3.41)	8.06	(4.83)	15.54

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fresnillo PLC 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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Fresnillo PLC Corporate Management

Guillermo Gastelum	VP Exploration	Profile
Octavio Alvidrez	Chief Officer	Profile
Gabriela Mayor	Head Relations	Profile
Gerardo Carreto	Company Sec	Profile
Erika Cabriada	VP Compliance	Profile
BSc BSc	Chief Officer	Profile
Mario Arreguin	Chief Officer	Profile

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