Gatos Silver Correlations

GATO Stock

USD 15.35 0.48 3.03%

The current 90-days correlation between Gatos Silver and Endeavour Silver Corp is 0.87 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gatos Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatos Silver moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gatos Silver Correlation With Market

Significant diversification

The correlation between Gatos Silver and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gatos Silver and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gatos Silver. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Gatos Stock, please use our How to Invest in Gatos Silver guide.

Moving together with Gatos Stock

0.7	VOXR	Vox Royalty Corp	Pair Corr
0.92	ASM	Avino Silver Gold	Pair Corr
0.96	EXK	Endeavour Silver Corp	Pair Corr
0.88	MTA	Metalla Royalty Streaming	Pair Corr
0.63	MUX	McEwen Mining	Pair Corr
0.9	PLG	Platinum Group Metals	Pair Corr
0.81	GROY	Gold Royalty Corp	Pair Corr
0.72	HL-PB	Hecla Mining	Pair Corr
0.82	ITRG	Integra Resources Corp	Pair Corr
0.85	NEWP	New Pacific Metals	Pair Corr
0.82	PPTA	Perpetua Resources Corp Downward Rally	Pair Corr
0.94	SILV	SilverCrest Metals	Pair Corr
0.81	TFPM	Triple Flag Precious	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.97	AG	First Majestic Silver	Pair Corr
0.86	IE	Ivanhoe Electric	Pair Corr
0.77	MP	MP Materials Corp	Pair Corr
0.93	OR	Osisko Gold Ro	Pair Corr

Moving against Gatos Stock

0.33	ATLX	Atlas Lithium	Pair Corr
0.71	NORNQ	Noranda Aluminum Holding	Pair Corr
0.39	NG	NovaGold Resources	Pair Corr
0.35	MKDTY	Molecular Data	Pair Corr

Related Correlations Analysis

	EXK	MTA	NEWP	HL	SILV	SLRRF	MUX	ASM	GROY
EXK		0.78	0.85	0.39	0.91	0.14	0.48	0.88	0.74	EXK
MTA	0.78		0.8	0.72	0.81	0.13	0.79	0.92	0.83	MTA
NEWP	0.85	0.8		0.51	0.8	0.08	0.68	0.93	0.87	NEWP
HL	0.39	0.72	0.51		0.56	0.14	0.9	0.66	0.73	HL
SILV	0.91	0.81	0.8	0.56		0.14	0.63	0.88	0.79	SILV
SLRRF	0.14	0.13	0.08	0.14	0.14		0.21	0.16	0.15	SLRRF
MUX	0.48	0.79	0.68	0.9	0.63	0.21		0.79	0.83	MUX
ASM	0.88	0.92	0.93	0.66	0.88	0.16	0.79		0.89	ASM
GROY	0.74	0.83	0.87	0.73	0.79	0.15	0.83	0.89		GROY
	EXK	MTA	NEWP	HL	SILV	SLRRF	MUX	ASM	GROY

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Risk-Adjusted Indicators

There is a big difference between Gatos Stock performing well and Gatos Silver 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 Gatos Silver'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
EXK	3.24	0.51	0.13	1.13	3.08	(4.01)	7.74	(4.91)	21.38
MTA	2.64	0.19	0.03	0.60	3.29	(2.82)	6.98	(5.43)	20.05
NEWP	3.03	0.05	0.04	0.15	3.07	(4.25)	6.77	(4.49)	24.14
HL	2.43	(0.19)	0.00	(0.08)	0.00	0.00	5.92	(4.83)	14.22
SILV	2.89	0.23	0.07	0.41	2.88	(3.52)	8.37	(4.82)	16.03
SLRRF	42.43	16.40	0.28	7.96	19.84	(250.00)	150.00	(60.00)	810.00
MUX	2.33	(0.23)	0.00	(0.21)	0.00	0.00	5.60	(5.30)	15.30
ASM	3.17	0.19	0.04	0.35	3.77	(3.57)	9.09	(6.03)	21.90
GROY	1.98	(0.08)	0.00	(0.94)	0.00	0.00	3.94	(4.49)	17.73

Gatos Silver Corporate Management

David Peat	Independent Director	Profile
Pieter Niekerk	Chief Officer	Profile
Luis Huerta	Project Director - Cerro Los Gatos Mine	Profile
Karl Hanneman	Independent Director	Profile

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