Gold Reserve Correlations

GDRZF Stock

USD 2.08 0.08 4.00%

The current 90-days correlation between Gold Reserve and Liberty Gold Corp is -0.1 (i.e., Good diversification). The correlation of Gold Reserve 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.

Gold Reserve Correlation With Market

Good diversification

The correlation between Gold Reserve 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 Gold Reserve and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Gold OTC Stock

0.66	CHKEZ	Chesapeake Energy Symbol Change	Pair Corr
0.72	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.67	MAPSW	WM Technology	Pair Corr
0.84	GOEVW	Canoo Holdings	Pair Corr
0.65	SHG	Shinhan Financial	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.83	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.72	KO	Coca Cola Aggressive Push	Pair Corr
0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Gold OTC Stock

0.85	SSNLF	Samsung Electronics	Pair Corr
0.8	PCTTW	PureCycle Technologies	Pair Corr
0.73	ATCOL	Atlas Corp	Pair Corr
0.69	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.68	ASTSW	AST SpaceMobile	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr
0.61	MFG	Mizuho Financial	Pair Corr
0.57	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.49	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.47	JPHLF	Japan Post Holdings	Pair Corr
0.42	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.4	KB	KB Financial Group	Pair Corr
0.32	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.89	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.85	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.7	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.69	DIS	Walt Disney	Pair Corr
0.67	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.45	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.41	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.4	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.39	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	LPKGF	GBARF	LUGDF	LGDTF	OSIIF	MAIFF	MZZMF	AIRRF	MMRGF	RIOFF
LPKGF		0.0	0.34	-0.37	-0.04	0.4	-0.21	0.23	0.13	0.45	LPKGF
GBARF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GBARF
LUGDF	0.34	0.0		-0.39	0.14	0.93	-0.47	0.8	0.52	0.91	LUGDF
LGDTF	-0.37	0.0	-0.39		-0.53	-0.38	0.12	-0.07	0.39	-0.42	LGDTF
OSIIF	-0.04	0.0	0.14	-0.53		0.13	0.11	-0.23	-0.4	0.13	OSIIF
MAIFF	0.4	0.0	0.93	-0.38	0.13		-0.53	0.82	0.54	0.89	MAIFF
MZZMF	-0.21	0.0	-0.47	0.12	0.11	-0.53		-0.49	-0.24	-0.39	MZZMF
AIRRF	0.23	0.0	0.8	-0.07	-0.23	0.82	-0.49		0.7	0.73	AIRRF
MMRGF	0.13	0.0	0.52	0.39	-0.4	0.54	-0.24	0.7		0.53	MMRGF
RIOFF	0.45	0.0	0.91	-0.42	0.13	0.89	-0.39	0.73	0.53		RIOFF
	LPKGF	GBARF	LUGDF	LGDTF	OSIIF	MAIFF	MZZMF	AIRRF	MMRGF	RIOFF

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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

MAIFF	+ 0.93	LUGDF
RIOFF	+ 0.91	LUGDF
RIOFF	+ 0.89	MAIFF
AIRRF	+ 0.82	MAIFF
AIRRF	+ 0.8	LUGDF
RIOFF	+ 0.73	AIRRF

High negative correlations

MZZMF	- 0.53	MAIFF
OSIIF	- 0.53	LGDTF
AIRRF	- 0.49	MZZMF
MZZMF	- 0.47	LUGDF
RIOFF	- 0.42	LGDTF
MMRGF	- 0.4	OSIIF

Risk-Adjusted Indicators

There is a big difference between Gold OTC Stock performing well and Gold Reserve 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 Gold Reserve'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
LPKGF	20.78	8.06	0.00	2.60	0.00	0.00	0.00	0.00	593.22
GBARF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LUGDF	1.78	0.22	0.04	(2.72)	2.15	(1.89)	3.70	(3.01)	11.01
LGDTF	3.05	(0.48)	0.00	(0.83)	0.00	0.00	4.76	(6.90)	18.80
OSIIF	0.70	0.10	(0.01)	2.72	0.83	(1.33)	1.60	(1.57)	6.84
MAIFF	3.59	0.35	0.01	(0.14)	3.85	(6.12)	8.70	(5.56)	32.05
MZZMF	6.11	1.54	0.07	(0.69)	6.30	(21.37)	14.29	(14.29)	116.00
AIRRF	2.30	(0.05)	(0.03)	0.01	2.93	(3.47)	5.13	(6.12)	15.14
MMRGF	4.52	(0.24)	0.00	(0.11)	0.00	0.00	7.14	(6.67)	26.90
RIOFF	2.42	0.32	0.06	16.98	2.24	(4.33)	5.77	(4.26)	16.67

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gold Reserve 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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