Generation Mining Correlations
| GENM Stock | CAD 0.69 0.01 1.47% |
The current 90-days correlation between Generation Mining and American Lithium Corp is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Generation Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Generation Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Generation Mining Correlation With Market
Average diversification
The correlation between Generation Mining and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generation Mining and DJI in the same portfolio, assuming nothing else is changed.
Generation |
The ability to find closely correlated positions to Generation 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 Generation 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 Generation 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 Generation Mining to buy it.
Moving together with Generation Stock
| 0.75 | AG | First Majestic Silver | PairCorr |
| 0.66 | IE | Ivanhoe Energy | PairCorr |
| 0.78 | ORE | Orezone Gold Corp | PairCorr |
| 0.74 | FDY | Faraday Copper Corp | PairCorr |
| 0.85 | FFH | Fairfax Financial | PairCorr |
| 0.73 | FFH-PI | Fairfax Financial | PairCorr |
| 0.64 | BEP-PM | Brookfield Renewable | PairCorr |
| 0.62 | LGC | Lavras Gold Corp | PairCorr |
| 0.69 | PX | Pelangio Exploration | PairCorr |
| 0.63 | AUXX | Gold X2 Mining | PairCorr |
| 0.69 | TSLV | Tier One Silver | PairCorr |
| 0.67 | VOXR | Vox Royalty Corp | PairCorr |
| 0.79 | DAU | Desert Gold Ventures | PairCorr |
| 0.87 | SOI | Sirios Resources | PairCorr |
| 0.67 | GSPR | GSP Resource Corp Earnings Call Next Week | PairCorr |
| 0.68 | LNR | Linamar | PairCorr |
| 0.81 | MMG | Metallic Minerals Corp | PairCorr |
| 0.63 | SNG | Silver Range Resources | PairCorr |
Moving against Generation Stock
| 0.52 | ACU | Aurora Solar Technologies | PairCorr |
| 0.51 | AML | Argus Metals Corp | PairCorr |
| 0.36 | INFM | Infinico Metals Corp | PairCorr |
| 0.34 | HPS-A | Hammond Power Solutions | PairCorr |
| 0.36 | PPL | Pembina Pipeline Corp | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Generation Stock performing well and Generation Mining 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 Generation 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LI | 4.59 | (0.13) | 0.00 | (0.11) | 0.00 | 12.50 | 26.96 | |||
| KLD | 2.86 | 0.86 | 0.26 | (15.73) | 2.19 | 7.91 | 18.09 | |||
| FURY | 3.48 | (0.06) | 0.00 | (1.84) | 0.00 | 7.79 | 28.65 | |||
| LIFT | 5.23 | 1.06 | 0.17 | 2.39 | 5.64 | 12.56 | 39.14 | |||
| FPX | 3.95 | 0.18 | 0.05 | 0.17 | 4.28 | 9.30 | 27.91 | |||
| GLO | 4.49 | 0.50 | 0.05 | (35.59) | 5.90 | 10.34 | 43.61 | |||
| BCM | 6.98 | 0.70 | 0.06 | (2.21) | 9.16 | 18.37 | 61.22 | |||
| BMM | 4.41 | 0.80 | 0.19 | 0.66 | 4.06 | 10.47 | 33.21 | |||
| CVV | 4.88 | 0.05 | (0.01) | (0.06) | 6.06 | 11.27 | 33.69 | |||
| PWM | 3.57 | (0.44) | 0.00 | (1.23) | 0.00 | 6.98 | 26.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Generation 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.Did you try this?
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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Generation Mining Corporate Management
Elected by the shareholders, the Generation Mining's board of directors comprises two types of representatives: Generation Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Generation. The board's role is to monitor Generation Mining's management team and ensure that shareholders' interests are well served. Generation 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, Generation Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BSc CA | Chief Officer | Profile | |
| Patricia B | Interim Officer | Profile | |
| Mauro Bassotti | Vice Geology | Profile | |
| Ruben PEng | Vice Sustainability | Profile | |
| Elizabeth Wilkinson | Vice Relations | Profile | |
| Adam Segal | General Secretary | Profile |