Graphite One Correlations

GPH Stock

CAD 2.30 0.04 1.71%

The current 90-days correlation between Graphite One and Frontier Lithium is 0.18 (i.e., Average diversification). The correlation of Graphite One 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Graphite One Correlation With Market

Poor diversification

The correlation between Graphite One and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphite One and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Graphite Stock

0.9	AG	First Majestic Silver	Pair Corr
0.77	IE	Ivanhoe Energy	Pair Corr
0.92	ORE	Orezone Gold Corp	Pair Corr
0.77	FDR	Flinders Resources	Pair Corr
0.89	FDY	Faraday Copper Corp	Pair Corr
0.79	GOOG	Alphabet CDR Earnings Call This Week	Pair Corr
0.79	GOOG	Alphabet CDR	Pair Corr
0.72	AC	Air Canada	Pair Corr
0.66	BZ	Benz Mining Corp	Pair Corr
0.76	OMM	Omineca Mining	Pair Corr
0.81	DIR-UN	Dream Industrial Real	Pair Corr
0.89	GMG	Graphene Manufacturing	Pair Corr
0.87	FFN	North American Financial	Pair Corr
0.8	LA	Los Andes Copper Earnings Call This Week	Pair Corr
0.94	IGM	IGM Financial	Pair Corr

Moving against Graphite Stock

0.88	NFLX	Netflix Inc CDR	Pair Corr
0.83	MSFT	Microsoft Corp CDR	Pair Corr
0.83	MSFT	Microsoft CDR Earnings Call Tomorrow	Pair Corr
0.51	AAPL	Apple Inc CDR	Pair Corr
0.51	AAPL	Apple CDR Earnings Call This Week	Pair Corr
0.45	INFM	Infinico Metals Corp	Pair Corr
0.4	NVDA	NVIDIA CDR	Pair Corr
0.4	NVDA	Nvidia CDR	Pair Corr

Related Correlations Analysis

	FL	CVV	GLO	MOON	KLD	GEO	DBG	LAM	NIM	GENM
FL		0.3	0.55	0.8	0.77	0.15	0.72	0.71	0.29	0.26	FL
CVV	0.3		0.09	0.0	0.02	-0.47	0.06	0.67	0.28	-0.18	CVV
GLO	0.55	0.09		0.87	0.81	0.68	0.56	0.49	0.47	0.77	GLO
MOON	0.8	0.0	0.87		0.93	0.64	0.81	0.52	0.47	0.67	MOON
KLD	0.77	0.02	0.81	0.93		0.56	0.76	0.44	0.53	0.74	KLD
GEO	0.15	-0.47	0.68	0.64	0.56		0.34	-0.12	0.24	0.75	GEO
DBG	0.72	0.06	0.56	0.81	0.76	0.34		0.49	0.42	0.4	DBG
LAM	0.71	0.67	0.49	0.52	0.44	-0.12	0.49		0.41	0.11	LAM
NIM	0.29	0.28	0.47	0.47	0.53	0.24	0.42	0.41		0.59	NIM
GENM	0.26	-0.18	0.77	0.67	0.74	0.75	0.4	0.11	0.59		GENM
	FL	CVV	GLO	MOON	KLD	GEO	DBG	LAM	NIM	GENM

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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

KLD	+ 0.93	MOON
MOON	+ 0.87	GLO
KLD	+ 0.81	GLO
DBG	+ 0.81	MOON
MOON	+ 0.8	FL
KLD	+ 0.77	FL

High negative correlations

GEO	- 0.47	CVV
GENM	- 0.18	CVV
LAM	- 0.12	GEO
MOON	- 0.0	CVV

Risk-Adjusted Indicators

There is a big difference between Graphite Stock performing well and Graphite One 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 Graphite One'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
FL	3.23	1.00	0.24	(3.30)	2.66	(4.94)	9.41	(4.76)	24.24
CVV	4.89	0.33	0.03	(0.99)	6.03	(6.30)	11.27	(8.06)	33.69
GLO	4.22	0.99	0.16	(19.76)	4.52	(5.97)	10.34	(6.45)	43.61
MOON	2.53	0.92	0.36	1.52	1.81	(3.29)	6.31	(4.14)	14.11
KLD	2.81	1.03	0.35	(8.38)	1.95	(3.66)	7.91	(4.24)	18.09
GEO	1.35	0.09	0.00	(0.48)	1.84	(1.43)	2.73	(2.34)	11.95
DBG	4.08	0.87	0.21	0.51	3.49	(5.81)	15.32	(6.93)	37.26
LAM	3.90	0.61	0.13	1.00	3.83	(4.96)	9.23	(6.78)	22.05
NIM	2.53	0.17	0.04	0.51	3.15	(3.19)	4.90	(4.60)	28.32
GENM	3.94	0.47	0.09	0.50	4.32	(4.75)	9.64	(6.02)	26.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in Graphite One 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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Graphite One Corporate Management

Elected by the shareholders, the Graphite One's board of directors comprises two types of representatives: Graphite One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Graphite. The board's role is to monitor Graphite One's management team and ensure that shareholders' interests are well served. Graphite One'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, Graphite One's outside directors are responsible for providing unbiased perspectives on the board's policies.

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