Ioneer Correlations

GSCCF Stock

USD 0.15 0.01 7.14%

The correlation of Ioneer 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.

Ioneer Correlation With Market

Very weak diversification

The correlation between ioneer and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ioneer and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ioneer Pink Sheet

0.63	RIO	Rio Tinto ADR	Pair Corr
0.61	BHP	BHP Group Limited	Pair Corr
0.62	GLCNF	Glencore PLC	Pair Corr
0.62	GLNCY	Glencore PLC ADR	Pair Corr
0.63	CVX	Chevron Corp Earnings Call This Week	Pair Corr

Moving against Ioneer Pink Sheet

0.48	HPQ	HP Inc	Pair Corr
0.38	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	LTSRF	ECRAF	MRRDF	KMRPF	EMOTF	BENZF	AUMTF	SRHYY	SVMLF	EGMMF
LTSRF		0.72	0.07	0.35	-0.29	0.82	0.81	0.32	0.74	0.45	LTSRF
ECRAF	0.72		0.57	-0.03	-0.7	0.87	0.81	-0.15	0.57	0.33	ECRAF
MRRDF	0.07	0.57		-0.4	-0.66	0.31	0.23	-0.71	-0.13	-0.15	MRRDF
KMRPF	0.35	-0.03	-0.4		0.39	0.17	0.24	0.42	0.3	-0.12	KMRPF
EMOTF	-0.29	-0.7	-0.66	0.39		-0.5	-0.42	0.37	-0.1	-0.46	EMOTF
BENZF	0.82	0.87	0.31	0.17	-0.5		0.85	0.03	0.75	0.47	BENZF
AUMTF	0.81	0.81	0.23	0.24	-0.42	0.85		0.18	0.76	0.48	AUMTF
SRHYY	0.32	-0.15	-0.71	0.42	0.37	0.03	0.18		0.38	0.3	SRHYY
SVMLF	0.74	0.57	-0.13	0.3	-0.1	0.75	0.76	0.38		0.44	SVMLF
EGMMF	0.45	0.33	-0.15	-0.12	-0.46	0.47	0.48	0.3	0.44		EGMMF
	LTSRF	ECRAF	MRRDF	KMRPF	EMOTF	BENZF	AUMTF	SRHYY	SVMLF	EGMMF

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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

BENZF	+ 0.87	ECRAF
AUMTF	+ 0.85	BENZF
BENZF	+ 0.82	LTSRF
AUMTF	+ 0.81	LTSRF
AUMTF	+ 0.81	ECRAF
SVMLF	+ 0.76	AUMTF

High negative correlations

SRHYY	- 0.71	MRRDF
EMOTF	- 0.7	ECRAF
EMOTF	- 0.66	MRRDF
BENZF	- 0.5	EMOTF
EGMMF	- 0.46	EMOTF
AUMTF	- 0.42	EMOTF

Risk-Adjusted Indicators

There is a big difference between Ioneer Pink Sheet performing well and Ioneer 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 Ioneer'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
LTSRF	4.26	0.61	0.11	1.76	4.30	(5.50)	14.29	(6.94)	28.28
ECRAF	2.87	0.95	0.26	(9.95)	2.44	(3.88)	7.01	(5.34)	14.49
MRRDF	2.76	0.68	0.15	1.33	3.06	(3.58)	5.68	(5.36)	21.38
KMRPF	0.95	(0.01)	(0.02)	0.01	1.51	(2.43)	3.23	(3.50)	11.66
EMOTF	4.73	(0.08)	0.00	0.11	0.00	0.00	10.26	(6.98)	76.75
BENZF	3.02	0.77	0.19	2.03	2.78	(4.50)	8.08	(6.73)	19.47
AUMTF	5.25	0.85	0.07	0.40	5.83	(14.37)	20.00	(15.79)	51.82
SRHYY	8.92	0.42	0.02	0.55	11.06	(15.21)	23.81	(23.81)	86.31
SVMLF	3.63	0.28	0.06	0.27	4.08	(4.83)	6.25	(5.71)	37.38
EGMMF	0.27	(0.02)	0.00	0.00	0.00	0.00	0.00	0.00	9.02

Be your own money manager

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