Harvest Gold Correlations
| HVGDF Stock | USD 0.05 0.01 21.78% |
The current 90-days correlation between Harvest Gold and Lake Winn Resources is -0.07 (i.e., Good diversification). The correlation of Harvest Gold 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.
Harvest Gold Correlation With Market
Good diversification
The correlation between Harvest Gold and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harvest Gold and DJI in the same portfolio, assuming nothing else is changed.
Harvest |
The ability to find closely correlated positions to Harvest Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harvest Gold 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 Harvest Gold - 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 Harvest Gold to buy it.
Moving against Harvest Pink Sheet
| 0.81 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.74 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.62 | AU | AngloGold Ashanti plc | PairCorr |
| 0.61 | KGC | Kinross Gold | PairCorr |
| 0.6 | SHG | Shinhan Financial | PairCorr |
| 0.57 | GOLD | Gold, Inc Symbol Change | PairCorr |
| 0.57 | KB | KB Financial Group | PairCorr |
| 0.49 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.47 | PBCRY | Bank Central Asia | PairCorr |
| 0.4 | PBCRF | PT Bank Central | PairCorr |
| 0.4 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.35 | WPM | Wheaton Precious Metals | PairCorr |
| 0.31 | GFI | Gold Fields | PairCorr |
| 0.8 | APGE | Apogee Therapeutics, | PairCorr |
| 0.79 | CM | Canadian Imperial Bank | PairCorr |
| 0.77 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.72 | SHIP | Seanergy Maritime | PairCorr |
| 0.67 | KYOCF | Kyocera | PairCorr |
| 0.65 | CHACR | Crane Harbor Acquisition | PairCorr |
| 0.64 | NOEM | CO2 Energy Transition | PairCorr |
| 0.6 | PHAR | Pharming Group NV | PairCorr |
| 0.58 | IDN | Intellicheck Mobilisa | PairCorr |
| 0.48 | ZPTA | Zapata Computing Holdings Tech Boost | PairCorr |
| 0.44 | WF | Woori Financial Group | PairCorr |
| 0.41 | ULTA | Ulta Beauty | PairCorr |
| 0.38 | ARRXF | Archer Materials | PairCorr |
| 0.34 | ASTI | Ascent Solar Technol Upward Rally | PairCorr |
| 0.75 | HL | Hecla Mining | PairCorr |
| 0.71 | DDS | Dillards, | PairCorr |
| 0.7 | RLMD | Relmada Therapeutics | PairCorr |
| 0.56 | EOLS | Evolus Inc | 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Harvest Pink Sheet performing well and Harvest Gold 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 Harvest Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VVCVF | 8.25 | 0.91 | 0.04 | (0.51) | 9.70 | 29.87 | 122.70 | |||
| MRLLF | 8.48 | 2.43 | 0.00 | 2.05 | 0.00 | 16.28 | 242.71 | |||
| EQTXF | 16.91 | 8.48 | 0.00 | 6.38 | 0.00 | 0.00 | 566.67 | |||
| GBBFF | 6.91 | 1.14 | 0.03 | (0.19) | 8.46 | 33.33 | 58.33 | |||
| SUIFF | 1.34 | (0.67) | 0.00 | 1.19 | 0.00 | 0.00 | 34.44 | |||
| AURQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XXMMF | 3.03 | (0.54) | 0.00 | (2.66) | 0.00 | 7.69 | 44.97 | |||
| BTUMF | 3.60 | 0.57 | 0.05 | (0.75) | 4.03 | 20.07 | 42.62 | |||
| PLMNF | 3.03 | (0.14) | 0.00 | (0.13) | 0.00 | 12.94 | 34.12 | |||
| PMDRF | 1.51 | (0.71) | 0.00 | (1.10) | 0.00 | 0.00 | 29.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Harvest Gold 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?
Run Competition Analyzer Now
Competition AnalyzerAnalyze and compare many basic indicators for a group of related or unrelated entities |
| All Next | Launch Module |