IAMGold Correlations

The current 90-days correlation between IAMGold and Fortitude Gold Corp is 0.17 (i.e., Average diversification). The correlation of IAMGold 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.

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