IAMGold Correlations

IMG Stock

CAD 24.86 0.15 0.61%

The current 90-days correlation between IAMGold and B2Gold Corp is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IAMGold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IAMGold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IAMGold Correlation With Market

Poor diversification

The correlation between IAMGold and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IAMGold and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IAMGold Stock

0.94	AG	First Majestic Silver	Pair Corr
0.87	IE	Ivanhoe Energy	Pair Corr
0.93	ORE	Orezone Gold Corp	Pair Corr
0.8	FDR	Flinders Resources	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr
0.79	FFH-PI	Fairfax Financial	Pair Corr
0.65	FFH-PK	Fairfax Financial	Pair Corr

Related Correlations Analysis

	BTO	OR	ELD	OGC	EQX	NGD	PRU	CGG	ARTG	EDV
BTO		0.79	0.78	0.77	0.7	0.79	0.73	0.82	0.77	0.77	BTO
OR	0.79		0.97	0.98	0.85	0.99	0.93	0.94	0.94	0.94	OR
ELD	0.78	0.97		0.99	0.9	0.97	0.93	0.94	0.92	0.98	ELD
OGC	0.77	0.98	0.99		0.89	0.98	0.93	0.94	0.95	0.96	OGC
EQX	0.7	0.85	0.9	0.89		0.84	0.94	0.88	0.87	0.91	EQX
NGD	0.79	0.99	0.97	0.98	0.84		0.92	0.93	0.94	0.95	NGD
PRU	0.73	0.93	0.93	0.93	0.94	0.92		0.93	0.91	0.93	PRU
CGG	0.82	0.94	0.94	0.94	0.88	0.93	0.93		0.94	0.89	CGG
ARTG	0.77	0.94	0.92	0.95	0.87	0.94	0.91	0.94		0.88	ARTG
EDV	0.77	0.94	0.98	0.96	0.91	0.95	0.93	0.89	0.88		EDV
	BTO	OR	ELD	OGC	EQX	NGD	PRU	CGG	ARTG	EDV

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Risk-Adjusted Indicators

There is a big difference between IAMGold Stock performing well and IAMGold 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 IAMGold'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
BTO	2.34	(0.02)	(0.01)	0.00	3.93	(2.04)	4.60	(5.99)	12.91
OR	1.76	0.29	0.09	0.45	2.68	(1.87)	4.09	(2.87)	8.42
ELD	2.06	0.77	0.27	0.77	2.11	(2.42)	4.82	(3.01)	11.64
OGC	2.25	0.56	0.16	0.51	3.04	(2.31)	4.57	(4.28)	12.23
EQX	2.49	0.41	0.12	0.53	3.16	(2.60)	6.11	(5.04)	14.59
NGD	3.13	0.68	0.18	0.37	3.56	(3.75)	7.68	(4.39)	20.09
PRU	2.02	0.30	0.08	0.41	3.22	(2.08)	4.01	(3.98)	13.74
CGG	2.80	0.60	0.12	0.82	3.99	(2.88)	5.57	(5.33)	17.68
ARTG	2.32	0.34	0.10	0.46	2.88	(2.35)	6.14	(5.61)	15.78
EDV	2.10	0.43	0.13	1.11	2.76	(2.22)	4.78	(4.22)	12.37

Be your own money manager

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

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

Annie Lagace	Chief Officer	Profile
Annie Lagac	Chief Officer	Profile
Stephen Eddy	Senior Development	Profile
Dorena Quinn	Senior People	Profile
Bruno Lemelin	Chief Officer	Profile
AnnieTorkia Lagace	Chief Officer	Profile

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