International Metals Correlations

IMM Stock

CAD 0.07 0.01 6.67%

The current 90-days correlation between International Metals and Sparx Technology is -0.12 (i.e., Good diversification). The correlation of International Metals 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.

International Metals Correlation With Market

Significant diversification

The correlation between International Metals Mining and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Metals Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with International Stock

0.72	ORE	Orezone Gold Corp	Pair Corr
0.69	INFM	Infinico Metals Corp	Pair Corr
0.68	TD	Toronto Dominion Bank	Pair Corr
0.65	TKU	Tarku Resources	Pair Corr

Moving against International Stock

0.82	JPM	JPMorgan Chase	Pair Corr
0.82	BOFA	Bank of America	Pair Corr
0.82	NOA	North American Const	Pair Corr
0.81	Y	Yellow Pages Limited	Pair Corr
0.8	RY-PJ	Royal Bank	Pair Corr
0.8	VLE	Valeura Energy	Pair Corr
0.79	ENS	E Split Corp	Pair Corr
0.77	RY-PM	Royal Bank	Pair Corr
0.77	RY-PS	Royal Bank	Pair Corr
0.77	RY	Royal Bank	Pair Corr
0.76	AKT-A	AKITA Drilling	Pair Corr
0.73	FFH-PF	Fairfax Financial	Pair Corr
0.71	OM	Osisko Metals	Pair Corr
0.69	EIF	Exchange Income	Pair Corr
0.69	ET	Evertz Technologies	Pair Corr
0.67	RY-PO	Royal Bank	Pair Corr
0.66	FSZ	Fiera Capital	Pair Corr
0.65	ORA	Aura Minerals	Pair Corr
0.65	PEY	Peyto ExplorationDevel	Pair Corr
0.61	RY-PN	Royal Bank	Pair Corr
0.55	AAPL	Apple Inc CDR	Pair Corr
0.78	HUT	Hut 8 Mining	Pair Corr
0.77	FFH-PH	Fairfax Financial	Pair Corr
0.76	ENS-PA	E Split Corp	Pair Corr
0.75	ECN	ECN Capital Corp	Pair Corr
0.74	TCS	TECSYS Inc	Pair Corr
0.73	ERE-UN	European Residential Real	Pair Corr
0.71	DGS	Dividend Growth Split	Pair Corr
0.71	PRU	Perseus Mining	Pair Corr
0.66	DBO	D Box Technologies	Pair Corr

Related Correlations Analysis

	IGBT-UN	NPTH	CSU	SPRX	SOLI-P	GYM	OVT	ET
IGBT-UN		0.22	0.59	0.26	0.0	0.0	-0.05	0.55	IGBT-UN
NPTH	0.22		0.42	0.62	0.0	0.0	0.59	0.41	NPTH
CSU	0.59	0.42		0.79	0.0	0.0	0.42	0.81	CSU
SPRX	0.26	0.62	0.79		0.0	0.0	0.65	0.8	SPRX
SOLI-P	0.0	0.0	0.0	0.0		-1.0	0.0	0.0	SOLI-P
GYM	0.0	0.0	0.0	0.0	-1.0		0.0	0.0	GYM
OVT	-0.05	0.59	0.42	0.65	0.0	0.0		0.44	OVT
ET	0.55	0.41	0.81	0.8	0.0	0.0	0.44		ET
	IGBT-UN	NPTH	CSU	SPRX	SOLI-P	GYM	OVT	ET

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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

ET	+ 0.81	CSU
ET	+ 0.8	SPRX
SPRX	+ 0.79	CSU
OVT	+ 0.65	SPRX
SPRX	+ 0.62	NPTH
CSU	+ 0.59	IGBT-UN

High negative correlations

GYM	- 1.0	SOLI-P
OVT	- 0.05	IGBT-UN
ET	- 0.0	GYM
OVT	- 0.0	GYM
ET	- 0.0	SOLI-P
OVT	- 0.0	SOLI-P

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Metals 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 International Metals' 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
IGBT-UN	0.48	(0.03)	0.00	0.37	0.00	0.00	1.26	(1.26)	3.82
NPTH	2.42	0.23	0.03	(1.10)	2.66	(6.29)	6.25	(5.88)	15.79
CSU	1.07	0.02	0.00	0.18	1.43	(1.05)	1.85	(2.16)	7.22
SPRX	1.42	0.30	0.15	1.83	1.65	(1.57)	3.59	(2.67)	11.89
SOLI-P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GYM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OVT	2.54	0.60	0.06	(1.14)	2.65	(9.65)	8.33	(7.14)	27.88
ET	0.92	0.07	0.05	0.40	0.91	(1.10)	2.44	(1.80)	5.44

Be your own money manager

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

Elected by the shareholders, the International Metals' board of directors comprises two types of representatives: International Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of International. The board's role is to monitor International Metals' management team and ensure that shareholders' interests are well served. International Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, International Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.

Shim BA	Chief Officer	Profile
Brittney Thompson	Chief Officer	Profile
BA BBA	Chief Officer	Profile
Nancy Couvee	Corporate Secretary	Profile
Kelsey Chin	Corporate Secretary	Profile
Shim BBA	Chief Officer	Profile

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