Integra Resources Correlations

ITRG Stock

USD 1.03 0.03 2.83%

The current 90-days correlation between Integra Resources Corp and AbraSilver Resource Corp is 0.02 (i.e., Significant diversification). The correlation of Integra Resources 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.

Integra Resources Correlation With Market

Average diversification

The correlation between Integra Resources Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integra Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Integra Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Integra Stock

0.69	HL	Hecla Mining Aggressive Push	Pair Corr
0.64	ASM	Avino Silver Gold	Pair Corr
0.69	MTA	Metalla Royalty Streaming	Pair Corr
0.73	GROY	Gold Royalty Corp	Pair Corr
0.62	TFPM	Triple Flag Precious	Pair Corr
0.68	MT	ArcelorMittal SA ADR Earnings Call This Week	Pair Corr

Moving against Integra Stock

0.53	SLSR	Solaris Resources	Pair Corr
0.37	CF	CF Industries Holdings Sell-off Trend	Pair Corr

Related Correlations Analysis

	SLVTF	DNCVF	SSVRF	ABBRF	BBBXF	GLGDF	RGXTF	PGLDF	MXROF	PEXZF
SLVTF		0.39	0.65	0.23	-0.09	0.68	0.6	0.11	0.44	-0.19	SLVTF
DNCVF	0.39		0.5	0.58	0.56	0.65	0.46	0.69	0.3	0.03	DNCVF
SSVRF	0.65	0.5		0.44	0.28	0.78	0.65	0.43	0.58	-0.37	SSVRF
ABBRF	0.23	0.58	0.44		0.54	0.59	0.6	0.56	0.52	0.16	ABBRF
BBBXF	-0.09	0.56	0.28	0.54		0.17	0.31	0.72	0.21	0.1	BBBXF
GLGDF	0.68	0.65	0.78	0.59	0.17		0.69	0.46	0.72	-0.16	GLGDF
RGXTF	0.6	0.46	0.65	0.6	0.31	0.69		0.39	0.62	-0.02	RGXTF
PGLDF	0.11	0.69	0.43	0.56	0.72	0.46	0.39		0.28	0.07	PGLDF
MXROF	0.44	0.3	0.58	0.52	0.21	0.72	0.62	0.28		-0.14	MXROF
PEXZF	-0.19	0.03	-0.37	0.16	0.1	-0.16	-0.02	0.07	-0.14		PEXZF
	SLVTF	DNCVF	SSVRF	ABBRF	BBBXF	GLGDF	RGXTF	PGLDF	MXROF	PEXZF

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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

GLGDF	+ 0.78	SSVRF
PGLDF	+ 0.72	BBBXF
MXROF	+ 0.72	GLGDF
PGLDF	+ 0.69	DNCVF
RGXTF	+ 0.69	GLGDF
GLGDF	+ 0.68	SLVTF

High negative correlations

PEXZF	- 0.37	SSVRF
PEXZF	- 0.19	SLVTF
PEXZF	- 0.16	GLGDF
PEXZF	- 0.14	MXROF
BBBXF	- 0.09	SLVTF
PEXZF	- 0.02	RGXTF

Risk-Adjusted Indicators

There is a big difference between Integra Stock performing well and Integra Resources 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 Integra Resources' 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
SLVTF	3.44	0.32	0.04	0.65	3.54	(7.26)	6.67	(6.25)	25.10
DNCVF	4.86	(0.09)	(0.01)	0.03	5.51	(9.16)	13.33	(12.50)	28.72
SSVRF	3.72	(0.09)	0.00	(0.04)	0.00	0.00	9.09	(7.69)	20.63
ABBRF	2.81	(0.23)	0.00	(3.63)	0.00	0.00	6.42	(7.47)	16.40
BBBXF	3.32	(0.36)	0.00	3.54	0.00	0.00	6.67	(6.67)	23.33
GLGDF	2.47	0.01	(0.03)	0.02	2.73	(3.37)	6.85	(5.00)	12.72
RGXTF	13.17	1.38	0.08	0.58	13.43	(19.26)	41.89	(29.58)	90.66
PGLDF	5.04	(0.22)	0.00	(0.02)	0.00	0.00	15.00	(12.50)	31.11
MXROF	4.21	0.57	0.00	(0.04)	0.00	0.00	33.33	(25.00)	58.33
PEXZF	25.86	10.68	0.44	(19.21)	15.12	(45.63)	14.29	(19.05)	717.65

Integra Resources Corporate Management

Mark Stockton	Vice Sustainability	Profile
Jason Banducci	Vice Development	Profile
Andree MBA	Chief Officer	Profile
Timothy PE	Chief Officer	Profile
Raphael Dutaut	Vice Exploration	Profile

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