Ivanhoe Mines Correlations
| IVPAF Stock | USD 11.38 0.04 0.35% |
The current 90-days correlation between Ivanhoe Mines and IGO Limited is 0.17 (i.e., Average diversification). The correlation of Ivanhoe Mines 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.
Ivanhoe Mines Correlation With Market
Modest diversification
The correlation between Ivanhoe Mines and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivanhoe Mines and DJI in the same portfolio, assuming nothing else is changed.
Ivanhoe |
The ability to find closely correlated positions to Ivanhoe Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ivanhoe Mines 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 Ivanhoe Mines - 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 Ivanhoe Mines to buy it.
Moving together with Ivanhoe OTC Stock
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| 0.76 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.66 | HYMTF | Hyundai Motor Earnings Call This Week | PairCorr |
| 0.72 | KB | KB Financial Group | PairCorr |
Moving against Ivanhoe OTC Stock
| 0.52 | GCMGW | GCM Grosvenor | PairCorr |
| 0.43 | ASTSW | AST SpaceMobile | PairCorr |
| 0.82 | JBL | Jabil Circuit | PairCorr |
| 0.75 | TATT | Tat Techno | PairCorr |
| 0.74 | CLS | Celestica | PairCorr |
| 0.74 | AAL | American Airlines Earnings Call This Week | PairCorr |
| 0.71 | OPFI | OppFi Inc | PairCorr |
| 0.71 | SOUN | SoundHound AI | PairCorr |
| 0.66 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.65 | FSK | FS KKR Capital | PairCorr |
| 0.56 | ITCI | Intracellular Th Trending | PairCorr |
| 0.5 | WMT | Walmart | PairCorr |
| 0.42 | ELEV | Elevation Oncology | PairCorr |
| 0.83 | GOOGL | Alphabet Class A | PairCorr |
| 0.81 | ZVIA | Zevia Pbc | PairCorr |
| 0.64 | MITQ | Moving iMage Technologies | PairCorr |
| 0.63 | TNXP | Tonix Pharmaceuticals | PairCorr |
| 0.61 | BKYI | BIO Key International | PairCorr |
| 0.58 | WSM | Williams Sonoma | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ivanhoe OTC Stock performing well and Ivanhoe Mines OTC Stock 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 Ivanhoe Mines' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FURY | 2.68 | (0.21) | 0.00 | 6.21 | 0.00 | 5.00 | 16.73 | |||
| EMX | 1.42 | (0.17) | 0.00 | 15.55 | 0.00 | 3.21 | 8.15 | |||
| WRN | 2.00 | (0.26) | 0.00 | 0.51 | 0.00 | 3.96 | 20.61 | |||
| NKGFF | 4.52 | (0.21) | 0.00 | (0.46) | 0.00 | 11.11 | 32.47 | |||
| AAGFF | 4.57 | 0.20 | 0.03 | (9.09) | 4.81 | 10.26 | 23.61 | |||
| ILKAY | 1.30 | (0.53) | 0.00 | (2.02) | 0.00 | 1.56 | 16.12 | |||
| ERMAF | 1.27 | (0.29) | 0.00 | (0.37) | 0.00 | 5.00 | 15.41 | |||
| CATPF | 5.27 | 0.38 | 0.02 | 0.15 | 6.85 | 20.00 | 85.00 | |||
| IPGDF | 1.16 | (0.37) | 0.00 | 6.13 | 0.00 | 1.97 | 15.48 | |||
| MSMGF | 4.63 | 0.01 | 0.00 | (0.02) | 5.76 | 13.54 | 47.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ivanhoe Mines 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?
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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Ivanhoe Mines Corporate Management
Elected by the shareholders, the Ivanhoe Mines' board of directors comprises two types of representatives: Ivanhoe Mines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ivanhoe. The board's role is to monitor Ivanhoe Mines' management team and ensure that shareholders' interests are well served. Ivanhoe Mines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ivanhoe Mines' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mark Farren | Executive VP of Operations | Profile | |
| David Heerden | Chief Officer | Profile | |
| Setha Makhesha | Ex Projects | Profile | |
| Pierre Joubert | Ex Services | Profile | |
| Matthew Keevil | Director Communications | Profile | |
| Stephen PGeo | VP Geosciences | Profile | |
| Mary Vincelli | Corporate Secretary | Profile |