Jasper Mining Correlations

JAMGF Stock

USD 0.03 0.00 0.00%

The current 90-days correlation between Jasper Mining and StrikePoint Gold is -0.02 (i.e., Good diversification). The correlation of Jasper Mining 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.

Jasper Mining Correlation With Market

Poor diversification

The correlation between Jasper Mining and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jasper Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jasper Pink Sheet

0.61	ATCOL	Atlas Corp	Pair Corr
0.71	PBMRF	PT Bumi Resources	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.62	PFE	Pfizer Inc	Pair Corr
0.86	INTC	Intel	Pair Corr
0.83	DD	Dupont De Nemours	Pair Corr
0.82	CAT	Caterpillar	Pair Corr
0.71	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.79	HD	Home Depot	Pair Corr
0.76	AA	Alcoa Corp	Pair Corr
0.84	BA	Boeing	Pair Corr

Moving against Jasper Pink Sheet

0.86	HPQ	HP Inc	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.7	ADVWW	Advantage Solutions	Pair Corr
0.7	GCMGW	GCM Grosvenor	Pair Corr
0.68	MAPSW	WM Technology	Pair Corr
0.46	PBCRF	PT Bank Central	Pair Corr

Related Correlations Analysis

	STKXF	PMOMF	HBKRF	FEERF	PXCLY	CCEDF	WTCZF	EVKRF	GQMLF	ORMNF
STKXF		0.45	0.0	0.73	0.55	0.29	0.13	0.66	0.0	0.59	STKXF
PMOMF	0.45		0.0	0.28	0.39	0.14	-0.22	0.4	0.0	0.5	PMOMF
HBKRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	1.0	0.0	HBKRF
FEERF	0.73	0.28	0.0		0.67	0.21	0.12	0.57	0.0	0.66	FEERF
PXCLY	0.55	0.39	0.0	0.67		0.23	-0.01	0.5	0.0	0.53	PXCLY
CCEDF	0.29	0.14	0.0	0.21	0.23		-0.23	0.07	0.0	0.06	CCEDF
WTCZF	0.13	-0.22	0.0	0.12	-0.01	-0.23		0.17	0.0	0.0	WTCZF
EVKRF	0.66	0.4	0.0	0.57	0.5	0.07	0.17		0.0	0.37	EVKRF
GQMLF	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0		0.0	GQMLF
ORMNF	0.59	0.5	0.0	0.66	0.53	0.06	0.0	0.37	0.0		ORMNF
	STKXF	PMOMF	HBKRF	FEERF	PXCLY	CCEDF	WTCZF	EVKRF	GQMLF	ORMNF

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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

GQMLF	+ 1.0	HBKRF
FEERF	+ 0.73	STKXF
PXCLY	+ 0.67	FEERF
EVKRF	+ 0.66	STKXF
ORMNF	+ 0.66	FEERF
ORMNF	+ 0.59	STKXF

High negative correlations

WTCZF	- 0.23	CCEDF
WTCZF	- 0.22	PMOMF
WTCZF	- 0.01	PXCLY
ORMNF	- 0.0	GQMLF
GQMLF	- 0.0	EVKRF
ORMNF	- 0.0	WTCZF

Risk-Adjusted Indicators

There is a big difference between Jasper Pink Sheet performing well and Jasper Mining 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 Jasper Mining'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
STKXF	6.99	0.40	0.05	0.24	7.41	(10.66)	16.67	(9.09)	41.26
PMOMF	6.67	(0.09)	0.01	0.06	8.30	(8.61)	16.65	(14.29)	56.08
HBKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FEERF	7.19	2.22	0.19	(4.87)	6.80	(11.88)	24.86	(10.16)	60.91
PXCLY	1.31	(0.36)	0.00	1.16	0.00	0.00	0.00	0.00	18.52
CCEDF	14.44	2.54	0.10	1.43	14.38	(36.66)	67.00	(33.33)	153.92
WTCZF	14.76	2.58	0.10	(6.92)	14.26	(24.39)	42.11	(26.00)	130.23
EVKRF	4.56	(0.11)	0.00	0.05	4.91	(6.67)	13.04	(8.33)	23.20
GQMLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORMNF	5.76	0.85	0.08	0.70	6.28	(10.49)	13.33	(12.50)	57.14

Be your own money manager

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

Mark CPA	VP CFO	Profile
Bronwyn Inkster	Co Sec	Profile
Greg MSc	VP Exploration	Profile
Dena Dixon	Assistant Treasurer	Profile
Timothy Freitas	CEO Pres	Profile

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