Juggernaut Exploration Correlations

JUGRF Stock

USD 1.19 0.04 3.48%

The current 90-days correlation between Juggernaut Exploration and Sun Summit Minerals is 0.08 (i.e., Significant diversification). The correlation of Juggernaut Exploration 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.

Juggernaut Exploration Correlation With Market

Very poor diversification

The correlation between Juggernaut Exploration and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Juggernaut Exploration and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Juggernaut Pink Sheet

0.74	BHPLF	BHP Group Limited	Pair Corr
0.76	BHP	BHP Group Limited	Pair Corr
0.77	RIO	Rio Tinto ADR	Pair Corr
0.74	RTNTF	Rio Tinto Group	Pair Corr
0.81	RTPPF	Rio Tinto Group	Pair Corr
0.86	GLCNF	Glencore PLC	Pair Corr
0.86	GLNCY	Glencore PLC ADR	Pair Corr
0.79	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.75	ICAGY	International Consolidated Earnings Call This Week	Pair Corr
0.74	WZZZY	Wizz Air Holdings	Pair Corr
0.72	MOG-A	Moog Inc	Pair Corr
0.63	CGON	CG Oncology Common	Pair Corr
0.68	FMFP	First Community Financial	Pair Corr
0.63	CAPL	Crossamerica Partners Earnings Call Tomorrow	Pair Corr
0.67	TFC	Truist Financial Corp	Pair Corr
0.69	ENBP	ENB Financial Corp	Pair Corr
0.79	ESCA	Escalade Incorporated	Pair Corr
0.64	GEL	Genesis Energy LP	Pair Corr
0.87	ALEEF	Alerio Gold Corp	Pair Corr
0.7	TWODF	Taylor Wimpey plc	Pair Corr
0.82	CMI	Cummins	Pair Corr
0.65	UAMY	United States Antimony Buyout Trend	Pair Corr
0.66	CMTV	Community Bancorp Common	Pair Corr

Moving against Juggernaut Pink Sheet

0.32	HWNI	High Wire Networks	Pair Corr
0.72	TTCM	Tautachrome	Pair Corr

Related Correlations Analysis

	SMREF	MNXXF	MTLFF	USREF	ATCMF	LIMFF	QZMRF	ARIZF	CMRZF	ANLBF
SMREF		0.43	-0.31	-0.41	0.44	-0.17	0.5	0.52	0.52	0.59	SMREF
MNXXF	0.43		-0.45	-0.23	0.64	-0.14	0.71	0.75	0.66	0.61	MNXXF
MTLFF	-0.31	-0.45		0.58	-0.47	0.4	-0.81	-0.58	-0.49	-0.78	MTLFF
USREF	-0.41	-0.23	0.58		-0.27	-0.05	-0.64	-0.61	-0.45	-0.6	USREF
ATCMF	0.44	0.64	-0.47	-0.27		-0.05	0.68	0.72	0.81	0.71	ATCMF
LIMFF	-0.17	-0.14	0.4	-0.05	-0.05		-0.19	-0.12	-0.11	-0.18	LIMFF
QZMRF	0.5	0.71	-0.81	-0.64	0.68	-0.19		0.85	0.73	0.9	QZMRF
ARIZF	0.52	0.75	-0.58	-0.61	0.72	-0.12	0.85		0.8	0.76	ARIZF
CMRZF	0.52	0.66	-0.49	-0.45	0.81	-0.11	0.73	0.8		0.75	CMRZF
ANLBF	0.59	0.61	-0.78	-0.6	0.71	-0.18	0.9	0.76	0.75		ANLBF
	SMREF	MNXXF	MTLFF	USREF	ATCMF	LIMFF	QZMRF	ARIZF	CMRZF	ANLBF

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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

ANLBF	+ 0.9	QZMRF
ARIZF	+ 0.85	QZMRF
CMRZF	+ 0.81	ATCMF
CMRZF	+ 0.8	ARIZF
ANLBF	+ 0.76	ARIZF
ARIZF	+ 0.75	MNXXF

High negative correlations

QZMRF	- 0.81	MTLFF
ANLBF	- 0.78	MTLFF
QZMRF	- 0.64	USREF
ARIZF	- 0.61	USREF
ANLBF	- 0.6	USREF
ARIZF	- 0.58	MTLFF

Risk-Adjusted Indicators

There is a big difference between Juggernaut Pink Sheet performing well and Juggernaut Exploration 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 Juggernaut Exploration'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
SMREF	4.67	0.24	0.05	0.17	5.77	(5.89)	10.78	(9.09)	51.55
MNXXF	4.68	0.42	0.05	(0.96)	5.11	(6.35)	10.53	(9.09)	30.33
MTLFF	4.73	(0.68)	0.00	(5.68)	0.00	0.00	12.12	(7.69)	64.46
USREF	1.97	(0.36)	0.00	(10.61)	0.00	0.00	4.73	(7.53)	16.99
ATCMF	4.16	0.89	0.13	0.84	3.67	(7.51)	12.50	(7.41)	24.35
LIMFF	4.54	1.35	0.00	1.01	0.00	0.00	0.00	0.00	207.27
QZMRF	4.67	1.21	0.15	(1.76)	6.09	(5.24)	9.52	(9.09)	42.14
ARIZF	0.85	0.45	0.00	(0.99)	0.00	0.00	0.00	0.00	28.57
CMRZF	6.14	0.77	0.06	0.40	6.53	(14.39)	16.67	(14.29)	68.75
ANLBF	3.92	1.52	0.00	(3.89)	0.00	0.00	14.71	(2.86)	66.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Juggernaut Exploration 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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