Kincora Copper Correlations
| KCC Stock | CAD 0.96 0.03 3.23% |
The current 90-days correlation between Kincora Copper and Minaurum Silver is 0.06 (i.e., Significant diversification). The correlation of Kincora Copper 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.
Kincora Copper Correlation With Market
Good diversification
The correlation between Kincora Copper and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kincora Copper and DJI in the same portfolio, assuming nothing else is changed.
Kincora |
The ability to find closely correlated positions to Kincora Copper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kincora Copper 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 Kincora Copper - 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 Kincora Copper to buy it.
Moving against Kincora Stock
Related Correlations Analysis
Risk-Adjusted Indicators
There is a big difference between Kincora Stock performing well and Kincora Copper 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 Kincora Copper'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Kincora Copper 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?
Run Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Kincora Copper Corporate Management
Elected by the shareholders, the Kincora Copper's board of directors comprises two types of representatives: Kincora Copper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kincora. The board's role is to monitor Kincora Copper's management team and ensure that shareholders' interests are well served. Kincora Copper's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kincora Copper's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sam McRae | Executive | Profile | |
| Molor Erdenebat | Head Geologist | Profile | |
| Peter Leaman | Senior Exploration | Profile | |
| David LLB | Legal Counsel | Profile | |
| LLB LLB | Legal Counsel | Profile |