Kermode Resources Correlations

KMDRF Stock

USD 0 0 62.03%

The current 90-days correlation between Kermode Resources and Allegiant Gold is 0.2 (i.e., Modest diversification). The correlation of Kermode 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.

Kermode Resources Correlation With Market

Poor diversification

The correlation between Kermode Resources and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kermode Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kermode Pink Sheet

0.77	NEM	Newmont Goldcorp Corp Earnings Call Today	Pair Corr
0.71	AEM	Agnico Eagle Mines	Pair Corr
0.76	WPM	Wheaton Precious Metals	Pair Corr
0.72	AU	AngloGold Ashanti plc Earnings Call Tomorrow	Pair Corr
0.78	ZIJMY	Zijin Mining Group	Pair Corr
0.77	ZIJMF	Zijin Mining Group	Pair Corr
0.79	KGC	Kinross Gold	Pair Corr
0.74	GFI	Gold Fields Earnings Call Today	Pair Corr
0.72	GOOG	Alphabet Class C	Pair Corr
0.69	TSM	Taiwan Semiconductor	Pair Corr
0.67	BNEFF	Bonterra Energy Corp	Pair Corr
0.68	EMMA	Emmaus Life Sciences	Pair Corr
0.62	CGECF	Cogeco Inc	Pair Corr
0.72	SLSR	Solaris Resources	Pair Corr
0.68	TORO	Toro	Pair Corr
0.89	BLAGF	Blue Lagoon Resources	Pair Corr
0.81	GS	Goldman Sachs Group	Pair Corr
0.76	YLLXF	Yellow Cake plc	Pair Corr

Moving against Kermode Pink Sheet

0.61	AAPL	Apple Inc	Pair Corr
0.47	MSFT	Microsoft	Pair Corr
0.51	WELL	Welltower	Pair Corr

Related Correlations Analysis

	AMEGF	CRCUF	LMEFF	ECRFF	CPNFF	BLAGF	LOMLF	AUXXF
AMEGF		0.83	-0.49	0.87	0.59	0.89	0.89	0.78	AMEGF
CRCUF	0.83		-0.32	0.78	0.55	0.81	0.77	0.69	CRCUF
LMEFF	-0.49	-0.32		-0.61	-0.37	-0.59	-0.44	-0.48	LMEFF
ECRFF	0.87	0.78	-0.61		0.7	0.88	0.87	0.68	ECRFF
CPNFF	0.59	0.55	-0.37	0.7		0.72	0.59	0.24	CPNFF
BLAGF	0.89	0.81	-0.59	0.88	0.72		0.79	0.69	BLAGF
LOMLF	0.89	0.77	-0.44	0.87	0.59	0.79		0.71	LOMLF
AUXXF	0.78	0.69	-0.48	0.68	0.24	0.69	0.71		AUXXF
	AMEGF	CRCUF	LMEFF	ECRFF	CPNFF	BLAGF	LOMLF	AUXXF

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

BLAGF	+ 0.89	AMEGF
LOMLF	+ 0.89	AMEGF
BLAGF	+ 0.88	ECRFF
ECRFF	+ 0.87	AMEGF
LOMLF	+ 0.87	ECRFF
CRCUF	+ 0.83	AMEGF

High negative correlations

ECRFF	- 0.61	LMEFF
BLAGF	- 0.59	LMEFF
LMEFF	- 0.49	AMEGF
AUXXF	- 0.48	LMEFF
LOMLF	- 0.44	LMEFF
CPNFF	- 0.37	LMEFF

Risk-Adjusted Indicators

There is a big difference between Kermode Pink Sheet performing well and Kermode 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 Kermode 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
AMEGF	3.26	0.46	0.11	0.73	2.92	(5.38)	7.14	(5.41)	41.95
CRCUF	3.57	0.53	0.08	(1.03)	3.98	(5.64)	8.33	(9.09)	37.92
LMEFF	2.27	(0.14)	0.00	0.37	0.00	0.00	5.26	(9.09)	29.57
ECRFF	4.34	0.65	0.07	0.52	4.51	(9.67)	14.29	(12.50)	38.82
CPNFF	5.05	1.25	0.18	20.26	4.33	(8.20)	13.04	(7.69)	32.50
BLAGF	2.95	0.44	0.09	0.33	3.24	(4.11)	6.94	(5.71)	25.14
LOMLF	3.55	0.58	0.09	1.01	3.65	(5.93)	8.33	(7.14)	25.64
AUXXF	4.66	0.35	0.07	0.18	4.86	(5.76)	10.00	(8.06)	26.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kermode Resources 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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Kermode Resources Corporate Management

Connor Sarsfield	Co Sec	Profile
Peter Bell	Pres CEO	Profile
Shoni Bernard	Corporate Secretary	Profile
Ashley CPA	Chief Officer	Profile

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