KGL Resources Correlations
| KOGMF Stock | USD 0.05 0.00 0.00% |
The current 90-days correlation between KGL Resources and Northern Shield Resources is 0.02 (i.e., Significant diversification). The correlation of KGL 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.
KGL Resources Correlation With Market
Pay attention - limited upside
The correlation between KGL Resources and DJI is -0.78 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KGL Resources and DJI in the same portfolio, assuming nothing else is changed.
KGL |
The ability to find closely correlated positions to KGL 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 KGL 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 KGL 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 KGL Resources to buy it.
Moving together with KGL Pink Sheet
| 0.66 | PBCRF | PT Bank Central | PairCorr |
| 0.77 | PBCRY | Bank Central Asia | PairCorr |
| 0.74 | HPQ | HP Inc Aggressive Push | PairCorr |
Moving against KGL Pink Sheet
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.68 | TSM | Taiwan Semiconductor Aggressive Push | PairCorr |
| 0.62 | GOOG | Alphabet Class C | PairCorr |
| 0.51 | META | Meta Platforms | PairCorr |
| 0.5 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.46 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.88 | AA | Alcoa Corp | PairCorr |
| 0.76 | MRK | Merck Company | PairCorr |
| 0.73 | DD | Dupont De Nemours | PairCorr |
| 0.68 | WMT | Walmart Common Stock | PairCorr |
| 0.6 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.6 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.58 | CAT | Caterpillar | PairCorr |
| 0.55 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.5 | INTC | Intel | PairCorr |
| 0.42 | JPM | JPMorgan Chase | PairCorr |
Related Correlations Analysis
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 KGL Pink Sheet performing well and KGL 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 KGL 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRCTF | 4.75 | 0.30 | 0.02 | 0.85 | 5.99 | 15.79 | 39.23 | |||
| SCLTF | 5.53 | 0.66 | 0.06 | 0.98 | 6.58 | 15.33 | 42.33 | |||
| GCRIF | 2.98 | (1.82) | 0.00 | (0.50) | 0.00 | 0.00 | 84.34 | |||
| VRRCF | 148.65 | 67.31 | 1.27 | 0.93 | 29.80 | 900.00 | 1,208 | |||
| SPMTF | 182.66 | 98.01 | 1.94 | (0.99) | 31.48 | 967.96 | 1,252 | |||
| MEEEF | 4.35 | 1.13 | 0.14 | 2.83 | 4.27 | 13.89 | 36.35 | |||
| JXMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NBTRF | 25.14 | 11.82 | 0.00 | (3.16) | 0.00 | 54.08 | 638.15 | |||
| WDGNF | 25.49 | 10.00 | 0.00 | 0.85 | 0.00 | 0.00 | 880.95 | |||
| NSHRF | 14.10 | 4.16 | 0.10 | (0.76) | 13.23 | 64.56 | 220.00 |
Be your own money manager
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