KGL Resources Correlations

KOGMF Stock

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The current 90-days correlation between KGL Resources and Northern Shield Resources is 0.06 (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

Very good diversification

The correlation between KGL Resources and DJI is -0.42 (i.e., Very good diversification) 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.

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 against KGL Pink Sheet

0.4	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.38	EC	Ecopetrol SA ADR	Pair Corr
0.36	TSM	Taiwan Semiconductor	Pair Corr
0.55	STRS	Stratus Properties	Pair Corr
0.47	SBKO	Summit Bank Group	Pair Corr
0.46	IFS	Intercorp Financial	Pair Corr
0.44	VOD	Vodafone Group PLC	Pair Corr
0.43	ACGL	Arch Capital Group	Pair Corr
0.42	CMA	Comerica Incorporated	Pair Corr
0.41	CLEGF	Coles Group	Pair Corr
0.41	WLK	Westlake Chemical	Pair Corr
0.41	WEJTY	Webjet Limited	Pair Corr
0.39	CING	Cingulate	Pair Corr
0.58	ADEA	ADEIA P	Pair Corr
0.57	CCL	Carnival	Pair Corr
0.55	SBYSF	Sibanye Stillwater	Pair Corr
0.54	NTRSO	Northern Trust	Pair Corr
0.51	DAWN	Day One Biopharmaceu Upward Rally	Pair Corr
0.47	MFGCF	Mayfair Gold Corp	Pair Corr

Related Correlations Analysis

	TRCTF	SCLTF	GCRIF	VRRCF	SPMTF	MEEEF	JXMNF	NBTRF	WDGNF	NSHRF
TRCTF		-0.45	0.0	0.83	-0.47	0.66	0.0	0.32	-0.33	-0.04	TRCTF
SCLTF	-0.45		0.0	-0.48	0.34	-0.35	0.0	0.23	0.45	0.25	SCLTF
GCRIF	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	0.0	GCRIF
VRRCF	0.83	-0.48	0.0		-0.51	0.72	0.0	0.28	-0.32	-0.02	VRRCF
SPMTF	-0.47	0.34	0.0	-0.51		-0.43	0.0	-0.23	0.05	0.16	SPMTF
MEEEF	0.66	-0.35	0.0	0.72	-0.43		0.0	0.27	-0.04	0.22	MEEEF
JXMNF	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	0.0	JXMNF
NBTRF	0.32	0.23	0.0	0.28	-0.23	0.27	0.0		-0.09	0.16	NBTRF
WDGNF	-0.33	0.45	0.0	-0.32	0.05	-0.04	0.0	-0.09		0.3	WDGNF
NSHRF	-0.04	0.25	0.0	-0.02	0.16	0.22	0.0	0.16	0.3		NSHRF
	TRCTF	SCLTF	GCRIF	VRRCF	SPMTF	MEEEF	JXMNF	NBTRF	WDGNF	NSHRF

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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

JXMNF	+ 1.0	GCRIF
VRRCF	+ 0.83	TRCTF
MEEEF	+ 0.72	VRRCF
MEEEF	+ 0.66	TRCTF
WDGNF	+ 0.45	SCLTF
SPMTF	+ 0.34	SCLTF

High negative correlations

SPMTF	- 0.51	VRRCF
VRRCF	- 0.48	SCLTF
SPMTF	- 0.47	TRCTF
SCLTF	- 0.45	TRCTF
MEEEF	- 0.43	SPMTF
MEEEF	- 0.35	SCLTF

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	4.46	0.55	0.05	0.66	5.56	(7.59)	15.38	(12.50)	34.85
SCLTF	5.39	0.35	0.03	0.33	6.43	(9.30)	11.11	(11.82)	43.42
GCRIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VRRCF	49.03	23.60	0.65	3.35	18.10	(83.62)	27.27	(17.86)	947.27
SPMTF	182.66	89.41	1.94	5.42	31.48	(324.94)	967.96	(89.92)	1,252
MEEEF	5.28	1.81	0.22	(3.30)	4.48	(8.73)	14.52	(10.00)	36.35
JXMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NBTRF	29.24	14.02	0.00	60.54	0.00	0.00	65.56	0.00	638.15
WDGNF	25.45	11.93	0.00	0.70	0.00	0.00	0.00	0.00	880.95
NSHRF	18.46	6.68	0.18	(3.07)	13.79	(46.44)	90.48	(33.44)	220.00

Be your own money manager

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