KORE Mining Correlations

The current 90-days correlation between KORE Mining and Plato Gold Corp is -0.07 (i.e., Good diversification). The correlation of KORE Mining 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.

KORE Mining Correlation With Market

Poor diversification

The correlation between KORE Mining and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KORE Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KORE Pink Sheet

0.77	NEM	Newmont Goldcorp Corp Earnings Call Next Week	Pair Corr
0.88	AEM	Agnico Eagle Mines Earnings Call Tomorrow	Pair Corr
0.76	WPM	Wheaton Precious Metals	Pair Corr
0.67	AU	AngloGold Ashanti plc	Pair Corr
0.9	ZIJMY	Zijin Mining Group	Pair Corr
0.82	ZIJMF	Zijin Mining Group	Pair Corr
0.88	KGC	Kinross Gold Earnings Call This Week	Pair Corr
0.75	GFI	Gold Fields Earnings Call Next Week	Pair Corr
0.78	HD	Home Depot	Pair Corr
0.68	INTC	Intel	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr

Moving against KORE Pink Sheet

0.68	BRK-A	Berkshire Hathaway	Pair Corr
0.68	APVO	Aptevo Therapeutics	Pair Corr
0.65	TRNR	Interactive Strength	Pair Corr
0.62	VLCN	Volcon Inc Symbol Change	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.49	MSFT	Microsoft	Pair Corr
0.44	MMM	3M Company	Pair Corr

Related Correlations Analysis

	NIOVF	STLXF	AXMIF	XXMMF	PUCCF	ZPHYF	NSGCF	AAUGF	TRUIF	PMDRF
NIOVF		-0.04	0.0	0.15	0.24	-0.18	-0.1	0.05	0.1	-0.3	NIOVF
STLXF	-0.04		0.0	-0.01	-0.57	0.24	-0.27	-0.12	-0.51	0.72	STLXF
AXMIF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AXMIF
XXMMF	0.15	-0.01	0.0		0.47	0.45	0.76	-0.1	0.12	-0.01	XXMMF
PUCCF	0.24	-0.57	0.0	0.47		-0.17	0.68	0.16	0.56	-0.59	PUCCF
ZPHYF	-0.18	0.24	0.0	0.45	-0.17		0.39	-0.1	-0.44	0.25	ZPHYF
NSGCF	-0.1	-0.27	0.0	0.76	0.68	0.39		0.09	0.26	-0.15	NSGCF
AAUGF	0.05	-0.12	0.0	-0.1	0.16	-0.1	0.09		0.22	-0.12	AAUGF
TRUIF	0.1	-0.51	0.0	0.12	0.56	-0.44	0.26	0.22		-0.34	TRUIF
PMDRF	-0.3	0.72	0.0	-0.01	-0.59	0.25	-0.15	-0.12	-0.34		PMDRF
	NIOVF	STLXF	AXMIF	XXMMF	PUCCF	ZPHYF	NSGCF	AAUGF	TRUIF	PMDRF

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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

NSGCF	+ 0.76	XXMMF
PMDRF	+ 0.72	STLXF
NSGCF	+ 0.68	PUCCF
TRUIF	+ 0.56	PUCCF
PUCCF	+ 0.47	XXMMF
ZPHYF	+ 0.45	XXMMF

High negative correlations

PMDRF	- 0.59	PUCCF
PUCCF	- 0.57	STLXF
TRUIF	- 0.51	STLXF
TRUIF	- 0.44	ZPHYF
PMDRF	- 0.34	TRUIF
PMDRF	- 0.3	NIOVF

Risk-Adjusted Indicators

There is a big difference between KORE Pink Sheet performing well and KORE Mining 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 KORE Mining'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
NIOVF	8.92	1.46	0.06	(0.61)	10.12	(19.66)	30.63	(23.08)	82.63
STLXF	4.08	(0.29)	0.00	(0.65)	0.00	0.00	11.00	(13.10)	38.10
AXMIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XXMMF	4.04	0.39	0.03	(0.57)	4.51	(15.48)	16.28	(9.62)	42.08
PUCCF	5.47	0.67	0.08	0.54	6.84	(7.73)	12.37	(16.67)	48.70
ZPHYF	4.91	0.12	0.01	0.20	6.40	(12.71)	18.81	(14.29)	44.24
NSGCF	5.98	1.24	0.10	(2.25)	6.04	(13.16)	18.64	(13.24)	49.55
AAUGF	73.72	36.64	0.92	(2.13)	24.84	(114.72)	190.91	(64.52)	1,065
TRUIF	6.63	1.24	0.06	(0.29)	7.81	(14.38)	21.43	(14.83)	70.96
PMDRF	1.45	(0.78)	0.00	(2.15)	0.00	0.00	0.00	0.00	21.67

Be your own money manager

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