K2 Gold Correlations
| KTO Stock | CAD 0.14 0.01 7.69% |
The current 90-days correlation between K2 Gold and Highway 50 Gold is -0.15 (i.e., Good diversification). The correlation of K2 Gold 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.
K2 Gold Correlation With Market
Significant diversification
The correlation between K2 Gold and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding K2 Gold and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to K2 Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K2 Gold 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 K2 Gold - 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 K2 Gold to buy it.
Moving together with KTO Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in K2 Gold 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?
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K2 Gold Corporate Management
Elected by the shareholders, the K2 Gold's board of directors comprises two types of representatives: K2 Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KTO. The board's role is to monitor K2 Gold's management team and ensure that shareholders' interests are well served. K2 Gold'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, K2 Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CA CFA | Chief Officer | Profile | |
| Jeffrey BA | Corporate Secretary | Profile | |
| MBA MSc | Chief Geologist | Profile | |
| Anthony Margarit | Pres CEO | Profile |