InZinc Mining Correlations

LTHIF Stock

USD 0.04 0.01 14.00%

The current 90-days correlation between InZinc Mining and Hemlo Explorers is -0.01 (i.e., Good diversification). The correlation of InZinc 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.

InZinc Mining Correlation With Market

Very weak diversification

The correlation between InZinc Mining and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InZinc Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to InZinc 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 InZinc 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 InZinc 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 InZinc Mining to buy it.

Moving together with InZinc Pink Sheet

0.65	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.71	MCD	McDonalds Earnings Call This Week	Pair Corr

Moving against InZinc Pink Sheet

0.47	MSFT	Microsoft	Pair Corr
0.34	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	PJXRF	ELECF	MGPHF	CNOBF	SLZNF	BMTLF	SXOOF	BTRMF	AMSLF	ZNCXF
PJXRF		0.6	0.02	0.83	0.21	0.47	-0.23	0.2	0.36	0.17	PJXRF
ELECF	0.6		0.4	0.47	0.17	0.44	0.26	0.49	0.56	0.34	ELECF
MGPHF	0.02	0.4		-0.03	0.03	0.26	0.57	0.5	0.37	0.45	MGPHF
CNOBF	0.83	0.47	-0.03		0.14	0.64	-0.13	0.27	0.33	0.21	CNOBF
SLZNF	0.21	0.17	0.03	0.14		0.06	-0.08	0.1	0.18	0.05	SLZNF
BMTLF	0.47	0.44	0.26	0.64	0.06		0.26	0.48	0.21	0.27	BMTLF
SXOOF	-0.23	0.26	0.57	-0.13	-0.08	0.26		0.45	0.21	0.41	SXOOF
BTRMF	0.2	0.49	0.5	0.27	0.1	0.48	0.45		0.24	0.37	BTRMF
AMSLF	0.36	0.56	0.37	0.33	0.18	0.21	0.21	0.24		0.17	AMSLF
ZNCXF	0.17	0.34	0.45	0.21	0.05	0.27	0.41	0.37	0.17		ZNCXF
	PJXRF	ELECF	MGPHF	CNOBF	SLZNF	BMTLF	SXOOF	BTRMF	AMSLF	ZNCXF

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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

CNOBF	+ 0.83	PJXRF
BMTLF	+ 0.64	CNOBF
ELECF	+ 0.6	PJXRF
SXOOF	+ 0.57	MGPHF
AMSLF	+ 0.56	ELECF
BTRMF	+ 0.5	MGPHF

High negative correlations

SXOOF	- 0.23	PJXRF
SXOOF	- 0.13	CNOBF
SXOOF	- 0.08	SLZNF
CNOBF	- 0.03	MGPHF

Risk-Adjusted Indicators

There is a big difference between InZinc Pink Sheet performing well and InZinc 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 InZinc 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
PJXRF	3.70	0.97	0.12	(62.88)	3.14	(10.32)	10.00	(9.09)	54.93
ELECF	3.36	0.41	0.05	(0.85)	4.10	(7.34)	10.00	(9.09)	33.57
MGPHF	3.37	(0.04)	0.00	(0.05)	0.00	0.00	7.63	(6.61)	21.64
CNOBF	5.63	1.11	0.07	0.62	6.27	(15.47)	23.53	(13.70)	49.61
SLZNF	73.93	39.39	0.00	(0.62)	0.00	0.00	0.00	0.00	2,493
BMTLF	6.97	0.43	0.04	0.16	8.39	(13.30)	28.07	(16.11)	65.45
SXOOF	3.43	(0.13)	0.00	(0.18)	0.00	0.00	8.33	(7.50)	25.91
BTRMF	7.00	0.80	0.04	0.50	8.84	(20.12)	16.96	(22.27)	97.45
AMSLF	11.78	2.56	0.11	(0.87)	10.63	(29.96)	45.00	(25.60)	133.17
ZNCXF	0.50	0.02	0.00	0.10	0.00	0.00	0.00	0.00	30.95

Be your own money manager

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