Lundin Gold Correlations
The current 90-days correlation between Lundin Gold and Lundin Mining is 0.31 (i.e., Weak diversification). The correlation of Lundin 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.
Lundin Gold Correlation With Market
Significant diversification
The correlation between Lundin Gold and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lundin Gold and DJI in the same portfolio, assuming nothing else is changed.
Lundin |
The ability to find closely correlated positions to Lundin 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 Lundin 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 Lundin 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 Lundin Gold to buy it.
Moving together with Lundin Stock
Moving against Lundin Stock
Related Correlations Analysis
| 0.15 | -0.24 | 0.85 | 0.51 | LUMI | ||
| 0.15 | 0.23 | -0.21 | -0.16 | AOI | ||
| -0.24 | 0.23 | -0.29 | -0.58 | IPCO | ||
| 0.85 | -0.21 | -0.29 | 0.5 | BOL | ||
| 0.51 | -0.16 | -0.58 | 0.5 | LUC | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Lundin Stock performing well and Lundin Gold 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 Lundin Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LUMI | 2.14 | (0.04) | (0.01) | 0.08 | 2.80 | 5.18 | 13.28 | |||
| AOI | 1.67 | (0.04) | (0.05) | 0.02 | 2.24 | 3.43 | 7.32 | |||
| IPCO | 1.68 | (0.26) | 0.00 | 4.13 | 0.00 | 3.50 | 10.50 | |||
| BOL | 1.44 | 0.01 | (0.02) | 0.14 | 2.04 | 3.36 | 10.27 | |||
| LUC | 2.20 | 0.12 | 0.02 | 0.34 | 3.47 | 6.34 | 30.29 |
Lundin Gold Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lundin Gold stock to make a market-neutral strategy. Peer analysis of Lundin Gold could also be used in its relative valuation, which is a method of valuing Lundin Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Lundin Gold Corporate Management
Elected by the shareholders, the Lundin Gold's board of directors comprises two types of representatives: Lundin Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lundin. The board's role is to monitor Lundin Gold's management team and ensure that shareholders' interests are well served. Lundin 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, Lundin Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sheila Colman | VP of Legal and Corporate Secretary | Profile | |
| David Dicaire | GM Projects | Profile | |
| Iliana Rodriguez | VP HR | Profile | |
| Alessandro Bitelli | Ex CFO | Profile | |
| Nathan Monash | VP Sustainability | Profile | |
| Andre Oliveira | VP Exploration | Profile | |
| Finlay Heppenstall | Director Relations | Profile |