Leviathan Gold Correlations

LVXFF Stock

USD 0.05 0 2.00%

The current 90-days correlation between Leviathan Gold and KORE Mining is 0.1 (i.e., Average diversification). The correlation of Leviathan 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.

Leviathan Gold Correlation With Market

Good diversification

The correlation between Leviathan Gold and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leviathan Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Leviathan 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 Leviathan 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 Leviathan 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 Leviathan Gold to buy it.

Moving against Leviathan OTC Stock

0.68	APLD	Applied Blockchain	Pair Corr
0.61	GFI	Gold Fields Sell-off Trend	Pair Corr
0.46	WPM	Wheaton Precious Metals	Pair Corr
0.45	AEM	Agnico Eagle Mines	Pair Corr
0.37	KB	KB Financial Group	Pair Corr
0.35	ZIJMF	Zijin Mining Group	Pair Corr
0.32	ZIJMY	Zijin Mining Group	Pair Corr
0.6	LLYVK	Liberty Media	Pair Corr
0.59	ADSK	Autodesk	Pair Corr
0.57	NVDA	NVIDIA	Pair Corr
0.55	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.54	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.52	ALAB	Astera Labs, Common	Pair Corr
0.52	MRVL	Marvell Technology Earnings Call Tomorrow	Pair Corr
0.51	GVA	Granite Construction	Pair Corr
0.5	CRWD	Crowdstrike Holdings	Pair Corr
0.41	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.39	DECK	Deckers Outdoor	Pair Corr

Related Correlations Analysis

	MAUTF	KOREF	CBGZF	IEGCF	RSRBF	ORFDF	TSRMF	GBRCF
MAUTF		0.61	-0.23	0.49	-0.62	0.64	0.33	0.31	MAUTF
KOREF	0.61		0.22	0.57	-0.1	0.29	0.43	0.4	KOREF
CBGZF	-0.23	0.22		0.19	0.6	-0.51	0.3	0.18	CBGZF
IEGCF	0.49	0.57	0.19		-0.04	0.0	0.22	0.42	IEGCF
RSRBF	-0.62	-0.1	0.6	-0.04		-0.66	-0.1	0.25	RSRBF
ORFDF	0.64	0.29	-0.51	0.0	-0.66		0.09	-0.12	ORFDF
TSRMF	0.33	0.43	0.3	0.22	-0.1	0.09		0.2	TSRMF
GBRCF	0.31	0.4	0.18	0.42	0.25	-0.12	0.2		GBRCF
	MAUTF	KOREF	CBGZF	IEGCF	RSRBF	ORFDF	TSRMF	GBRCF

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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

ORFDF	+ 0.64	MAUTF
KOREF	+ 0.61	MAUTF
RSRBF	+ 0.6	CBGZF
IEGCF	+ 0.57	KOREF
IEGCF	+ 0.49	MAUTF
TSRMF	+ 0.43	KOREF

High negative correlations

ORFDF	- 0.66	RSRBF
RSRBF	- 0.62	MAUTF
ORFDF	- 0.51	CBGZF
CBGZF	- 0.23	MAUTF
GBRCF	- 0.12	ORFDF
TSRMF	- 0.1	RSRBF

Risk-Adjusted Indicators

There is a big difference between Leviathan OTC Stock performing well and Leviathan Gold OTC Stock 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 Leviathan 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
MAUTF	1.98	0.33	0.07	(0.82)	2.31	(2.17)	3.35	(3.70)	18.68
KOREF	5.41	0.48	0.03	(4.23)	6.10	(10.99)	16.67	(10.71)	55.08
CBGZF	5.41	(0.01)	0.00	0.13	0.00	0.00	11.11	(12.50)	48.93
IEGCF	4.80	0.15	0.01	0.72	4.89	(7.73)	11.11	(9.52)	23.86
RSRBF	1.21	(0.30)	0.00	3.27	0.00	0.00	1.66	(4.23)	18.74
ORFDF	3.12	0.58	0.08	(1.92)	3.44	(4.21)	7.82	(5.96)	25.64
TSRMF	4.15	0.47	0.05	(1.87)	3.99	(7.67)	7.14	(6.25)	26.25
GBRCF	3.41	0.21	(0.01)	0.00	4.67	(8.04)	9.09	(12.00)	38.33

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

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