Ramaco Resources Correlations

METC Stock

USD 13.15 0.72 5.79%

The current 90-days correlation between Ramaco Resources and SunCoke Energy is 0.47 (i.e., Very weak diversification). The correlation of Ramaco Resources 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.

Ramaco Resources Correlation With Market

Poor diversification

The correlation between Ramaco Resources and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ramaco Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Ramaco Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For information on how to trade Ramaco Stock refer to our How to Trade Ramaco Stock guide.

Moving together with Ramaco Stock

0.95	AMR	Alpha Metallurgical	Pair Corr
0.69	HCC	Warrior Met Coal	Pair Corr
0.64	SXC	SunCoke Energy	Pair Corr
0.68	METCB	Ramaco Resources	Pair Corr
0.64	CC	Chemours Buyout Trend	Pair Corr
0.68	ECVT	Ecovyst	Pair Corr

Moving against Ramaco Stock

0.45	CE	Celanese	Pair Corr
0.37	HL	Hecla Mining	Pair Corr
0.31	AU	AngloGold Ashanti plc	Pair Corr
0.43	FMST	Foremost Lithium Resource	Pair Corr
0.42	AGI	Alamos Gold	Pair Corr
0.39	VZLA	Vizsla Resources Corp	Pair Corr
0.38	SA	Seabridge Gold	Pair Corr
0.34	HYMCW	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	HCC	ARCH	AMR	AREC	SXC
HCC		0.89	0.7	0.77	0.8	HCC
ARCH	0.89		0.54	0.79	0.89	ARCH
AMR	0.7	0.54		0.31	0.59	AMR
AREC	0.77	0.79	0.31		0.51	AREC
SXC	0.8	0.89	0.59	0.51		SXC
	HCC	ARCH	AMR	AREC	SXC

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Risk-Adjusted Indicators

There is a big difference between Ramaco Stock performing well and Ramaco Resources 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 Ramaco Resources' 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
HCC	2.27	0.13	0.09	0.14	2.48	(2.66)	5.27	(4.12)	14.58
ARCH	1.75	0.25	0.19	0.20	1.57	(1.97)	4.13	(2.86)	14.53
AMR	2.38	(0.05)	0.01	0.06	2.85	(2.75)	6.20	(5.06)	14.80
AREC	4.25	1.10	0.20	1.28	3.84	(5.66)	12.05	(5.31)	33.45
SXC	1.84	0.53	0.27	0.53	1.52	(2.30)	4.91	(3.34)	24.26

Ramaco Resources Corporate Management

Evan Jenkins	General Counsel	Profile
Paul Horn	Executive Operations	Profile
John Marcum	Chief Accounting Officer	Profile
James Kreutzer	Senior Officer	Profile
Jeremy Sussman	Chief Officer	Profile

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