Medallion Resources Correlations

MLLOF Stock

USD 0.06 0.02 24.13%

The current 90-days correlation between Medallion Resources and Elcora Advanced Materials is 0.22 (i.e., Modest diversification). The correlation of Medallion 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.

Medallion Resources Correlation With Market

Very good diversification

The correlation between Medallion Resources and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medallion Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Medallion Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Medallion Resources 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 Medallion Resources - 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 Medallion Resources to buy it.

Moving against Medallion Pink Sheet

0.37	GLCNF	Glencore PLC	Pair Corr
0.37	GLNCY	Glencore PLC ADR	Pair Corr
0.36	BKRKY	Bank Rakyat Earnings Call This Week	Pair Corr
0.34	RIO	Rio Tinto ADR	Pair Corr
0.33	RTPPF	Rio Tinto Group	Pair Corr
0.33	VALE	Vale SA ADR	Pair Corr
0.53	NTZ	Natuzzi SpA	Pair Corr
0.47	PRTS	CarPartsCom	Pair Corr
0.4	INTC	Intel	Pair Corr
0.4	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.37	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.33	MTGRF	Mount Gibson Iron	Pair Corr
0.31	UMAC	Unusual Machines Buyout Trend	Pair Corr
0.47	GRBK	Green Brick Partners Earnings Call This Week	Pair Corr
0.43	NNBR	NN Inc	Pair Corr
0.42	BLAGF	Blue Lagoon Resources	Pair Corr
0.32	CAMZF	Camino Minerals	Pair Corr
0.31	USPH	US Physicalrapy	Pair Corr

Related Correlations Analysis

	ECORF	MEEEF	BRVVF	BYDMF	GELEF	FSVEF	LXENF	CAXPF	NBTRF	TRCTF
ECORF		0.76	0.01	0.57	-0.07	0.73	-0.15	-0.2	0.08	0.7	ECORF
MEEEF	0.76		0.36	0.69	-0.38	0.76	-0.06	-0.28	0.39	0.66	MEEEF
BRVVF	0.01	0.36		0.53	-0.43	0.37	0.08	0.01	0.51	0.26	BRVVF
BYDMF	0.57	0.69	0.53		-0.23	0.84	0.24	-0.2	0.49	0.69	BYDMF
GELEF	-0.07	-0.38	-0.43	-0.23		-0.13	0.17	0.15	-0.14	-0.14	GELEF
FSVEF	0.73	0.76	0.37	0.84	-0.13		0.14	-0.11	0.57	0.83	FSVEF
LXENF	-0.15	-0.06	0.08	0.24	0.17	0.14		-0.17	0.28	0.13	LXENF
CAXPF	-0.2	-0.28	0.01	-0.2	0.15	-0.11	-0.17		0.07	-0.13	CAXPF
NBTRF	0.08	0.39	0.51	0.49	-0.14	0.57	0.28	0.07		0.44	NBTRF
TRCTF	0.7	0.66	0.26	0.69	-0.14	0.83	0.13	-0.13	0.44		TRCTF
	ECORF	MEEEF	BRVVF	BYDMF	GELEF	FSVEF	LXENF	CAXPF	NBTRF	TRCTF

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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

FSVEF	+ 0.84	BYDMF
TRCTF	+ 0.83	FSVEF
MEEEF	+ 0.76	ECORF
FSVEF	+ 0.76	MEEEF
FSVEF	+ 0.73	ECORF
TRCTF	+ 0.7	ECORF

High negative correlations

GELEF	- 0.43	BRVVF
GELEF	- 0.38	MEEEF
CAXPF	- 0.28	MEEEF
GELEF	- 0.23	BYDMF
CAXPF	- 0.2	BYDMF
CAXPF	- 0.2	ECORF

Risk-Adjusted Indicators

There is a big difference between Medallion Pink Sheet performing well and Medallion 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 Medallion 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
ECORF	6.56	2.44	0.15	14.28	5.64	(16.88)	23.08	(8.33)	107.36
MEEEF	4.38	1.25	0.15	2.54	4.42	(7.58)	13.89	(10.00)	36.35
BRVVF	1.36	0.53	0.00	(1.49)	0.00	0.00	0.00	0.00	23.61
BYDMF	9.37	1.29	0.12	0.64	9.07	(12.35)	24.48	(17.50)	65.82
GELEF	9.01	0.74	0.03	1.51	10.86	(25.55)	20.00	(23.53)	129.43
FSVEF	0.91	0.43	0.00	1.12	0.00	0.00	0.00	0.00	28.92
LXENF	1.21	0.04	0.00	0.10	0.00	0.00	0.00	0.00	36.67
CAXPF	5.27	0.17	0.01	0.30	6.70	(9.88)	15.02	(15.45)	37.69
NBTRF	25.14	11.67	0.00	(3.49)	0.00	0.00	54.08	0.00	638.15
TRCTF	5.01	0.63	0.06	0.63	5.85	(8.57)	15.79	(13.04)	39.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Medallion Resources 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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Douglas Newby	CFO Sec	Profile
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