Medallion Resources Correlations

MLLOF Stock

USD 0.06 0.01 12.00%

The current 90-days correlation between Medallion Resources and Canada Rare Earth is 0.15 (i.e., Average 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

Good diversification

The correlation between Medallion Resources and DJI is -0.04 (i.e., 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

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0.55	NDAQ	Nasdaq Inc	Pair Corr
0.55	APLD	Applied Blockchain	Pair Corr
0.48	CEG	Constellation Energy Corp Buyout Trend	Pair Corr
0.42	CQP	Cheniere Energy Partners	Pair Corr
0.35	PDYN	Palladyne AI Corp Symbol Change	Pair Corr

Related Correlations Analysis

	RAREF	CMRZF	UURAF	REEMF	SMDZF	SSEBF	CCOB	HZMMF	PMMCF	SMREF
RAREF		-0.18	0.0	-0.08	-0.16	0.07	0.0	0.0	0.16	-0.34	RAREF
CMRZF	-0.18		-0.3	-0.45	0.26	0.55	0.0	0.0	-0.41	0.82	CMRZF
UURAF	0.0	-0.3		0.11	0.15	-0.31	0.0	0.0	0.39	-0.25	UURAF
REEMF	-0.08	-0.45	0.11		-0.06	-0.7	0.0	0.0	0.14	-0.4	REEMF
SMDZF	-0.16	0.26	0.15	-0.06		0.08	0.0	0.0	-0.09	0.14	SMDZF
SSEBF	0.07	0.55	-0.31	-0.7	0.08		0.0	0.0	-0.35	0.54	SSEBF
CCOB	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	0.0	0.0	CCOB
HZMMF	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		0.0	0.0	HZMMF
PMMCF	0.16	-0.41	0.39	0.14	-0.09	-0.35	0.0	0.0		-0.33	PMMCF
SMREF	-0.34	0.82	-0.25	-0.4	0.14	0.54	0.0	0.0	-0.33		SMREF
	RAREF	CMRZF	UURAF	REEMF	SMDZF	SSEBF	CCOB	HZMMF	PMMCF	SMREF

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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

SMREF	+ 0.82	CMRZF
SSEBF	+ 0.55	CMRZF
SMREF	+ 0.54	SSEBF
PMMCF	+ 0.39	UURAF
SMDZF	+ 0.26	CMRZF
PMMCF	+ 0.16	RAREF

High negative correlations

HZMMF	- 1.0	CCOB
SSEBF	- 0.7	REEMF
REEMF	- 0.45	CMRZF
PMMCF	- 0.41	CMRZF
SMREF	- 0.4	REEMF
PMMCF	- 0.35	SSEBF

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
RAREF	17.36	4.77	0.08	(2.28)	15.80	(100.00)	100.00	(50.00)	150.00
CMRZF	6.45	(0.12)	0.00	0.77	0.00	0.00	20.00	(16.67)	59.34
UURAF	2.57	0.05	(0.03)	(0.08)	2.70	(4.27)	9.52	(4.76)	17.14
REEMF	5.30	1.63	0.20	7.67	4.22	(10.86)	14.55	(7.41)	78.27
SMDZF	4.40	0.49	0.02	(0.28)	4.83	(10.04)	10.00	(9.09)	34.29
SSEBF	6.08	0.14	0.01	0.27	8.66	(12.80)	14.29	(18.67)	82.47
CCOB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HZMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PMMCF	4.23	(0.12)	0.00	(0.35)	0.00	0.00	13.33	(11.76)	53.57
SMREF	6.84	(0.18)	0.00	(0.03)	0.00	0.00	14.29	(13.33)	71.43

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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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Medallion Resources Corporate Management

Douglas Newby	CFO Sec	Profile
Kurt Forrester	CTO Director	Profile
Sothi Thillairajah	Middle Consultant	Profile
Alfredo Plasencia	CEO Pres	Profile

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