Meridian Mining Correlations

MRRDF Stock

USD 1.17 0.03 2.50%

The current 90-days correlation between Meridian Mining UK and Benz Mining Corp is -0.05 (i.e., Good diversification). The correlation of Meridian Mining 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.

Meridian Mining Correlation With Market

Significant diversification

The correlation between Meridian Mining UK and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Meridian Mining UK and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Meridian OTC Stock

0.71	RTNTF	Rio Tinto Group	Pair Corr
0.78	RIO	Rio Tinto ADR	Pair Corr
0.74	RTPPF	Rio Tinto Group	Pair Corr
0.75	GLCNF	Glencore PLC	Pair Corr
0.75	GLNCY	Glencore PLC ADR	Pair Corr
0.87	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.74	AAPL	Apple Inc	Pair Corr
0.89	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.92	BMYMP	Bristol Myers Squibb	Pair Corr
0.8	PHAR	Pharming Group NV	Pair Corr
0.88	RLMD	Relmada Therapeutics	Pair Corr
0.82	DDS	Dillards,	Pair Corr
0.89	DNLMY	Dunelm Group PLC	Pair Corr
0.61	CHACR	Crane Harbor Acquisition	Pair Corr
0.63	GSVRF	Guanajuato Silver	Pair Corr
0.88	REGN	Regeneron Pharmaceuticals	Pair Corr
0.8	AKAM	Akamai Technologies	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.63	NOEM	CO2 Energy Transition	Pair Corr

Moving against Meridian OTC Stock

0.84	MSFT	Microsoft Sell-off Trend	Pair Corr
0.55	META	Meta Platforms	Pair Corr
0.33	NVDA	NVIDIA Aggressive Push	Pair Corr
0.44	SWRM	Appswarm	Pair Corr
0.37	RYSKF	Reysas Tasimacilik	Pair Corr
0.35	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	GSCCF	ECRAF	LTSRF	BENZF	EMOTF	KMRPF	AUMTF	SRHYY	EGMMF	SLVMF
GSCCF		-0.14	0.49	0.11	0.28	0.4	0.51	0.46	0.19	0.33	GSCCF
ECRAF	-0.14		-0.44	0.21	-0.79	-0.68	-0.01	-0.35	-0.03	0.31	ECRAF
LTSRF	0.49	-0.44		0.38	0.57	0.76	0.53	0.38	0.52	0.3	LTSRF
BENZF	0.11	0.21	0.38		-0.14	0.1	0.49	-0.02	0.62	0.51	BENZF
EMOTF	0.28	-0.79	0.57	-0.14		0.69	0.19	0.41	-0.06	-0.16	EMOTF
KMRPF	0.4	-0.68	0.76	0.1	0.69		0.27	0.15	0.2	0.2	KMRPF
AUMTF	0.51	-0.01	0.53	0.49	0.19	0.27		0.39	0.56	0.44	AUMTF
SRHYY	0.46	-0.35	0.38	-0.02	0.41	0.15	0.39		0.29	-0.1	SRHYY
EGMMF	0.19	-0.03	0.52	0.62	-0.06	0.2	0.56	0.29		0.32	EGMMF
SLVMF	0.33	0.31	0.3	0.51	-0.16	0.2	0.44	-0.1	0.32		SLVMF
	GSCCF	ECRAF	LTSRF	BENZF	EMOTF	KMRPF	AUMTF	SRHYY	EGMMF	SLVMF

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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

KMRPF	+ 0.76	LTSRF
KMRPF	+ 0.69	EMOTF
EGMMF	+ 0.62	BENZF
EMOTF	+ 0.57	LTSRF
EGMMF	+ 0.56	AUMTF
AUMTF	+ 0.53	LTSRF

High negative correlations

EMOTF	- 0.79	ECRAF
KMRPF	- 0.68	ECRAF
LTSRF	- 0.44	ECRAF
SRHYY	- 0.35	ECRAF
SLVMF	- 0.16	EMOTF
EMOTF	- 0.14	BENZF

Risk-Adjusted Indicators

There is a big difference between Meridian OTC Stock performing well and Meridian Mining 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 Meridian Mining'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
GSCCF	325.32	157.19	5.82	1.73	6.98	(737.93)	13.33	(12.50)	10,917
ECRAF	2.80	0.58	0.15	2.01	2.96	(3.41)	6.56	(5.34)	14.49
LTSRF	3.09	(0.28)	0.00	(0.19)	0.00	0.00	8.33	(8.33)	26.52
BENZF	3.44	0.15	0.06	0.14	3.46	(5.50)	10.00	(7.27)	19.90
EMOTF	4.69	(0.67)	0.00	(0.08)	0.00	0.00	10.26	(5.88)	83.69
KMRPF	1.57	(0.30)	0.00	0.51	0.00	0.00	4.48	(5.66)	17.24
AUMTF	4.59	0.13	0.01	0.15	6.20	(12.88)	15.38	(15.79)	49.52
SRHYY	9.76	1.58	0.07	(0.44)	10.79	(16.70)	27.78	(23.81)	86.31
EGMMF	0.27	(0.03)	0.00	0.00	0.00	0.00	0.00	0.00	9.02
SLVMF	12.64	1.48	0.09	0.53	11.99	(26.27)	40.00	(23.08)	97.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Meridian Mining 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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Meridian Mining Corporate Management

Elected by the shareholders, the Meridian Mining's board of directors comprises two types of representatives: Meridian Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Meridian. The board's role is to monitor Meridian Mining's management team and ensure that shareholders' interests are well served. Meridian Mining'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, Meridian Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

BSc BSc	CEO Pres	Profile
Mariana Bermudez	Co Sec	Profile
Soraia Morais	Chief Officer	Profile
Vitor Belo	Principal Brazil	Profile
James McLucas	Mang Devel	Profile
BEng BBus	Head Australia	Profile
Gilbert BSc	Ex Chairman	Profile

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