Metallus Correlations

MTUS Stock

20.35 0.01 0.05%

The current 90-days correlation between Metallus and Nexa Resources SA is 0.21 (i.e., Modest diversification). The correlation of Metallus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Metallus Correlation With Market

Very weak diversification

The correlation between Metallus and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metallus and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Metallus Stock

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

For more information on how to buy Metallus Stock please use our How to Invest in Metallus guide.

Moving together with Metallus Stock

0.62	B	Barrick Mining Symbol Change	Pair Corr
0.78	AA	Alcoa Corp Earnings Call Today	Pair Corr
0.8	AG	First Majestic Silver Aggressive Push	Pair Corr
0.72	AP	Ampco Pittsburgh	Pair Corr
0.75	HL	Hecla Mining Aggressive Push	Pair Corr
0.7	MT	ArcelorMittal SA ADR	Pair Corr
0.71	OR	Osisko Gold Ro	Pair Corr
0.91	RS	Reliance Steel Aluminum	Pair Corr
0.66	WIA	WIA Gold	Pair Corr
0.61	SA	Seabridge Gold	Pair Corr
0.76	TX	Ternium SA ADR	Pair Corr
0.74	WS	Worthington Steel	Pair Corr
0.7	CUU	Copper Fox Metals Earnings Call This Week	Pair Corr
0.75	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.66	GCN	Goldcliff Resource Corp	Pair Corr
0.72	002237	Shandong Humon Smelting	Pair Corr
0.66	DV	Dolly Varden Silver	Pair Corr
0.8	ELY	Ely Gold Royalties	Pair Corr
0.71	WPM	Wheaton Precious Metals	Pair Corr
0.71	KTN	Kootenay Silver	Pair Corr
0.73	300337	Yinbang Clad Material	Pair Corr
0.88	GUG	Gungnir Resources	Pair Corr

Moving against Metallus Stock

0.41	R8R	REGENER8 Resources	Pair Corr
0.33	TES	Tesoro Minerals Corp	Pair Corr

Related Correlations Analysis

	NEXA	CMP	SLI	LAR	IAUX	ODC	GPRE	LWLG	TMQ	ASTL
NEXA		0.9	0.75	0.95	0.92	-0.49	0.28	-0.45	0.33	0.39	NEXA
CMP	0.9		0.75	0.91	0.8	-0.29	0.38	-0.32	0.47	0.4	CMP
SLI	0.75	0.75		0.71	0.86	-0.5	0.18	-0.59	0.6	0.56	SLI
LAR	0.95	0.91	0.71		0.8	-0.39	0.36	-0.3	0.35	0.3	LAR
IAUX	0.92	0.8	0.86	0.8		-0.64	0.06	-0.69	0.31	0.46	IAUX
ODC	-0.49	-0.29	-0.5	-0.39	-0.64		0.46	0.69	0.21	-0.17	ODC
GPRE	0.28	0.38	0.18	0.36	0.06	0.46		0.42	0.65	0.18	GPRE
LWLG	-0.45	-0.32	-0.59	-0.3	-0.69	0.69	0.42		0.05	-0.24	LWLG
TMQ	0.33	0.47	0.6	0.35	0.31	0.21	0.65	0.05		0.45	TMQ
ASTL	0.39	0.4	0.56	0.3	0.46	-0.17	0.18	-0.24	0.45		ASTL
	NEXA	CMP	SLI	LAR	IAUX	ODC	GPRE	LWLG	TMQ	ASTL

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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

LAR	+ 0.95	NEXA
IAUX	+ 0.92	NEXA
LAR	+ 0.91	CMP
CMP	+ 0.9	NEXA
IAUX	+ 0.86	SLI
IAUX	+ 0.8	CMP

High negative correlations

LWLG	- 0.69	IAUX
ODC	- 0.64	IAUX
LWLG	- 0.59	SLI
ODC	- 0.5	SLI
ODC	- 0.49	NEXA
LWLG	- 0.45	NEXA

Risk-Adjusted Indicators

There is a big difference between Metallus Stock performing well and Metallus 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 Metallus' 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
NEXA	2.91	1.24	0.54	1.26	1.63	(3.91)	6.86	(3.20)	14.63
CMP	2.33	0.24	0.09	0.21	3.30	(2.50)	4.98	(3.43)	19.48
SLI	3.50	(0.06)	0.00	(0.06)	0.00	0.00	6.93	(7.11)	20.22
LAR	3.52	1.05	0.29	1.21	3.02	(4.40)	9.27	(5.96)	22.80
IAUX	2.79	0.72	0.15	4.09	3.59	(3.16)	5.62	(5.15)	14.98
ODC	1.67	(0.06)	(0.03)	0.01	2.87	(1.64)	3.16	(3.03)	15.64
GPRE	3.32	0.05	0.02	0.13	4.19	(3.62)	7.63	(5.62)	27.29
LWLG	4.24	(0.40)	0.00	(0.03)	0.00	0.00	9.03	(9.16)	31.90
TMQ	3.93	(0.36)	0.00	(0.25)	0.00	0.00	7.81	(8.33)	32.56
ASTL	3.21	(0.05)	0.02	0.07	3.53	(3.85)	7.21	(6.12)	20.68

Metallus Corporate Executives

Elected by the shareholders, the Metallus' board of directors comprises two types of representatives: Metallus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metallus. The board's role is to monitor Metallus' management team and ensure that shareholders' interests are well served. Metallus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metallus' outside directors are responsible for providing unbiased perspectives on the board's policies.

Kristopher Westbrooks	Executive CFO	Profile
John III	Executive CFO	Profile
Kristopher CPA	Executive CFO	Profile

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