North Bay Correlations

NBRI Stock

USD 0.0009 0.0001 10.00%

The current 90-days correlation between North Bay Resources and Defiance Silver Corp is 0.04 (i.e., Significant diversification). The correlation of North Bay 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.

North Bay Correlation With Market

Good diversification

The correlation between North Bay Resources and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding North Bay Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with North Pink Sheet

0.67	ANGPY	Anglo American Platinum	Pair Corr
0.71	IMPUY	Impala Platinum Holdings	Pair Corr
0.69	IMPUF	Impala Platinum Holdings	Pair Corr
0.79	FNLPF	Fresnillo PLC	Pair Corr

Moving against North Pink Sheet

0.47	PG	Procter Gamble Sell-off Trend	Pair Corr
0.42	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	DNCVF	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX
DNCVF		0.05	-0.35	0.0	-0.3	0.13	-0.3	-0.47	-0.07	DNCVF
444859BR2	0.05		-0.53	0.0	-0.54	-0.45	-0.57	-0.45	-0.39	444859BR2
SCRYY	-0.35	-0.53		0.0	0.48	0.34	0.73	0.67	0.4	SCRYY
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
LBHIX	-0.3	-0.54	0.48	0.0		0.68	0.55	0.29	0.75	LBHIX
MSTSX	0.13	-0.45	0.34	0.0	0.68		0.36	-0.05	0.86	MSTSX
ID	-0.3	-0.57	0.73	0.0	0.55	0.36		0.75	0.48	ID
VIASP	-0.47	-0.45	0.67	0.0	0.29	-0.05	0.75		0.11	VIASP
RRTLX	-0.07	-0.39	0.4	0.0	0.75	0.86	0.48	0.11		RRTLX
	DNCVF	444859BR2	SCRYY	AQUI	LBHIX	MSTSX	ID	VIASP	RRTLX

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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

RRTLX	+ 0.86	MSTSX
RRTLX	+ 0.75	LBHIX
VIASP	+ 0.75	ID
ID	+ 0.73	SCRYY
MSTSX	+ 0.68	LBHIX
VIASP	+ 0.67	SCRYY

High negative correlations

ID	- 0.57	444859BR2
LBHIX	- 0.54	444859BR2
SCRYY	- 0.53	444859BR2
VIASP	- 0.47	DNCVF
VIASP	- 0.45	444859BR2
MSTSX	- 0.45	444859BR2

Risk-Adjusted Indicators

There is a big difference between North Pink Sheet performing well and North Bay 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 North Bay'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
DNCVF	4.88	0.24	0.00	0.03	0.00	0.00	12.50	(10.53)	30.15
444859BR2	1.36	(0.03)	0.00	0.24	0.00	0.00	5.93	(5.79)	16.62
SCRYY	2.07	0.36	0.08	(0.73)	2.02	(2.85)	5.61	(4.09)	12.99
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.84	0.83	0.15	1.41	3.95	(5.14)	7.89	(6.67)	20.54
VIASP	0.75	0.08	(0.04)	(1.44)	1.13	(0.82)	2.28	(1.20)	7.18
RRTLX	0.23	0.01	(0.33)	0.38	0.25	(0.25)	0.48	(0.56)	1.36

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Our tools can tell you how much better you can do entering a position in North Bay 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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North Bay Corporate Management

Robert Reynolds	Pres CEO	Profile
Thomas PGeo	Consultant	Profile
Michael Lewison	Advisor	Profile
William PEng	I Gold	Profile

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