Surge Battery Correlations

NILIF Stock

USD 0.28 0.01 3.45%

The current 90-days correlation between Surge Battery Metals and Nevada Sunrise Gold is -0.04 (i.e., Good diversification). The correlation of Surge Battery 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.

Surge Battery Correlation With Market

Significant diversification

The correlation between Surge Battery Metals and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surge Battery Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Surge Pink Sheet

0.62	AAUKF	Anglo American plc	Pair Corr
0.7	KB	KB Financial Group	Pair Corr
0.61	APLD	Applied Blockchain Trending	Pair Corr
0.61	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.78	NVDA	NVIDIA	Pair Corr
0.62	ADSK	Autodesk	Pair Corr
0.7	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr

Moving against Surge Pink Sheet

0.68	AMIX	Autonomix Medical, Common	Pair Corr
0.37	SHG	Shinhan Financial	Pair Corr
0.34	BCH	Banco De Chile	Pair Corr

Related Correlations Analysis

	NVSGF	CRECF	LTHCF	GTMLF	ATMGF	SXOOF	HNCKF	ORRCF	ALCUF	ARRNF
NVSGF		-0.03	-0.13	-0.19	0.07	0.31	0.14	0.2	0.18	0.01	NVSGF
CRECF	-0.03		0.75	-0.25	-0.5	-0.57	-0.54	0.08	-0.44	0.29	CRECF
LTHCF	-0.13	0.75		-0.16	-0.41	-0.42	-0.36	0.06	-0.36	0.38	LTHCF
GTMLF	-0.19	-0.25	-0.16		0.16	-0.08	0.26	0.11	0.23	0.07	GTMLF
ATMGF	0.07	-0.5	-0.41	0.16		0.35	0.51	0.26	0.34	-0.05	ATMGF
SXOOF	0.31	-0.57	-0.42	-0.08	0.35		0.61	0.23	0.6	-0.07	SXOOF
HNCKF	0.14	-0.54	-0.36	0.26	0.51	0.61		0.4	0.56	-0.06	HNCKF
ORRCF	0.2	0.08	0.06	0.11	0.26	0.23	0.4		0.58	0.44	ORRCF
ALCUF	0.18	-0.44	-0.36	0.23	0.34	0.6	0.56	0.58		0.03	ALCUF
ARRNF	0.01	0.29	0.38	0.07	-0.05	-0.07	-0.06	0.44	0.03		ARRNF
	NVSGF	CRECF	LTHCF	GTMLF	ATMGF	SXOOF	HNCKF	ORRCF	ALCUF	ARRNF

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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

LTHCF	+ 0.75	CRECF
HNCKF	+ 0.61	SXOOF
ALCUF	+ 0.6	SXOOF
ALCUF	+ 0.58	ORRCF
ALCUF	+ 0.56	HNCKF
HNCKF	+ 0.51	ATMGF

High negative correlations

SXOOF	- 0.57	CRECF
HNCKF	- 0.54	CRECF
ATMGF	- 0.5	CRECF
ALCUF	- 0.44	CRECF
SXOOF	- 0.42	LTHCF
ATMGF	- 0.41	LTHCF

Risk-Adjusted Indicators

There is a big difference between Surge Pink Sheet performing well and Surge Battery 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 Surge Battery'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
NVSGF	7.87	2.07	0.05	(1.02)	9.66	(53.00)	20.00	(13.04)	150.00
CRECF	3.90	0.15	0.02	0.45	3.75	(5.81)	10.71	(6.82)	20.80
LTHCF	3.42	0.53	0.08	0.86	3.48	(6.38)	12.73	(7.84)	23.50
GTMLF	8.00	2.06	0.10	0.75	7.71	(87.82)	0.00	(10.33)	304.83
ATMGF	12.56	1.34	0.08	0.45	13.42	(20.91)	35.78	(29.33)	100.52
SXOOF	6.02	(0.19)	0.00	0.33	0.00	0.00	13.33	(11.11)	48.47
HNCKF	2.99	(0.01)	(0.02)	1.40	3.30	(5.48)	5.56	(5.26)	11.44
ORRCF	2.29	(0.36)	0.00	(0.49)	0.00	0.00	5.00	(4.55)	17.86
ALCUF	5.87	(0.44)	0.00	(0.37)	0.00	0.00	10.00	(14.29)	42.38
ARRNF	2.42	(0.10)	0.00	1.88	0.00	0.00	5.56	(5.26)	16.67

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Our tools can tell you how much better you can do entering a position in Surge Battery 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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