New Age Correlations
| NMTLF Stock | USD 0.06 0.01 19.50% |
The current 90-days correlation between New Age Metals and Silver Hammer Mining is -0.08 (i.e., Good diversification). The correlation of New Age 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.
New Age Correlation With Market
Average diversification
The correlation between New Age Metals and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Age Metals and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to New Age could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace New Age 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 New Age - 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 New Age Metals to buy it.
Moving together with New OTC Stock
| 0.68 | ATCOL | Atlas Corp | PairCorr |
| 0.78 | PCTTW | PureCycle Technologies | PairCorr |
| 0.69 | ASTSW | AST SpaceMobile | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.65 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.65 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
Moving against New OTC Stock
| 0.71 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.71 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.62 | GOEVW | Canoo Holdings | PairCorr |
| 0.61 | MULN | Mullen Automotive | PairCorr |
| 0.52 | QLGN | Qualigen Therapeutics | PairCorr |
| 0.49 | SGD | Safe and Green | PairCorr |
| 0.47 | MAPSW | WM Technology | PairCorr |
| 0.38 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.31 | HMTLF | Hitachi Metals | PairCorr |
| 0.31 | AHT | Ashford Hospitality Trust | PairCorr |
| 0.63 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.58 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.55 | PG | Procter Gamble | PairCorr |
| 0.49 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between New OTC Stock performing well and New Age 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 New Age'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HAMRF | 12.32 | 1.18 | 0.07 | 0.69 | 15.63 | 31.58 | 148.02 | |||
| RSNVF | 4.29 | 0.16 | (0.02) | 0.00 | 4.90 | 9.09 | 29.09 | |||
| GSVRF | 4.12 | (0.21) | 0.00 | (0.28) | 0.00 | 9.52 | 25.10 | |||
| SLVRF | 4.21 | (0.15) | 0.00 | 0.38 | 0.00 | 10.00 | 19.52 | |||
| ISVLF | 4.74 | 0.18 | 0.00 | (0.25) | 4.79 | 13.33 | 35.86 | |||
| BADEF | 3.80 | (0.35) | 0.00 | 271.63 | 0.00 | 7.89 | 26.61 | |||
| DSVSF | 4.56 | 0.62 | 0.10 | 36.63 | 4.10 | 8.77 | 34.35 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in New Age 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.Did you try this?
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New Age Corporate Management
Elected by the shareholders, the New Age's board of directors comprises two types of representatives: New Age inside directors who are chosen from within the company, and outside directors, selected externally and held independent of New. The board's role is to monitor New Age's management team and ensure that shareholders' interests are well served. New Age'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, New Age's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Devlin Jensen | Legal Counsel | Profile | |
| CMA CPA | Chief Officer | Profile | |
| BA MA | Geological Board | Profile | |
| Richard Zemoroz | Geologist | Profile | |
| Charlotte Brown | Corporate Secretary | Profile |