Nevada Exploration Correlations
| NVDEFDelisted Stock | USD 0.09 0.01 5.20% |
The correlation of Nevada Exploration 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.
Nevada Exploration Correlation With Market
Pay attention - limited upside
The correlation between Nevada Exploration and DJI is -0.76 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nevada Exploration and DJI in the same portfolio, assuming nothing else is changed.
Nevada |
The ability to find closely correlated positions to Nevada Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nevada Exploration 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 Nevada Exploration - 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 Nevada Exploration to buy it.
Moving together with Nevada OTC Stock
| 0.86 | TRNR | Interactive Strength | PairCorr |
| 0.85 | APVO | Aptevo Therapeutics | PairCorr |
| 0.67 | MSFT | Microsoft | PairCorr |
| 0.88 | HPQ | HP Inc | PairCorr |
Moving against Nevada OTC Stock
| 0.91 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.9 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.88 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.88 | AEM | Agnico Eagle Mines Earnings Call This Week | PairCorr |
| 0.88 | WPM | Wheaton Precious Metals | PairCorr |
| 0.86 | KGC | Kinross Gold | PairCorr |
| 0.85 | GFI | Gold Fields | PairCorr |
| 0.85 | GOLD | Gold Inc Symbol Change | PairCorr |
| 0.83 | AU | AngloGold Ashanti plc | PairCorr |
| 0.75 | WNC | Wabash National | PairCorr |
| 0.85 | DD | Dupont De Nemours Earnings Call This Week | PairCorr |
| 0.79 | INTC | Intel Aggressive Push | PairCorr |
| 0.74 | MRK | Merck Company Aggressive Push | PairCorr |
| 0.73 | JNJ | Johnson Johnson | PairCorr |
| 0.72 | WMT | Walmart Common Stock Aggressive Push | PairCorr |
| 0.62 | HD | Home Depot | PairCorr |
| 0.56 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.4 | GE | GE Aerospace | PairCorr |
| 0.37 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.34 | DIS | Walt Disney | PairCorr |
| 0.32 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Nevada OTC Stock performing well and Nevada Exploration 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 Nevada Exploration'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMNRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GILXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MTEHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| INCAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSGCF | 0.85 | 0.44 | 0.00 | (2.76) | 0.00 | 0.00 | 16.25 | |||
| JBULF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYUXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NRGOF | 85.85 | 42.96 | 0.99 | 2.01 | 20.64 | 66.67 | 2,459 | |||
| GYNAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCDMF | 5.87 | 1.47 | 0.12 | 1.42 | 5.89 | 24.44 | 49.36 |
Nevada Exploration Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nevada Exploration otc stock to make a market-neutral strategy. Peer analysis of Nevada Exploration could also be used in its relative valuation, which is a method of valuing Nevada Exploration by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nevada Exploration Corporate Management
Elected by the shareholders, the Nevada Exploration's board of directors comprises two types of representatives: Nevada Exploration inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nevada. The board's role is to monitor Nevada Exploration's management team and ensure that shareholders' interests are well served. Nevada Exploration'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, Nevada Exploration's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christina CA | CFO Sec | Profile | |
| Anne Labelle | CEO Pres | Profile | |
| Tao Feng | Consultant | Profile | |
| Wade MSc | Chief Director | Profile |
Still Interested in Nevada Exploration?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.