Outcrop Gold Correlations
| OCGSF Stock | USD 0.33 0.01 2.94% |
The current 90-days correlation between Outcrop Gold Corp and Arras Minerals Corp is -0.13 (i.e., Good diversification). The correlation of Outcrop Gold 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.
Outcrop Gold Correlation With Market
Weak diversification
The correlation between Outcrop Gold Corp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Outcrop Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
Outcrop |
The ability to find closely correlated positions to Outcrop Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Outcrop Gold 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 Outcrop Gold - 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 Outcrop Gold Corp to buy it.
Moving together with Outcrop OTC Stock
| 0.89 | AGPPF | Anglo American Platinum | PairCorr |
| 0.92 | ANGPY | Valterra Platinum | PairCorr |
| 0.91 | IMPUY | Impala Platinum Holdings | PairCorr |
| 0.83 | IMPUF | Impala Platinum Holdings | PairCorr |
| 0.88 | FNLPF | Fresnillo PLC | PairCorr |
| 0.87 | BVN | Compania de Minas | PairCorr |
| 0.76 | TFPM | Triple Flag Precious | PairCorr |
| 0.78 | EXK | Endeavour Silver Corp | PairCorr |
| 0.65 | FTV | Fortive Corp | PairCorr |
| 0.62 | MRK | Merck Company | PairCorr |
Moving against Outcrop OTC Stock
| 0.47 | FSTF | First State Financial | PairCorr |
| 0.54 | PG | Procter Gamble | PairCorr |
| 0.39 | MSFT | Microsoft Sell-off Trend | 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 Outcrop OTC Stock performing well and Outcrop Gold 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 Outcrop Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARRKF | 3.23 | 0.03 | (0.01) | 25.82 | 3.77 | 6.00 | 28.61 | |||
| PLLMF | 30.18 | 12.83 | 0.33 | 1.19 | 12.55 | 16.67 | 1,059 | |||
| EMPYF | 3.02 | 0.11 | 0.04 | 0.15 | 3.13 | 7.41 | 22.89 | |||
| PDLMF | 0.30 | (0.17) | 0.00 | (1.75) | 0.00 | 0.00 | 10.00 | |||
| ANSNF | 4.64 | (0.27) | 0.00 | (0.07) | 0.00 | 15.38 | 47.46 | |||
| BRGC | 4.85 | (0.18) | 0.00 | (1.54) | 0.00 | 11.11 | 37.80 | |||
| WFSTF | 1.39 | (0.12) | 0.00 | (0.02) | 0.00 | 3.47 | 11.78 | |||
| HDRSF | 2.98 | (0.10) | 0.00 | (0.02) | 0.00 | 9.09 | 19.09 | |||
| UNIKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Outcrop Gold 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?
Run Financial Widgets Now
Financial WidgetsEasily integrated Macroaxis content with over 30 different plug-and-play financial widgets |
| All Next | Launch Module |
Outcrop Gold Corporate Management
Elected by the shareholders, the Outcrop Gold's board of directors comprises two types of representatives: Outcrop Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Outcrop. The board's role is to monitor Outcrop Gold's management team and ensure that shareholders' interests are well served. Outcrop Gold'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, Outcrop Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ian CA | Ex Chairman | Profile | |
| Guillermo Geo | VP Exploration | Profile | |
| Sunil Sharma | Chief Officer | Profile | |
| Melissa Martensen | Co Sec | Profile | |
| Kathy Li | Director Relations | Profile | |
| Joseph Geo | CEO Pres | Profile | |
| Steven Ristorcelli | Consultant | Profile |