Osisko Development Correlations

ODVWZ Stock

0.20 0.03 13.04%

The correlation of Osisko Development 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Osisko Development Correlation With Market

Average diversification

The correlation between Osisko Development Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osisko Development Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Osisko Development Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving against Osisko Stock

0.53	KALU	Kaiser Aluminum	Pair Corr
0.53	ASTL	Algoma Steel Group	Pair Corr
0.43	MT	ArcelorMittal SA ADR	Pair Corr
0.41	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.35	CC	Chemours	Pair Corr
0.32	CF	CF Industries Holdings	Pair Corr
0.57	NC	NACCO Industries	Pair Corr
0.49	WS	Worthington Steel	Pair Corr
0.46	RS	Reliance Steel Aluminum	Pair Corr
0.44	MP	MP Materials Corp	Pair Corr
0.34	OC	Owens Corning	Pair Corr
0.32	VKSC	Viskase Companies	Pair Corr

Related Correlations Analysis

	AEM	GFI	FNV	SAND
AEM		0.77	0.91	0.78	AEM
GFI	0.77		0.83	0.71	GFI
FNV	0.91	0.83		0.85	FNV
SAND	0.78	0.71	0.85		SAND
	AEM	GFI	FNV	SAND

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Risk-Adjusted Indicators

There is a big difference between Osisko Stock performing well and Osisko Development 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 Osisko Development'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
AEM	1.42	0.11	(0.02)	(0.39)	1.83	(1.55)	3.08	(3.02)	11.66
GFI	2.02	0.09	(0.01)	(2.68)	2.48	(2.25)	4.52	(3.77)	14.93
FNV	1.22	(0.01)	(0.07)	0.07	1.73	(1.17)	2.46	(2.61)	8.26
SAND	1.70	0.04	(0.03)	0.32	2.38	(1.77)	3.33	(2.56)	15.60

Osisko Development Corporate Executives

Elected by the shareholders, the Osisko Development's board of directors comprises two types of representatives: Osisko Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Osisko. The board's role is to monitor Osisko Development's management team and ensure that shareholders' interests are well served. Osisko Development'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, Osisko Development's outside directors are responsible for providing unbiased perspectives on the board's policies.

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