O3 Mining Correlations

OIIIF Stock

USD 1.15 0.01 0.86%

The current 90-days correlation between O3 Mining and Prime Mining Corp is 0.14 (i.e., Average diversification). The correlation of O3 Mining 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.

O3 Mining Correlation With Market

Good diversification

The correlation between O3 Mining and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding O3 Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to O3 Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace O3 Mining 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 O3 Mining - 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 O3 Mining to buy it.

Moving together with OIIIF OTC Stock

0.66	MNPR	Monopar Therapeutics	Pair Corr
0.9	BA	Boeing	Pair Corr

Moving against OIIIF OTC Stock

0.84	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.78	BHP	BHP Group Limited	Pair Corr
0.76	GLNCY	Glencore PLC ADR	Pair Corr
0.75	GLCNF	Glencore PLC	Pair Corr
0.72	RIO	Rio Tinto ADR	Pair Corr
0.72	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.68	BHPLF	BHP Group Limited	Pair Corr
0.68	RTPPF	Rio Tinto Group	Pair Corr
0.49	RTNTF	Rio Tinto Group	Pair Corr
0.89	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.88	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.88	HPQ	HP Inc	Pair Corr
0.77	TRV	The Travelers Companies	Pair Corr
0.48	PG	Procter Gamble	Pair Corr
0.44	KO	Coca Cola Earnings Call This Week	Pair Corr
0.34	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CSRNF	BNTRF	PRMNF	AGXPF	KLDCF	AOTVF	AAGFF	SLVDF	NKGFF	GGTHF
CSRNF		0.22	0.42	0.62	0.15	0.4	0.58	0.59	0.53	0.38	CSRNF
BNTRF	0.22		0.47	0.32	0.3	0.43	0.26	0.35	0.44	0.33	BNTRF
PRMNF	0.42	0.47		0.8	0.39	0.75	0.82	0.76	0.67	0.39	PRMNF
AGXPF	0.62	0.32	0.8		0.11	0.77	0.87	0.95	0.76	0.33	AGXPF
KLDCF	0.15	0.3	0.39	0.11		0.16	0.24	0.12	0.2	0.2	KLDCF
AOTVF	0.4	0.43	0.75	0.77	0.16		0.72	0.81	0.68	0.27	AOTVF
AAGFF	0.58	0.26	0.82	0.87	0.24	0.72		0.8	0.69	0.38	AAGFF
SLVDF	0.59	0.35	0.76	0.95	0.12	0.81	0.8		0.71	0.3	SLVDF
NKGFF	0.53	0.44	0.67	0.76	0.2	0.68	0.69	0.71		0.47	NKGFF
GGTHF	0.38	0.33	0.39	0.33	0.2	0.27	0.38	0.3	0.47		GGTHF
	CSRNF	BNTRF	PRMNF	AGXPF	KLDCF	AOTVF	AAGFF	SLVDF	NKGFF	GGTHF

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Risk-Adjusted Indicators

There is a big difference between OIIIF OTC Stock performing well and O3 Mining 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 O3 Mining'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
CSRNF	6.44	0.49	0.02	12.10	8.56	(15.68)	21.39	(19.16)	74.24
BNTRF	10.05	0.95	0.05	0.44	11.81	(19.57)	30.00	(27.50)	100.38
PRMNF	3.70	(0.24)	0.00	(0.34)	0.00	0.00	7.29	(7.81)	30.00
AGXPF	3.91	(0.77)	0.00	2.62	0.00	0.00	7.69	(9.52)	23.61
KLDCF	2.56	0.10	0.00	(0.56)	2.67	(3.61)	5.95	(4.71)	21.68
AOTVF	4.29	(0.44)	0.00	(0.48)	0.00	0.00	13.33	(8.33)	27.78
AAGFF	4.03	(0.33)	0.00	46.74	0.00	0.00	9.38	(8.57)	22.18
SLVDF	4.19	(0.41)	0.00	0.45	0.00	0.00	10.53	(9.09)	25.53
NKGFF	5.04	(0.18)	0.00	(0.20)	0.00	0.00	11.11	(10.00)	32.47
GGTHF	58.13	25.72	0.53	(0.84)	26.31	(139.45)	268.16	(60.82)	521.43

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Our tools can tell you how much better you can do entering a position in O3 Mining 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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O3 Mining Corporate Management

Elected by the shareholders, the O3 Mining's board of directors comprises two types of representatives: O3 Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OIIIF. The board's role is to monitor O3 Mining's management team and ensure that shareholders' interests are well served. O3 Mining'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, O3 Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

JeanFelix Lepage	Director Operations	Profile
Alex Tovalino	VP Devel	Profile
Louis PGeo	VP Exploration	Profile
Elijah Tyshynski	Chief Officer	Profile
Myrzah MSc	VP Devel	Profile
Lillian Mance	Co Sec	Profile
B AIGP	CEO Pres	Profile

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