Sun Peak Correlations

PEAK Stock

CAD 0.30 0.01 3.45%

The current 90-days correlation between Sun Peak Metals and Oncolytics Biotech is -0.09 (i.e., Good diversification). The correlation of Sun Peak 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.

Sun Peak Correlation With Market

Significant diversification

The correlation between Sun Peak Metals and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sun Peak Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sun Stock

0.88	AG	First Majestic Silver	Pair Corr
0.78	IE	Ivanhoe Energy	Pair Corr
0.61	ORE	Orezone Gold Corp	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr
0.69	INFM	Infinico Metals Corp	Pair Corr
0.79	HPQ	HPQ Silicon Resources	Pair Corr
0.66	DFR	Diamond Fields Resources	Pair Corr

Moving against Sun Stock

0.71	IVS	Inventus Mining Corp	Pair Corr
0.59	FDR	Flinders Resources	Pair Corr

Related Correlations Analysis

	ONC	VZLA	AYA	AC	CRM	EDR	NEXG	CGY
ONC		0.26	0.81	-0.37	-0.71	0.82	0.63	0.12	ONC
VZLA	0.26		0.41	-0.7	-0.61	0.22	0.56	0.34	VZLA
AYA	0.81	0.41		-0.27	-0.63	0.85	0.74	0.18	AYA
AC	-0.37	-0.7	-0.27		0.74	-0.14	-0.43	-0.08	AC
CRM	-0.71	-0.61	-0.63	0.74		-0.53	-0.57	-0.18	CRM
EDR	0.82	0.22	0.85	-0.14	-0.53		0.61	0.11	EDR
NEXG	0.63	0.56	0.74	-0.43	-0.57	0.61		0.01	NEXG
CGY	0.12	0.34	0.18	-0.08	-0.18	0.11	0.01		CGY
	ONC	VZLA	AYA	AC	CRM	EDR	NEXG	CGY

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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

EDR	+ 0.85	AYA
EDR	+ 0.82	ONC
AYA	+ 0.81	ONC
NEXG	+ 0.74	AYA
CRM	+ 0.74	AC
NEXG	+ 0.63	ONC

High negative correlations

CRM	- 0.71	ONC
AC	- 0.7	VZLA
CRM	- 0.63	AYA
CRM	- 0.61	VZLA
NEXG	- 0.57	CRM
EDR	- 0.53	CRM

Risk-Adjusted Indicators

There is a big difference between Sun Stock performing well and Sun Peak 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 Sun Peak'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
ONC	3.15	(0.44)	0.00	7.15	0.00	0.00	6.47	(5.41)	28.25
VZLA	2.74	0.03	0.01	0.07	3.03	(3.16)	5.49	(5.35)	16.88
AYA	2.84	(0.72)	0.00	(1.38)	0.00	0.00	4.56	(6.13)	23.41
AC	1.57	0.13	0.05	0.40	2.22	(1.66)	3.23	(2.96)	23.34
CRM	1.47	0.23	0.13	0.31	1.49	(1.67)	3.32	(2.92)	14.75
EDR	2.63	(0.57)	0.00	(0.82)	0.00	0.00	5.11	(6.05)	18.88
NEXG	2.09	(0.34)	0.00	(1.01)	0.00	0.00	3.13	(4.88)	11.05
CGY	1.22	0.08	0.04	1.46	1.29	(1.31)	2.88	(2.21)	7.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sun Peak 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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Sun Peak Corporate Management

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

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