Perpetua Resources Correlations

PPTA Stock

USD 9.36 0.52 5.26%

The current 90-days correlation between Perpetua Resources Corp and Endeavour Silver Corp is 0.47 (i.e., Very weak diversification). The correlation of Perpetua Resources 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.

Perpetua Resources Correlation With Market

Average diversification

The correlation between Perpetua Resources Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perpetua Resources 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 Perpetua Resources 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 estimate.

Moving together with Perpetua Stock

0.78	ASM	Avino Silver Gold	Pair Corr
0.85	EXK	Endeavour Silver Corp	Pair Corr
0.71	MTA	Metalla Royalty Streaming	Pair Corr
0.82	PLG	Platinum Group Metals	Pair Corr
0.82	GATO	Gatos Silver	Pair Corr
0.69	GROY	Gold Royalty Corp	Pair Corr
0.69	HL-PB	Hecla Mining	Pair Corr
0.7	ITRG	Integra Resources Corp	Pair Corr
0.78	NEWP	New Pacific Metals	Pair Corr
0.8	SILV	SilverCrest Metals	Pair Corr
0.68	TFPM	Triple Flag Precious	Pair Corr
0.79	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	AG	First Majestic Silver	Pair Corr
0.79	IE	Ivanhoe Electric	Pair Corr
0.74	MP	MP Materials Corp	Pair Corr
0.87	OR	Osisko Gold Ro	Pair Corr

Moving against Perpetua Stock

0.68	NORNQ	Noranda Aluminum Holding	Pair Corr
0.4	NG	NovaGold Resources	Pair Corr
0.35	CX	Cemex SAB de	Pair Corr

Related Correlations Analysis

	EXK	MTA	NEWP	HL	SILV	SLRRF	MUX	ASM	GROY
EXK		0.78	0.85	0.39	0.91	0.14	0.48	0.88	0.74	EXK
MTA	0.78		0.8	0.72	0.81	0.13	0.79	0.92	0.83	MTA
NEWP	0.85	0.8		0.51	0.8	0.08	0.68	0.93	0.87	NEWP
HL	0.39	0.72	0.51		0.56	0.14	0.9	0.66	0.73	HL
SILV	0.91	0.81	0.8	0.56		0.14	0.63	0.88	0.79	SILV
SLRRF	0.14	0.13	0.08	0.14	0.14		0.21	0.16	0.15	SLRRF
MUX	0.48	0.79	0.68	0.9	0.63	0.21		0.79	0.83	MUX
ASM	0.88	0.92	0.93	0.66	0.88	0.16	0.79		0.89	ASM
GROY	0.74	0.83	0.87	0.73	0.79	0.15	0.83	0.89		GROY
	EXK	MTA	NEWP	HL	SILV	SLRRF	MUX	ASM	GROY

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Risk-Adjusted Indicators

There is a big difference between Perpetua Stock performing well and Perpetua Resources 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 Perpetua Resources' 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
EXK	3.24	0.51	0.13	1.13	3.08	(4.01)	7.74	(4.91)	21.38
MTA	2.64	0.19	0.03	0.60	3.29	(2.82)	6.98	(5.43)	20.05
NEWP	3.03	0.05	0.04	0.15	3.07	(4.25)	6.77	(4.49)	24.14
HL	2.43	(0.19)	0.00	(0.08)	0.00	0.00	5.92	(4.83)	14.22
SILV	2.89	0.23	0.07	0.41	2.88	(3.52)	8.37	(4.82)	16.03
SLRRF	42.43	16.40	0.28	7.96	19.84	(250.00)	150.00	(60.00)	810.00
MUX	2.33	(0.23)	0.00	(0.21)	0.00	0.00	5.60	(5.30)	15.30
ASM	3.17	0.19	0.04	0.35	3.77	(3.57)	9.09	(6.03)	21.90
GROY	1.98	(0.08)	0.00	(0.94)	0.00	0.00	3.94	(4.49)	17.73

Perpetua Resources Corporate Management

Travis Walker	General Operations	Profile
Belinda Provancher	Community Manager	Profile
Marty Boughton	Public Manager	Profile
Austin Zinsser	Resource Geologist	Profile
Alyssa Terteling	Public Specialist	Profile
Chris Fogg	Manager Relations	Profile

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