Precipitate Gold Correlations

PREIF Stock

USD 0.09 0 1.28%

The current 90-days correlation between Precipitate Gold Corp and Falcon Gold Corp is -0.19 (i.e., Good diversification). The correlation of Precipitate 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.

Precipitate Gold Correlation With Market

Average diversification

The correlation between Precipitate Gold Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Precipitate Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Precipitate 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 Precipitate 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 Precipitate 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 Precipitate Gold Corp to buy it.

Moving together with Precipitate OTC Stock

0.67	ATCOL	Atlas Corp	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.61	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.64	GE	GE Aerospace Sell-off Trend	Pair Corr
0.66	MMM	3M Company	Pair Corr

Moving against Precipitate OTC Stock

0.6	PCTTW	PureCycle Technologies	Pair Corr
0.48	AA	Alcoa Corp	Pair Corr
0.45	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.42	AFFL	Affiliated Resources Corp	Pair Corr
0.37	MSFT	Microsoft	Pair Corr
0.35	HPQ	HP Inc	Pair Corr
0.33	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	FGLDF	EQTRF	BTKRF	KOREF	VIORF	PMCCF	BTUMF	PLMNF	OSIIF	TSRMF
FGLDF		0.17	0.0	0.7	-0.52	0.61	0.49	0.34	0.0	0.0	FGLDF
EQTRF	0.17		0.0	0.15	-0.17	-0.04	0.22	0.62	0.0	0.0	EQTRF
BTKRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	BTKRF
KOREF	0.7	0.15	0.0		-0.46	0.47	0.37	0.37	0.0	0.0	KOREF
VIORF	-0.52	-0.17	0.0	-0.46		-0.35	-0.17	-0.34	0.0	0.0	VIORF
PMCCF	0.61	-0.04	0.0	0.47	-0.35		0.32	0.09	0.0	0.0	PMCCF
BTUMF	0.49	0.22	0.0	0.37	-0.17	0.32		0.29	0.0	0.0	BTUMF
PLMNF	0.34	0.62	0.0	0.37	-0.34	0.09	0.29		0.0	0.0	PLMNF
OSIIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OSIIF
TSRMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		TSRMF
	FGLDF	EQTRF	BTKRF	KOREF	VIORF	PMCCF	BTUMF	PLMNF	OSIIF	TSRMF

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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

KOREF	+ 0.7	FGLDF
PLMNF	+ 0.62	EQTRF
PMCCF	+ 0.61	FGLDF
BTUMF	+ 0.49	FGLDF
PMCCF	+ 0.47	KOREF
BTUMF	+ 0.37	KOREF

High negative correlations

VIORF	- 0.52	FGLDF
VIORF	- 0.46	KOREF
PMCCF	- 0.35	VIORF
PLMNF	- 0.34	VIORF
BTUMF	- 0.17	VIORF
VIORF	- 0.17	EQTRF

Risk-Adjusted Indicators

There is a big difference between Precipitate OTC Stock performing well and Precipitate 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 Precipitate 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
FGLDF	8.52	1.16	0.09	1.43	8.81	(13.91)	20.34	(18.81)	51.89
EQTRF	3.73	(0.35)	0.00	(1.17)	0.00	0.00	7.18	(9.00)	28.54
BTKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KOREF	5.50	0.41	0.03	0.78	7.41	(10.46)	15.79	(12.00)	48.81
VIORF	3.59	0.09	0.01	0.10	4.33	(12.68)	14.29	(11.11)	36.76
PMCCF	3.59	0.32	0.02	0.31	5.50	(19.75)	10.47	(15.40)	60.72
BTUMF	0.94	0.19	0.00	2.58	0.00	0.00	0.00	0.00	16.42
PLMNF	3.55	(0.26)	0.00	(0.57)	0.00	0.00	8.72	(10.14)	35.59
OSIIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSRMF	0.00	0.00	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 Precipitate 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.

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