Puma Exploration Correlations
| PUMXF Stock | USD 0.06 0.00 0.00% |
The current 90-days correlation between Puma Exploration and Aurion Resources is 0.11 (i.e., Average diversification). The correlation of Puma Exploration 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.
Puma Exploration Correlation With Market
Good diversification
The correlation between Puma Exploration 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 Puma Exploration and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Puma Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Puma Exploration 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 Puma Exploration - 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 Puma Exploration to buy it.
Moving together with Puma OTC Stock
| 0.62 | GM | General Motors | PairCorr |
| 0.76 | ALAB | Astera Labs, Common | PairCorr |
| 0.71 | MRVL | Marvell Technology Earnings Call Tomorrow | PairCorr |
| 0.73 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.67 | DECK | Deckers Outdoor | PairCorr |
| 0.62 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.7 | ADSK | Autodesk | PairCorr |
| 0.71 | ZM | Zoom Video Communications | PairCorr |
| 0.78 | GVA | Granite Construction | PairCorr |
| 0.64 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.67 | CRWD | Crowdstrike Holdings | PairCorr |
Moving against Puma OTC Stock
| 0.75 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.67 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.65 | BKRKY | Bank Rakyat | PairCorr |
| 0.64 | GOLD | Barrick Gold Corp | PairCorr |
| 0.64 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.61 | SHG | Shinhan Financial | PairCorr |
| 0.54 | PTBRY | Bank Negara Indonesia Downward Rally | PairCorr |
| 0.46 | PBCRF | PT Bank Central | PairCorr |
| 0.37 | NCMGF | Newcrest Mining | PairCorr |
| 0.36 | NCMGY | Newcrest Mining | PairCorr |
| 0.32 | PBCRY | Bank Central Asia | PairCorr |
| 0.37 | AMIX | Autonomix Medical, Common Downward Rally | PairCorr |
Related Correlations Analysis
| -0.08 | 0.5 | 0.4 | 0.51 | 0.49 | AIRRF | ||
| -0.08 | 0.53 | -0.02 | 0.19 | 0.65 | LGDTF | ||
| 0.5 | 0.53 | 0.31 | 0.57 | 0.82 | ORZCF | ||
| 0.4 | -0.02 | 0.31 | 0.7 | 0.18 | FSM | ||
| 0.51 | 0.19 | 0.57 | 0.7 | 0.58 | SAND | ||
| 0.49 | 0.65 | 0.82 | 0.18 | 0.58 | IAUX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Puma OTC Stock performing well and Puma Exploration 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 Puma Exploration'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AIRRF | 2.30 | 0.08 | (0.03) | (0.01) | 2.93 | 5.13 | 15.14 | |||
| LGDTF | 3.12 | (0.41) | 0.00 | (0.52) | 0.00 | 4.76 | 18.80 | |||
| ORZCF | 2.78 | (0.32) | 0.00 | (1.44) | 0.00 | 5.36 | 22.11 | |||
| FSM | 2.36 | (0.05) | (0.03) | 0.05 | 3.15 | 4.66 | 17.32 | |||
| SAND | 1.72 | 0.06 | (0.01) | 0.37 | 2.38 | 3.33 | 15.60 | |||
| IAUX | 4.53 | (0.29) | 0.00 | (0.13) | 0.00 | 10.28 | 66.32 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Puma Exploration 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.Did you try this?
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Puma Exploration Corporate Management
Elected by the shareholders, the Puma Exploration's board of directors comprises two types of representatives: Puma Exploration inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Puma. The board's role is to monitor Puma Exploration's management team and ensure that shareholders' interests are well served. Puma Exploration'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, Puma Exploration's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Geo MSc | Pres CEO | Profile | |
| Isabelle Valiquette | Adviser | Profile | |
| Christian Tweedy | Head Communications | Profile | |
| Karolyn BouchardGagne | Company Sec | Profile | |
| CGA CPA | Chief Officer | Profile |