COPAUR MINERALS Correlations

RFC4 Stock

EUR 0.07 0 1.72%

The current 90-days correlation between COPAUR MINERALS INC and Rio Tinto Group is -0.08 (i.e., Good diversification). The correlation of COPAUR MINERALS 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.

COPAUR MINERALS Correlation With Market

Good diversification

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

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

Moving together with COPAUR Stock

0.82	F5J	Mineral Resources	Pair Corr
0.68	LIS	Liontown Resources	Pair Corr
0.73	5LA1	American Lithium Corp	Pair Corr

Moving against COPAUR Stock

0.64	MSF	Microsoft	Pair Corr
0.64	MSF	Microsoft	Pair Corr
0.63	MSF	Microsoft	Pair Corr
0.59	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.58	APC	Apple Inc	Pair Corr
0.34	NGLB	Anglo American plc	Pair Corr
0.86	CAI	CDN IMPERIAL BANK	Pair Corr
0.86	CE1	Perdoceo Education	Pair Corr
0.84	IUI1	Intuitive Surgical Earnings Call This Week	Pair Corr
0.79	BN9	Bank of New York Mellon	Pair Corr
0.79	C8C	Consolidated Communications	Pair Corr
0.76	FDX	FedEx	Pair Corr
0.73	YC3	CONCORDIA FINL GROUP	Pair Corr
0.73	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.72	OD7B	ETFS Coffee ETC	Pair Corr
0.65	MSF	Microsoft	Pair Corr
0.61	NTOA	Nintendo	Pair Corr
0.6	AAH	AHLERS	Pair Corr
0.52	SDP	Summit Hotel Properties	Pair Corr
0.85	1FA	SPROUTS FARMERS MKT	Pair Corr
0.85	XKR	KAR Auction Services	Pair Corr
0.81	RHM	Rheinmetall AG	Pair Corr
0.81	TL0	Tesla Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CRA1	NGLB	F5J	LIS	NE0	W2F	5LA1	3FN	3FNA
CRA1		0.27	0.53	0.56	-0.16	0.04	0.59	0.26	0.18	CRA1
NGLB	0.27		-0.34	-0.31	0.13	0.45	-0.34	0.23	0.22	NGLB
F5J	0.53	-0.34		0.52	-0.36	-0.25	0.58	-0.22	-0.18	F5J
LIS	0.56	-0.31	0.52		-0.19	-0.34	0.94	0.41	0.37	LIS
NE0	-0.16	0.13	-0.36	-0.19		0.24	-0.23	0.27	0.34	NE0
W2F	0.04	0.45	-0.25	-0.34	0.24		-0.27	0.04	0.06	W2F
5LA1	0.59	-0.34	0.58	0.94	-0.23	-0.27		0.32	0.24	5LA1
3FN	0.26	0.23	-0.22	0.41	0.27	0.04	0.32		0.71	3FN
3FNA	0.18	0.22	-0.18	0.37	0.34	0.06	0.24	0.71		3FNA
	CRA1	NGLB	F5J	LIS	NE0	W2F	5LA1	3FN	3FNA

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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

5LA1	+ 0.94	LIS
3FNA	+ 0.71	3FN
5LA1	+ 0.59	CRA1
5LA1	+ 0.58	F5J
LIS	+ 0.56	CRA1
F5J	+ 0.53	CRA1

High negative correlations

NE0	- 0.36	F5J
W2F	- 0.34	LIS
5LA1	- 0.34	NGLB
F5J	- 0.34	NGLB
LIS	- 0.31	NGLB
5LA1	- 0.27	W2F

Risk-Adjusted Indicators

There is a big difference between COPAUR Stock performing well and COPAUR MINERALS 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 COPAUR MINERALS'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
CRA1	1.09	(0.08)	0.00	1.26	0.00	0.00	2.16	(1.90)	6.33
NGLB	1.53	0.11	0.04	0.35	2.17	(1.64)	3.42	(4.72)	10.23
F5J	2.74	(0.49)	0.00	1.48	0.00	0.00	5.81	(5.86)	20.78
LIS	2.04	(0.60)	0.00	(0.65)	0.00	0.00	4.35	(9.26)	29.22
NE0	2.35	(0.09)	0.00	0.13	0.00	0.00	4.86	(4.46)	23.16
W2F	0.79	0.01	0.01	0.13	1.02	(1.55)	2.04	(2.00)	9.86
5LA1	5.78	(0.56)	0.00	0.42	0.00	0.00	14.08	(11.11)	52.38
3FN	2.38	0.26	0.11	(0.70)	2.15	(3.54)	7.02	(3.82)	17.46
3FNA	2.30	0.20	0.06	0.84	3.01	(2.58)	5.36	(4.69)	16.29

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Our tools can tell you how much better you can do entering a position in COPAUR MINERALS 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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