Relevant Gold Correlations

RGCCF Stock

USD 0.26 0.01 3.70%

The current 90-days correlation between Relevant Gold Corp and Headwater Gold is -0.13 (i.e., Good diversification). The correlation of Relevant 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.

Relevant Gold Correlation With Market

Significant diversification

The correlation between Relevant Gold Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relevant Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Relevant Pink Sheet

0.77	MSFT	Microsoft	Pair Corr
0.65	PG	Procter Gamble	Pair Corr
0.81	HD	Home Depot	Pair Corr

Moving against Relevant Pink Sheet

0.84	DRXGF	Drax Group plc	Pair Corr
0.83	AU	AngloGold Ashanti plc	Pair Corr
0.77	MTC	MMTEC Inc Tech Boost	Pair Corr
0.74	KGC	Kinross Gold Aggressive Push	Pair Corr
0.65	JBHT	JB Hunt Transport	Pair Corr
0.62	AAPL	Apple Inc	Pair Corr
0.58	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.55	PTAIY	Astra International Tbk	Pair Corr
0.52	PUTKY	United Tractors Tbk	Pair Corr
0.5	EC	Ecopetrol SA ADR	Pair Corr
0.49	WPM	Wheaton Precious Metals	Pair Corr
0.44	GOLD	Gold, Inc Symbol Change	Pair Corr
0.37	PHJMF	PT Hanjaya Mandala	Pair Corr
0.36	GFI	Gold Fields	Pair Corr
0.32	AEM	Agnico Eagle Mines	Pair Corr
0.87	JNJ	Johnson Johnson	Pair Corr
0.84	GKOS	Glaukos Corp	Pair Corr
0.79	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.71	DD	Dupont De Nemours	Pair Corr
0.7	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.7	TRV	The Travelers Companies	Pair Corr
0.66	WMT	Walmart Common Stock	Pair Corr
0.64	CAT	Caterpillar	Pair Corr
0.62	NHIC	NewHold Investment Corp	Pair Corr
0.6	KO	Coca Cola	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.54	PFE	Pfizer Inc	Pair Corr
0.5	IBM	International Business	Pair Corr
0.46	AXP	American Express	Pair Corr
0.32	ALRS	Alerus Financial Corp	Pair Corr

Related Correlations Analysis

	YGTFF	JGLDF	WTHVF	RCGCF	RRDMF	HWAUF	GGLDF	KAMRF	VIORF	ENDGF
YGTFF		-0.39	-0.14	0.28	0.21	0.56	0.33	0.34	-0.01	0.33	YGTFF
JGLDF	-0.39		0.13	0.27	-0.52	-0.39	0.4	-0.65	0.31	-0.03	JGLDF
WTHVF	-0.14	0.13		0.47	0.46	0.14	0.28	-0.57	0.54	0.5	WTHVF
RCGCF	0.28	0.27	0.47		0.13	0.27	0.56	-0.56	0.69	0.23	RCGCF
RRDMF	0.21	-0.52	0.46	0.13		0.28	-0.07	-0.07	0.1	0.42	RRDMF
HWAUF	0.56	-0.39	0.14	0.27	0.28		0.09	0.23	-0.03	0.43	HWAUF
GGLDF	0.33	0.4	0.28	0.56	-0.07	0.09		-0.57	0.63	0.13	GGLDF
KAMRF	0.34	-0.65	-0.57	-0.56	-0.07	0.23	-0.57		-0.68	-0.1	KAMRF
VIORF	-0.01	0.31	0.54	0.69	0.1	-0.03	0.63	-0.68		0.09	VIORF
ENDGF	0.33	-0.03	0.5	0.23	0.42	0.43	0.13	-0.1	0.09		ENDGF
	YGTFF	JGLDF	WTHVF	RCGCF	RRDMF	HWAUF	GGLDF	KAMRF	VIORF	ENDGF

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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

VIORF	+ 0.69	RCGCF
VIORF	+ 0.63	GGLDF
HWAUF	+ 0.56	YGTFF
GGLDF	+ 0.56	RCGCF
VIORF	+ 0.54	WTHVF
ENDGF	+ 0.5	WTHVF

High negative correlations

VIORF	- 0.68	KAMRF
KAMRF	- 0.65	JGLDF
KAMRF	- 0.57	GGLDF
KAMRF	- 0.57	WTHVF
KAMRF	- 0.56	RCGCF
RRDMF	- 0.52	JGLDF

Risk-Adjusted Indicators

There is a big difference between Relevant Pink Sheet performing well and Relevant Gold 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 Relevant 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
YGTFF	6.93	1.68	0.24	1.47	5.42	(10.50)	22.91	(9.83)	57.14
JGLDF	5.57	(0.05)	0.00	0.48	0.00	0.00	10.11	(10.00)	85.42
WTHVF	4.97	0.79	0.08	(329.64)	4.87	(9.92)	8.33	(8.33)	24.48
RCGCF	5.49	0.75	0.10	0.66	6.06	(7.06)	11.67	(10.00)	58.70
RRDMF	4.81	0.73	0.08	1.64	4.37	(12.98)	13.33	(7.14)	58.33
HWAUF	4.29	0.57	0.12	0.37	3.97	(6.85)	9.76	(7.89)	50.00
GGLDF	3.82	(0.02)	0.00	0.04	4.22	(6.69)	10.00	(8.33)	31.02
KAMRF	94.00	42.54	0.00	0.51	0.00	0.00	0.00	0.00	3,150
VIORF	2.72	0.08	0.02	0.14	3.23	(5.77)	7.10	(7.12)	26.10
ENDGF	3.85	0.65	0.08	0.94	3.58	(12.25)	12.50	(9.52)	38.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in Relevant 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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Relevant Gold Corporate Management

Kristopher Jensen	VP Communications	Profile
Rob Bergmann	CEO CoFounder	Profile
Sam Siebenaler	VP Devel	Profile
Alan Hutchison	Co Sec	Profile
Brian CPG	Chief Director	Profile

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