Riley Gold Correlations

RLYGF Stock

USD 0.18 0.01 5.26%

The current 90-days correlation between Riley Gold Corp and ExGen Resources is 0.09 (i.e., Significant diversification). The correlation of Riley 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.

Riley Gold Correlation With Market

Good diversification

The correlation between Riley Gold Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riley Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Riley OTC Stock

0.79	AGPPF	Anglo American Platinum	Pair Corr
0.8	ANGPY	Valterra Platinum	Pair Corr
0.77	IMPUY	Impala Platinum Holdings	Pair Corr
0.67	IMPUF	Impala Platinum Holdings Upward Rally	Pair Corr
0.78	BVN	Compania de Minas	Pair Corr
0.73	TFPM	Triple Flag Precious	Pair Corr
0.85	FNLPF	Fresnillo PLC	Pair Corr
0.63	EXK	Endeavour Silver Corp Aggressive Push	Pair Corr
0.82	PPERF	Bank Mandiri Persero	Pair Corr
0.66	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.67	CM	Canadian Imperial Bank	Pair Corr
0.61	SPOI	SPO Networks	Pair Corr
0.87	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.7	ALVLF	Big Ridge Gold	Pair Corr
0.87	GPAEF	Grupo Aeroportuario del	Pair Corr
0.76	HIRU	Hiru	Pair Corr

Moving against Riley OTC Stock

0.35	BKRKF	PT Bank Rakyat	Pair Corr
0.58	NYMXF	Nymox Pharmaceutical	Pair Corr
0.45	PTAIF	PT Astra International	Pair Corr
0.32	PNW	Pinnacle West Capital	Pair Corr
0.65	BASE	Couchbase	Pair Corr

Related Correlations Analysis

	TSDRF	ENDMF	MMMRF	BDGCF	PEXZF	HWKDF	BXXRF	MAGE	HVGDF	WTCZF
TSDRF		-0.2	0.18	0.0	-0.18	0.0	0.1	-0.5	0.25	-0.28	TSDRF
ENDMF	-0.2		-0.38	0.0	0.47	0.0	0.18	0.19	0.48	0.11	ENDMF
MMMRF	0.18	-0.38		0.0	-0.3	0.0	0.18	-0.13	-0.36	0.1	MMMRF
BDGCF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	BDGCF
PEXZF	-0.18	0.47	-0.3	0.0		0.0	0.09	0.28	0.23	0.23	PEXZF
HWKDF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HWKDF
BXXRF	0.1	0.18	0.18	0.0	0.09	0.0		-0.17	0.16	0.2	BXXRF
MAGE	-0.5	0.19	-0.13	0.0	0.28	0.0	-0.17		-0.32	0.44	MAGE
HVGDF	0.25	0.48	-0.36	0.0	0.23	0.0	0.16	-0.32		-0.18	HVGDF
WTCZF	-0.28	0.11	0.1	0.0	0.23	0.0	0.2	0.44	-0.18		WTCZF
	TSDRF	ENDMF	MMMRF	BDGCF	PEXZF	HWKDF	BXXRF	MAGE	HVGDF	WTCZF

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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

HVGDF	+ 0.48	ENDMF
PEXZF	+ 0.47	ENDMF
WTCZF	+ 0.44	MAGE
MAGE	+ 0.28	PEXZF
HVGDF	+ 0.25	TSDRF
HVGDF	+ 0.23	PEXZF

High negative correlations

MAGE	- 0.5	TSDRF
MMMRF	- 0.38	ENDMF
HVGDF	- 0.36	MMMRF
HVGDF	- 0.32	MAGE
PEXZF	- 0.3	MMMRF
WTCZF	- 0.28	TSDRF

Risk-Adjusted Indicators

There is a big difference between Riley OTC Stock performing well and Riley 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 Riley 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
TSDRF	1.77	(0.37)	0.00	0.97	0.00	0.00	0.00	(10.00)	32.50
ENDMF	1.60	0.00	0.00	0.08	2.58	(8.84)	9.09	(8.33)	17.42
MMMRF	26.08	9.35	0.00	1.68	0.00	0.00	0.00	(1.52)	833.79
BDGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PEXZF	5.49	0.25	0.04	0.33	5.15	(9.88)	13.33	(9.52)	30.53
HWKDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BXXRF	3.12	0.29	0.02	1.10	4.37	(13.17)	11.53	(8.97)	43.57
MAGE	8.67	2.01	0.12	(0.42)	7.83	(20.79)	31.58	(15.38)	72.59
HVGDF	13.50	1.12	0.05	(0.64)	14.75	(17.51)	39.00	(23.73)	82.60
WTCZF	26.71	9.05	0.22	(0.50)	19.91	(51.10)	93.33	(44.62)	303.45

Be your own money manager

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