RE Royalties Correlations
| RROYF Stock | USD 0.19 0.01 5.56% |
The correlation of RE Royalties 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.
RROYF |
The ability to find closely correlated positions to RE Royalties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RE Royalties 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 RE Royalties - 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 RE Royalties to buy it.
Moving together with RROYF OTC Stock
| 0.68 | OEZVF | VERBUND AG | PairCorr |
| 0.72 | CZAVF | CEZ a s | PairCorr |
| 0.74 | CLPXY | China Longyuan Power | PairCorr |
| 0.69 | AAGH | America Great Health | PairCorr |
| 0.67 | ADVWW | Advantage Solutions | PairCorr |
| 0.65 | GDC | GD Culture Group Trending | PairCorr |
Moving against RROYF OTC Stock
| 0.64 | DOGEF | Orsted A/S | PairCorr |
| 0.31 | BIMT | Bitmis Corp | PairCorr |
| 0.8 | SSAAF | SSAB AB | PairCorr |
| 0.75 | TGS | Transportadora de Gas | PairCorr |
| 0.74 | ATRO | Astronics | PairCorr |
| 0.74 | TXMD | TherapeuticsMD | PairCorr |
| 0.73 | AER | AerCap Holdings NV | PairCorr |
| 0.73 | NAUT | Nautilus Biotechnology | PairCorr |
| 0.7 | DGWR | Critic Clothing | PairCorr |
| 0.69 | OODH | Orion Diversified Holding | PairCorr |
| 0.59 | CALC | CalciMedica, Common Stock Trending | PairCorr |
| 0.56 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.56 | TPB | Turning Point Brands | PairCorr |
| 0.38 | CPAC | Cementos Pacasmayo SAA | PairCorr |
| 0.75 | GDYN | Grid Dynamics Holdings | PairCorr |
| 0.74 | LMND | Lemonade | PairCorr |
| 0.72 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.7 | FBKIF | First International Bank | PairCorr |
| 0.62 | UTRS | Minerva Surgical | PairCorr |
| 0.53 | MNRO | Monro Muffler Brake | PairCorr |
Related Correlations Analysis
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 RROYF OTC Stock performing well and RE Royalties 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 RE Royalties' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CLNV | 5.06 | (0.60) | 0.00 | (0.41) | 0.00 | 9.65 | 39.45 | |||
| EVGIF | 1.84 | (0.78) | 0.00 | (1.29) | 0.00 | 0.00 | 51.69 | |||
| GDYMF | 3.54 | 0.40 | 0.00 | (0.14) | 0.00 | 0.00 | 166.02 | |||
| AWSL | 7.79 | (0.39) | 0.00 | 0.26 | 0.00 | 20.00 | 69.38 | |||
| GEBRF | 34.25 | 14.47 | 0.26 | (1.49) | 20.30 | 154.55 | 622.93 | |||
| DOMWF | 15.55 | 5.57 | 0.08 | (0.32) | 15.16 | 34.83 | 395.00 | |||
| CPWR | 113.88 | 54.90 | 1.04 | 2.05 | 17.93 | 592.31 | 2,183 | |||
| SUME | 0.09 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 5.63 | |||
| CLMOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASRE | 9.12 | (1.35) | 0.00 | (0.22) | 0.00 | 17.24 | 62.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in RE Royalties 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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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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RE Royalties Corporate Management
Elected by the shareholders, the RE Royalties' board of directors comprises two types of representatives: RE Royalties inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RROYF. The board's role is to monitor RE Royalties' management team and ensure that shareholders' interests are well served. RE Royalties' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RE Royalties' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Peter Leighton | Chief Officer | Profile | |
| Bernard CA | CEO Director | Profile | |
| Talia Beckett | VP Sustainability | Profile | |
| Bryce Anderson | Investments VP | Profile | |
| CGA CPA | Chief Officer | Profile | |
| Alistair Howard | VP Devel | Profile | |
| Trevor Thomas | Co Sec | Profile |