Robex Resources Correlations
| RSRBF Stock | USD 4.65 0.06 1.27% |
The current 90-days correlation between Robex Resources and G2 Goldfields is 0.2 (i.e., Modest diversification). The correlation of Robex Resources 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.
Robex Resources Correlation With Market
Very poor diversification
The correlation between Robex Resources and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robex Resources and DJI in the same portfolio, assuming nothing else is changed.
Robex |
The ability to find closely correlated positions to Robex Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Robex Resources 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 Robex Resources - 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 Robex Resources to buy it.
Moving together with Robex Pink Sheet
| 0.63 | F | Ford Motor Earnings Call This Week | PairCorr |
| 0.74 | ABEV | Ambev SA ADR Aggressive Push | PairCorr |
| 0.87 | XOM | Exxon Mobil Corp Earnings Call This Week | PairCorr |
| 0.71 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.79 | WMT | Walmart Common Stock | PairCorr |
| 0.94 | AA | Alcoa Corp | PairCorr |
| 0.78 | MRK | Merck Company Earnings Call This Week | PairCorr |
| 0.76 | JNJ | Johnson Johnson | PairCorr |
| 0.66 | DD | Dupont De Nemours | PairCorr |
| 0.75 | CAT | Caterpillar Earnings Call This Week | PairCorr |
Moving against Robex Pink Sheet
| 0.77 | HPQ | HP Inc | PairCorr |
| 0.75 | GRAB | Grab Holdings Aggressive Push | PairCorr |
| 0.67 | NIO | Nio Class A | PairCorr |
| 0.66 | MAPSW | WM Technology | PairCorr |
| 0.63 | MSFT | Microsoft Earnings Call Tomorrow | PairCorr |
| 0.34 | PCTTW | PureCycle Technologies | 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
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Risk-Adjusted Indicators
There is a big difference between Robex Pink Sheet performing well and Robex Resources 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 Robex Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASGOF | 2.52 | (0.11) | 0.00 | (0.35) | 0.00 | 5.38 | 16.89 | |||
| RIOFF | 2.85 | 1.11 | 0.30 | 1.13 | 2.71 | 7.43 | 22.00 | |||
| GUYGF | 2.71 | 0.95 | 0.34 | 1.16 | 1.96 | 7.33 | 18.10 | |||
| KSKGF | 4.55 | 1.23 | 0.20 | 2.59 | 4.78 | 15.07 | 36.65 | |||
| PROBF | 1.41 | 0.52 | 0.20 | (0.59) | 1.02 | 1.54 | 40.87 | |||
| ORZCF | 2.98 | 1.02 | 0.29 | 0.75 | 2.62 | 8.33 | 19.79 | |||
| CREQF | 9.06 | 0.84 | 0.02 | (0.22) | 11.36 | 33.33 | 131.82 | |||
| OMGGF | 2.68 | 0.81 | 0.22 | 0.87 | 3.00 | 5.69 | 22.23 | |||
| PDIYF | 3.74 | 1.01 | 0.11 | (6.04) | 3.56 | 7.14 | 68.11 | |||
| SLGGF | 3.92 | 0.90 | 0.15 | 2.99 | 3.66 | 9.68 | 35.56 |
Be your own money manager
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Robex Resources Corporate Executives
Elected by the shareholders, the Robex Resources' board of directors comprises two types of representatives: Robex Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Robex. The board's role is to monitor Robex Resources' management team and ensure that shareholders' interests are well served. Robex Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Robex Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Augustin Rousselet | CFO, Chief Operation Officer and VP of Fin. | Profile |