RTG Mining Correlations

RTTGF Stock

USD 0.03 0 10.17%

The current 90-days correlation between RTG Mining and Cordoba Minerals Corp is 0.06 (i.e., Significant diversification). The correlation of RTG Mining 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.

RTG Mining Correlation With Market

Excellent diversification

The correlation between RTG Mining and DJI is -0.61 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RTG Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against RTG Pink Sheet

0.61	RTNTF	Rio Tinto Group	Pair Corr
0.54	RTPPF	Rio Tinto Group	Pair Corr
0.52	RIO	Rio Tinto ADR	Pair Corr
0.45	BHP	BHP Group Limited	Pair Corr
0.43	VALE	Vale SA ADR Downward Rally	Pair Corr
0.42	BHPLF	BHP Group Limited	Pair Corr
0.42	GLCNF	Glencore PLC	Pair Corr
0.42	GLNCY	Glencore PLC ADR	Pair Corr
0.66	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.6	GE	GE Aerospace	Pair Corr
0.6	MRK	Merck Company Earnings Call This Week	Pair Corr
0.52	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.48	DD	Dupont De Nemours	Pair Corr
0.47	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.43	BA	Boeing Sell-off Trend	Pair Corr

Related Correlations Analysis

	CDBMF	ARYMF	NILIF	LLKKF	AZMTF	AOTVF	LEMIF	GDTRF	BLLYF	NYRSY
CDBMF		-0.63	-0.67	-0.66	-0.38	-0.49	-0.06	-0.58	-0.18	0.0	CDBMF
ARYMF	-0.63		0.88	0.86	0.69	0.88	0.32	0.74	0.42	0.0	ARYMF
NILIF	-0.67	0.88		0.92	0.66	0.81	0.3	0.75	0.26	0.0	NILIF
LLKKF	-0.66	0.86	0.92		0.58	0.77	0.2	0.74	0.19	0.0	LLKKF
AZMTF	-0.38	0.69	0.66	0.58		0.86	0.69	0.8	0.64	0.0	AZMTF
AOTVF	-0.49	0.88	0.81	0.77	0.86		0.54	0.76	0.55	0.0	AOTVF
LEMIF	-0.06	0.32	0.3	0.2	0.69	0.54		0.39	0.64	0.0	LEMIF
GDTRF	-0.58	0.74	0.75	0.74	0.8	0.76	0.39		0.45	0.0	GDTRF
BLLYF	-0.18	0.42	0.26	0.19	0.64	0.55	0.64	0.45		0.0	BLLYF
NYRSY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NYRSY
	CDBMF	ARYMF	NILIF	LLKKF	AZMTF	AOTVF	LEMIF	GDTRF	BLLYF	NYRSY

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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

LLKKF	+ 0.92	NILIF
NILIF	+ 0.88	ARYMF
AOTVF	+ 0.88	ARYMF
LLKKF	+ 0.86	ARYMF
AOTVF	+ 0.86	AZMTF
AOTVF	+ 0.81	NILIF

High negative correlations

NILIF	- 0.67	CDBMF
LLKKF	- 0.66	CDBMF
ARYMF	- 0.63	CDBMF
GDTRF	- 0.58	CDBMF
AOTVF	- 0.49	CDBMF
AZMTF	- 0.38	CDBMF

Risk-Adjusted Indicators

There is a big difference between RTG Pink Sheet performing well and RTG Mining 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 RTG Mining'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
CDBMF	2.39	0.12	0.01	(0.25)	2.66	(7.29)	7.14	(5.17)	16.23
ARYMF	11.39	2.59	0.15	1.09	10.38	(21.31)	33.33	(19.66)	108.38
NILIF	4.44	0.71	0.16	0.41	4.01	(6.24)	10.00	(8.82)	26.19
LLKKF	7.14	2.03	0.23	2.87	7.32	(8.28)	17.92	(12.78)	43.43
AZMTF	3.80	0.41	0.08	0.43	3.99	(5.12)	10.00	(7.59)	24.73
AOTVF	125.77	59.79	6.18	0.68	9.33	(167.03)	29.81	(20.65)	4,240
LEMIF	5.35	0.30	0.04	0.20	5.89	(8.83)	11.76	(11.11)	35.53
GDTRF	4.37	0.68	0.12	(2.31)	4.20	(6.02)	11.94	(6.94)	34.76
BLLYF	10.03	1.74	0.13	(6.33)	10.80	(12.38)	28.17	(18.37)	58.48
NYRSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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