Sama Resources Correlations

SAMMF Stock

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The current 90-days correlation between Sama Resources and South Star Battery is -0.16 (i.e., Good diversification). The correlation of Sama 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.

Sama Resources Correlation With Market

Very weak diversification

The correlation between Sama Resources and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sama Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sama 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 Sama 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 Sama 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 Sama Resources to buy it.

Moving together with Sama Pink Sheet

0.62	BHPLF	BHP Group Limited	Pair Corr
0.65	RIO	Rio Tinto ADR	Pair Corr
0.63	RTPPF	Rio Tinto Group	Pair Corr
0.73	GLCNF	Glencore PLC	Pair Corr
0.73	GLNCY	Glencore PLC ADR	Pair Corr
0.71	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.68	MOG-A	Moog Inc	Pair Corr
0.83	CGON	CG Oncology Common	Pair Corr
0.73	CAPL	Crossamerica Partners	Pair Corr
0.74	GRBK	Green Brick Partners Downward Rally	Pair Corr
0.71	AWCA	Awaysis Capital	Pair Corr
0.63	DFKCY	Daifuku Co	Pair Corr
0.77	ALL-PB	Allstate	Pair Corr
0.75	ESCA	Escalade Incorporated	Pair Corr
0.71	GEL	Genesis Energy LP	Pair Corr
0.73	CMI	Cummins	Pair Corr
0.87	MBINN	Merchants Bancorp	Pair Corr
0.67	DAR	Darling Ingredients	Pair Corr
0.76	UAMY	United States Antimony Aggressive Push	Pair Corr
0.72	CMTV	Community Bancorp Common	Pair Corr

Moving against Sama Pink Sheet

0.31

TTCM

Tautachrome

Pair Corr

Related Correlations Analysis

	GTMLF	NRVTF	MGPRF	NLPXF	STSBF	SILEF	PAANF	TORVF	MCREF	USCMF
GTMLF		0.08	-0.11	0.66	0.18	0.42	0.81	-0.07	0.29	0.59	GTMLF
NRVTF	0.08		0.3	0.51	0.11	-0.36	0.38	-0.84	0.56	0.3	NRVTF
MGPRF	-0.11	0.3		-0.12	0.23	-0.5	-0.02	-0.16	-0.09	0.14	MGPRF
NLPXF	0.66	0.51	-0.12		0.13	0.09	0.77	-0.47	0.64	0.72	NLPXF
STSBF	0.18	0.11	0.23	0.13		-0.1	-0.03	-0.02	-0.07	0.22	STSBF
SILEF	0.42	-0.36	-0.5	0.09	-0.1		0.37	0.31	0.01	-0.08	SILEF
PAANF	0.81	0.38	-0.02	0.77	-0.03	0.37		-0.38	0.55	0.55	PAANF
TORVF	-0.07	-0.84	-0.16	-0.47	-0.02	0.31	-0.38		-0.6	-0.15	TORVF
MCREF	0.29	0.56	-0.09	0.64	-0.07	0.01	0.55	-0.6		0.36	MCREF
USCMF	0.59	0.3	0.14	0.72	0.22	-0.08	0.55	-0.15	0.36		USCMF
	GTMLF	NRVTF	MGPRF	NLPXF	STSBF	SILEF	PAANF	TORVF	MCREF	USCMF

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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

PAANF	+ 0.81	GTMLF
PAANF	+ 0.77	NLPXF
USCMF	+ 0.72	NLPXF
NLPXF	+ 0.66	GTMLF
MCREF	+ 0.64	NLPXF
USCMF	+ 0.59	GTMLF

High negative correlations

TORVF	- 0.84	NRVTF
MCREF	- 0.6	TORVF
SILEF	- 0.5	MGPRF
TORVF	- 0.47	NLPXF
TORVF	- 0.38	PAANF
SILEF	- 0.36	NRVTF

Risk-Adjusted Indicators

There is a big difference between Sama Pink Sheet performing well and Sama 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 Sama 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
GTMLF	5.42	1.08	0.06	(0.31)	5.53	(26.41)	20.00	(12.89)	67.43
NRVTF	4.18	0.63	0.10	4.06	4.35	(6.17)	10.00	(8.97)	29.43
MGPRF	151.83	81.39	1.36	(0.97)	15.85	(872.81)	11.22	(24.73)	4,770
NLPXF	7.29	1.95	0.17	(2.51)	8.34	(8.89)	16.67	(9.71)	62.01
STSBF	5.10	0.61	0.07	1.02	5.12	(10.57)	17.02	(9.82)	37.63
SILEF	4.08	0.04	0.01	0.12	4.80	(5.75)	8.70	(9.09)	23.61
PAANF	6.64	0.34	0.03	0.38	9.81	(7.09)	13.43	(18.31)	54.65
TORVF	9.67	0.31	0.02	0.60	10.47	(13.66)	25.68	(16.67)	77.28
MCREF	9.99	2.21	0.07	(1.78)	10.24	(35.05)	50.00	(33.33)	83.33
USCMF	5.26	0.11	0.02	0.15	5.64	(7.77)	12.00	(9.37)	32.38

Be your own money manager

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