Strategic Resources Correlations
| SCCFF Stock | USD 0.47 0.00 0.00% |
The correlation of Strategic 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.
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The ability to find closely correlated positions to Strategic 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 Strategic 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 Strategic 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 Strategic Resources to buy it.
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Strategic Resources Corporate Management
| Peter PGeo | VP Exploration | Profile | |
| Jukka Pitkajarvi | VicePres Operations | Profile | |
| CA LLB | Chief Officer | Profile | |
| Lyle Braaten | Secretary | Profile | |
| Glenn Kasner | Chief Officer | Profile |