Seahawk Gold Correlations

SEHKF Stock

USD 0.25 0.00 0.00%

The current 90-days correlation between Seahawk Gold Corp and Erin Ventures is -0.01 (i.e., Good diversification). The correlation of Seahawk Gold 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.

Seahawk Gold Correlation With Market

Significant diversification

The correlation between Seahawk Gold Corp and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seahawk Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seahawk Pink Sheet

0.62	RIO	Rio Tinto ADR	Pair Corr
0.78	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.78	AAPL	Apple Inc	Pair Corr
0.85	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.81	BMYMP	Bristol Myers Squibb	Pair Corr
0.65	EGP	EastGroup Properties	Pair Corr
0.87	PHAR	Pharming Group NV	Pair Corr
0.93	RLMD	Relmada Therapeutics	Pair Corr
0.62	DDS	Dillards,	Pair Corr
0.9	DNLMY	Dunelm Group PLC	Pair Corr
0.8	CHACR	Crane Harbor Acquisition	Pair Corr
0.88	REGN	Regeneron Pharmaceuticals	Pair Corr
0.96	AKAM	Akamai Technologies	Pair Corr

Moving against Seahawk Pink Sheet

0.81	MSFT	Microsoft Sell-off Trend	Pair Corr
0.78	META	Meta Platforms	Pair Corr
0.43	26442TAG2	US26442TAG22	Pair Corr
0.52	SWRM	Appswarm	Pair Corr
0.38	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	ERVFF	PAANF	RBMTF	LILIF	SILEF	HGGCF	CBULF	EUMNF	GTCDF	OZBKF
ERVFF		-0.41	0.0	0.51	0.4	0.16	0.0	0.21	0.0	-0.36	ERVFF
PAANF	-0.41		0.0	-0.49	-0.35	-0.28	0.26	-0.06	0.0	0.71	PAANF
RBMTF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	1.0	0.0	RBMTF
LILIF	0.51	-0.49	0.0		0.72	-0.03	-0.28	0.13	0.0	-0.36	LILIF
SILEF	0.4	-0.35	0.0	0.72		-0.29	-0.42	0.27	0.0	-0.44	SILEF
HGGCF	0.16	-0.28	0.0	-0.03	-0.29		0.4	0.24	0.0	0.15	HGGCF
CBULF	0.0	0.26	0.0	-0.28	-0.42	0.4		0.12	0.0	0.4	CBULF
EUMNF	0.21	-0.06	0.0	0.13	0.27	0.24	0.12		0.0	0.25	EUMNF
GTCDF	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0		0.0	GTCDF
OZBKF	-0.36	0.71	0.0	-0.36	-0.44	0.15	0.4	0.25	0.0		OZBKF
	ERVFF	PAANF	RBMTF	LILIF	SILEF	HGGCF	CBULF	EUMNF	GTCDF	OZBKF

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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

GTCDF	+ 1.0	RBMTF
SILEF	+ 0.72	LILIF
OZBKF	+ 0.71	PAANF
LILIF	+ 0.51	ERVFF
SILEF	+ 0.4	ERVFF
CBULF	+ 0.4	HGGCF

High negative correlations

LILIF	- 0.49	PAANF
OZBKF	- 0.44	SILEF
CBULF	- 0.42	SILEF
PAANF	- 0.41	ERVFF
OZBKF	- 0.36	LILIF
OZBKF	- 0.36	ERVFF

Risk-Adjusted Indicators

There is a big difference between Seahawk Pink Sheet performing well and Seahawk Gold 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 Seahawk Gold'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
ERVFF	7.20	1.46	0.10	(1.50)	7.04	(21.21)	25.93	(20.00)	107.66
PAANF	7.44	0.46	0.04	(0.60)	7.94	(9.19)	18.75	(14.63)	43.91
RBMTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LILIF	5.03	0.90	0.11	(0.80)	5.36	(6.12)	14.29	(9.89)	41.89
SILEF	5.77	1.00	0.15	0.41	4.88	(9.50)	14.29	(9.09)	58.60
HGGCF	1.79	(0.99)	0.00	(0.89)	0.00	0.00	0.00	0.00	60.00
CBULF	20.58	3.45	0.12	0.56	19.92	(34.44)	75.21	(40.00)	172.38
EUMNF	4.60	0.15	0.01	(0.21)	5.02	(10.96)	9.09	(8.33)	42.66
GTCDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OZBKF	6.34	(0.04)	0.00	0.09	0.00	0.00	16.00	(13.79)	73.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seahawk Gold 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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