Sherritt International Correlations
| SHERF Stock | USD 0.13 0.01 7.14% |
The current 90-days correlation between Sherritt International and Wallbridge Mining is -0.11 (i.e., Good diversification). The correlation of Sherritt International 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.
Sherritt International Correlation With Market
Significant diversification
The correlation between Sherritt International and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sherritt International and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sherritt International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sherritt International 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 Sherritt International - 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 Sherritt International to buy it.
Moving against Sherritt Pink Sheet
| 0.55 | ASTSW | AST SpaceMobile | PairCorr |
| 0.43 | SSNLF | Samsung Electronics | PairCorr |
| 0.38 | PCTTW | PureCycle Technologies | PairCorr |
| 0.37 | ATCOL | Atlas Corp | PairCorr |
| 0.31 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
| 0.53 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.52 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.5 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.44 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.42 | WMT | Walmart Aggressive Push | PairCorr |
| 0.41 | HPQ | HP Inc | PairCorr |
| 0.4 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.37 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.37 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sherritt Pink Sheet performing well and Sherritt International 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 Sherritt International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASDRF | 6.91 | 1.14 | 0.03 | (1.82) | 9.12 | 33.33 | 83.33 | |||
| CTXDF | 2.04 | (0.67) | 0.00 | (0.17) | 0.00 | 3.18 | 44.15 | |||
| AXREF | 4.08 | 0.73 | 0.06 | (2.00) | 4.35 | 10.00 | 32.47 | |||
| SAGGF | 6.12 | (0.46) | 0.00 | (0.55) | 0.00 | 13.25 | 56.45 | |||
| AAGFF | 4.91 | 0.37 | 0.08 | 0.32 | 4.88 | 10.26 | 26.99 | |||
| WLBMF | 4.16 | (0.21) | 0.00 | 0.66 | 0.00 | 20.00 | 40.00 | |||
| CBRSF | 5.03 | 2.54 | 0.00 | (0.52) | 0.00 | 0.00 | 183.33 | |||
| AUMTF | 0.60 | 0.03 | 0.00 | 0.54 | 0.00 | 0.00 | 36.67 | |||
| BRYGF | 1.66 | 0.15 | 0.00 | 0.02 | 0.00 | 0.00 | 42.00 | |||
| EDDYF | 5.19 | 0.32 | 0.00 | (0.18) | 8.19 | 31.94 | 87.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sherritt International 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.Did you try this?
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Sherritt International Corporate Management
| Elvin Saruk | Sr. VP of Oil Gas and Power | Profile | |
| Edward Sellers | Sr. VP, General Counsel and Corporate Secretary | Profile | |
| Dan Rusnell | VP Metals | Profile | |
| Yasmin Gabriel | Chief Officer | Profile | |
| John Marsh | Director Projects | Profile | |
| Chad Ross | Chief Officer | Profile | |
| Robert Ellenwood | Director Marketing | Profile |