SilverCrest Metals Correlations
| SILV Stock | USD 9.90 0.41 3.98% |
The current 90-days correlation between SilverCrest Metals and Hecla Mining is 0.7 (i.e., Poor diversification). The correlation of SilverCrest Metals 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. If the correlation is 0, the equities are not correlated; they are entirely random.
SilverCrest Metals Correlation With Market
Average diversification
The correlation between SilverCrest Metals and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SilverCrest Metals and DJI in the same portfolio, assuming nothing else is changed.
SilverCrest |
Moving together with SilverCrest Stock
| 0.66 | VOXR | Vox Royalty Corp | PairCorr |
| 0.88 | ASM | Avino Silver Gold | PairCorr |
| 0.91 | EXK | Endeavour Silver Corp | PairCorr |
| 0.81 | MTA | Metalla Royalty Streaming | PairCorr |
| 0.63 | MUX | McEwen Mining | PairCorr |
| 0.86 | PLG | Platinum Group Metals | PairCorr |
| 0.94 | GATO | Gatos Silver | PairCorr |
| 0.77 | HL-PB | Hecla Mining | PairCorr |
| 0.72 | ITRG | Integra Resources Corp | PairCorr |
| 0.66 | LODE | Comstock Mining | PairCorr |
| 0.8 | PPTA | Perpetua Resources Corp Downward Rally | PairCorr |
| 0.69 | SBSW | Sibanye Gold | PairCorr |
| 0.76 | TFPM | Triple Flag Precious | PairCorr |
| 0.63 | X | United States Steel | PairCorr |
| 0.81 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.92 | AG | First Majestic Silver | PairCorr |
| 0.82 | IE | Ivanhoe Electric | PairCorr |
| 0.77 | MP | MP Materials Corp | PairCorr |
| 0.9 | OR | Osisko Gold Ro | PairCorr |
Moving against SilverCrest Stock
| 0.38 | NG | NovaGold Resources | PairCorr |
| 0.71 | NORNQ | Noranda Aluminum Holding | PairCorr |
| 0.37 | FEAM | 5E Advanced Materials | PairCorr |
Related Correlations Analysis
| 0.9 | 0.39 | 0.51 | 0.6 | 0.85 | HL | ||
| 0.9 | 0.48 | 0.68 | 0.63 | 0.71 | MUX | ||
| 0.39 | 0.48 | 0.85 | 0.96 | 0.25 | EXK | ||
| 0.51 | 0.68 | 0.85 | 0.85 | 0.25 | NEWP | ||
| 0.6 | 0.63 | 0.96 | 0.85 | 0.41 | GATO | ||
| 0.85 | 0.71 | 0.25 | 0.25 | 0.41 | BVN | ||
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Risk-Adjusted Indicators
There is a big difference between SilverCrest Stock performing well and SilverCrest Metals 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 SilverCrest Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HL | 2.43 | (0.19) | 0.00 | (0.08) | 0.00 | 5.92 | 14.22 | |||
| MUX | 2.33 | (0.23) | 0.00 | (0.21) | 0.00 | 5.60 | 15.30 | |||
| EXK | 3.24 | 0.51 | 0.13 | 1.13 | 3.08 | 7.74 | 21.38 | |||
| NEWP | 3.03 | 0.05 | 0.04 | 0.15 | 3.07 | 6.77 | 24.14 | |||
| GATO | 3.05 | 0.39 | 0.09 | 3.48 | 2.81 | 7.11 | 20.65 | |||
| BVN | 1.77 | (0.11) | 0.00 | 0.82 | 0.00 | 4.58 | 12.30 |
SilverCrest Metals Corporate Management
| Pierre Beaudoin | Chief Officer | Profile | |
| Stephany Fier | Vice Exploration | Profile | |
| PEng CPG | CEO Founder | Profile | |
| Christopher MBA | President | Profile | |
| BSc LLB | Co Sec | Profile | |
| Sean Deissner | Vice Controlle | Profile | |
| Clifford Lafleur | Vice Operations | Profile |