Sirios Resources Correlations

SIREF Stock

USD 0.17 0.01 5.56%

The current 90-days correlation between Sirios Resources and Rackla Metals is -0.21 (i.e., Very good diversification). The correlation of Sirios 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.

Sirios Resources Correlation With Market

Modest diversification

The correlation between Sirios Resources and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sirios Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sirios OTC Stock

0.75	NEM	Newmont Goldcorp Corp	Pair Corr
0.8	WPM	Wheaton Precious Metals	Pair Corr
0.67	ZIJMY	Zijin Mining Group	Pair Corr
0.61	GFI	Gold Fields	Pair Corr
0.67	KGC	Kinross Gold	Pair Corr
0.61	PPERF	Bank Mandiri Persero	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.61	BAC	Bank of America	Pair Corr
0.71	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr

Moving against Sirios OTC Stock

0.51	BKRKF	PT Bank Rakyat	Pair Corr
0.36	PBCRF	PT Bank Central	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.45	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	KGLDF	GDXRF	RMETF	NGLD	BARUF	BAUFF	RYES	VAUCF	YRBAF	WGLIF
KGLDF		-0.19	0.32	0.78	0.67	0.39	0.45	-0.51	-0.41	0.05	KGLDF
GDXRF	-0.19		-0.64	-0.51	-0.42	-0.02	-0.19	0.34	-0.12	-0.31	GDXRF
RMETF	0.32	-0.64		0.61	0.44	-0.02	-0.09	-0.38	0.09	0.48	RMETF
NGLD	0.78	-0.51	0.61		0.84	0.42	0.38	-0.62	-0.2	0.16	NGLD
BARUF	0.67	-0.42	0.44	0.84		0.51	0.42	-0.57	-0.02	-0.02	BARUF
BAUFF	0.39	-0.02	-0.02	0.42	0.51		0.33	-0.32	-0.13	-0.32	BAUFF
RYES	0.45	-0.19	-0.09	0.38	0.42	0.33		-0.28	-0.31	-0.22	RYES
VAUCF	-0.51	0.34	-0.38	-0.62	-0.57	-0.32	-0.28		0.06	-0.01	VAUCF
YRBAF	-0.41	-0.12	0.09	-0.2	-0.02	-0.13	-0.31	0.06		0.03	YRBAF
WGLIF	0.05	-0.31	0.48	0.16	-0.02	-0.32	-0.22	-0.01	0.03		WGLIF
	KGLDF	GDXRF	RMETF	NGLD	BARUF	BAUFF	RYES	VAUCF	YRBAF	WGLIF

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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

BARUF	+ 0.84	NGLD
NGLD	+ 0.78	KGLDF
BARUF	+ 0.67	KGLDF
NGLD	+ 0.61	RMETF
BAUFF	+ 0.51	BARUF
WGLIF	+ 0.48	RMETF

High negative correlations

RMETF	- 0.64	GDXRF
VAUCF	- 0.62	NGLD
VAUCF	- 0.57	BARUF
NGLD	- 0.51	GDXRF
VAUCF	- 0.51	KGLDF
BARUF	- 0.42	GDXRF

Risk-Adjusted Indicators

There is a big difference between Sirios OTC Stock performing well and Sirios Resources OTC Stock 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 Sirios 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
KGLDF	2.68	(0.38)	0.00	(0.82)	0.00	0.00	7.32	(9.52)	20.87
GDXRF	45.59	21.88	0.00	(2.83)	0.00	0.00	1.00	0.00	990.00
RMETF	8.12	(0.26)	0.00	(2.16)	0.00	0.00	18.18	(15.38)	63.50
NGLD	4.06	(0.29)	0.00	(0.86)	0.00	0.00	8.64	(10.13)	24.43
BARUF	4.68	(0.01)	0.00	0.06	5.26	(6.79)	12.45	(9.14)	39.71
BAUFF	4.66	(0.07)	0.00	(0.05)	0.00	0.00	14.29	(13.33)	59.82
RYES	5.83	0.59	0.08	0.38	5.48	(10.77)	15.79	(9.52)	35.71
VAUCF	4.15	0.55	0.05	(3.15)	4.30	(9.68)	9.09	(8.33)	32.47
YRBAF	0.51	0.17	0.00	(3.41)	0.00	0.00	0.00	0.00	14.57
WGLIF	4.53	0.24	0.02	(0.77)	5.48	(6.17)	10.44	(10.45)	32.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sirios 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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Sirios Resources Corporate Management

Elected by the shareholders, the Sirios Resources' board of directors comprises two types of representatives: Sirios Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sirios. The board's role is to monitor Sirios Resources' management team and ensure that shareholders' interests are well served. Sirios Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sirios Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.

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