Soma Gold Correlations

SMAGF Stock

USD 0.42 0.01 2.33%

The current 90-days correlation between Soma Gold Corp and Harmony Gold Mining is 0.14 (i.e., Average diversification). The correlation of Soma 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.

Soma Gold Correlation With Market

Good diversification

The correlation between Soma Gold Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soma Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Soma 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 Soma 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 Soma 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 Soma Gold Corp to buy it.

Moving together with Soma OTC Stock

0.67	GFI	Gold Fields	Pair Corr
0.64	KB	KB Financial Group	Pair Corr
0.71	MET	MetLife Sell-off Trend	Pair Corr
0.84	JXN-PA	Jackson Financial	Pair Corr
0.86	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.62	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.66	WMT	Walmart Aggressive Push	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.64	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.67	HPQ	HP Inc	Pair Corr

Moving against Soma OTC Stock

0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.65	BKRKF	PT Bank Rakyat	Pair Corr
0.64	BKRKY	Bank Rakyat	Pair Corr
0.59	NCMGY	Newcrest Mining	Pair Corr
0.58	NCMGF	Newcrest Mining	Pair Corr
0.56	PPERY	Bank Mandiri Persero	Pair Corr
0.51	SHG	Shinhan Financial	Pair Corr
0.33	NEM	Newmont Goldcorp Corp Sell-off Trend	Pair Corr
0.73	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.59	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.42	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.31	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	HMY	ID	RRTLX	AMPL	IO	SEIC	EMBC	KOD	GVPIX	VTARX
HMY		-0.06	0.24	0.08	-0.3	-0.06	-0.34	-0.17	-0.19	0.09	HMY
ID	-0.06		0.57	0.31	0.9	0.81	0.35	0.87	-0.59	0.81	ID
RRTLX	0.24	0.57		0.41	0.58	0.42	0.06	0.37	-0.27	0.85	RRTLX
AMPL	0.08	0.31	0.41		0.32	0.32	-0.11	0.24	-0.26	0.46	AMPL
IO	-0.3	0.9	0.58	0.32		0.69	0.43	0.79	-0.39	0.77	IO
SEIC	-0.06	0.81	0.42	0.32	0.69		0.17	0.96	-0.86	0.77	SEIC
EMBC	-0.34	0.35	0.06	-0.11	0.43	0.17		0.3	0.18	0.08	EMBC
KOD	-0.17	0.87	0.37	0.24	0.79	0.96	0.3		-0.77	0.74	KOD
GVPIX	-0.19	-0.59	-0.27	-0.26	-0.39	-0.86	0.18	-0.77		-0.62	GVPIX
VTARX	0.09	0.81	0.85	0.46	0.77	0.77	0.08	0.74	-0.62		VTARX
	HMY	ID	RRTLX	AMPL	IO	SEIC	EMBC	KOD	GVPIX	VTARX

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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

KOD	+ 0.96	SEIC
IO	+ 0.9	ID
KOD	+ 0.87	ID
VTARX	+ 0.85	RRTLX
SEIC	+ 0.81	ID
VTARX	+ 0.81	ID

High negative correlations

GVPIX	- 0.86	SEIC
GVPIX	- 0.77	KOD
VTARX	- 0.62	GVPIX
GVPIX	- 0.59	ID
GVPIX	- 0.39	IO
EMBC	- 0.34	HMY

Risk-Adjusted Indicators

There is a big difference between Soma OTC Stock performing well and Soma Gold 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 Soma 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
HMY	2.71	(0.13)	0.00	(0.42)	0.00	0.00	7.63	(5.89)	17.74
ID	3.84	0.90	0.16	1.45	3.99	(5.08)	7.89	(6.67)	20.54
RRTLX	0.23	(0.02)	(0.30)	0.07	0.23	(0.25)	0.48	(0.56)	1.36
AMPL	4.39	0.56	0.08	19.63	5.25	(5.10)	10.34	(8.00)	31.98
IO	5.45	1.36	0.22	1.15	5.24	(6.57)	13.49	(7.35)	30.64
SEIC	0.80	0.20	0.18	0.37	0.55	(0.94)	1.57	(1.56)	7.23
EMBC	2.72	0.32	0.13	0.31	2.90	(2.93)	6.55	(6.00)	19.66
KOD	3.14	1.20	0.44	0.67	2.26	(4.21)	9.70	(4.87)	18.79
GVPIX	0.81	(0.05)	0.00	0.30	0.00	0.00	1.61	(1.89)	5.20
VTARX	0.36	0.01	(0.11)	0.15	0.41	(0.40)	0.84	(0.84)	2.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Soma 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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Soma Gold Corporate Management

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

Javier Unda	CEO Pres	Profile
Christopher Buchanan	VP Exploration	Profile
Christopher Hampson	Ex Sec	Profile
Paulo Andrade	VP Mang	Profile

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