Seabridge Gold Correlations
| SRM Stock | EUR 11.40 0.27 2.43% |
The current 90-days correlation between Seabridge Gold and Xenia Hotels Resorts is 0.04 (i.e., Significant diversification). The correlation of Seabridge 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.
Seabridge Gold Correlation With Market
Significant diversification
The correlation between Seabridge Gold and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seabridge Gold and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Seabridge 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 Seabridge 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 Seabridge 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 Seabridge Gold to buy it.
Moving together with Seabridge Stock
| 0.61 | FJZB | ZIJIN MINH UNSPADR20 | PairCorr |
| 0.77 | NMM | Newmont | PairCorr |
| 0.73 | SII | Wheaton Precious Metals | PairCorr |
| 0.64 | YHA | Yamaha Earnings Call This Week | PairCorr |
| 0.66 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Seabridge Stock
| 0.89 | SON1 | Sony Group Corp | PairCorr |
| 0.87 | TM2 | Sydbank AS | PairCorr |
| 0.87 | BFP | BBVA Banco Frances | PairCorr |
| 0.86 | HBC2 | HSBC Holdings plc | PairCorr |
| 0.75 | 92I | ROMERIKE SPAREBANK | PairCorr |
| 0.74 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.68 | ASME | ASML Holding NV | PairCorr |
| 0.63 | MIZ | Mizuno | PairCorr |
| 0.63 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.6 | E908 | Lyxor 1 | PairCorr |
| 0.56 | HCMA | HITACHI STRMACHADR2 | PairCorr |
| 0.39 | PNP | PNC Financial | PairCorr |
| 0.37 | 893 | MITSUBISHI KAKOKI | PairCorr |
Related Correlations Analysis
| 0.27 | 0.75 | 0.14 | 0.54 | 0.69 | 0.41 | 2WY | ||
| 0.27 | 0.01 | -0.33 | 0.05 | 0.6 | 0.1 | EUH | ||
| 0.75 | 0.01 | 0.59 | 0.4 | 0.22 | 0.0 | 0XHR | ||
| 0.14 | -0.33 | 0.59 | 0.02 | -0.5 | -0.36 | 42V | ||
| 0.54 | 0.05 | 0.4 | 0.02 | 0.3 | 0.62 | 32P | ||
| 0.69 | 0.6 | 0.22 | -0.5 | 0.3 | 0.55 | G1MN | ||
| 0.41 | 0.1 | 0.0 | -0.36 | 0.62 | 0.55 | 9FM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Seabridge Stock performing well and Seabridge 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 Seabridge 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2WY | 1.29 | 0.44 | 0.22 | (1.70) | 0.94 | 3.67 | 14.26 | |||
| EUH | 0.99 | 0.46 | 0.00 | 1.22 | 0.00 | 0.00 | 33.33 | |||
| 0XHR | 1.59 | 0.16 | 0.03 | (2.92) | 1.64 | 4.19 | 10.58 | |||
| 42V | 3.12 | 0.05 | (0.01) | 0.41 | 3.13 | 5.69 | 32.18 | |||
| 32P | 1.31 | 0.15 | 0.03 | (15.26) | 1.71 | 2.17 | 14.00 | |||
| G1MN | 1.08 | 0.48 | 0.19 | (3.13) | 0.00 | 4.35 | 7.08 | |||
| 9FM | 0.82 | 0.10 | 0.00 | (0.51) | 0.95 | 2.19 | 10.10 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Seabridge 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.Did you try this?
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Seabridge Gold Corporate Management
Elected by the shareholders, the Seabridge Gold's board of directors comprises two types of representatives: Seabridge Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Seabridge. The board's role is to monitor Seabridge Gold's management team and ensure that shareholders' interests are well served. Seabridge 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, Seabridge Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BA CPA | VP CFO | Profile | |
| Melanie Miller | Chief VP | Profile | |
| Ryan PE | VP COO | Profile | |
| Julie Rachynski | VP HR | Profile | |
| Gloria Trujillo | Assistant Sec | Profile | |
| Charles BA | Gen VP | Profile | |
| Robert MSc | VP Affairs | Profile |