SSR Mining Correlations

SSR Mining Correlation With Market

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SSR Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.

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 BGL + 0.86 BHST NAMM + 0.83 USGO USGO + 0.78 VGZ USAU + 0.67 VGZ NAMM + 0.67 VGZ BGL + 0.51 LVRO

High negative correlations BHST - 0.7 VGZ USAU - 0.65 BHST CMT - 0.6 LVRO BGL - 0.6 USAU BGL - 0.46 CMT CMT - 0.46 BHST

Risk-Adjusted Indicators

There is a big difference between SSR Stock performing well and SSR Mining 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 SSR Mining'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.