SSR Mining Correlations

SSRM Stock

USD 8.16 0.34 4.35%

The current 90-days correlation between SSR Mining and Centerra Gold is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SSR Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SSR Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SSR Mining Correlation With Market

Good diversification

The correlation between SSR Mining and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SSR Mining and DJI in the same portfolio, assuming nothing else is changed.

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 metropolitan statistical area.

To learn how to invest in SSR Stock, please use our How to Invest in SSR Mining guide.

Moving together with SSR Stock

0.64

ZKIN

ZK International

Pair Corr

Moving against SSR Stock

0.8	TX	Ternium SA ADR	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.74	SID	Companhia Siderurgica	Pair Corr
0.72	WS	Worthington Steel	Pair Corr
0.66	PKX	POSCO Holdings	Pair Corr
0.63	RS	Reliance Steel Aluminum	Pair Corr
0.63	GGB	Gerdau SA ADR	Pair Corr
0.62	DOW	Dow Inc Downward Rally	Pair Corr
0.61	X	United States Steel Sell-off Trend	Pair Corr
0.57	BAK	Braskem SA Class	Pair Corr
0.56	VHI	Valhi Inc	Pair Corr
0.56	ZEUS	Olympic Steel	Pair Corr
0.55	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.42	MT	ArcelorMittal SA ADR Earnings Call This Week	Pair Corr
0.33	EGO	Eldorado Gold Corp	Pair Corr
0.84	ASTL	Algoma Steel Group Earnings Call This Week	Pair Corr
0.71	CSTM	Constellium Nv	Pair Corr
0.71	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.69	AUST	Austin Gold Corp	Pair Corr
0.65	KALU	Kaiser Aluminum	Pair Corr
0.64	EU	enCore Energy Corp	Pair Corr
0.49	AG	First Majestic Silver Buyout Trend	Pair Corr
0.45	CENX	Century Aluminum	Pair Corr
0.33	CC	Chemours	Pair Corr
0.31	CE	Celanese	Pair Corr
0.84	DNMR	Danimer Scientific	Pair Corr
0.81	IE	Ivanhoe Electric	Pair Corr
0.72	HYMCL	Hycroft Mining Holding	Pair Corr
0.67	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.6	SA	Seabridge Gold	Pair Corr
0.56	VOXR	Vox Royalty Corp	Pair Corr

Related Correlations Analysis

	CGAU	GFI	EGO	OR	RGLD	SAND	DRD	AU	HMY	KGC
CGAU		0.84	0.85	0.85	0.69	0.8	0.93	0.78	0.84	0.55	CGAU
GFI	0.84		0.59	0.72	0.54	0.83	0.87	0.96	0.98	0.83	GFI
EGO	0.85	0.59		0.89	0.82	0.72	0.78	0.54	0.59	0.39	EGO
OR	0.85	0.72	0.89		0.88	0.85	0.88	0.66	0.73	0.46	OR
RGLD	0.69	0.54	0.82	0.88		0.62	0.7	0.53	0.59	0.38	RGLD
SAND	0.8	0.83	0.72	0.85	0.62		0.86	0.77	0.8	0.64	SAND
DRD	0.93	0.87	0.78	0.88	0.7	0.86		0.81	0.9	0.56	DRD
AU	0.78	0.96	0.54	0.66	0.53	0.77	0.81		0.95	0.89	AU
HMY	0.84	0.98	0.59	0.73	0.59	0.8	0.9	0.95		0.78	HMY
KGC	0.55	0.83	0.39	0.46	0.38	0.64	0.56	0.89	0.78		KGC
	CGAU	GFI	EGO	OR	RGLD	SAND	DRD	AU	HMY	KGC

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CGAU	1.79	(0.30)	0.00	(0.81)	0.00	0.00	3.51	(3.90)	9.95
GFI	1.83	(0.13)	0.00	(0.24)	0.00	0.00	3.60	(3.35)	10.94
EGO	1.89	(0.26)	0.00	(20.08)	0.00	0.00	4.42	(4.83)	11.74
OR	1.30	(0.19)	0.00	(2.30)	0.00	0.00	2.98	(3.57)	7.43
RGLD	1.25	(0.18)	0.00	(0.34)	0.00	0.00	2.04	(2.75)	10.29
SAND	1.48	(0.17)	0.00	(0.43)	0.00	0.00	2.60	(3.65)	11.32
DRD	2.35	(0.27)	0.00	(1.57)	0.00	0.00	4.70	(5.42)	15.18
AU	2.03	(0.10)	0.00	(0.13)	0.00	0.00	4.26	(3.21)	14.25
HMY	2.28	(0.08)	0.00	(0.11)	0.00	0.00	5.01	(4.47)	12.24
KGC	2.15	0.05	0.01	0.19	2.81	(2.32)	5.37	(4.03)	18.27

SSR Mining Corporate Management

Susan Gehoski	Vice Resources	Profile
Alex Hunchak	Director Relations	Profile
BSc BSc	Ex COO	Profile
Joanne Thomopoulos	Executive Resources	Profile
Accountancy BBus	CEO Pres	Profile
Finance BCom	Executive Officer	Profile

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