StrikePoint Gold Correlations

STKXF Stock

USD 0.14 0.01 6.67%

The current 90-days correlation between StrikePoint Gold and VR Resources is 0.22 (i.e., Modest diversification). The correlation of StrikePoint 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.

StrikePoint Gold Correlation With Market

Poor diversification

The correlation between StrikePoint Gold and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding StrikePoint Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to StrikePoint 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 StrikePoint 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 StrikePoint 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 StrikePoint Gold to buy it.

Moving together with StrikePoint OTC Stock

0.62	BHPLF	BHP Group Limited Earnings Call This Week	Pair Corr
0.7	RIO	Rio Tinto ADR Earnings Call This Week	Pair Corr
0.7	BHP	BHP Group Limited Earnings Call This Week	Pair Corr
0.69	RTPPF	Rio Tinto Group Earnings Call This Week	Pair Corr
0.8	GLCNF	Glencore PLC Earnings Call This Week	Pair Corr
0.79	GLNCY	Glencore PLC ADR Earnings Call This Week	Pair Corr
0.76	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.7	UMAC	Unusual Machines	Pair Corr
0.72	SLSR	Solaris Resources	Pair Corr
0.77	MTGRF	Mount Gibson Iron Earnings Call This Week	Pair Corr
0.77	INTC	Intel	Pair Corr
0.77	NTZ	Natuzzi SpA	Pair Corr
0.67	LAND	Gladstone Land	Pair Corr
0.67	JOE	St Joe Company	Pair Corr
0.79	NNBR	NN Inc	Pair Corr
0.74	BLAGF	Blue Lagoon Resources	Pair Corr

Moving against StrikePoint OTC Stock

0.69	PBCRY	Bank Central Asia	Pair Corr
0.38	PBCRF	PT Bank Central	Pair Corr
0.5	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	KOGMF	TRCTF	GCRIF	VRRCF	JXMNF	WDGNF	NSHRF	MEEEF	NBTRF
KOGMF		-0.39	0.42	-0.44	0.0	-0.66	-0.53	-0.81	-0.46	KOGMF
TRCTF	-0.39		-0.22	0.72	0.0	0.05	0.08	0.62	0.58	TRCTF
GCRIF	0.42	-0.22		-0.16	0.0	-0.53	-0.06	-0.45	-0.21	GCRIF
VRRCF	-0.44	0.72	-0.16		0.0	0.12	0.15	0.67	0.49	VRRCF
JXMNF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	JXMNF
WDGNF	-0.66	0.05	-0.53	0.12	0.0		0.46	0.59	0.18	WDGNF
NSHRF	-0.53	0.08	-0.06	0.15	0.0	0.46		0.36	0.15	NSHRF
MEEEF	-0.81	0.62	-0.45	0.67	0.0	0.59	0.36		0.5	MEEEF
NBTRF	-0.46	0.58	-0.21	0.49	0.0	0.18	0.15	0.5		NBTRF
	KOGMF	TRCTF	GCRIF	VRRCF	JXMNF	WDGNF	NSHRF	MEEEF	NBTRF

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

VRRCF	+ 0.72	TRCTF
MEEEF	+ 0.67	VRRCF
MEEEF	+ 0.62	TRCTF
MEEEF	+ 0.59	WDGNF
NBTRF	+ 0.58	TRCTF
NBTRF	+ 0.5	MEEEF

High negative correlations

MEEEF	- 0.81	KOGMF
WDGNF	- 0.66	KOGMF
WDGNF	- 0.53	GCRIF
NSHRF	- 0.53	KOGMF
NBTRF	- 0.46	KOGMF
MEEEF	- 0.45	GCRIF

Risk-Adjusted Indicators

There is a big difference between StrikePoint OTC Stock performing well and StrikePoint 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 StrikePoint 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
KOGMF	0.16	(0.09)	0.00	(4.63)	0.00	0.00	0.00	0.00	5.48
TRCTF	5.09	0.82	0.07	8.24	5.90	(8.48)	15.79	(13.04)	39.23
GCRIF	2.98	(1.72)	0.00	(0.52)	0.00	0.00	0.00	0.00	84.34
VRRCF	125.45	58.49	1.16	0.97	27.53	(182.14)	766.67	(90.29)	1,208
JXMNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WDGNF	25.45	11.64	0.00	0.83	0.00	0.00	0.00	0.00	880.95
NSHRF	12.59	3.21	0.08	(9.09)	13.12	(37.63)	56.25	(33.44)	220.00
MEEEF	4.38	1.27	0.15	11.12	4.42	(7.58)	13.89	(10.00)	36.35
NBTRF	25.14	11.68	0.00	(3.73)	0.00	0.00	54.08	0.00	638.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in StrikePoint 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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