Stuhini Exploration Correlations
| STXPF Stock | USD 0.18 0.04 28.57% |
The current 90-days correlation between Stuhini Exploration and Cruz Cobalt Corp is 0.16 (i.e., Average diversification). The correlation of Stuhini Exploration 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.
Stuhini Exploration Correlation With Market
Poor diversification
The correlation between Stuhini Exploration and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stuhini Exploration and DJI in the same portfolio, assuming nothing else is changed.
Stuhini |
The ability to find closely correlated positions to Stuhini Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stuhini Exploration 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 Stuhini Exploration - 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 Stuhini Exploration to buy it.
Moving together with Stuhini Pink Sheet
| 0.84 | BHPLF | BHP Group Limited Earnings Call Tomorrow | PairCorr |
| 0.84 | RIO | Rio Tinto ADR Earnings Call This Week | PairCorr |
| 0.87 | BHP | BHP Group Limited Earnings Call Tomorrow | PairCorr |
| 0.8 | RTNTF | Rio Tinto Group Earnings Call This Week | PairCorr |
| 0.83 | RTPPF | Rio Tinto Group Earnings Call This Week | PairCorr |
| 0.83 | GLCNF | Glencore PLC Earnings Call This Week | PairCorr |
| 0.83 | GLNCY | Glencore PLC ADR Earnings Call This Week | PairCorr |
| 0.88 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.87 | SLSR | Solaris Resources | PairCorr |
| 0.76 | MXCHY | Orbia Advance Corp | PairCorr |
| 0.73 | SHIP | Seanergy Maritime | PairCorr |
| 0.85 | MTGRF | Mount Gibson Iron Earnings Call Tomorrow | PairCorr |
| 0.82 | FRSB | First Resource Bank | PairCorr |
| 0.78 | INTC | Intel | PairCorr |
| 0.7 | NTZ | Natuzzi SpA | PairCorr |
| 0.76 | LAND | Gladstone Land | PairCorr |
| 0.86 | JOE | St Joe Company | PairCorr |
| 0.68 | NNBR | NN Inc | PairCorr |
| 0.73 | BLAGF | Blue Lagoon Resources | PairCorr |
Moving against Stuhini Pink Sheet
| 0.84 | PBCRY | Bank Central Asia | PairCorr |
| 0.5 | PBCRF | PT Bank Central | PairCorr |
| 0.46 | AFIIQ | Armstrong Flooring | PairCorr |
Related Correlations Analysis
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 Stuhini Pink Sheet performing well and Stuhini Exploration 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 Stuhini Exploration'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CASXF | 4.41 | 1.45 | 0.00 | 0.93 | 0.00 | 20.00 | 78.24 | |||
| NDMCF | 1.52 | (0.74) | 0.00 | 1.09 | 0.00 | 0.00 | 50.89 | |||
| BKTPF | 8.76 | 1.17 | 0.08 | 0.68 | 9.61 | 25.00 | 88.80 | |||
| ETRUF | 1.14 | 0.22 | 0.00 | (0.28) | 0.00 | 6.12 | 21.37 | |||
| ALEEF | 4.31 | 1.34 | 0.08 | (0.94) | 4.24 | 16.48 | 55.81 | |||
| CRSTF | 27.11 | 15.00 | 0.00 | (0.66) | 0.00 | 0.00 | 908.47 | |||
| ORMNF | 6.13 | 1.70 | 0.15 | 1.05 | 5.84 | 21.43 | 57.14 | |||
| RECHF | 8.27 | 2.82 | 0.25 | (0.41) | 5.71 | 10.00 | 36.67 | |||
| LMRMF | 3.57 | 0.37 | 0.03 | (0.32) | 4.50 | 10.00 | 24.09 | |||
| LBRMF | 421.19 | 221.72 | 3.45 | (19.07) | 40.41 | 450.00 | 11,784 |
Be your own money manager
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Stuhini Exploration Corporate Management
| CPA CMA | Chief Officer | Profile | |
| JD BA | Co Sec | Profile | |
| David BSc | CEO Pres | Profile | |
| Ehsan PGeo | VP Exploration | Profile | |
| Barry Hanslit | CoFounder | Profile |