Ophir Resources Correlations

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Ophir Resources Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

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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    KTB + 0.86 UAA OXM + 0.63 LEVI KTB + 0.61 VFC UAA + 0.56 VFC KTB + 0.55 COLM VNCE + 0.53 LEVI

High negative correlations    KTB - 0.57 LEVI UAA - 0.52 LEVI OXM - 0.45 UAA OXM - 0.41 VFC KTB - 0.4 OXM VNCE - 0.31 KTB

Risk-Adjusted Indicators

There is a big difference between Ophir Stock performing well and Ophir Resources 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 Ophir Resources' 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.