Silvercorp Metals Correlations

SVM Stock

USD 8.76 0.42 5.04%

The current 90-days correlation between Silvercorp Metals and Kaiser Aluminum is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silvercorp Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silvercorp Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silvercorp Metals Correlation With Market

Weak diversification

The correlation between Silvercorp Metals and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silvercorp Metals and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Silvercorp Stock

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

To learn how to invest in Silvercorp Stock, please use our How to Invest in Silvercorp Metals guide.

Moving together with Silvercorp Stock

0.92	B	Barrick Mining Symbol Change	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.83	RS	Reliance Steel Aluminum	Pair Corr
0.95	SA	Seabridge Gold	Pair Corr
0.88	WS	Worthington Steel	Pair Corr
0.94	AGI	Alamos Gold	Pair Corr
0.82	DRD	DRDGOLD Limited ADR	Pair Corr
0.86	EXK	Endeavour Silver Corp	Pair Corr
0.91	FSM	Fortuna Silver Mines	Pair Corr
0.79	ZEUS	Olympic Steel	Pair Corr
0.93	AAUC	Allied Gold	Pair Corr
0.94	ARMN	Aris Mining	Pair Corr
0.68	FINN	First National	Pair Corr
0.65	NAUFF	NevGold Corp	Pair Corr
0.74	DB	Deutsche Bank AG	Pair Corr
0.83	FTV	Fortive Corp	Pair Corr
0.85	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.78	MRK	Merck Company	Pair Corr

Moving against Silvercorp Stock

0.76	CTDD	Qwest Corp 6	Pair Corr
0.68	CTBB	Qwest Corp NT	Pair Corr
0.66	PCTTW	PureCycle Technologies	Pair Corr
0.65	ADVWW	Advantage Solutions	Pair Corr
0.63	MAPSW	WM Technology	Pair Corr
0.7	PG	Procter Gamble	Pair Corr
0.64	MSFT	Microsoft Sell-off Trend	Pair Corr
0.52	HPQ	HP Inc	Pair Corr
0.51	HD	Home Depot	Pair Corr

Related Correlations Analysis

	SIM	KALU	HUN	TGB	VZLA	IPX	LOMA	SLVM	WS	LAC
SIM		0.54	0.36	0.51	0.23	-0.76	0.73	0.54	0.45	-0.69	SIM
KALU	0.54		0.73	0.89	0.7	-0.68	0.88	0.79	0.9	-0.72	KALU
HUN	0.36	0.73		0.82	0.79	-0.4	0.6	0.85	0.89	-0.3	HUN
TGB	0.51	0.89	0.82		0.85	-0.54	0.81	0.8	0.91	-0.5	TGB
VZLA	0.23	0.7	0.79	0.85		-0.27	0.54	0.75	0.79	-0.2	VZLA
IPX	-0.76	-0.68	-0.4	-0.54	-0.27		-0.89	-0.65	-0.6	0.9	IPX
LOMA	0.73	0.88	0.6	0.81	0.54	-0.89		0.74	0.79	-0.85	LOMA
SLVM	0.54	0.79	0.85	0.8	0.75	-0.65	0.74		0.87	-0.51	SLVM
WS	0.45	0.9	0.89	0.91	0.79	-0.6	0.79	0.87		-0.54	WS
LAC	-0.69	-0.72	-0.3	-0.5	-0.2	0.9	-0.85	-0.51	-0.54		LAC
	SIM	KALU	HUN	TGB	VZLA	IPX	LOMA	SLVM	WS	LAC

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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

WS	+ 0.91	TGB
WS	+ 0.9	KALU
LAC	+ 0.9	IPX
TGB	+ 0.89	KALU
WS	+ 0.89	HUN
LOMA	+ 0.88	KALU

High negative correlations

LOMA	- 0.89	IPX
LAC	- 0.85	LOMA
IPX	- 0.76	SIM
LAC	- 0.72	KALU
LAC	- 0.69	SIM
IPX	- 0.68	KALU

Risk-Adjusted Indicators

There is a big difference between Silvercorp Stock performing well and Silvercorp Metals 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 Silvercorp Metals' 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
SIM	1.31	0.11	0.01	1.74	2.10	(3.45)	2.97	(3.46)	16.84
KALU	1.99	0.60	0.29	0.47	1.56	(2.21)	4.74	(2.75)	23.87
HUN	2.45	0.10	0.06	0.12	2.79	(2.58)	5.91	(5.33)	15.80
TGB	2.80	0.44	0.15	0.27	3.19	(3.31)	6.01	(6.00)	17.91
VZLA	3.06	0.28	0.07	0.21	4.14	(3.31)	7.64	(7.09)	26.88
IPX	3.06	(0.42)	0.00	(0.08)	0.00	0.00	6.06	(8.83)	18.33
LOMA	2.78	0.86	0.38	0.47	1.85	(3.53)	6.85	(3.30)	35.83
SLVM	1.60	0.11	0.08	0.18	1.43	(2.08)	4.52	(3.02)	12.97
WS	1.45	0.08	0.08	0.12	1.51	(1.65)	3.14	(2.60)	8.67
LAC	4.79	(0.50)	0.00	(0.06)	0.00	0.00	9.40	(8.12)	53.49

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