Americas Gold Correlations
| SZ71 Stock | EUR 0.35 0.01 2.94% |
The current 90-days correlation between Americas Gold and Dolly Varden Silver is 0.04 (i.e., Significant diversification). The correlation of Americas 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.
Americas Gold Correlation With Market
Average diversification
The correlation between Americas Gold and and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americas Gold and and DJI in the same portfolio, assuming nothing else is changed.
Americas |
The ability to find closely correlated positions to Americas 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 Americas 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 Americas 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 Americas Gold and to buy it.
Moving together with Americas Stock
| 0.83 | PA2 | Pan American Silver | PairCorr |
| 0.75 | FMV | First Majestic Silver | PairCorr |
| 0.83 | MQ8 | MAG Silver Corp | PairCorr |
| 0.77 | EJD | Endeavour Silver Corp | PairCorr |
| 0.75 | SWQ | Silver Mines Limited | PairCorr |
| 0.83 | DTG | Daimler Truck Holding | PairCorr |
| 0.64 | ACT | AlzChem Group AG | PairCorr |
| 0.68 | ACT | AlzChem Group AG | PairCorr |
Moving against Americas Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Americas Stock performing well and Americas Gold 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 Americas 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PA2 | 2.36 | 0.11 | 0.04 | 0.28 | 2.57 | 6.53 | 15.44 | |||
| FMV | 3.00 | 0.02 | 0.00 | 0.08 | 3.14 | 6.78 | 20.17 | |||
| MQ8 | 2.32 | 0.09 | 0.02 | (0.08) | 2.87 | 5.63 | 14.43 | |||
| S9Y | 2.65 | (0.29) | 0.00 | 2.74 | 0.00 | 4.28 | 23.90 | |||
| EJD | 3.31 | 0.23 | 0.05 | (0.65) | 3.80 | 8.30 | 19.56 | |||
| DVQ1 | 5.02 | (0.22) | 0.00 | 0.23 | 0.00 | 9.86 | 25.32 | |||
| SWQ | 5.60 | 0.28 | 0.03 | (0.13) | 6.91 | 15.91 | 59.87 | |||
| SZ71 | 5.47 | 0.70 | 0.10 | 0.58 | 5.50 | 13.04 | 30.05 | |||
| 1SZ | 5.72 | 0.15 | 0.01 | 0.68 | 6.64 | 11.76 | 46.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Americas 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.Did you try this?
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Americas Gold Corporate Management
Elected by the shareholders, the Americas Gold's board of directors comprises two types of representatives: Americas Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Americas. The board's role is to monitor Americas Gold's management team and ensure that shareholders' interests are well served. Americas Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Americas Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Niel PGeo | Director Geology | Profile | |
| Stefan Axell | VP Communications | Profile | |
| BS Esq | Sr Officer | Profile | |
| James Geol | VP Exploration | Profile | |
| Darren CA | CEO Pres | Profile | |
| Daren PEng | Chief Officer | Profile | |
| Warren Varga | Chief Officer | Profile |