International Tower Correlations

THM Stock

USD 0.46 0.02 4.17%

The current 90-days correlation between International Tower Hill and Vista Gold is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

International Tower Correlation With Market

Significant diversification

The correlation between International Tower Hill and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Tower Hill and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with International Stock

0.71	PKX	POSCO Holdings	Pair Corr
0.81	AG	First Majestic Silver	Pair Corr
0.65	AU	AngloGold Ashanti plc	Pair Corr
0.89	CE	Celanese	Pair Corr
0.64	DC	Dakota Gold Corp	Pair Corr
0.82	FF	FutureFuel Corp	Pair Corr
0.82	HL	Hecla Mining Aggressive Push	Pair Corr
0.78	OR	Osisko Gold Ro	Pair Corr
0.77	SA	Seabridge Gold	Pair Corr
0.64	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.78	VOXR	Vox Royalty Corp	Pair Corr

Moving against International Stock

0.44	CF	CF Industries Holdings	Pair Corr
0.32	NC	NACCO Industries	Pair Corr

Related Correlations Analysis

	VGZ	AAU	AUMN	PZG	TRX
VGZ		0.35	-0.13	0.45	0.54	VGZ
AAU	0.35		-0.78	-0.01	-0.23	AAU
AUMN	-0.13	-0.78		0.09	0.41	AUMN
PZG	0.45	-0.01	0.09		0.61	PZG
TRX	0.54	-0.23	0.41	0.61		TRX
	VGZ	AAU	AUMN	PZG	TRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TRX	+ 0.61	PZG
TRX	+ 0.54	VGZ
PZG	+ 0.45	VGZ
TRX	+ 0.41	AUMN
AAU	+ 0.35	VGZ
PZG	+ 0.09	AUMN

High negative correlations

AUMN	- 0.78	AAU
TRX	- 0.23	AAU
AUMN	- 0.13	VGZ
PZG	- 0.01	AAU

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Tower 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 International Tower'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
VGZ	2.32	(0.10)	0.00	(0.04)	0.00	0.00	3.85	(4.35)	12.71
AAU	2.63	(0.06)	(0.01)	0.01	3.59	(8.70)	8.33	(7.69)	16.67
AUMN	5.52	(1.24)	0.00	4.64	0.00	0.00	12.00	(16.67)	39.60
PZG	3.49	(0.16)	0.00	0.77	0.00	0.00	7.32	(7.50)	20.63
TRX	1.85	(0.31)	0.00	0.66	0.00	0.00	3.23	(3.23)	8.41

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC