Thesis Gold Correlations

THSGF Stock

USD 1.75 0.11 6.71%

The current 90-days correlation between Thesis Gold and Regulus Resources is -0.23 (i.e., Very good diversification). The correlation of Thesis 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.

Thesis Gold Correlation With Market

Average diversification

The correlation between Thesis Gold and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thesis Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Thesis 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 Thesis 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 Thesis 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 Thesis Gold to buy it.

Moving together with Thesis OTC Stock

0.69	NEM	Newmont Goldcorp Corp	Pair Corr
0.82	WPM	Wheaton Precious Metals	Pair Corr
0.63	ZIJMY	Zijin Mining Group	Pair Corr
0.66	GFI	Gold Fields	Pair Corr
0.69	KGC	Kinross Gold Downward Rally	Pair Corr
0.73	PPERF	Bank Mandiri Persero	Pair Corr
0.76	WF	Woori Financial Group	Pair Corr
0.61	IDN	Intellicheck Mobilisa	Pair Corr
0.79	ULTA	Ulta Beauty	Pair Corr
0.61	ASTI	Ascent Solar Technol Upward Rally	Pair Corr
0.92	GSVRF	Guanajuato Silver	Pair Corr

Moving against Thesis OTC Stock

0.41	BKRKF	PT Bank Rakyat	Pair Corr
0.34	PBCRY	Bank Central Asia	Pair Corr
0.56	SMGKF	Smiths Group plc	Pair Corr
0.42	12532HAF1	GIBACN 23 14	Pair Corr
0.36	ARRXF	Archer Materials	Pair Corr
0.66	CYPS	Cyclo3pss	Pair Corr
0.53	AMD	Advanced Micro Devices Aggressive Push	Pair Corr
0.33	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	JAGGF	CDNMF	FFMGF	FDMIF	SITKF	AGXKF	HSTXF	AMXEF	URANF	RGLSF
JAGGF		0.12	0.81	0.56	-0.13	0.79	0.85	0.69	-0.25	0.21	JAGGF
CDNMF	0.12		0.35	-0.2	-0.26	0.26	0.21	0.26	0.31	0.29	CDNMF
FFMGF	0.81	0.35		0.59	-0.49	0.85	0.92	0.83	-0.2	0.53	FFMGF
FDMIF	0.56	-0.2	0.59		-0.09	0.5	0.68	0.77	-0.42	0.53	FDMIF
SITKF	-0.13	-0.26	-0.49	-0.09		-0.22	-0.45	-0.33	-0.09	-0.54	SITKF
AGXKF	0.79	0.26	0.85	0.5	-0.22		0.74	0.64	-0.18	0.19	AGXKF
HSTXF	0.85	0.21	0.92	0.68	-0.45	0.74		0.84	-0.27	0.53	HSTXF
AMXEF	0.69	0.26	0.83	0.77	-0.33	0.64	0.84		-0.24	0.71	AMXEF
URANF	-0.25	0.31	-0.2	-0.42	-0.09	-0.18	-0.27	-0.24		-0.14	URANF
RGLSF	0.21	0.29	0.53	0.53	-0.54	0.19	0.53	0.71	-0.14		RGLSF
	JAGGF	CDNMF	FFMGF	FDMIF	SITKF	AGXKF	HSTXF	AMXEF	URANF	RGLSF

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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

HSTXF	+ 0.92	FFMGF
HSTXF	+ 0.85	JAGGF
AGXKF	+ 0.85	FFMGF
AMXEF	+ 0.84	HSTXF
AMXEF	+ 0.83	FFMGF
FFMGF	+ 0.81	JAGGF

High negative correlations

RGLSF	- 0.54	SITKF
SITKF	- 0.49	FFMGF
HSTXF	- 0.45	SITKF
URANF	- 0.42	FDMIF
AMXEF	- 0.33	SITKF
URANF	- 0.27	HSTXF

Risk-Adjusted Indicators

There is a big difference between Thesis OTC Stock performing well and Thesis Gold OTC Stock 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 Thesis 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
JAGGF	3.24	0.43	0.12	0.31	3.57	(3.79)	7.95	(6.43)	21.39
CDNMF	60.09	28.19	0.00	2.25	0.00	0.00	0.00	0.00	1,087
FFMGF	4.28	0.94	0.18	0.48	4.09	(6.03)	9.52	(4.55)	22.70
FDMIF	3.10	0.33	0.06	(1.68)	3.68	(3.43)	6.67	(6.71)	18.46
SITKF	2.89	(0.27)	0.00	(0.24)	0.00	0.00	6.10	(7.41)	16.34
AGXKF	2.26	0.65	0.09	(0.46)	2.47	(5.57)	4.08	(3.49)	45.30
HSTXF	3.64	0.59	0.14	0.68	3.85	(4.31)	7.09	(6.76)	17.90
AMXEF	2.58	0.60	0.21	0.83	2.29	(3.32)	5.42	(4.19)	14.91
URANF	128.56	59.66	0.99	1.85	15.88	(1,476)	0.00	(41.67)	4,365
RGLSF	2.23	0.97	0.28	(0.64)	1.62	(2.82)	5.91	(3.59)	15.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in Thesis 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.

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Thesis Gold Corporate Management

Elected by the shareholders, the Thesis Gold's board of directors comprises two types of representatives: Thesis Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thesis. The board's role is to monitor Thesis Gold's management team and ensure that shareholders' interests are well served. Thesis 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, Thesis Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

Justin Bourassa	Chief Officer	Profile
Ewan PGeo	CEO Pres	Profile
BA CMA	Advisor	Profile
Nicholas Stajduhar	Bus Director	Profile

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