Thor Explorations Correlations

THXPF Stock

USD 1.14 0.06 5.56%

The current 90-days correlation between Thor Explorations and Orezone Gold Corp is 0.65 (i.e., Poor diversification). The correlation of Thor Explorations 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.

Thor Explorations Correlation With Market

Poor diversification

The correlation between Thor Explorations and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thor Explorations and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Thor Explorations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thor Explorations 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 Thor Explorations - 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 Thor Explorations to buy it.

Moving together with Thor Pink Sheet

0.92	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.87	AEM	Agnico Eagle Mines	Pair Corr
0.93	WPM	Wheaton Precious Metals	Pair Corr
0.89	AU	AngloGold Ashanti plc Buyout Trend	Pair Corr
0.88	ZIJMY	Zijin Mining Group	Pair Corr
0.88	ZIJMF	Zijin Mining Group	Pair Corr
0.91	KGC	Kinross Gold Aggressive Push	Pair Corr
0.94	GFI	Gold Fields	Pair Corr
0.73	GOLD	Gold Inc Symbol Change	Pair Corr
0.78	TSM	Taiwan Semiconductor	Pair Corr
0.89	BNEFF	Bonterra Energy Corp	Pair Corr
0.75	EMMA	Emmaus Life Sciences	Pair Corr
0.85	CGECF	Cogeco Inc	Pair Corr
0.95	SLSR	Solaris Resources	Pair Corr
0.68	DUK-PA	Duke Energy	Pair Corr
0.86	TLOFF	Talon Metals Corp	Pair Corr
0.81	BLAGF	Blue Lagoon Resources	Pair Corr
0.71	GS	Goldman Sachs Group	Pair Corr
0.67	AES	AES Earnings Call This Week	Pair Corr
0.85	YLLXF	Yellow Cake plc	Pair Corr

Moving against Thor Pink Sheet

0.64	MSFT	Microsoft	Pair Corr
0.49	AAPL	Apple Inc	Pair Corr

Related Correlations Analysis

	RMLFF	ORZCF	PROBF	OMGGF	MAKOF	MLXEF	BLNMF	SGLFF	STPGF	STBMF
RMLFF		0.48	0.02	0.38	0.5	0.42	0.0	0.42	0.45	0.37	RMLFF
ORZCF	0.48		0.61	0.93	0.98	0.93	0.0	0.73	0.83	0.9	ORZCF
PROBF	0.02	0.61		0.47	0.61	0.71	0.0	0.21	0.58	0.6	PROBF
OMGGF	0.38	0.93	0.47		0.95	0.87	0.0	0.81	0.73	0.82	OMGGF
MAKOF	0.5	0.98	0.61	0.95		0.93	0.0	0.76	0.83	0.89	MAKOF
MLXEF	0.42	0.93	0.71	0.87	0.93		0.0	0.71	0.81	0.87	MLXEF
BLNMF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BLNMF
SGLFF	0.42	0.73	0.21	0.81	0.76	0.71	0.0		0.44	0.73	SGLFF
STPGF	0.45	0.83	0.58	0.73	0.83	0.81	0.0	0.44		0.76	STPGF
STBMF	0.37	0.9	0.6	0.82	0.89	0.87	0.0	0.73	0.76		STBMF
	RMLFF	ORZCF	PROBF	OMGGF	MAKOF	MLXEF	BLNMF	SGLFF	STPGF	STBMF

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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

MAKOF	+ 0.98	ORZCF
MAKOF	+ 0.95	OMGGF
OMGGF	+ 0.93	ORZCF
MLXEF	+ 0.93	ORZCF
MLXEF	+ 0.93	MAKOF
STBMF	+ 0.9	ORZCF

High negative correlations

STBMF	- 0.0	BLNMF
STPGF	- 0.0	BLNMF
SGLFF	- 0.0	BLNMF
BLNMF	- 0.0	MLXEF
BLNMF	- 0.0	MAKOF
BLNMF	- 0.0	OMGGF

Risk-Adjusted Indicators

There is a big difference between Thor Pink Sheet performing well and Thor Explorations 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 Thor Explorations' 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
RMLFF	2.60	0.00	(0.01)	0.07	2.67	(4.58)	10.94	(4.94)	24.85
ORZCF	3.57	0.91	0.19	0.49	4.03	(4.15)	9.09	(8.67)	27.30
PROBF	1.41	0.50	0.20	(0.77)	1.02	(2.28)	1.54	(2.25)	40.87
OMGGF	2.90	0.55	0.14	0.31	3.25	(3.61)	9.35	(6.38)	19.31
MAKOF	2.15	0.36	0.14	0.32	2.43	(2.55)	4.89	(4.97)	13.16
MLXEF	2.95	0.66	0.15	0.69	3.31	(3.70)	7.41	(5.97)	18.27
BLNMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SGLFF	2.55	0.78	0.00	(0.59)	0.00	0.00	9.76	0.00	25.87
STPGF	3.14	0.10	0.04	0.12	3.93	(3.58)	7.26	(7.19)	23.66
STBMF	3.59	0.76	0.06	(0.59)	3.83	(10.56)	14.89	(9.09)	34.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Thor Explorations 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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Thor Explorations Corporate Management

Alfred FAusIMM	Group Mang	Profile
Mike Kelly	Segilola Mang	Profile
Chris OmoOsagie	Chief Officer	Profile
Ben CPA	Sec	Profile
James Philip	VP Devel	Profile

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