Thor Explorations Correlations

THXPF Stock

USD 1.33 0.04 3.10%

The current 90-days correlation between Thor Explorations and Orezone Gold Corp is 0.54 (i.e., Very weak 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 0.72 (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

0.91	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.89	AEM	Agnico Eagle Mines	Pair Corr
0.93	WPM	Wheaton Precious Metals	Pair Corr
0.88	AU	AngloGold Ashanti plc	Pair Corr
0.92	KGC	Kinross Gold	Pair Corr
0.84	ZIJMY	Zijin Mining Group	Pair Corr
0.83	ZIJMF	Zijin Mining Group	Pair Corr
0.93	GFI	Gold Fields	Pair Corr
0.73	WNC	Wabash National Earnings Call This Week	Pair Corr
0.84	DCI	Donaldson	Pair Corr
0.82	SSRM	SSR Mining	Pair Corr
0.85	MARUF	Marubeni Earnings Call This Week	Pair Corr
0.77	WMT	Walmart Common Stock	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.73	BA	Boeing	Pair Corr
0.63	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.7	DD	Dupont De Nemours	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr

Moving against Thor Pink Sheet

0.81	TRNR	Interactive Strength	Pair Corr
0.75	APVO	Aptevo Therapeutics Downward Rally	Pair Corr
0.37	VLCN	VLCN Old Symbol Change	Pair Corr
0.74	HPQ	HP Inc	Pair Corr
0.71	MSFT	Microsoft Earnings Call Today	Pair Corr
0.64	T	ATT Inc Earnings Call Today	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	RMLFF	ORZCF	PROBF	OMGGF	MAKOF	MLXEF	BLNMF	SGLFF	STPGF	STBMF
RMLFF		0.26	-0.38	0.19	0.32	0.14	0.0	0.71	0.37	0.25	RMLFF
ORZCF	0.26		0.39	0.93	0.97	0.93	0.0	0.26	0.37	0.89	ORZCF
PROBF	-0.38	0.39		0.5	0.35	0.47	0.0	-0.18	-0.2	0.23	PROBF
OMGGF	0.19	0.93	0.5		0.93	0.89	0.0	0.23	0.28	0.8	OMGGF
MAKOF	0.32	0.97	0.35	0.93		0.91	0.0	0.35	0.44	0.87	MAKOF
MLXEF	0.14	0.93	0.47	0.89	0.91		0.0	0.22	0.27	0.83	MLXEF
BLNMF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BLNMF
SGLFF	0.71	0.26	-0.18	0.23	0.35	0.22	0.0		0.45	0.37	SGLFF
STPGF	0.37	0.37	-0.2	0.28	0.44	0.27	0.0	0.45		0.44	STPGF
STBMF	0.25	0.89	0.23	0.8	0.87	0.83	0.0	0.37	0.44		STBMF
	RMLFF	ORZCF	PROBF	OMGGF	MAKOF	MLXEF	BLNMF	SGLFF	STPGF	STBMF

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.97	ORZCF
OMGGF	+ 0.93	ORZCF
MLXEF	+ 0.93	ORZCF
MAKOF	+ 0.93	OMGGF
MLXEF	+ 0.91	MAKOF
STBMF	+ 0.89	ORZCF

High negative correlations

PROBF	- 0.38	RMLFF
STPGF	- 0.2	PROBF
SGLFF	- 0.18	PROBF
STBMF	- 0.0	BLNMF
STPGF	- 0.0	BLNMF
SGLFF	- 0.0	BLNMF

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	2.45	0.13	0.03	0.36	2.29	(4.93)	10.94	(4.11)	24.85
ORZCF	3.06	1.10	0.31	0.84	2.60	(3.88)	8.33	(4.84)	19.79
PROBF	1.41	0.45	0.20	2.61	1.02	(2.28)	1.54	(2.25)	40.87
OMGGF	2.64	0.73	0.20	0.72	2.96	(3.31)	5.69	(5.75)	22.23
MAKOF	1.90	0.42	0.20	0.40	1.90	(2.35)	4.28	(3.53)	9.65
MLXEF	3.26	0.89	0.18	6.21	3.32	(4.27)	7.69	(5.62)	23.21
BLNMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SGLFF	1.97	0.42	0.00	(0.27)	0.00	0.00	9.52	0.00	25.87
STPGF	3.10	0.33	0.09	0.22	3.99	(3.59)	7.35	(5.19)	26.04
STBMF	3.15	0.88	0.07	(3.59)	3.08	(13.89)	15.79	(8.11)	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.

Did you try this?

Run ETF Categories Now

ETF Categories

List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments

All Next

Launch Module

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

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

2026 Macroaxis LLC