Talon Metals Correlations
| TLOFF Stock | USD 0.06 0 1.67% |
The current 90-days correlation between Talon Metals Corp and Ascendant Resources is -0.04 (i.e., Good diversification). The correlation of Talon Metals 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.
Talon Metals Correlation With Market
Good diversification
The correlation between Talon Metals Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talon Metals Corp and DJI in the same portfolio, assuming nothing else is changed.
Talon |
The ability to find closely correlated positions to Talon Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Talon Metals 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 Talon Metals - 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 Talon Metals Corp to buy it.
Moving together with Talon Pink Sheet
| 0.63 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.62 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Talon Pink Sheet
| 0.63 | JPHLF | Japan Post Holdings | PairCorr |
| 0.56 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.48 | MFG | Mizuho Financial | PairCorr |
| 0.44 | PCTTW | PureCycle Technologies | PairCorr |
| 0.43 | ATCOL | Atlas Corp | PairCorr |
| 0.42 | SMFG | Sumitomo Mitsui Financial | PairCorr |
| 0.37 | SMFNF | Sumitomo Mitsui Financial Normal Trading | PairCorr |
| 0.36 | GCMGW | GCM Grosvenor | PairCorr |
| 0.31 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.55 | WMT | Walmart Aggressive Push | PairCorr |
| 0.52 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.51 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.48 | DIS | Walt Disney | PairCorr |
| 0.37 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Talon Pink Sheet performing well and Talon Metals 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 Talon Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASDRF | 6.91 | 1.14 | 0.03 | (1.82) | 9.12 | 33.33 | 83.33 | |||
| CTXDF | 2.04 | (0.44) | 0.00 | (0.86) | 0.00 | 3.18 | 44.15 | |||
| AXREF | 4.08 | 0.73 | 0.06 | (2.00) | 4.35 | 10.00 | 32.47 | |||
| SAGGF | 6.26 | (0.33) | 0.00 | 0.38 | 0.00 | 13.25 | 56.45 | |||
| AAGFF | 4.90 | 0.50 | 0.04 | (0.40) | 4.98 | 10.26 | 26.99 | |||
| WLBMF | 3.98 | (0.13) | 0.00 | 0.62 | 0.00 | 20.00 | 36.67 | |||
| CBRSF | 5.03 | 2.53 | 0.00 | (0.53) | 0.00 | 0.00 | 183.33 | |||
| AUMTF | 0.60 | 0.05 | 0.00 | (0.34) | 0.00 | 0.00 | 36.67 | |||
| BRYGF | 1.66 | (0.08) | 0.00 | (0.06) | 0.00 | 0.00 | 42.00 | |||
| EDDYF | 5.12 | 0.30 | 0.02 | 0.30 | 7.73 | 31.94 | 87.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Talon Metals 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 Portfolio Anywhere Now
Portfolio AnywhereTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
Talon Metals Corporate Management
| Brian Goldner | Chief Officer | Profile | |
| BCom BCom | CEO Director | Profile | |
| Vincent Conte | Chief Officer | Profile | |
| Michael Kicis | Chief Sec | Profile | |
| Kyle Mehalek | Chief Officer | Profile |