Temas Resources Correlations
| TMASF Stock | USD 0.15 0.01 7.14% |
The current 90-days correlation between Temas Resources Corp and South Atlantic Gold is -0.03 (i.e., Good diversification). The correlation of Temas Resources 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.
Temas Resources Correlation With Market
Very good diversification
The correlation between Temas Resources Corp and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Temas Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
Temas |
The ability to find closely correlated positions to Temas Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Temas Resources 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 Temas Resources - 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 Temas Resources Corp to buy it.
Moving together with Temas OTC Stock
Moving against Temas OTC Stock
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Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Temas OTC Stock performing well and Temas Resources 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 Temas Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTCZF | 26.71 | 8.86 | 0.22 | (0.60) | 19.91 | 93.33 | 303.45 | |||
| JLRRF | 2.81 | (0.60) | 0.00 | (0.37) | 0.00 | 0.00 | 143.23 | |||
| NICLF | 3.44 | 1.00 | 0.00 | (0.30) | 0.00 | 17.65 | 49.18 | |||
| ALTPF | 5.23 | 0.19 | 0.02 | 0.30 | 6.78 | 12.12 | 35.59 | |||
| CCEDF | 45.85 | 19.88 | 0.45 | (3.31) | 18.93 | 207.69 | 564.76 | |||
| ZUUZF | 6.94 | 0.28 | 0.02 | 0.66 | 8.26 | 22.67 | 70.54 | |||
| BITTF | 3.87 | 0.14 | 0.00 | (0.17) | 5.01 | 7.75 | 29.93 | |||
| FEERF | 4.85 | 0.61 | 0.04 | 3.32 | 6.72 | 19.23 | 60.91 | |||
| BHLIF | 1.68 | (0.18) | 0.00 | 0.24 | 0.00 | 0.00 | 56.65 | |||
| BGAVF | 7.39 | 0.95 | 0.09 | 0.53 | 10.08 | 21.63 | 56.59 |
Be your own money manager
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