Texas Rare Correlations

TMRC Stock

USD 0.25 0.02 7.41%

The current 90-days correlation between Texas Rare Earth and Rare Element Resources is -0.03 (i.e., Good diversification). The correlation of Texas Rare 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.

Texas Rare Correlation With Market

Modest diversification

The correlation between Texas Rare Earth and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Texas Rare Earth and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Texas OTC Stock

0.63	GOEVW	Canoo Holdings	Pair Corr
0.62	SHG	Shinhan Financial	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.76	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Texas OTC Stock

0.74	ATCOL	Atlas Corp	Pair Corr
0.67	PCTTW	PureCycle Technologies	Pair Corr
0.58	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.56	SMFNF	Sumitomo Mitsui Financial Normal Trading	Pair Corr
0.54	JPHLF	Japan Post Holdings	Pair Corr
0.51	ASTSW	AST SpaceMobile	Pair Corr
0.51	MFG	Mizuho Financial	Pair Corr
0.46	SSNLF	Samsung Electronics	Pair Corr
0.46	KB	KB Financial Group	Pair Corr
0.38	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.37	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.35	GCMGW	GCM Grosvenor	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.66	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.59	WMT	Walmart Aggressive Push	Pair Corr
0.57	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.5	DIS	Walt Disney	Pair Corr
0.48	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.45	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	UURAF	LYSCF	ARAFF	CMRZF	REEMF	AFMJF	SHCMF	LYSDY	REMRF	MLLOF
UURAF		-0.43	-0.12	-0.35	-0.04	-0.33	0.19	-0.43	0.02	0.27	UURAF
LYSCF	-0.43		0.02	0.55	0.11	0.69	-0.14	0.98	0.05	-0.3	LYSCF
ARAFF	-0.12	0.02		0.33	-0.72	-0.4	0.53	0.04	0.57	0.35	ARAFF
CMRZF	-0.35	0.55	0.33		-0.42	0.38	0.2	0.55	0.21	-0.33	CMRZF
REEMF	-0.04	0.11	-0.72	-0.42		0.46	-0.48	0.08	-0.58	-0.31	REEMF
AFMJF	-0.33	0.69	-0.4	0.38	0.46		-0.38	0.66	-0.45	-0.66	AFMJF
SHCMF	0.19	-0.14	0.53	0.2	-0.48	-0.38		-0.11	0.4	0.18	SHCMF
LYSDY	-0.43	0.98	0.04	0.55	0.08	0.66	-0.11		0.13	-0.23	LYSDY
REMRF	0.02	0.05	0.57	0.21	-0.58	-0.45	0.4	0.13		0.46	REMRF
MLLOF	0.27	-0.3	0.35	-0.33	-0.31	-0.66	0.18	-0.23	0.46		MLLOF
	UURAF	LYSCF	ARAFF	CMRZF	REEMF	AFMJF	SHCMF	LYSDY	REMRF	MLLOF

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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

LYSDY	+ 0.98	LYSCF
AFMJF	+ 0.69	LYSCF
LYSDY	+ 0.66	AFMJF
REMRF	+ 0.57	ARAFF
CMRZF	+ 0.55	LYSCF
LYSDY	+ 0.55	CMRZF

High negative correlations

REEMF	- 0.72	ARAFF
MLLOF	- 0.66	AFMJF
REMRF	- 0.58	REEMF
SHCMF	- 0.48	REEMF
REMRF	- 0.45	AFMJF
LYSDY	- 0.43	UURAF

Risk-Adjusted Indicators

There is a big difference between Texas OTC Stock performing well and Texas Rare 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 Texas Rare'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
UURAF	2.52	0.02	0.00	0.05	0.00	0.00	9.52	(4.76)	17.14
LYSCF	1.72	(0.04)	(0.06)	(0.02)	1.94	(2.11)	4.04	(3.21)	10.41
ARAFF	5.03	(0.10)	0.00	0.61	0.00	0.00	12.50	(11.11)	41.26
CMRZF	6.24	(0.23)	(0.01)	0.00	8.24	(15.84)	20.00	(16.67)	59.34
REEMF	5.30	1.43	0.20	0.87	4.22	(10.86)	14.55	(7.41)	78.27
AFMJF	2.25	0.24	0.05	0.76	2.51	(2.62)	4.82	(4.60)	13.06
SHCMF	22.32	2.58	0.22	0.18	13.00	(128.66)	32.14	(18.92)	566.04
LYSDY	1.66	(0.06)	0.00	(0.06)	0.00	0.00	4.85	(3.31)	10.38
REMRF	2.21	(0.18)	0.00	(0.73)	0.00	0.00	4.44	(4.17)	22.89
MLLOF	7.91	0.14	0.00	(0.89)	9.53	(11.01)	25.14	(17.62)	53.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Texas Rare 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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