Traction Uranium Correlations

TRCTF Stock

USD 0.18 0.01 5.88%

The current 90-days correlation between Traction Uranium Corp and New Age Metals is 0.21 (i.e., Modest diversification). The correlation of Traction Uranium 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.

Traction Uranium Correlation With Market

Average diversification

The correlation between Traction Uranium Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Traction Uranium Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Traction OTC Stock

0.69	BHP	BHP Group Limited	Pair Corr
0.67	RIO	Rio Tinto ADR	Pair Corr
0.7	GLCNF	Glencore PLC	Pair Corr
0.73	GLNCY	Glencore PLC ADR	Pair Corr
0.69	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Moving against Traction OTC Stock

0.69	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.68	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.64	SMFG	Sumitomo Mitsui Financial Earnings Call This Week	Pair Corr
0.64	MFG	Mizuho Financial Earnings Call This Week	Pair Corr
0.56	MNPR	Monopar Therapeutics Trending	Pair Corr
0.53	SMFNF	Sumitomo Mitsui Financial Earnings Call This Week	Pair Corr
0.5	MZHOF	Mizuho Financial Earnings Call This Week	Pair Corr
0.41	DNOW	Now Inc	Pair Corr
0.62	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.6	AXP	American Express Earnings Call Today	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.57	BAC	Bank of America	Pair Corr
0.57	WMT	Walmart Aggressive Push	Pair Corr
0.35	BA	Boeing Earnings Call This Week	Pair Corr
0.32	MSFT	Microsoft Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NMTLF	YORKF	SILEF	FEMFF	EGPLF	ACRL	VRCFF	WDFCF	FWEDF	EUMNF
NMTLF		0.43	0.72	0.7	0.23	-0.6	0.51	0.1	-0.08	0.8	NMTLF
YORKF	0.43		0.5	0.3	0.06	-0.31	0.27	0.43	-0.35	0.5	YORKF
SILEF	0.72	0.5		0.54	0.15	-0.33	0.48	0.17	-0.16	0.78	SILEF
FEMFF	0.7	0.3	0.54		0.26	-0.5	0.33	-0.04	0.16	0.53	FEMFF
EGPLF	0.23	0.06	0.15	0.26		-0.09	0.0	-0.07	0.44	0.08	EGPLF
ACRL	-0.6	-0.31	-0.33	-0.5	-0.09		-0.21	-0.09	0.13	-0.44	ACRL
VRCFF	0.51	0.27	0.48	0.33	0.0	-0.21		0.21	-0.35	0.6	VRCFF
WDFCF	0.1	0.43	0.17	-0.04	-0.07	-0.09	0.21		-0.24	0.27	WDFCF
FWEDF	-0.08	-0.35	-0.16	0.16	0.44	0.13	-0.35	-0.24		-0.32	FWEDF
EUMNF	0.8	0.5	0.78	0.53	0.08	-0.44	0.6	0.27	-0.32		EUMNF
	NMTLF	YORKF	SILEF	FEMFF	EGPLF	ACRL	VRCFF	WDFCF	FWEDF	EUMNF

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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

EUMNF	+ 0.8	NMTLF
EUMNF	+ 0.78	SILEF
SILEF	+ 0.72	NMTLF
FEMFF	+ 0.7	NMTLF
EUMNF	+ 0.6	VRCFF
FEMFF	+ 0.54	SILEF

High negative correlations

ACRL	- 0.6	NMTLF
ACRL	- 0.5	FEMFF
EUMNF	- 0.44	ACRL
FWEDF	- 0.35	VRCFF
FWEDF	- 0.35	YORKF
ACRL	- 0.33	SILEF

Risk-Adjusted Indicators

There is a big difference between Traction OTC Stock performing well and Traction Uranium 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 Traction Uranium'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
NMTLF	6.96	(0.20)	0.00	0.69	0.00	0.00	20.12	(14.09)	55.17
YORKF	11.20	1.44	0.05	(2.84)	14.12	(21.84)	37.91	(27.49)	135.93
SILEF	6.08	(1.82)	0.00	(0.97)	0.00	0.00	10.71	(15.38)	61.39
FEMFF	9.52	0.28	0.01	(0.09)	9.83	(14.48)	27.66	(18.89)	73.17
EGPLF	8.02	0.61	0.02	(0.48)	10.06	(20.92)	22.22	(25.00)	76.19
ACRL	12.42	3.06	0.16	(0.69)	12.92	(18.09)	25.00	(22.73)	213.45
VRCFF	50.15	21.73	0.74	1.06	14.70	(113.33)	43.71	(24.15)	1,558
WDFCF	5.77	0.82	0.07	(1.73)	6.57	(11.97)	15.25	(9.55)	81.17
FWEDF	1.78	(0.02)	(0.01)	0.01	2.12	(2.47)	4.12	(4.00)	11.46
EUMNF	6.76	0.00	0.00	0.04	8.55	(16.00)	21.95	(16.67)	53.93

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Our tools can tell you how much better you can do entering a position in Traction Uranium 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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