Tudor Gold Correlations
| TUD Stock | CAD 0.79 0.01 1.28% |
The current 90-days correlation between Tudor Gold Corp and Orezone Gold Corp is -0.03 (i.e., Good diversification). The correlation of Tudor Gold 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Tudor Gold Correlation With Market
Good diversification
The correlation between Tudor Gold Corp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tudor Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
Tudor |
The ability to find closely correlated positions to Tudor Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tudor Gold 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 Tudor Gold - 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 Tudor Gold Corp to buy it.
Moving together with Tudor Stock
Moving against Tudor Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tudor Stock performing well and Tudor Gold 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 Tudor Gold'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Tudor Gold 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 Manager Now
Portfolio ManagerState of the art Portfolio Manager to monitor and improve performance of your invested capital |
| All Next | Launch Module |
Tudor Gold Corporate Management
Elected by the shareholders, the Tudor Gold's board of directors comprises two types of representatives: Tudor Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tudor. The board's role is to monitor Tudor Gold's management team and ensure that shareholders' interests are well served. Tudor Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tudor Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| CA CGA | Chief Officer | Profile | |
| Natalie PGeo | VP Director | Profile | |
| Carsten Ringler | Head Communications | Profile | |
| Frances Murphy | Corporate Secretary | Profile | |
| Chris Curran | Head Communications | Profile | |
| Christopher Curran | Vice Development | Profile |