Ucore Rare Correlations

UURAF Stock

USD 0.53 0.03 5.36%

The current 90-days correlation between Ucore Rare Metals and Rare Element Resources is 0.19 (i.e., Average diversification). The correlation of Ucore 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.

Ucore Rare Correlation With Market

Average diversification

The correlation between Ucore Rare Metals and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ucore Rare Metals and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ucore 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 Ucore 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 Ucore 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 Ucore Rare Metals to buy it.

Moving together with Ucore OTC Stock

0.64	GCMGW	GCM Grosvenor	Pair Corr
0.78	ASTSW	AST SpaceMobile	Pair Corr
0.62	MNPR	Monopar Therapeutics Trending	Pair Corr
0.64	CSCO	Cisco Systems Aggressive Push	Pair Corr

Moving against Ucore OTC Stock

0.7	ADVWW	Advantage Solutions	Pair Corr
0.68	CHKEZ	CHKEZ Old Symbol Change	Pair Corr
0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.64	INTC	Intel Aggressive Push	Pair Corr
0.62	CHKEL	CHKEL Old Symbol Change	Pair Corr
0.54	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.42	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	TRV	The Travelers Companies	Pair Corr
0.37	AA	Alcoa Corp	Pair Corr
0.35	VZ	Verizon Communications Aggressive Push	Pair Corr
0.33	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.33	GE	GE Aerospace Buyout Trend	Pair Corr

Related Correlations Analysis

	REEMF	LYSCF	SHCMF	ARAFF	TMRC	CMRZF	FLMMF	MLXEF	ADMLF	AGXPF
REEMF		-0.39	-0.14	-0.28	0.29	-0.32	-0.59	-0.14	-0.63	-0.43	REEMF
LYSCF	-0.39		0.14	0.77	-0.43	0.78	0.82	0.75	0.64	0.75	LYSCF
SHCMF	-0.14	0.14		0.34	-0.22	0.36	0.08	0.14	0.18	0.15	SHCMF
ARAFF	-0.28	0.77	0.34		-0.49	0.85	0.7	0.66	0.62	0.73	ARAFF
TMRC	0.29	-0.43	-0.22	-0.49		-0.49	-0.41	-0.53	-0.48	-0.49	TMRC
CMRZF	-0.32	0.78	0.36	0.85	-0.49		0.73	0.62	0.59	0.81	CMRZF
FLMMF	-0.59	0.82	0.08	0.7	-0.41	0.73		0.48	0.77	0.81	FLMMF
MLXEF	-0.14	0.75	0.14	0.66	-0.53	0.62	0.48		0.41	0.66	MLXEF
ADMLF	-0.63	0.64	0.18	0.62	-0.48	0.59	0.77	0.41		0.74	ADMLF
AGXPF	-0.43	0.75	0.15	0.73	-0.49	0.81	0.81	0.66	0.74		AGXPF
	REEMF	LYSCF	SHCMF	ARAFF	TMRC	CMRZF	FLMMF	MLXEF	ADMLF	AGXPF

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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

CMRZF	+ 0.85	ARAFF
FLMMF	+ 0.82	LYSCF
AGXPF	+ 0.81	CMRZF
AGXPF	+ 0.81	FLMMF
CMRZF	+ 0.78	LYSCF
ARAFF	+ 0.77	LYSCF

High negative correlations

ADMLF	- 0.63	REEMF
FLMMF	- 0.59	REEMF
MLXEF	- 0.53	TMRC
AGXPF	- 0.49	TMRC
CMRZF	- 0.49	TMRC
TMRC	- 0.49	ARAFF

Risk-Adjusted Indicators

There is a big difference between Ucore OTC Stock performing well and Ucore 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 Ucore 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
REEMF	5.30	1.66	0.21	(1,656)	4.22	(10.86)	14.55	(7.41)	78.27
LYSCF	1.60	(0.31)	0.00	(1.18)	0.00	0.00	2.47	(4.01)	9.66
SHCMF	27.36	9.50	0.19	(0.60)	16.97	(189.68)	42.50	(48.94)	571.47
ARAFF	4.70	(0.28)	0.00	0.28	0.00	0.00	12.50	(11.11)	28.18
TMRC	4.99	0.45	0.06	1.06	5.30	(7.33)	8.33	(9.09)	46.63
CMRZF	6.47	(0.73)	0.00	1.80	0.00	0.00	20.00	(16.67)	47.22
FLMMF	0.56	(0.11)	0.00	(2.46)	0.00	0.00	1.36	(1.58)	4.02
MLXEF	3.78	0.10	0.01	(0.25)	4.53	(7.89)	13.79	(9.37)	34.27
ADMLF	2.70	(0.17)	0.00	0.22	0.00	0.00	5.60	(5.59)	18.53
AGXPF	4.34	(0.20)	0.00	0.48	0.00	0.00	8.33	(9.52)	31.55

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