Viva Gold Correlations

VAUCF Stock

USD 0.13 0.01 8.33%

The current 90-days correlation between Viva Gold Corp and Antioquia Gold is -0.21 (i.e., Very good diversification). The correlation of Viva 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.

Viva Gold Correlation With Market

Good diversification

The correlation between Viva Gold Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viva Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Viva 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 Viva 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 Viva 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 Viva Gold Corp to buy it.

Moving together with Viva OTC Stock

0.75	ZIJMY	Zijin Mining Group	Pair Corr
0.73	ZIJMF	Zijin Mining Group	Pair Corr
0.71	GFI	Gold Fields Sell-off Trend	Pair Corr
0.67	CMTL	Comtech Telecommunicatio	Pair Corr

Moving against Viva OTC Stock

0.67	NCMGY	Newcrest Mining	Pair Corr
0.66	NCMGF	Newcrest Mining	Pair Corr
0.45	CSTXF	CryptoStar Corp	Pair Corr
0.44	AMIX	Autonomix Medical, Common Downward Rally	Pair Corr
0.34	DXYZ	Destiny Tech100	Pair Corr

Related Correlations Analysis

	AGDXF	ASGOF	BBSRF	AUXXF	OSIIF	MAIFF	MZZMF	AIRRF	MMRGF
AGDXF		-0.51	-0.28	-0.71	0.69	-0.2	0.36	-0.53	-0.51	AGDXF
ASGOF	-0.51		0.6	0.37	-0.62	0.4	-0.23	0.52	0.43	ASGOF
BBSRF	-0.28	0.6		0.38	-0.22	0.55	-0.11	0.61	0.62	BBSRF
AUXXF	-0.71	0.37	0.38		-0.37	0.27	-0.3	0.56	0.52	AUXXF
OSIIF	0.69	-0.62	-0.22	-0.37		0.05	0.11	-0.23	-0.44	OSIIF
MAIFF	-0.2	0.4	0.55	0.27	0.05		-0.54	0.84	0.56	MAIFF
MZZMF	0.36	-0.23	-0.11	-0.3	0.11	-0.54		-0.49	-0.25	MZZMF
AIRRF	-0.53	0.52	0.61	0.56	-0.23	0.84	-0.49		0.64	AIRRF
MMRGF	-0.51	0.43	0.62	0.52	-0.44	0.56	-0.25	0.64		MMRGF
	AGDXF	ASGOF	BBSRF	AUXXF	OSIIF	MAIFF	MZZMF	AIRRF	MMRGF

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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

AIRRF	+ 0.84	MAIFF
OSIIF	+ 0.69	AGDXF
MMRGF	+ 0.64	AIRRF
MMRGF	+ 0.62	BBSRF
AIRRF	+ 0.61	BBSRF
BBSRF	+ 0.6	ASGOF

High negative correlations

AUXXF	- 0.71	AGDXF
OSIIF	- 0.62	ASGOF
MZZMF	- 0.54	MAIFF
AIRRF	- 0.53	AGDXF
MMRGF	- 0.51	AGDXF
ASGOF	- 0.51	AGDXF

Risk-Adjusted Indicators

There is a big difference between Viva OTC Stock performing well and Viva Gold 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 Viva 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGDXF	2.99	1.55	0.00	(0.88)	0.00	0.00	0.00	0.00	100.00
ASGOF	1.26	0.06	(0.02)	0.01	2.30	(3.47)	4.30	(5.56)	18.34
BBSRF	3.70	0.01	0.01	0.12	4.17	(7.00)	10.00	(8.00)	30.95
AUXXF	3.95	(0.21)	0.00	(3.00)	0.00	0.00	8.33	(7.69)	32.05
OSIIF	0.70	0.09	(0.01)	0.71	0.83	(1.33)	1.60	(1.57)	6.84
MAIFF	3.54	0.41	0.03	(0.21)	3.77	(6.12)	8.70	(5.56)	32.05
MZZMF	6.11	1.52	0.07	(0.74)	6.30	(21.37)	14.29	(14.29)	116.00
AIRRF	2.30	0.08	(0.03)	(0.01)	2.93	(3.47)	5.13	(6.12)	15.14
MMRGF	4.58	(0.39)	0.00	(0.41)	0.00	0.00	7.14	(6.67)	26.90

Be your own money manager

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

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