BOCANA RESOURCES Correlations

VC1 Stock

0.13 0.01 7.14%

The current 90-days correlation between BOCANA RESOURCES P and Anheuser Busch InBev SANV is 0.02 (i.e., Significant diversification). The correlation of BOCANA RESOURCES 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.

BOCANA RESOURCES Correlation With Market

Average diversification

The correlation between BOCANA RESOURCES P and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BOCANA RESOURCES P and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BOCANA Stock

0.86	CRA1	Rio Tinto Group	Pair Corr
0.73	F5J	Mineral Resources	Pair Corr
0.67	LIS	Liontown Resources	Pair Corr
0.83	NE0	NEXA RESOURCES SA	Pair Corr
0.83	74F	LIFE BANC SPLIT	Pair Corr
0.72	OIX	ORIX	Pair Corr
0.69	ZYE1	Addiko Bank AG	Pair Corr
0.69	FMV	First Majestic Silver	Pair Corr
0.64	TJX	TJX Companies	Pair Corr
0.74	SNIA	SCHNEIDER NATLINC CLB	Pair Corr
0.62	EJR	East Japan Railway	Pair Corr
0.78	FLI	Flight Centre Travel	Pair Corr
0.73	SVHG	Svenska Handelsbanken	Pair Corr
0.72	STD	STANDARD CHARTERED	Pair Corr
0.85	KGHA	KGHM Polska Miedz	Pair Corr
0.62	FCQ	FTI CONSULTING	Pair Corr
0.69	DUT	Moodys	Pair Corr
0.61	CY2	Canadian National Railway	Pair Corr
0.83	XYD	MINCO SILVER	Pair Corr

Moving against BOCANA Stock

0.7

9Y2

LABOCANNA SA ZY

Pair Corr

Related Correlations Analysis

	VC1	1NBA	AACA	S7MB	VA7A	BBM	VIH1	BC0	BC2
VC1		0.51	0.19	0.52	-0.47	0.0	0.29	0.0	0.0	VC1
1NBA	0.51		-0.31	0.26	-0.8	0.0	0.72	0.0	0.0	1NBA
AACA	0.19	-0.31		0.45	0.24	0.0	-0.37	0.0	0.0	AACA
S7MB	0.52	0.26	0.45		-0.19	0.0	0.11	0.0	0.0	S7MB
VA7A	-0.47	-0.8	0.24	-0.19		0.0	-0.85	0.0	0.0	VA7A
BBM	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BBM
VIH1	0.29	0.72	-0.37	0.11	-0.85	0.0		0.0	0.0	VIH1
BC0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BC0
BC2	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BC2
	VC1	1NBA	AACA	S7MB	VA7A	BBM	VIH1	BC0	BC2

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

VIH1	+ 0.72	1NBA
S7MB	+ 0.52	VC1
1NBA	+ 0.51	VC1
S7MB	+ 0.45	AACA
VIH1	+ 0.29	VC1
S7MB	+ 0.26	1NBA

High negative correlations

VIH1	- 0.85	VA7A
VA7A	- 0.8	1NBA
VA7A	- 0.47	VC1
VIH1	- 0.37	AACA
AACA	- 0.31	1NBA
VA7A	- 0.19	S7MB

Risk-Adjusted Indicators

There is a big difference between BOCANA Stock performing well and BOCANA RESOURCES 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 BOCANA RESOURCES'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
VC1	13.55	4.67	0.44	0.89	8.13	(21.00)	31.82	(14.77)	144.40
1NBA	0.97	0.09	0.01	(3.58)	1.19	(1.01)	2.20	(2.09)	5.96
AACA	1.25	0.05	0.00	0.23	1.58	(1.30)	2.70	(2.83)	7.35
S7MB	1.26	0.12	0.02	0.25	2.88	(1.56)	2.00	(2.11)	21.15
VA7A	0.78	(0.15)	0.00	2.65	0.00	0.00	1.71	(1.39)	10.76
BBM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VIH1	0.95	0.27	0.08	(0.60)	0.80	(2.50)	1.99	(2.43)	14.91
BC0	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BC2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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