Verde Resources Correlations

VRDR Stock

USD 0.04 0 8.16%

The current 90-days correlation between Verde Resources and Augusta Gold Corp is -0.25 (i.e., Very good diversification). The correlation of Verde 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Verde Resources Correlation With Market

Pay attention - limited upside

The correlation between Verde Resources and DJI is -0.75 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verde Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Verde 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 Verde 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 Verde 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 Verde Resources to buy it.

Moving together with Verde OTC Stock

0.76	PBCRY	Bank Central Asia	Pair Corr
0.66	HPQ	HP Inc	Pair Corr

Moving against Verde OTC Stock

0.89	JPSTF	JAPAN POST BANK	Pair Corr
0.81	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.8	WPM	Wheaton Precious Metals	Pair Corr
0.8	AU	AngloGold Ashanti plc	Pair Corr
0.78	KGC	Kinross Gold	Pair Corr
0.74	GFI	Gold Fields	Pair Corr
0.73	MZHOF	Mizuho Financial Earnings Call This Week	Pair Corr
0.71	MBFJF	Mitsubishi UFJ Financial Earnings Call This Week	Pair Corr
0.7	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.68	ZIJMY	Zijin Mining Group	Pair Corr
0.67	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr
0.66	AEM	Agnico Eagle Mines	Pair Corr
0.65	ZIJMF	Zijin Mining Group	Pair Corr
0.9	WMT	Walmart Common Stock	Pair Corr
0.87	MRK	Merck Company Earnings Call This Week	Pair Corr
0.8	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.67	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.61	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.59	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.51	AXP	American Express Earnings Call Today	Pair Corr
0.45	INTC	Intel	Pair Corr
0.35	KO	Coca Cola Aggressive Push	Pair Corr
0.34	CVX	Chevron Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	FFOXF	CBGZF	AUGG	BSXGF	PAFRY	OROXF	GPACF	TTTNF	AIRRF	SNGCF
FFOXF		-0.63	-0.27	-0.46	-0.23	0.06	0.17	-0.13	-0.19	0.47	FFOXF
CBGZF	-0.63		0.02	0.9	0.73	0.6	0.5	0.74	0.76	-0.08	CBGZF
AUGG	-0.27	0.02		-0.11	-0.08	-0.23	-0.17	-0.22	-0.09	-0.09	AUGG
BSXGF	-0.46	0.9	-0.11		0.88	0.73	0.66	0.85	0.9	0.07	BSXGF
PAFRY	-0.23	0.73	-0.08	0.88		0.83	0.72	0.89	0.92	0.17	PAFRY
OROXF	0.06	0.6	-0.23	0.73	0.83		0.83	0.89	0.81	0.29	OROXF
GPACF	0.17	0.5	-0.17	0.66	0.72	0.83		0.79	0.73	0.41	GPACF
TTTNF	-0.13	0.74	-0.22	0.85	0.89	0.89	0.79		0.87	0.1	TTTNF
AIRRF	-0.19	0.76	-0.09	0.9	0.92	0.81	0.73	0.87		0.26	AIRRF
SNGCF	0.47	-0.08	-0.09	0.07	0.17	0.29	0.41	0.1	0.26		SNGCF
	FFOXF	CBGZF	AUGG	BSXGF	PAFRY	OROXF	GPACF	TTTNF	AIRRF	SNGCF

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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	+ 0.92	PAFRY
BSXGF	+ 0.9	CBGZF
AIRRF	+ 0.9	BSXGF
TTTNF	+ 0.89	PAFRY
TTTNF	+ 0.89	OROXF
PAFRY	+ 0.88	BSXGF

High negative correlations

CBGZF	- 0.63	FFOXF
BSXGF	- 0.46	FFOXF
AUGG	- 0.27	FFOXF
OROXF	- 0.23	AUGG
PAFRY	- 0.23	FFOXF
TTTNF	- 0.22	AUGG

Risk-Adjusted Indicators

There is a big difference between Verde OTC Stock performing well and Verde Resources 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 Verde Resources' 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
FFOXF	4.16	0.24	0.03	0.71	4.33	(7.13)	11.11	(8.11)	25.40
CBGZF	3.24	0.31	0.09	0.23	2.94	(4.52)	8.89	(5.08)	18.55
AUGG	0.57	0.00	(0.04)	0.03	0.61	(1.12)	1.67	(0.83)	4.11
BSXGF	4.43	1.24	0.17	1.28	4.82	(6.72)	14.71	(5.41)	43.08
PAFRY	2.14	0.77	0.14	1.62	1.35	(7.80)	8.15	(3.72)	34.56
OROXF	6.76	1.25	0.13	1.91	7.64	(8.49)	17.24	(13.16)	45.45
GPACF	2.80	0.67	0.00	0.49	0.00	0.00	9.38	0.00	52.91
TTTNF	2.64	1.08	0.00	3.72	0.00	0.00	9.09	0.00	20.69
AIRRF	2.64	0.68	0.17	0.57	2.99	(3.40)	6.48	(5.19)	19.76
SNGCF	2.99	(0.16)	0.00	(0.03)	0.00	0.00	5.56	(5.26)	21.11

Be your own money manager

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