World Copper Correlations

WCUFF Stock

USD 0.01 0.0007 12.28%

The current 90-days correlation between World Copper and Artemis Resources is 0.1 (i.e., Average diversification). The correlation of World Copper 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.

World Copper Correlation With Market

Significant diversification

The correlation between World Copper and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding World Copper and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against World OTC Stock

0.82	EXCE	EXCO Resources	Pair Corr
0.81	PPERY	Bank Mandiri Persero	Pair Corr
0.78	KB	KB Financial Group	Pair Corr
0.69	SHG	Shinhan Financial	Pair Corr
0.64	WF	Woori Financial Group	Pair Corr
0.59	KGHPF	KGHM Polska Miedz	Pair Corr
0.52	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.51	FCX	Freeport McMoran Copper Earnings Call This Week	Pair Corr
0.46	LUNMF	Lundin Mining	Pair Corr
0.83	GOOGL	Alphabet Class A Sell-off Trend	Pair Corr
0.82	PRAA	PRA Group	Pair Corr
0.79	DX	Dynex Capital	Pair Corr
0.76	OSCI	Osceola Gold	Pair Corr
0.72	ENVA	Enova International	Pair Corr
0.7	FER	Ferrovial SE Sell-off Trend	Pair Corr
0.69	APPN	Appian Corp	Pair Corr
0.65	NMR	Nomura Holdings ADR	Pair Corr
0.65	GPAEF	Grupo Aeroportuario del	Pair Corr
0.61	ECRFF	Cartier Resources	Pair Corr
0.6	AMKR	Amkor Technology	Pair Corr
0.59	ADI	Analog Devices	Pair Corr
0.57	IOVA	Iovance Biotherapeutics	Pair Corr
0.48	JXN-PA	Jackson Financial	Pair Corr
0.39	ESLT	Elbit Systems	Pair Corr
0.34	MITK	Mitek Systems Earnings Call This Week	Pair Corr
0.84	SPG	Simon Property Group	Pair Corr
0.8	NLY	Annaly Capital Management	Pair Corr
0.8	TWLO	Twilio Inc Downward Rally	Pair Corr
0.79	RHHBY	Roche Holding	Pair Corr
0.78	NHI	National Health Investors	Pair Corr
0.76	FBLA	FB Bancorp Common	Pair Corr

Related Correlations Analysis

	TRBMF	STLNF	AUTR	GBRRF	TSLVF	ARTTF	SRCGF	MISVF	USCUF	NKOSF
TRBMF		0.47	-0.2	0.04	-0.23	-0.22	0.11	-0.44	-0.25	-0.4	TRBMF
STLNF	0.47		0.01	-0.27	-0.61	-0.12	-0.05	-0.63	-0.54	-0.63	STLNF
AUTR	-0.2	0.01		-0.09	0.05	0.28	0.05	0.05	-0.09	0.24	AUTR
GBRRF	0.04	-0.27	-0.09		0.67	-0.11	0.38	0.37	0.53	0.28	GBRRF
TSLVF	-0.23	-0.61	0.05	0.67		0.02	0.21	0.77	0.78	0.59	TSLVF
ARTTF	-0.22	-0.12	0.28	-0.11	0.02		-0.21	-0.14	-0.32	0.27	ARTTF
SRCGF	0.11	-0.05	0.05	0.38	0.21	-0.21		0.05	0.11	0.19	SRCGF
MISVF	-0.44	-0.63	0.05	0.37	0.77	-0.14	0.05		0.81	0.5	MISVF
USCUF	-0.25	-0.54	-0.09	0.53	0.78	-0.32	0.11	0.81		0.39	USCUF
NKOSF	-0.4	-0.63	0.24	0.28	0.59	0.27	0.19	0.5	0.39		NKOSF
	TRBMF	STLNF	AUTR	GBRRF	TSLVF	ARTTF	SRCGF	MISVF	USCUF	NKOSF

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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

USCUF	+ 0.81	MISVF
USCUF	+ 0.78	TSLVF
MISVF	+ 0.77	TSLVF
TSLVF	+ 0.67	GBRRF
NKOSF	+ 0.59	TSLVF
USCUF	+ 0.53	GBRRF

High negative correlations

NKOSF	- 0.63	STLNF
MISVF	- 0.63	STLNF
TSLVF	- 0.61	STLNF
USCUF	- 0.54	STLNF
MISVF	- 0.44	TRBMF
NKOSF	- 0.4	TRBMF

Risk-Adjusted Indicators

There is a big difference between World OTC Stock performing well and World Copper 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 World Copper'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
TRBMF	3.88	0.02	(0.01)	0.16	4.02	(8.67)	13.48	(7.21)	26.85
STLNF	4.37	(0.25)	0.00	(0.03)	0.00	0.00	11.11	(7.69)	45.85
AUTR	6.43	0.88	0.04	0.50	9.87	(17.75)	22.41	(18.31)	121.67
GBRRF	5.74	0.15	0.06	0.15	5.44	(13.29)	14.08	(11.62)	91.69
TSLVF	4.62	0.72	0.08	(0.46)	4.82	(5.81)	17.51	(7.69)	34.28
ARTTF	16.49	3.38	0.10	0.87	15.54	(55.01)	57.50	(41.67)	162.44
SRCGF	8.19	2.45	0.26	(0.73)	6.60	(11.46)	23.27	(12.20)	51.26
MISVF	4.76	1.44	0.19	(1.00)	3.72	(8.78)	11.54	(8.33)	52.63
USCUF	6.51	1.11	0.19	1.01	5.31	(9.16)	18.18	(9.09)	52.42
NKOSF	2.50	0.16	0.01	2.39	3.14	(5.63)	7.59	(6.17)	20.91

Be your own money manager

Our tools can tell you how much better you can do entering a position in World Copper 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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World Copper Corporate Management

Elected by the shareholders, the World Copper's board of directors comprises two types of representatives: World Copper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of World. The board's role is to monitor World Copper's management team and ensure that shareholders' interests are well served. World Copper'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, World Copper's outside directors are responsible for providing unbiased perspectives on the board's policies.

John PGeo	Chief Geologist	Profile
CPA CGA	Chief Officer	Profile
Nolan Peterson	CEO Pres	Profile
Marla Ritchie	Co Sec	Profile

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