World Copper Correlations

WCUFF Stock

USD 0.01 0.0009 9.78%

The current 90-days correlation between World Copper and Artemis Resources is 0.06 (i.e., Significant 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

Very good diversification

The correlation between World Copper and DJI is -0.43 (i.e., Very good 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 together with World OTC Stock

0.78	LADX	LadRx	Pair Corr
0.71	LPTV	Loop Media	Pair Corr

Moving against World OTC Stock

0.76	JEF	Jefferies Financial	Pair Corr
0.72	PPBN	Pinnacle Bankshares	Pair Corr
0.72	CVNA	Carvana	Pair Corr
0.65	RKLIF	Rentokil Initial plc	Pair Corr
0.65	UNF	Unifirst	Pair Corr
0.62	FQVLF	First Quantum Minerals Earnings Call This Week	Pair Corr
0.56	KGHPF	KGHM Polska Miedz	Pair Corr
0.56	LAUR	Laureate Education	Pair Corr
0.55	LUNMF	Lundin Mining	Pair Corr
0.55	HL	Hecla Mining	Pair Corr
0.54	CLKXF	TWC Enterprises	Pair Corr
0.53	DCOM	Dime Community Bancshares	Pair Corr
0.52	FCX	Freeport McMoran Copper	Pair Corr
0.51	ANFGF	Antofagasta PLC	Pair Corr
0.5	ATI	Allegheny Technologies	Pair Corr
0.49	CPPKF	Copperbank Resources Corp	Pair Corr
0.47	AMP	Ameriprise Financial	Pair Corr
0.44	NFYEF	NFI Group	Pair Corr
0.41	BKV	BKV Corporation	Pair Corr
0.39	RBA	RB Global	Pair Corr
0.39	APPM	Apparel Manufacturing	Pair Corr
0.33	NC	NACCO Industries	Pair Corr
0.78	MNRO	Monro Muffler Brake	Pair Corr
0.69	ALIZF	Allianz SE	Pair Corr
0.69	GLWLF	Glow Lifetech Corp	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.61	BFH	Bread Financial Holdings	Pair Corr
0.6	UDR	UDR Inc Earnings Call This Week	Pair Corr
0.59	SCBFY	Standard Chartered PLC	Pair Corr
0.59	CMI	Cummins	Pair Corr
0.55	KRG	Kite Realty Group	Pair Corr
0.54	TCBI	Texas Capital Bancshares	Pair Corr
0.52	TFII	TFI International Earnings Call Tomorrow	Pair Corr
0.5	FRBA	First Bank	Pair Corr

Related Correlations Analysis

	TRBMF	STLNF	AUTR	GBRRF	TSLVF	ARTTF	SRCGF	MISVF	USCUF	NKOSF
TRBMF		0.25	-0.13	0.13	0.1	-0.18	0.68	0.27	0.36	0.12	TRBMF
STLNF	0.25		-0.07	-0.35	-0.62	0.1	0.06	-0.4	-0.45	-0.43	STLNF
AUTR	-0.13	-0.07		-0.07	0.06	0.36	-0.09	0.03	-0.08	0.16	AUTR
GBRRF	0.13	-0.35	-0.07		0.7	-0.08	0.27	0.49	0.6	0.39	GBRRF
TSLVF	0.1	-0.62	0.06	0.7		-0.1	0.33	0.76	0.78	0.64	TSLVF
ARTTF	-0.18	0.1	0.36	-0.08	-0.1		-0.27	-0.36	-0.43	0.08	ARTTF
SRCGF	0.68	0.06	-0.09	0.27	0.33	-0.27		0.63	0.63	0.33	SRCGF
MISVF	0.27	-0.4	0.03	0.49	0.76	-0.36	0.63		0.89	0.6	MISVF
USCUF	0.36	-0.45	-0.08	0.6	0.78	-0.43	0.63	0.89		0.55	USCUF
NKOSF	0.12	-0.43	0.16	0.39	0.64	0.08	0.33	0.6	0.55		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	+ 0.89	MISVF
USCUF	+ 0.78	TSLVF
MISVF	+ 0.76	TSLVF
TSLVF	+ 0.7	GBRRF
SRCGF	+ 0.68	TRBMF
NKOSF	+ 0.64	TSLVF

High negative correlations

TSLVF	- 0.62	STLNF
USCUF	- 0.45	STLNF
USCUF	- 0.43	ARTTF
NKOSF	- 0.43	STLNF
MISVF	- 0.4	STLNF
MISVF	- 0.36	ARTTF

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	3.86	0.22	0.02	(1.11)	3.88	(10.02)	13.48	(9.20)	28.04
STLNF	4.74	0.09	0.01	0.16	6.22	(6.99)	11.54	(7.69)	45.85
AUTR	5.01	1.95	0.11	(0.72)	4.85	(15.54)	9.38	(5.63)	121.67
GBRRF	5.67	0.22	0.06	0.14	5.42	(11.53)	14.08	(9.42)	94.32
TSLVF	4.12	0.34	0.05	0.84	4.46	(5.80)	15.79	(8.33)	34.28
ARTTF	15.02	2.92	0.09	1.43	14.92	(52.67)	57.50	(41.67)	162.44
SRCGF	10.20	3.75	0.37	(1.29)	7.65	(14.37)	28.00	(14.00)	98.16
MISVF	4.55	0.90	0.14	1.98	4.01	(8.10)	11.54	(7.14)	57.06
USCUF	7.48	0.96	0.11	(3.23)	6.66	(9.74)	18.41	(12.12)	48.88
NKOSF	1.38	0.10	0.02	0.18	1.94	(5.24)	6.52	(3.41)	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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