White Gold Correlations
| WHGOF Stock | USD 0.14 0.01 6.67% |
The current 90-days correlation between White Gold Corp and Endurance Gold is 0.01 (i.e., Significant diversification). The correlation of White 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.
White Gold Correlation With Market
Average diversification
The correlation between White Gold Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding White Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to White 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 White 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 White 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 White Gold Corp to buy it.
Moving together with White OTC Stock
| 0.75 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.81 | GOLD | Barrick Gold Corp | PairCorr |
| 0.73 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.8 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.75 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.76 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against White OTC Stock
| 0.82 | IONQ | IONQ Inc | PairCorr |
| 0.81 | FUWAF | Furukawa Electric | PairCorr |
| 0.78 | FMCB | Farmers Merchants Bancorp | PairCorr |
| 0.53 | NVDA | NVIDIA | PairCorr |
| 0.83 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.76 | NDAQ | Nasdaq Inc | PairCorr |
| 0.76 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.75 | WMT | Walmart Aggressive Push | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | VRT | Vertiv Holdings | PairCorr |
| 0.63 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.62 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.62 | T | ATT Inc Sell-off Trend | PairCorr |
| 0.58 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.56 | HPQ | HP Inc | PairCorr |
| 0.56 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.47 | HD | Home Depot | PairCorr |
| 0.36 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between White OTC Stock performing well and White 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 White 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUMXF | 2.61 | 0.89 | 0.00 | (1.53) | 0.00 | 4.71 | 57.54 | |||
| ENDGF | 1.97 | (0.11) | 0.00 | 0.40 | 0.00 | 0.00 | 39.09 | |||
| GPTRF | 5.26 | 0.33 | 0.03 | 2.54 | 5.24 | 12.50 | 44.08 | |||
| EQTRF | 3.55 | 0.44 | 0.03 | (0.31) | 4.00 | 8.64 | 36.32 | |||
| RDEXF | 3.78 | 0.31 | 0.03 | 2.98 | 4.38 | 10.00 | 44.63 | |||
| AIRRF | 2.38 | 0.19 | 0.00 | (0.19) | 2.92 | 5.13 | 15.14 | |||
| SIREF | 5.05 | 0.21 | 0.02 | 0.41 | 7.12 | 13.06 | 56.43 | |||
| TETOF | 3.81 | (0.32) | 0.00 | (0.29) | 0.00 | 5.99 | 31.76 | |||
| AGDXF | 2.99 | 1.56 | 0.00 | (0.87) | 0.00 | 0.00 | 100.00 | |||
| CRDOF | 4.86 | 0.76 | 0.09 | (1.84) | 4.30 | 13.33 | 38.50 |
Be your own money manager
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White Gold Corporate Management
Elected by the shareholders, the White Gold's board of directors comprises two types of representatives: White Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of White. The board's role is to monitor White Gold's management team and ensure that shareholders' interests are well served. White Gold'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, White Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Terry PGeo | VP Exploration | Profile | |
| Shawn Ryan | Chief Director | Profile | |
| Sylvester Tresierra | Consultant, Founder | Profile | |
| CGA CPA | CFO Sec | Profile |