Golden Long Term Investments from 2010 to 2024
| AUMN Stock | CAD 0.31 0.03 8.82% |
Long Term Investments | First Reported 2010-12-31 | Previous Quarter 265 K | Current Value 179.7 K | Quarterly Volatility 93.8 K |
Check Golden Minerals financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Golden Minerals' main balance sheet or income statement drivers, such as Depreciation And Amortization of 503.5 K, Interest Expense of 9.4 K or Selling General Administrative of 8.4 M, as well as many indicators such as Price To Sales Ratio of 0.35, Dividend Yield of 0.0 or PTB Ratio of 0.82. Golden financial statements analysis is a perfect complement when working with Golden Minerals Valuation or Volatility modules.
Golden | Long Term Investments |
Pair Trading with Golden Minerals
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Golden Minerals position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Golden Minerals will appreciate offsetting losses from the drop in the long position's value.Moving together with Golden Stock
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.8 | IE | Ivanhoe Energy | PairCorr |
| 0.62 | FDY | Faraday Copper Corp | PairCorr |
Moving against Golden Stock
The ability to find closely correlated positions to Golden Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Golden Minerals 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 Golden Minerals - 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 Golden Minerals to buy it.
The correlation of Golden Minerals 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Golden Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Golden Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Golden Minerals can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Golden Minerals Correlation against competitors. To learn how to invest in Golden Stock, please use our How to Invest in Golden Minerals guide.You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.