MONGOLIAN MINING Correlations
| 29X2 Stock | EUR 0.93 0.02 2.11% |
The current 90-days correlation between MONGOLIAN MINING CRPREGS and HF SINCLAIR P is 0.22 (i.e., Modest diversification). The correlation of MONGOLIAN MINING 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.
MONGOLIAN MINING Correlation With Market
Weak diversification
The correlation between MONGOLIAN MINING CRPREGS and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MONGOLIAN MINING CRPREGS and DJI in the same portfolio, assuming nothing else is changed.
MONGOLIAN |
The ability to find closely correlated positions to MONGOLIAN MINING could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MONGOLIAN MINING 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 MONGOLIAN MINING - 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 MONGOLIAN MINING CRPREGS to buy it.
Moving together with MONGOLIAN Stock
| 0.8 | NWW | MONGOLIA ENERG HD | PairCorr |
| 0.8 | SWTF | Intouch Holdings Public | PairCorr |
| 0.72 | E908 | Lyxor 1 | PairCorr |
| 0.8 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against MONGOLIAN Stock
| 0.83 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.81 | OS3 | Otello ASA | PairCorr |
| 0.73 | HHX | HAMMONIA Schiffsholding | PairCorr |
| 0.68 | D7GA | NEL ASA ADR30 | PairCorr |
| 0.65 | 0QE | CORONGLRES CDIS/10/1 | PairCorr |
| 0.62 | LYV | Lundin Energy AB | PairCorr |
Related Correlations Analysis
| -0.58 | 0.14 | 0.0 | -0.2 | -0.37 | -0.54 | HL80 | ||
| -0.58 | 0.19 | 0.0 | 0.76 | 0.86 | 0.92 | 8A2 | ||
| 0.14 | 0.19 | 0.0 | 0.5 | 0.38 | 0.32 | 52SA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | BOQ | ||
| -0.2 | 0.76 | 0.5 | 0.0 | 0.93 | 0.87 | WN6 | ||
| -0.37 | 0.86 | 0.38 | 0.0 | 0.93 | 0.95 | FRI | ||
| -0.54 | 0.92 | 0.32 | 0.0 | 0.87 | 0.95 | ALK | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between MONGOLIAN Stock performing well and MONGOLIAN MINING Company 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 MONGOLIAN MINING'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HL80 | 1.47 | (0.31) | 0.00 | (0.16) | 0.00 | 2.15 | 10.87 | |||
| 8A2 | 1.28 | 0.35 | 0.11 | (1.14) | 1.37 | 3.64 | 12.50 | |||
| 52SA | 1.39 | 0.18 | 0.05 | 2.43 | 1.36 | 3.38 | 7.84 | |||
| BOQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WN6 | 1.07 | 0.20 | 0.05 | (2.19) | 1.04 | 2.73 | 6.24 | |||
| FRI | 1.50 | 0.48 | 0.27 | 0.76 | 1.11 | 4.15 | 10.42 | |||
| ALK | 1.66 | 0.55 | 0.36 | 0.63 | 1.01 | 3.88 | 11.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MONGOLIAN MINING 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.Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
MONGOLIAN MINING Corporate Management
Elected by the shareholders, the MONGOLIAN MINING's board of directors comprises two types of representatives: MONGOLIAN MINING inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MONGOLIAN. The board's role is to monitor MONGOLIAN MINING's management team and ensure that shareholders' interests are well served. MONGOLIAN MINING'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, MONGOLIAN MINING's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Yuet Cheung | Company Secretary | Profile | |
| Uurtsaikh Dorjgotov | Executive Vice President Chief Legal Counsel | Profile | |
| Tze Chan | Independent Non-Executive Director | Profile | |
| Gary Ballantine | Executive General Manager - Exploration and Geology | Profile | |
| Chuluundorj Khashchuluun | Independent Non-Executive Director | Profile |