Antioquia Gold Correlations

AGDXF Stock

USD 0.02 0.01 238.98%

The current 90-days correlation between Antioquia Gold and Blue Star Gold is 0.02 (i.e., Significant diversification). The correlation of Antioquia 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.

Antioquia Gold Correlation With Market

Good diversification

The correlation between Antioquia Gold and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Antioquia Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Antioquia 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 Antioquia 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 Antioquia 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 Antioquia Gold to buy it.

Moving together with Antioquia Pink Sheet

0.87	DIS	Walt Disney Sell-off Trend	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.71	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.72	BAC	Bank of America Aggressive Push	Pair Corr

Moving against Antioquia Pink Sheet

0.61	TLK	Telkom Indonesia Tbk	Pair Corr
0.54	PTAIY	Astra International Tbk	Pair Corr
0.49	GOEVW	Canoo Holdings	Pair Corr
0.49	PIFMF	PT Indofood Sukses	Pair Corr
0.36	CHKEW	Chesapeake Energy Symbol Change	Pair Corr
0.79	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.47	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	PUTKY	United Tractors Tbk	Pair Corr
0.31	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	ARBTF	BAUFF	ANKOF	ADGCF	AUHIF	CNDGF	CTCGF	ASGOF	DNGDF	AGRDF
ARBTF		0.41	0.47	0.0	0.0	0.08	0.46	0.66	-0.18	0.57	ARBTF
BAUFF	0.41		0.69	0.0	0.0	0.76	-0.32	0.21	-0.85	0.87	BAUFF
ANKOF	0.47	0.69		0.0	0.0	0.37	0.01	0.34	-0.65	0.7	ANKOF
ADGCF	0.0	0.0	0.0		1.0	0.0	0.0	0.0	0.0	0.0	ADGCF
AUHIF	0.0	0.0	0.0	1.0		0.0	0.0	0.0	0.0	0.0	AUHIF
CNDGF	0.08	0.76	0.37	0.0	0.0		-0.52	-0.28	-0.66	0.57	CNDGF
CTCGF	0.46	-0.32	0.01	0.0	0.0	-0.52		0.62	0.3	-0.05	CTCGF
ASGOF	0.66	0.21	0.34	0.0	0.0	-0.28	0.62		-0.16	0.46	ASGOF
DNGDF	-0.18	-0.85	-0.65	0.0	0.0	-0.66	0.3	-0.16		-0.75	DNGDF
AGRDF	0.57	0.87	0.7	0.0	0.0	0.57	-0.05	0.46	-0.75		AGRDF
	ARBTF	BAUFF	ANKOF	ADGCF	AUHIF	CNDGF	CTCGF	ASGOF	DNGDF	AGRDF

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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

AUHIF	+ 1.0	ADGCF
AGRDF	+ 0.87	BAUFF
CNDGF	+ 0.76	BAUFF
AGRDF	+ 0.7	ANKOF
ANKOF	+ 0.69	BAUFF
ASGOF	+ 0.66	ARBTF

High negative correlations

DNGDF	- 0.85	BAUFF
AGRDF	- 0.75	DNGDF
DNGDF	- 0.66	CNDGF
DNGDF	- 0.65	ANKOF
CTCGF	- 0.52	CNDGF
CTCGF	- 0.32	BAUFF

Risk-Adjusted Indicators

There is a big difference between Antioquia Pink Sheet performing well and Antioquia Gold 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 Antioquia 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
ARBTF	2.86	0.03	0.00	0.18	3.94	(13.58)	10.44	(9.17)	33.39
BAUFF	1.97	(0.88)	0.00	1.56	0.00	0.00	0.00	0.00	41.61
ANKOF	3.91	(0.09)	(0.01)	0.01	5.62	(11.74)	16.82	(13.17)	55.76
ADGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUHIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CNDGF	1.83	0.03	0.00	0.08	0.00	0.00	0.00	0.00	66.53
CTCGF	7.45	0.99	0.08	(7.00)	7.79	(13.23)	25.00	(16.91)	60.90
ASGOF	1.26	(0.04)	(0.02)	(0.03)	2.30	(3.47)	4.30	(5.56)	18.34
DNGDF	1.35	0.21	0.04	(23.58)	1.61	(1.70)	4.11	(2.39)	9.36
AGRDF	2.93	(1.41)	0.00	1.61	0.00	0.00	0.00	0.00	95.00

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Our tools can tell you how much better you can do entering a position in Antioquia Gold 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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