Brunswick Exploration Correlations

BRWXF Stock

USD 0.10 0.02 16.67%

The current 90-days correlation between Brunswick Exploration and US Gold Corp is -0.07 (i.e., Good diversification). The correlation of Brunswick Exploration 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.

Brunswick Exploration Correlation With Market

Significant diversification

The correlation between Brunswick Exploration and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunswick Exploration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brunswick Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brunswick Exploration 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 Brunswick Exploration - 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 Brunswick Exploration to buy it.

Moving together with Brunswick Pink Sheet

0.64	ZIJMF	Zijin Mining Group	Pair Corr
0.66	GFI	Gold Fields	Pair Corr

Moving against Brunswick Pink Sheet

0.66	NCMGY	Newcrest Mining	Pair Corr
0.63	NCMGF	Newcrest Mining	Pair Corr
0.38	SOUN	SoundHound AI Trending	Pair Corr
0.35	BBAI	BigBearai Holdings Tech Boost	Pair Corr
0.33	LUNR	Intuitive Machines	Pair Corr

Related Correlations Analysis

	RVLGF	GAU	USAU	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7
RVLGF		0.84	-0.33	-0.04	-0.28	-0.08	-0.56	-0.62	-0.45	-0.09	RVLGF
GAU	0.84		-0.21	0.02	-0.16	-0.22	-0.61	-0.72	-0.32	-0.16	GAU
USAU	-0.33	-0.21		-0.44	0.14	0.28	0.47	0.17	0.84	-0.1	USAU
444859BR2	-0.04	0.02	-0.44		0.03	-0.46	-0.34	-0.07	-0.37	-0.06	444859BR2
BRRAY	-0.28	-0.16	0.14	0.03		-0.1	0.13	0.07	0.29	-0.24	BRRAY
MSTSX	-0.08	-0.22	0.28	-0.46	-0.1		0.65	0.35	0.08	0.19	MSTSX
LBHIX	-0.56	-0.61	0.47	-0.34	0.13	0.65		0.61	0.5	0.13	LBHIX
ABHYX	-0.62	-0.72	0.17	-0.07	0.07	0.35	0.61		0.14	0.33	ABHYX
VIASP	-0.45	-0.32	0.84	-0.37	0.29	0.08	0.5	0.14		-0.21	VIASP
144285AL7	-0.09	-0.16	-0.1	-0.06	-0.24	0.19	0.13	0.33	-0.21		144285AL7
	RVLGF	GAU	USAU	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

GAU	+ 0.84	RVLGF
VIASP	+ 0.84	USAU
LBHIX	+ 0.65	MSTSX
ABHYX	+ 0.61	LBHIX
VIASP	+ 0.5	LBHIX
LBHIX	+ 0.47	USAU

High negative correlations

ABHYX	- 0.72	GAU
ABHYX	- 0.62	RVLGF
LBHIX	- 0.61	GAU
LBHIX	- 0.56	RVLGF
MSTSX	- 0.46	444859BR2
VIASP	- 0.45	RVLGF

Risk-Adjusted Indicators

There is a big difference between Brunswick Pink Sheet performing well and Brunswick Exploration 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 Brunswick Exploration'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
RVLGF	2.48	(0.03)	0.00	(0.15)	0.00	0.00	5.26	(4.76)	18.61
GAU	2.56	0.11	(0.02)	(0.07)	2.84	(2.87)	5.26	(4.47)	19.71
USAU	2.89	0.54	0.12	(1.74)	2.78	(3.27)	9.02	(5.75)	19.63
444859BR2	1.39	(0.04)	0.00	10.36	0.00	0.00	5.93	(5.79)	16.62
BRRAY	2.23	0.43	0.00	0.75	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.24)	0.07	0.26	(0.23)	0.34	(0.33)	1.91
VIASP	0.76	0.12	0.00	(1.56)	1.12	(0.82)	2.28	(1.20)	7.18
144285AL7	0.34	(0.03)	0.00	(0.16)	0.00	0.00	0.96	(0.95)	2.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Brunswick Exploration 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 Investing Opportunities Now

Investing Opportunities

Build portfolios using our predefined set of ideas and optimize them against your investing preferences

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC