Condor Gold Correlations
| CNDGF Stock | USD 0.31 0.06 24.00% |
The current 90-days correlation between Condor Gold Plc and Dynacor Gold Mines is 0.09 (i.e., Significant diversification). The correlation of Condor 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.
Condor Gold Correlation With Market
Significant diversification
The correlation between Condor Gold Plc and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Condor Gold Plc and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Condor 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 Condor 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 Condor 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 Condor Gold Plc to buy it.
Moving together with Condor Pink Sheet
| 0.67 | NCMGF | Newcrest Mining | PairCorr |
| 0.66 | NCMGY | Newcrest Mining | PairCorr |
| 0.64 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Moving against Condor Pink Sheet
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.65 | HD | Home Depot | PairCorr |
| 0.62 | GFI | Gold Fields | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
| 0.6 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.54 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.53 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.49 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.47 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.47 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.46 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.46 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.42 | WPM | Wheaton Precious Metals | PairCorr |
| 0.37 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.37 | WMT | Walmart Aggressive Push | PairCorr |
| 0.31 | AEM | Agnico Eagle Mines | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Condor Pink Sheet performing well and Condor 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 Condor 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGDXF | 2.99 | 1.38 | 0.00 | (10.98) | 0.00 | 0.00 | 100.00 | |||
| CTCGF | 7.45 | 0.65 | 0.07 | 0.38 | 7.79 | 25.00 | 60.90 | |||
| ASGOF | 1.26 | (0.04) | (0.03) | (0.03) | 2.30 | 4.30 | 18.34 | |||
| DNGDF | 1.36 | 0.20 | 0.03 | (9.48) | 1.62 | 4.11 | 9.36 | |||
| AGRDF | 74.66 | 34.23 | 0.00 | 2.18 | 0.00 | 0.00 | 95.00 | |||
| DCCNF | 1.34 | 0.24 | 0.00 | 1.16 | 0.00 | 6.94 | 36.26 | |||
| ARBTF | 2.87 | (0.03) | (0.01) | 0.07 | 3.99 | 10.44 | 33.39 | |||
| ADGCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAUFF | 1.97 | (0.87) | 0.00 | 1.60 | 0.00 | 0.00 | 41.61 | |||
| SVNTF | 1.87 | 0.56 | 0.00 | 16.16 | 0.00 | 0.00 | 65.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Condor 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.Did you try this?
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Condor Gold Corporate Management
| Armando Geol | Geologist | Profile | |
| ACA ACA | Chief Officer | Profile | |
| Mario Castillo | Mang Logistics | Profile | |
| Luc English | Resident Geologist | Profile | |
| Jamil Molina | Environmental Mang | Profile | |
| Andrew Pearce | Chief Officer | Profile |