OAR RESOURCES Correlations

F1S Stock

EUR 0.03 0 4.08%

The current 90-days correlation between OAR RESOURCES LTD and American Lithium Corp is -0.04 (i.e., Good diversification). The correlation of OAR RESOURCES 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.

OAR RESOURCES Correlation With Market

Good diversification

The correlation between OAR RESOURCES LTD and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding OAR RESOURCES LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against OAR Stock

0.41	DBPD	Xtrackers ShortDAX	Pair Corr
0.32	LGLG	LG Electronics	Pair Corr

Related Correlations Analysis

	5LA1	3FNA	8SP	2DG	RS6	XYTA	9K1	3RKU	VUSA	MEL
5LA1		0.62	-0.39	-0.3	0.32	0.67	0.12	-0.23	0.33	0.17	5LA1
3FNA	0.62		-0.67	-0.61	0.62	0.48	-0.45	0.16	0.69	0.57	3FNA
8SP	-0.39	-0.67		0.7	-0.73	-0.3	0.47	-0.2	-0.69	-0.66	8SP
2DG	-0.3	-0.61	0.7		-0.89	-0.19	0.77	-0.68	-0.93	-0.76	2DG
RS6	0.32	0.62	-0.73	-0.89		0.18	-0.74	0.61	0.94	0.68	RS6
XYTA	0.67	0.48	-0.3	-0.19	0.18		0.14	-0.2	0.24	0.15	XYTA
9K1	0.12	-0.45	0.47	0.77	-0.74	0.14		-0.86	-0.83	-0.68	9K1
3RKU	-0.23	0.16	-0.2	-0.68	0.61	-0.2	-0.86		0.7	0.49	3RKU
VUSA	0.33	0.69	-0.69	-0.93	0.94	0.24	-0.83	0.7		0.76	VUSA
MEL	0.17	0.57	-0.66	-0.76	0.68	0.15	-0.68	0.49	0.76		MEL
	5LA1	3FNA	8SP	2DG	RS6	XYTA	9K1	3RKU	VUSA	MEL

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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

VUSA	+ 0.94	RS6
9K1	+ 0.77	2DG
MEL	+ 0.76	VUSA
2DG	+ 0.7	8SP
VUSA	+ 0.7	3RKU
VUSA	+ 0.69	3FNA

High negative correlations

VUSA	- 0.93	2DG
RS6	- 0.89	2DG
3RKU	- 0.86	9K1
VUSA	- 0.83	9K1
MEL	- 0.76	2DG
9K1	- 0.74	RS6

Risk-Adjusted Indicators

There is a big difference between OAR Stock performing well and OAR RESOURCES 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 OAR RESOURCES'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
5LA1	6.91	0.65	0.08	0.58	7.84	(9.55)	16.67	(11.25)	61.90
3FNA	2.79	0.40	0.09	1.30	3.44	(3.23)	6.67	(4.69)	20.90
8SP	2.10	(0.25)	0.00	(0.16)	0.00	0.00	3.36	(4.50)	20.22
2DG	5.26	(0.43)	0.00	0.47	0.00	0.00	13.33	(10.00)	52.42
RS6	1.33	0.07	0.11	0.12	1.16	(1.53)	2.94	(2.03)	13.65
XYTA	11.55	3.72	0.13	2.19	8.11	(58.33)	33.33	(20.00)	233.33
9K1	1.72	(0.49)	0.00	(0.65)	0.00	0.00	2.94	(4.66)	14.80
3RKU	1.54	0.45	0.21	4.55	1.25	(2.12)	3.31	(2.40)	9.54
VUSA	0.56	0.17	0.11	1.05	0.50	(0.62)	1.19	(1.04)	6.02
MEL	1.16	0.21	0.11	1.28	1.05	(1.38)	3.33	(1.78)	7.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in OAR RESOURCES 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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OAR RESOURCES Corporate Management

Elected by the shareholders, the OAR RESOURCES's board of directors comprises two types of representatives: OAR RESOURCES inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OAR. The board's role is to monitor OAR RESOURCES's management team and ensure that shareholders' interests are well served. OAR RESOURCES'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, OAR RESOURCES's outside directors are responsible for providing unbiased perspectives on the board's policies.

Joseph Elsen	Non-Executive Director	Profile
David Vilensky	Non-Executive Director	Profile
Christopher Gale	Executive Chairman of the Board	Profile
Yugi Gouw	Company Secretary	Profile

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