Freegold Ventures Correlations
| FGOVF Stock | USD 0.48 0.02 4.00% |
The current 90-days correlation between Freegold Ventures and Puma Exploration is 0.11 (i.e., Average diversification). The correlation of Freegold Ventures 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.
Freegold Ventures Correlation With Market
Average diversification
The correlation between Freegold Ventures Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freegold Ventures Limited and DJI in the same portfolio, assuming nothing else is changed.
Freegold |
The ability to find closely correlated positions to Freegold Ventures could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Freegold Ventures 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 Freegold Ventures - 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 Freegold Ventures Limited to buy it.
Moving together with Freegold OTC Stock
| 0.75 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.71 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.79 | GOEVW | Canoo Holdings | PairCorr |
| 0.95 | PPERY | Bank Mandiri Persero Normal Trading | PairCorr |
| 0.87 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.73 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.97 | BKRKY | Bank Rakyat Normal Trading | PairCorr |
| 0.86 | PBCRY | Bank Central Asia | PairCorr |
| 0.81 | PBCRF | PT Bank Central | PairCorr |
| 0.86 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.88 | SHG | Shinhan Financial | PairCorr |
| 0.76 | WF | Woori Financial Group | PairCorr |
Moving against Freegold OTC Stock
| 0.77 | ATCOL | Atlas Corp | PairCorr |
| 0.76 | ASTSW | AST SpaceMobile | PairCorr |
| 0.65 | GCMGW | GCM Grosvenor | PairCorr |
| 0.54 | PCTTW | PureCycle Technologies | PairCorr |
| 0.5 | MAPSW | WM Technology | PairCorr |
| 0.94 | RELY | Remitly Global | PairCorr |
| 0.92 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.87 | DMRC | Digimarc | PairCorr |
| 0.86 | TGTX | TG Therapeutics | PairCorr |
| 0.84 | PETS | PetMed Express | PairCorr |
| 0.72 | BSIG | Brightsphere Investment | PairCorr |
| 0.66 | GM | General Motors Aggressive Push | PairCorr |
| 0.59 | M | Macys Inc | PairCorr |
| 0.44 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.91 | PWOD | Penns Woods Bancorp | PairCorr |
| 0.9 | SAPMF | Saipem SpA | PairCorr |
| 0.89 | MAR | Marriott International | PairCorr |
| 0.88 | AS | Amer Sports, | 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 Freegold OTC Stock performing well and Freegold Ventures OTC Stock 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 Freegold Ventures' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUMXF | 3.02 | 0.30 | 0.00 | 0.32 | 0.00 | 16.67 | 71.82 | |||
| SXNTF | 12.27 | 3.16 | 0.09 | 25.06 | 14.97 | 23.81 | 237.69 | |||
| RDEXF | 2.67 | (0.18) | 0.00 | (1.03) | 0.00 | 8.89 | 21.36 | |||
| EQTRF | 4.23 | 0.41 | 0.06 | (0.71) | 4.59 | 16.65 | 36.32 | |||
| ENDGF | 1.27 | (0.52) | 0.00 | (0.51) | 0.00 | 0.00 | 20.00 | |||
| LRDJF | 4.97 | 0.74 | 0.04 | 0.67 | 6.98 | 23.93 | 103.05 | |||
| YGTFF | 4.20 | 0.24 | 0.03 | (0.44) | 5.31 | 11.03 | 42.76 | |||
| KDKGF | 3.23 | 0.02 | 0.00 | 0.01 | 5.60 | 20.00 | 45.00 | |||
| WHGOF | 3.55 | (0.30) | 0.00 | (0.41) | 0.00 | 6.67 | 28.10 |
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