Freeman Gold Correlations

FMANF Stock

USD 0.07 0 4.05%

The current 90-days correlation between Freeman Gold Corp and Blue Star Gold is 0.11 (i.e., Average diversification). The correlation of Freeman 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.

Freeman Gold Correlation With Market

Average diversification

The correlation between Freeman Gold Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Freeman Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Freeman 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 Freeman 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 Freeman 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 Freeman Gold Corp to buy it.

Moving together with Freeman OTC Stock

0.66	GFI	Gold Fields	Pair Corr
0.72	KB	KB Financial Group	Pair Corr
0.63	MET	MetLife Sell-off Trend	Pair Corr
0.67	JXN-PA	Jackson Financial	Pair Corr
0.67	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.61	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr

Moving against Freeman OTC Stock

0.64	NCMGF	Newcrest Mining	Pair Corr
0.64	NCMGY	Newcrest Mining	Pair Corr
0.61	BKRKY	Bank Rakyat	Pair Corr
0.53	PPERF	Bank Mandiri Persero	Pair Corr
0.49	PPERY	Bank Mandiri Persero	Pair Corr
0.47	BKRKF	PT Bank Rakyat	Pair Corr
0.47	SHG	Shinhan Financial	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.38	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.38	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.37	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	ADGCF	AGRDF	BAUFF	ANKOF	ARBTF	AURQF	CJCFF	ORSUF	THXPF	EVLLF
ADGCF		0.0	0.0	0.0	0.0	1.0	0.0	1.0	0.0	0.0	ADGCF
AGRDF	0.0		0.82	0.65	0.56	0.0	-0.48	0.0	0.12	0.04	AGRDF
BAUFF	0.0	0.82		0.69	0.38	0.0	-0.49	0.0	-0.03	0.08	BAUFF
ANKOF	0.0	0.65	0.69		0.5	0.0	-0.55	0.0	-0.07	0.02	ANKOF
ARBTF	0.0	0.56	0.38	0.5		0.0	-0.71	0.0	0.19	0.14	ARBTF
AURQF	1.0	0.0	0.0	0.0	0.0		0.0	1.0	0.0	0.0	AURQF
CJCFF	0.0	-0.48	-0.49	-0.55	-0.71	0.0		0.0	-0.08	-0.27	CJCFF
ORSUF	1.0	0.0	0.0	0.0	0.0	1.0	0.0		0.0	0.0	ORSUF
THXPF	0.0	0.12	-0.03	-0.07	0.19	0.0	-0.08	0.0		-0.13	THXPF
EVLLF	0.0	0.04	0.08	0.02	0.14	0.0	-0.27	0.0	-0.13		EVLLF
	ADGCF	AGRDF	BAUFF	ANKOF	ARBTF	AURQF	CJCFF	ORSUF	THXPF	EVLLF

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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

AURQF	+ 1.0	ADGCF
ORSUF	+ 1.0	ADGCF
ORSUF	+ 1.0	AURQF
BAUFF	+ 0.82	AGRDF
ANKOF	+ 0.69	BAUFF
ANKOF	+ 0.65	AGRDF

High negative correlations

CJCFF	- 0.71	ARBTF
CJCFF	- 0.55	ANKOF
CJCFF	- 0.49	BAUFF
CJCFF	- 0.48	AGRDF
EVLLF	- 0.27	CJCFF
EVLLF	- 0.13	THXPF

Risk-Adjusted Indicators

There is a big difference between Freeman OTC Stock performing well and Freeman Gold 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 Freeman 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
ADGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGRDF	74.66	34.23	0.00	2.18	0.00	0.00	0.00	0.00	95.00
BAUFF	1.97	(0.95)	0.00	(24.45)	0.00	0.00	0.00	0.00	41.61
ANKOF	3.91	0.01	(0.01)	(0.18)	5.62	(11.74)	16.82	(13.17)	55.76
ARBTF	2.87	(0.03)	(0.01)	0.07	3.99	(13.58)	10.44	(9.17)	33.39
AURQF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CJCFF	1.49	0.17	0.00	0.17	0.00	0.00	0.00	0.00	50.00
ORSUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THXPF	4.20	0.53	0.02	(0.28)	5.23	(14.24)	15.00	(12.50)	50.00
EVLLF	13.88	1.72	0.06	(0.44)	13.04	(26.79)	37.50	(27.27)	90.00

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