I 80 Correlations

IAUX Stock  USD 0.62  0.01  1.59%   
The current 90-days correlation between I 80 Gold and Karora Resources is -0.02 (i.e., Good diversification). The correlation of I 80 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. If the correlation is 0, the equities are not correlated; they are entirely random.

I 80 Correlation With Market

Significant diversification

The correlation between I 80 Gold Corp 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 I 80 Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in I 80 Gold Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with IAUX Stock

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  0.88CE CelanesePairCorr
  0.83SA Seabridge GoldPairCorr
  0.74AGI Alamos GoldPairCorr
  0.81BAK Braskem SA ClassPairCorr
  0.66BTG B2Gold CorpPairCorr
  0.85DOW Dow Inc Fiscal Year End 23rd of January 2025 PairCorr
  0.76EGO Eldorado Gold CorpPairCorr
  0.84ERO Ero Copper CorpPairCorr
  0.83HUN HuntsmanPairCorr

Moving against IAUX Stock

  0.72WLKP Westlake ChemicalPairCorr
  0.69WS Worthington SteelPairCorr
  0.64CMC Commercial MetalsPairCorr
  0.63RS Reliance Steel AluminumPairCorr
  0.42AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.38MSB Mesabi TrustPairCorr

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   
ODVWDOFF
SANDFSM
FSMKNTNF
WDOFFMEAUF
MGDPFMEAUF
SANDWDOFF
  
High negative correlations   
WDOFFKRRGF
ODVKRRGF
OSIIFWDOFF
MGDPFTSRMF
ODVOSIIF
KRRGFMEAUF

Risk-Adjusted Indicators

There is a big difference between IAUX Stock performing well and I 80 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 I 80'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KNTNF  2.16  0.29  0.05 (0.81) 2.38 
 5.11 
 22.74 
TSRMF  4.15  0.35  0.05  0.54  3.99 
 7.14 
 26.25 
MEAUF  2.14 (0.12) 0.00  0.80  0.00 
 3.85 
 16.09 
KRRGF  1.69  0.35  0.10 (18.45) 2.00 
 3.44 
 11.18 
MGDPF  2.37 (0.04) 0.00 (0.30) 0.00 
 5.66 
 13.61 
WDOFF  1.91 (0.21) 0.00 (0.31) 0.00 
 4.71 
 13.33 
OSIIF  0.70  0.17  0.00 (0.20) 0.83 
 1.60 
 6.84 
FSM  2.37 (0.07)(0.03) 0.02  3.21 
 4.66 
 17.32 
SAND  1.70 (0.05) 0.00 (0.13) 0.00 
 3.33 
 15.60 
ODV  3.55 (0.14) 0.00 (0.16) 0.00 
 6.90 
 39.97 

I 80 Corporate Management

David SavarieSVP CounselProfile
Curtis TurnerVP ControllerProfile
Jacklynn HuntCorporate SecretaryProfile
Ewan DownieCEO DirectorProfile
Matthew HBCommExecutive DevelopmentProfile
Ryan SnowChief OfficerProfile