Loncor Resources Correlations
| LN Stock | CAD 0.48 0.02 4.35% |
The current 90-days correlation between Loncor Resources and Xtra Gold Resources Corp is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Loncor Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Loncor Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Loncor Resources Correlation With Market
Good diversification
The correlation between Loncor Resources 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 Loncor Resources and DJI in the same portfolio, assuming nothing else is changed.
Loncor |
The ability to find closely correlated positions to Loncor 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 Loncor 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 Loncor 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 Loncor Resources to buy it.
Moving together with Loncor Stock
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| 0.72 | AMZN | Amazon CDR | PairCorr |
| 0.69 | TSLA | Tesla Inc CDR | PairCorr |
| 0.83 | GOOG | Alphabet CDR | PairCorr |
| 0.67 | JPM | JPMorgan Chase | PairCorr |
Moving against Loncor Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Loncor 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.Did you try this?
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Loncor Resources Corporate Management
Elected by the shareholders, the Loncor Resources' board of directors comprises two types of representatives: Loncor Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Loncor. The board's role is to monitor Loncor Resources' management team and ensure that shareholders' interests are well served. Loncor Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Loncor Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Geoffrey Farr | General Counsel, Corporate Secretary | Profile | |
| Jacob Graber | President, Officer | Profile | |
| Howard Fall | Exploration Manager | Profile | |
| Donat Madilo | Chief Officer | Profile | |
| Fabrice Matheys | Gen DRC | Profile | |
| David Esq | Corp Counsel | Profile |