Moneta Gold Correlations
| MEAUFDelisted Stock | USD 0.81 0.00 0.00% |
The current 90-days correlation between Moneta Gold and Liberty Gold Corp is 0.05 (i.e., Significant diversification). The correlation of Moneta 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.
Moneta Gold Correlation With Market
Good diversification
The correlation between Moneta Gold and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Moneta Gold and DJI in the same portfolio, assuming nothing else is changed.
Moneta |
The ability to find closely correlated positions to Moneta 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 Moneta 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 Moneta 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 Moneta Gold to buy it.
Moving together with Moneta OTC Stock
| 0.73 | NCMGF | Newcrest Mining | PairCorr |
| 0.73 | NCMGY | Newcrest Mining | PairCorr |
| 0.63 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.68 | BKRKY | Bank Rakyat | PairCorr |
Moving against Moneta OTC Stock
| 0.57 | KB | KB Financial Group | PairCorr |
| 0.56 | MET | MetLife | PairCorr |
| 0.34 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.67 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.62 | JXN-PA | Jackson Financial | PairCorr |
| 0.62 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.6 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.6 | HPQ | HP Inc | PairCorr |
| 0.57 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.56 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.49 | WMT | Walmart Aggressive Push | PairCorr |
| 0.48 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.47 | DIS | Walt Disney | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Moneta OTC Stock performing well and Moneta 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 Moneta 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| XYZFF | 2.78 | 0.03 | 0.00 | 0.08 | 0.00 | 6.90 | 48.33 | |||
| LGDTF | 3.08 | (0.53) | 0.00 | (0.76) | 0.00 | 4.76 | 18.80 | |||
| MGDPF | 2.37 | (0.02) | 0.00 | 0.32 | 0.00 | 5.66 | 13.61 | |||
| LOMLF | 2.02 | (0.20) | 0.00 | (1.67) | 0.00 | 4.76 | 9.76 | |||
| GGGOF | 4.73 | 0.80 | 0.07 | 16.14 | 5.15 | 14.29 | 38.04 | |||
| KRRGF | 1.69 | 0.43 | 0.10 | (0.42) | 2.00 | 3.44 | 11.18 | |||
| ARNGF | 1.75 | 0.20 | 0.05 | 0.35 | 1.72 | 3.33 | 12.13 | |||
| FSM | 2.50 | 0.10 | 0.02 | 0.27 | 3.23 | 6.41 | 17.32 | |||
| GRXMF | 2.29 | (1.24) | 0.00 | (1.75) | 0.00 | 0.00 | 76.67 | |||
| PREIF | 5.24 | 0.37 | 0.01 | (0.11) | 6.44 | 12.38 | 31.86 |
View Moneta Gold Related Equities
| Risk & Return | Correlation |
Moneta Gold Corporate Management
Elected by the shareholders, the Moneta Gold's board of directors comprises two types of representatives: Moneta Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Moneta. The board's role is to monitor Moneta Gold's management team and ensure that shareholders' interests are well served. Moneta Gold'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, Moneta Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason Dankowski | VP Geology | Profile | |
| MBA CFA | VP Devel | Profile | |
| BSc IMM | CEO and President | Profile | |
| BCom CPA | CFO Sec | Profile | |
| Vince MSc | Director Sustainability | Profile |
Still Interested in Moneta Gold?
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