Maple Gold Correlations
| MGMLF Stock | USD 0.04 0 2.44% |
The current 90-days correlation between Maple Gold Mines and Advantage Solutions is 0.18 (i.e., Average diversification). The correlation of Maple 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.
Maple Gold Correlation With Market
Significant diversification
The correlation between Maple Gold Mines and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maple Gold Mines and DJI in the same portfolio, assuming nothing else is changed.
Maple |
The ability to find closely correlated positions to Maple 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 Maple 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 Maple 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 Maple Gold Mines to buy it.
Moving together with Maple OTC Stock
| 0.64 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.61 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.85 | GOEVW | Canoo Holdings | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.93 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.85 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Maple OTC Stock
| 0.9 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.75 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.74 | GCMGW | GCM Grosvenor | PairCorr |
| 0.68 | NVDA | NVIDIA | PairCorr |
| 0.66 | ATCOL | Atlas Corp | PairCorr |
| 0.66 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.6 | PCTTW | PureCycle Technologies | PairCorr |
| 0.6 | ASTSW | AST SpaceMobile | PairCorr |
| 0.56 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.44 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.32 | MAPSW | WM Technology | PairCorr |
| 0.32 | LGCY | Legacy Education | PairCorr |
| 0.91 | DIS | Walt Disney | PairCorr |
| 0.9 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.89 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | PYPL | PayPal Holdings | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.7 | HD | Home Depot | PairCorr |
| 0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.51 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| -0.25 | -0.19 | -0.44 | 0.24 | -0.15 | ADVWW | ||
| -0.25 | 0.81 | 0.13 | -0.72 | 0.66 | ATCOL | ||
| -0.19 | 0.81 | 0.14 | -0.71 | 0.73 | PCTTW | ||
| -0.44 | 0.13 | 0.14 | -0.29 | 0.25 | MAPSW | ||
| 0.24 | -0.72 | -0.71 | -0.29 | -0.8 | GOEVW | ||
| -0.15 | 0.66 | 0.73 | 0.25 | -0.8 | GCMGW | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Maple OTC Stock performing well and Maple 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 Maple 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADVWW | 13.47 | 1.43 | 0.09 | 0.76 | 14.79 | 29.75 | 146.36 | |||
| ATCOL | 0.25 | 0.01 | (0.25) | (0.16) | 0.26 | 0.65 | 1.81 | |||
| PCTTW | 6.35 | 2.46 | 0.38 | 5.25 | 4.59 | 16.00 | 76.00 | |||
| MAPSW | 8.75 | 0.29 | 0.02 | 0.36 | 10.97 | 28.53 | 78.90 | |||
| GOEVW | 8.51 | (0.57) | 0.00 | 0.38 | 0.00 | 17.28 | 66.94 | |||
| GCMGW | 6.29 | 0.81 | 0.11 | 0.43 | 7.48 | 14.29 | 44.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Maple 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.Did you try this?
Run Equity Search Now
Equity SearchSearch for actively traded equities including funds and ETFs from over 30 global markets |
| All Next | Launch Module |