American CuMo Correlations

MLYCF Stock

USD 0.01 0.01 50.00%

The correlation of American CuMo 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.

American CuMo Correlation With Market

Significant diversification

The correlation between American CuMo Mining and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding American CuMo Mining and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to American CuMo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American CuMo 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 American CuMo - 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 American CuMo Mining to buy it.

Moving against American Pink Sheet

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0.47	LGCY	Legacy Education	Pair Corr
0.38	MAPSW	WM Technology	Pair Corr
0.38	AAPL	Apple Inc Aggressive Push	Pair Corr
0.32	GCMGW	GCM Grosvenor	Pair Corr
0.68	DIS	Walt Disney	Pair Corr
0.54	PG	Procter Gamble	Pair Corr
0.53	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.53	HD	Home Depot	Pair Corr
0.5	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.47	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.47	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.34	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	PSXRF	MACQF	EFRMF	FOSYF	CMDRF	GGTHF	FWEDF	AVCVF	GBLEF	LMMFF
PSXRF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	PSXRF
MACQF	0.0		0.3	0.26	-0.01	0.24	0.29	-0.03	0.06	-0.06	MACQF
EFRMF	0.0	0.3		0.07	-0.03	0.16	-0.07	-0.05	0.54	-0.72	EFRMF
FOSYF	0.0	0.26	0.07		-0.35	0.54	0.53	-0.14	0.15	0.14	FOSYF
CMDRF	0.0	-0.01	-0.03	-0.35		-0.13	-0.36	0.36	-0.29	-0.15	CMDRF
GGTHF	0.0	0.24	0.16	0.54	-0.13		0.48	0.14	0.23	0.12	GGTHF
FWEDF	0.0	0.29	-0.07	0.53	-0.36	0.48		-0.2	0.23	0.53	FWEDF
AVCVF	0.0	-0.03	-0.05	-0.14	0.36	0.14	-0.2		-0.59	0.03	AVCVF
GBLEF	0.0	0.06	0.54	0.15	-0.29	0.23	0.23	-0.59		-0.31	GBLEF
LMMFF	0.0	-0.06	-0.72	0.14	-0.15	0.12	0.53	0.03	-0.31		LMMFF
	PSXRF	MACQF	EFRMF	FOSYF	CMDRF	GGTHF	FWEDF	AVCVF	GBLEF	LMMFF

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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

GBLEF	+ 0.54	EFRMF
GGTHF	+ 0.54	FOSYF
FWEDF	+ 0.53	FOSYF
LMMFF	+ 0.53	FWEDF
FWEDF	+ 0.48	GGTHF
AVCVF	+ 0.36	CMDRF

High negative correlations

LMMFF	- 0.72	EFRMF
GBLEF	- 0.59	AVCVF
FWEDF	- 0.36	CMDRF
CMDRF	- 0.35	FOSYF
LMMFF	- 0.31	GBLEF
GBLEF	- 0.29	CMDRF

Risk-Adjusted Indicators

There is a big difference between American Pink Sheet performing well and American CuMo 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 American CuMo'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
PSXRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MACQF	9.83	2.35	0.00	(2.97)	0.00	0.00	52.74	(33.97)	154.98
EFRMF	0.83	(0.42)	0.00	1.92	0.00	0.00	0.00	0.00	21.43
FOSYF	3.30	0.11	0.02	0.26	3.41	(5.63)	9.43	(6.67)	27.98
CMDRF	1.94	(0.85)	0.00	(0.96)	0.00	0.00	0.00	(0.97)	66.28
GGTHF	52.89	21.72	0.40	(0.98)	26.06	(152.17)	224.68	(65.70)	518.95
FWEDF	1.84	0.02	(0.02)	0.21	2.03	(2.58)	4.26	(3.88)	17.35
AVCVF	0.32	(0.12)	0.00	(9.03)	0.00	0.00	0.00	0.00	14.23
GBLEF	3.95	0.76	0.03	(0.25)	5.32	(22.28)	16.20	(11.50)	62.52
LMMFF	456.60	253.73	8.57	(0.97)	0.00	(2,208)	30.43	(8.44)	15,353

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Our tools can tell you how much better you can do entering a position in American CuMo 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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American CuMo Corporate Management

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