Radius Gold Correlations

RDU Stock

CAD 0.07 0.01 6.25%

The current 90-days correlation between Radius Gold and Diamond Estates Wines is 0.28 (i.e., Modest diversification). The correlation of Radius 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Radius Gold Correlation With Market

Average diversification

The correlation between Radius Gold and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radius Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Radius 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 Radius 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 Radius 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 Radius Gold to buy it.

Moving against Radius Stock

0.6	CSU	Constellation Software	Pair Corr
0.6	FFH	Fairfax Financial	Pair Corr
0.52	WCN	Waste Connections	Pair Corr
0.36	FSV	FirstService Corp	Pair Corr
0.31	IFC	Intact Financial	Pair Corr

Related Correlations Analysis

	DIR-UN	DWS	CCA	QST	MDI	RCI-A	CMG	NIM
DIR-UN		0.89	-0.48	0.57	-0.59	0.86	0.49	0.86	DIR-UN
DWS	0.89		-0.32	0.55	-0.4	0.88	0.53	0.81	DWS
CCA	-0.48	-0.32		-0.25	0.78	-0.41	-0.04	-0.46	CCA
QST	0.57	0.55	-0.25		-0.39	0.45	0.76	0.64	QST
MDI	-0.59	-0.4	0.78	-0.39		-0.44	-0.11	-0.59	MDI
RCI-A	0.86	0.88	-0.41	0.45	-0.44		0.48	0.71	RCI-A
CMG	0.49	0.53	-0.04	0.76	-0.11	0.48		0.47	CMG
NIM	0.86	0.81	-0.46	0.64	-0.59	0.71	0.47		NIM
	DIR-UN	DWS	CCA	QST	MDI	RCI-A	CMG	NIM

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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

DWS	+ 0.89	DIR-UN
RCI-A	+ 0.88	DWS
RCI-A	+ 0.86	DIR-UN
NIM	+ 0.86	DIR-UN
NIM	+ 0.81	DWS
MDI	+ 0.78	CCA

High negative correlations

NIM	- 0.59	MDI
MDI	- 0.59	DIR-UN
CCA	- 0.48	DIR-UN
NIM	- 0.46	CCA
RCI-A	- 0.44	MDI
RCI-A	- 0.41	CCA

Risk-Adjusted Indicators

There is a big difference between Radius Stock performing well and Radius Gold 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 Radius 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
DIR-UN	0.82	(0.25)	0.00	(0.54)	0.00	0.00	1.92	(1.82)	6.18
DWS	3.54	(0.10)	0.00	0.39	0.00	0.00	6.67	(7.41)	24.51
CCA	0.99	0.08	0.00	0.32	1.12	(1.06)	1.80	(2.10)	7.77
QST	2.71	(0.16)	0.00	0.78	0.00	0.00	3.70	(8.33)	23.89
MDI	1.58	0.24	0.11	0.70	1.37	(1.87)	3.45	(2.39)	11.00
RCI-A	1.01	(0.13)	0.00	(3.25)	0.00	0.00	1.87	(2.75)	6.18
CMG	1.89	(0.07)	0.00	(0.32)	0.00	0.00	3.43	(3.47)	14.52
NIM	2.34	(0.17)	0.00	0.45	0.00	0.00	7.69	(6.67)	22.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Radius 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.

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Radius Gold Corporate Management

Elected by the shareholders, the Radius Gold's board of directors comprises two types of representatives: Radius Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Radius. The board's role is to monitor Radius Gold's management team and ensure that shareholders' interests are well served. Radius 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, Radius Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

MAusIMM MSc	CEO and President	Profile
Adam Buchanan	Vice Development	Profile
Kevin Bales	Chief Officer	Profile
Sally Whittall	Corporate Secretary	Profile

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