Radius Gold Correlations

RDUFF Stock

USD 0.05 0.01 16.67%

The current 90-days correlation between Radius Gold and Satori Resources is 0.09 (i.e., Significant 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.

Radius Gold Correlation With Market

Average diversification

The correlation between Radius Gold and DJI is 0.16 (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 Pink Sheet

0.47	DYAI	Dyadic International	Pair Corr
0.45	ZENV	Zenvia Inc	Pair Corr
0.46	GLABF	Gemina Laboratories Earnings Call This Week	Pair Corr
0.34	SAPMF	Saipem SpA	Pair Corr
0.33	RWAYL	MSCI ACWI exAUCONSUMER	Pair Corr

Related Correlations Analysis

	NKOSF	LOMLF	WTHVF	STRRF	WDOFF	GDRZF	OR	IAUX
NKOSF		0.82	0.87	0.86	0.32	0.68	0.05	0.87	NKOSF
LOMLF	0.82		0.82	0.86	0.1	0.67	0.29	0.88	LOMLF
WTHVF	0.87	0.82		0.87	0.33	0.8	-0.02	0.83	WTHVF
STRRF	0.86	0.86	0.87		0.33	0.68	0.13	0.92	STRRF
WDOFF	0.32	0.1	0.33	0.33		0.34	0.1	0.34	WDOFF
GDRZF	0.68	0.67	0.8	0.68	0.34		-0.06	0.64	GDRZF
OR	0.05	0.29	-0.02	0.13	0.1	-0.06		0.25	OR
IAUX	0.87	0.88	0.83	0.92	0.34	0.64	0.25		IAUX
	NKOSF	LOMLF	WTHVF	STRRF	WDOFF	GDRZF	OR	IAUX

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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

IAUX	+ 0.92	STRRF
IAUX	+ 0.88	LOMLF
WTHVF	+ 0.87	NKOSF
IAUX	+ 0.87	NKOSF
STRRF	+ 0.87	WTHVF
STRRF	+ 0.86	NKOSF

High negative correlations

OR	- 0.06	GDRZF
OR	- 0.02	WTHVF

Risk-Adjusted Indicators

There is a big difference between Radius Pink Sheet 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
NKOSF	5.79	(0.31)	0.00	0.17	0.00	0.00	13.21	(13.04)	32.65
LOMLF	2.15	(0.33)	0.00	2.39	0.00	0.00	4.76	(4.76)	15.00
WTHVF	3.95	(0.71)	0.00	0.77	0.00	0.00	9.09	(9.09)	34.95
STRRF	1.78	(0.32)	0.00	(0.30)	0.00	0.00	7.69	(7.14)	24.36
WDOFF	1.86	(0.09)	0.00	(0.41)	0.00	0.00	4.24	(3.83)	13.33
GDRZF	5.84	(0.98)	0.00	(2.82)	0.00	0.00	12.35	(12.30)	46.23
OR	1.29	0.03	0.01	0.23	2.29	(1.06)	2.94	(3.57)	8.38
IAUX	4.75	(0.66)	0.00	(0.49)	0.00	0.00	8.33	(6.45)	62.29

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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