ROKMASTER Resources Correlations

Stocks . Canada . 
Stock . ROKMASTER Resources Corp
RKR Stock  CAD 0.02  0.01  33.33%   
The current 90-days correlation between ROKMASTER Resources Corp and Signature Resources is -0.02 (i.e., Good diversification). The correlation of ROKMASTER Resources 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.

ROKMASTER Resources Correlation With Market

Good diversification

The correlation between ROKMASTER Resources Corp and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ROKMASTER Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ROKMASTER Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ROKMASTER Resources 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 ROKMASTER Resources - 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 ROKMASTER Resources Corp to buy it.

Moving against ROKMASTER Stock

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Related Correlations Analysis

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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   
PJX
+ 0.75
SGU
RUG
+ 0.55
SGU
RUG
+ 0.45
PJX
PJX
+ 0.07
RTH
  
High negative correlations   
PJX
- 0.6
RAK
RAK
- 0.34
SGU
RTH
- 0.14
RAK
RUG
- 0.11
RAK
RUG
- 0.02
RTH
RTH
- 0.01
SGU

Risk-Adjusted Indicators

There is a big difference between ROKMASTER Stock performing well and ROKMASTER Resources 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 ROKMASTER Resources' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in ROKMASTER Resources 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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ROKMASTER Resources Corporate Management

Elected by the shareholders, the ROKMASTER Resources' board of directors comprises two types of representatives: ROKMASTER Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ROKMASTER. The board's role is to monitor ROKMASTER Resources' management team and ensure that shareholders' interests are well served. ROKMASTER Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ROKMASTER Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
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