Robex Resources Correlations
| RSRBF Stock | USD 1.56 0.09 5.45% |
The current 90-days correlation between Robex Resources and Orefinders Resources is 0.13 (i.e., Average diversification). The correlation of Robex 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.
Robex Resources Correlation With Market
Significant diversification
The correlation between Robex Resources and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Robex Resources and DJI in the same portfolio, assuming nothing else is changed.
Robex |
The ability to find closely correlated positions to Robex 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 Robex 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 Robex 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 Robex Resources to buy it.
Moving together with Robex Pink Sheet
| 0.78 | BKRKY | Bank Rakyat | PairCorr |
| 0.74 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.61 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.71 | PBCRY | Bank Central Asia | PairCorr |
| 0.71 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.74 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Robex Pink Sheet
| 0.69 | ATCOL | Atlas Corp | PairCorr |
| 0.59 | PCTTW | PureCycle Technologies | PairCorr |
| 0.53 | GCMGW | GCM Grosvenor | PairCorr |
| 0.52 | ASTSW | AST SpaceMobile | PairCorr |
| 0.51 | PTAIF | PT Astra International | PairCorr |
| 0.47 | SSNLF | Samsung Electronics | PairCorr |
| 0.36 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.87 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.81 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.71 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.46 | HPQ | HP Inc | PairCorr |
| 0.41 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.39 | HD | Home Depot | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Robex Pink Sheet performing well and Robex 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 Robex 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ORFDF | 3.18 | 0.42 | 0.05 | (1.67) | 3.72 | 7.51 | 25.64 | |||
| LVXFF | 5.41 | 0.16 | 0.00 | 0.04 | 0.00 | 19.31 | 50.34 | |||
| TSRMF | 4.15 | 0.35 | 0.05 | 0.54 | 3.99 | 7.14 | 26.25 | |||
| GBRCF | 3.60 | (0.22) | 0.00 | (2.76) | 0.00 | 9.09 | 38.33 | |||
| RMETF | 6.82 | 2.96 | 0.00 | (0.77) | 0.00 | 42.86 | 80.95 | |||
| NXSGD | 35.35 | 13.96 | 0.22 | (2.64) | 18.16 | 4.00 | 693.25 | |||
| ROVMF | 3.51 | 0.60 | 0.02 | (0.24) | 4.36 | 15.79 | 60.20 | |||
| JGLDF | 4.60 | 0.80 | 0.05 | (0.31) | 5.32 | 10.20 | 45.04 | |||
| LONCF | 2.59 | 0.06 | (0.01) | (0.65) | 3.90 | 10.00 | 45.83 | |||
| MRTMF | 11.74 | 2.51 | 0.10 | (0.88) | 11.74 | 37.14 | 130.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Robex 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.Did you try this?
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SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
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Robex Resources Corporate Executives
Elected by the shareholders, the Robex Resources' board of directors comprises two types of representatives: Robex Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Robex. The board's role is to monitor Robex Resources' management team and ensure that shareholders' interests are well served. Robex 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, Robex Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Augustin Rousselet | CFO, Chief Operation Officer and VP of Fin. | Profile |