Rugby Mining Correlations

RUG Stock  CAD 0.04  0.01  10.00%   
The current 90-days correlation between Rugby Mining Limited and Parkit Enterprise is -0.03 (i.e., Good diversification). The correlation of Rugby Mining 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.

Rugby Mining Correlation With Market

Significant diversification

The correlation between Rugby Mining Limited and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rugby Mining Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Rugby Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rugby Mining 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 Rugby Mining - 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 Rugby Mining Limited to buy it.

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   
FTN-PAXSMC
ERE-UNXSMC
FTN-PAERE-UN
XSMCZUM
FTN-PAZUM
TKUZUAG-U
  
High negative correlations   
ZUAG-UZUM
FTN-PAZUAG-U
FTN-PATKU
TKUXSMC
ERE-UNTKU
XSMCZUAG-U

Risk-Adjusted Indicators

There is a big difference between Rugby Stock performing well and Rugby Mining 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 Rugby Mining'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PKT  2.56  0.32  0.03 (6.41) 3.36 
 8.06 
 32.81 
GSI  2.47  0.59  0.11 (0.57) 2.17 
 6.67 
 25.00 
ZUM  4.97  3.06  0.00 (0.60) 0.00 
 0.00 
 166.67 
ZUAG-U  0.15 (0.03) 0.00 (2.94) 0.00 
 0.42 
 2.35 
TNO-H  11.85  1.88  0.00  0.78  0.00 
 100.00 
 150.00 
XSMC  0.94  0.18  0.12  0.58  0.57 
 2.06 
 8.62 
TKU  6.30  0.41  0.00 (0.02) 10.07 
 33.33 
 83.33 
ERE-UN  1.31  0.26  0.27  0.28  0.68 
 3.40 
 20.23 
KPT  0.66 (0.04) 0.00 (0.14) 0.00 
 1.45 
 6.10 
FTN-PA  0.17  0.05 (0.46)(2.79) 0.00 
 0.30 
 1.71 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rugby Mining 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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Rugby Mining Corporate Executives

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