Allied Gold Correlations
| AAUC Stock | 3.53 0.06 1.67% |
The current 90-days correlation between Allied Gold and Wheaton Precious Metals is 0.72 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allied Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allied Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Allied Gold Correlation With Market
Good diversification
The correlation between Allied Gold and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Allied Gold and DJI in the same portfolio, assuming nothing else is changed.
Allied |
The ability to find closely correlated positions to Allied 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 Allied 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 Allied 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 Allied Gold to buy it.
Moving together with Allied Stock
| 0.81 | AEM | Agnico Eagle Mines | PairCorr |
| 0.77 | WPM | Wheaton Precious Metals | PairCorr |
| 0.91 | FNV | Franco Nevada | PairCorr |
| 0.75 | K | Kinross Gold Corp | PairCorr |
| 0.86 | AGI | Alamos Gold | PairCorr |
Moving against Allied Stock
Related Correlations Analysis
| 0.17 | 0.83 | 0.79 | 0.9 | 0.73 | 0.12 | AEM | ||
| 0.17 | 0.56 | 0.53 | 0.01 | 0.61 | 0.97 | ABX | ||
| 0.83 | 0.56 | 0.84 | 0.65 | 0.74 | 0.52 | WPM | ||
| 0.79 | 0.53 | 0.84 | 0.65 | 0.87 | 0.54 | FNV | ||
| 0.9 | 0.01 | 0.65 | 0.65 | 0.68 | -0.02 | K | ||
| 0.73 | 0.61 | 0.74 | 0.87 | 0.68 | 0.61 | AGI | ||
| 0.12 | 0.97 | 0.52 | 0.54 | -0.02 | 0.61 | EDV | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Allied Stock performing well and Allied 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 Allied 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AEM | 1.51 | 0.07 | 0.03 | (0.72) | 1.78 | 3.69 | 11.64 | |||
| ABX | 1.47 | (0.31) | 0.00 | (2.44) | 0.00 | 2.75 | 8.35 | |||
| WPM | 1.45 | (0.02) | 0.00 | (0.21) | 0.00 | 3.22 | 10.48 | |||
| FNV | 1.23 | 0.05 | 0.02 | (1.06) | 1.70 | 2.35 | 8.84 | |||
| K | 1.91 | 0.21 | 0.07 | 1.29 | 2.49 | 4.65 | 17.38 | |||
| AGI | 1.53 | (0.01) | 0.00 | 0.04 | 0.00 | 4.37 | 10.71 | |||
| EDV | 1.68 | (0.30) | 0.00 | (3.12) | 0.00 | 3.35 | 11.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Allied 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.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Allied Gold Corporate Management
Elected by the shareholders, the Allied Gold's board of directors comprises two types of representatives: Allied Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Allied. The board's role is to monitor Allied Gold's management team and ensure that shareholders' interests are well served. Allied 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, Allied Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Basie Maree | Chief Officer | Profile | |
| Gwennael Guillen | Chief Officer | Profile | |
| Johannes Stoltz | Chief Officer | Profile | |
| Jason LeBlanc | Chief Officer | Profile | |
| Jason CFA | Chief Officer | Profile | |
| Gerardo FernandezTobar | Chief Officer | Profile |