Applied Minerals Correlations
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Applied |
The ability to find closely correlated positions to Applied Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied Minerals 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 Applied Minerals - 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 Applied Minerals to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between Applied Pink Sheet performing well and Applied Minerals 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 Applied Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GCXXF | 7.35 | 1.50 | 0.13 | 2.74 | 7.17 | 24.11 | 83.75 | |||
| STSBF | 5.29 | 0.57 | 0.06 | 0.38 | 5.60 | 13.79 | 45.71 | |||
| BHSIF | 6.80 | 0.06 | 0.01 | 0.07 | 8.79 | 25.00 | 54.63 | |||
| GOLXF | 6.30 | 1.03 | 0.15 | (0.78) | 6.14 | 13.81 | 38.32 | |||
| ESKYF | 5.28 | 0.82 | 0.10 | (6.05) | 5.14 | 12.50 | 39.29 | |||
| BBBMF | 6.94 | 2.50 | 0.14 | 1.61 | 5.00 | 18.75 | 130.70 | |||
| AUMTF | 2.32 | 1.15 | 0.00 | (2.24) | 0.00 | 0.00 | 70.45 | |||
| ADTLF | 1.73 | 0.26 | 0.08 | 0.43 | 1.88 | 5.56 | 15.47 | |||
| AHELF | 0.84 | 0.26 | 0.00 | (0.88) | 0.00 | 0.00 | 20.00 | |||
| ASHXF | 1.41 | 0.18 | 0.00 | (1.03) | 0.00 | 9.09 | 28.18 |
Applied Minerals Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Applied Minerals pink sheet to make a market-neutral strategy. Peer analysis of Applied Minerals could also be used in its relative valuation, which is a method of valuing Applied Minerals by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Applied Minerals Corporate Executives
Elected by the shareholders, the Applied Minerals' board of directors comprises two types of representatives: Applied Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied Minerals' management team and ensure that shareholders' interests are well served. Applied Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Applied Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Christopher Carney | CFO and VP | Profile |
Still Interested in Applied Minerals?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.