Amex Exploration Correlations

AMXEF Stock

USD 0.66 0.02 3.13%

The correlation of Amex Exploration 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.

Amex Exploration Correlation With Market

Significant diversification

The correlation between Amex Exploration 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 Amex Exploration and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Amex Exploration could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amex Exploration 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 Amex Exploration - 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 Amex Exploration to buy it.

Moving against Amex OTC Stock

0.65	NVRO	Nevro Corp	Pair Corr
0.56	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.55	JPSTF	JAPAN POST BANK	Pair Corr
0.52	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.47	ATCOL	Atlas Corp	Pair Corr
0.4	CSCO	Cisco Systems	Pair Corr
0.82	VZ	Verizon Communications	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.5	CVX	Chevron Corp	Pair Corr
0.48	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.46	DD	Dupont De Nemours	Pair Corr
0.39	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	AGRDF	DCCNF	ARBTF	ADGCF	BAUFF	AGDXF	ANKOF	ASGOF	ANTMF	AUXXF
AGRDF		0.0	0.16	0.0	0.69	0.78	0.73	0.75	0.08	-0.22	AGRDF
DCCNF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	DCCNF
ARBTF	0.16	0.0		0.0	0.41	0.12	0.17	0.21	0.49	0.07	ARBTF
ADGCF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ADGCF
BAUFF	0.69	0.0	0.41	0.0		0.72	0.78	0.75	0.16	-0.31	BAUFF
AGDXF	0.78	0.0	0.12	0.0	0.72		0.8	0.83	-0.03	-0.27	AGDXF
ANKOF	0.73	0.0	0.17	0.0	0.78	0.8		0.76	0.09	-0.4	ANKOF
ASGOF	0.75	0.0	0.21	0.0	0.75	0.83	0.76		-0.04	-0.19	ASGOF
ANTMF	0.08	0.0	0.49	0.0	0.16	-0.03	0.09	-0.04		0.46	ANTMF
AUXXF	-0.22	0.0	0.07	0.0	-0.31	-0.27	-0.4	-0.19	0.46		AUXXF
	AGRDF	DCCNF	ARBTF	ADGCF	BAUFF	AGDXF	ANKOF	ASGOF	ANTMF	AUXXF

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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

ASGOF	+ 0.83	AGDXF
ANKOF	+ 0.8	AGDXF
AGDXF	+ 0.78	AGRDF
ANKOF	+ 0.78	BAUFF
ASGOF	+ 0.76	ANKOF
ASGOF	+ 0.75	AGRDF

High negative correlations

AUXXF	- 0.4	ANKOF
AUXXF	- 0.31	BAUFF
AUXXF	- 0.27	AGDXF
AUXXF	- 0.22	AGRDF
AUXXF	- 0.19	ASGOF
ANTMF	- 0.04	ASGOF

Risk-Adjusted Indicators

There is a big difference between Amex OTC Stock performing well and Amex Exploration OTC Stock 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 Amex Exploration'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
AGRDF	31.25	13.98	0.00	(0.64)	0.00	0.00	0.00	0.00	1,009
DCCNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARBTF	1.93	0.36	0.06	0.71	2.41	(6.71)	8.33	(5.89)	25.36
ADGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BAUFF	4.70	1.86	0.26	0.99	2.96	(12.76)	12.57	(6.72)	56.19
AGDXF	1.59	(0.63)	0.00	(0.31)	0.00	0.00	0.00	0.00	53.33
ANKOF	4.79	2.00	0.29	3.20	3.10	(9.51)	16.67	(5.69)	29.88
ASGOF	1.09	0.05	0.03	(0.18)	1.55	(9.09)	1.39	(4.94)	18.31
ANTMF	11.56	2.90	0.11	(0.61)	10.56	(66.90)	25.00	(30.00)	222.50
AUXXF	4.95	0.25	0.04	(20.41)	5.78	(7.68)	12.36	(9.18)	42.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amex Exploration 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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