Avino Silver Correlations

ASM Stock

USD 1.25 0.14 10.07%

The current 90-days correlation between Avino Silver Gold and McEwen Mining is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Avino Silver Correlation With Market

Average diversification

The correlation between Avino Silver Gold and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avino Silver Gold and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Avino Stock

0.73	HL	Hecla Mining	Pair Corr
0.8	MTA	Metalla Royalty Streaming	Pair Corr
0.88	ITRG	Integra Resources Corp	Pair Corr
0.66	SLSR	Solaris Resources	Pair Corr
0.82	TFPM	Triple Flag Precious	Pair Corr
0.69	X	United States Steel	Pair Corr
0.91	AU	AngloGold Ashanti plc	Pair Corr
0.78	CX	Cemex SAB de	Pair Corr
0.79	DC	Dakota Gold Corp	Pair Corr
0.86	MP	MP Materials Corp	Pair Corr
0.89	MT	ArcelorMittal SA ADR	Pair Corr
0.82	NB	NioCorp Developments	Pair Corr
0.63	OR	Osisko Gold Ro	Pair Corr
0.68	VALE	Vale SA ADR	Pair Corr
0.66	HYMCL	Hycroft Mining Holding	Pair Corr
0.7	ECVT	Ecovyst Earnings Call Today	Pair Corr

Moving against Avino Stock

0.47	LODE	Comstock Mining	Pair Corr
0.5	FF	FutureFuel Corp	Pair Corr
0.42	IE	Ivanhoe Electric	Pair Corr
0.31	CE	Celanese	Pair Corr
0.77	FEAM	5E Advanced Materials Upward Rally	Pair Corr
0.57	FMST	Foremost Lithium Resource	Pair Corr
0.39	ALB	Albemarle Corp	Pair Corr
0.38	AMR	Alpha Metallurgical	Pair Corr
0.34	ALB-PA	Albemarle	Pair Corr

Related Correlations Analysis

	HL	SILV	MUX	MTA	EXK	NEWP	GATO	BVN
HL		0.25	0.04	0.79	0.46	0.18	0.0	0.53	HL
SILV	0.25		-0.47	0.46	0.16	-0.06	0.0	0.47	SILV
MUX	0.04	-0.47		-0.25	0.35	0.59	0.0	-0.3	MUX
MTA	0.79	0.46	-0.25		0.56	0.17	0.0	0.37	MTA
EXK	0.46	0.16	0.35	0.56		0.65	0.0	-0.15	EXK
NEWP	0.18	-0.06	0.59	0.17	0.65		0.0	-0.34	NEWP
GATO	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GATO
BVN	0.53	0.47	-0.3	0.37	-0.15	-0.34	0.0		BVN
	HL	SILV	MUX	MTA	EXK	NEWP	GATO	BVN

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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

MTA	+ 0.79	HL
NEWP	+ 0.65	EXK
NEWP	+ 0.59	MUX
EXK	+ 0.56	MTA
BVN	+ 0.53	HL
BVN	+ 0.47	SILV

High negative correlations

MUX	- 0.47	SILV
BVN	- 0.34	NEWP
BVN	- 0.3	MUX
MTA	- 0.25	MUX
BVN	- 0.15	EXK
NEWP	- 0.06	SILV

Risk-Adjusted Indicators

There is a big difference between Avino Stock performing well and Avino Silver 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 Avino Silver'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
HL	2.45	(0.02)	0.00	(0.16)	0.00	0.00	5.48	(5.47)	21.73
SILV	2.70	0.21	0.06	1.59	2.99	(2.92)	7.36	(4.41)	15.24
MUX	2.35	(0.24)	0.00	(0.32)	0.00	0.00	4.47	(4.49)	24.03
MTA	2.40	0.07	0.02	0.23	2.73	(2.56)	7.02	(4.45)	14.48
EXK	3.00	(0.36)	0.00	1.62	0.00	0.00	5.60	(7.73)	19.01
NEWP	2.69	(0.38)	0.00	(0.45)	0.00	0.00	6.78	(5.65)	15.82
GATO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BVN	1.56	0.06	0.03	(1.51)	1.84	(1.73)	4.13	(3.44)	11.26

Avino Silver Corporate Executives

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

Nathan Harte	Chief Financial Officer	Profile
Jose Rodriguez	Chief Operating Officer	Profile
Jose Moreno	Chief Operating Officer	Profile

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