AfriTin Mining Correlations
| ATM Stock | 2.75 0.40 17.02% |
The current 90-days correlation between AfriTin Mining and Givaudan SA is 0.09 (i.e., Significant diversification). The correlation of AfriTin 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.
AfriTin Mining Correlation With Market
Significant diversification
The correlation between AfriTin Mining and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AfriTin Mining and DJI in the same portfolio, assuming nothing else is changed.
AfriTin |
The ability to find closely correlated positions to AfriTin 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 AfriTin 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 AfriTin 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 AfriTin Mining to buy it.
Moving together with AfriTin Stock
| 0.93 | 0QPS | Givaudan SA | PairCorr |
| 0.74 | CAML | Central Asia Metals | PairCorr |
| 0.7 | WKOF | Weiss Korea Opportunity | PairCorr |
| 0.92 | 0QZK | Coca Cola | PairCorr |
Moving against AfriTin Stock
| 0.93 | FXPO | Ferrexpo PLC | PairCorr |
| 0.79 | SIGC | Sherborne Investors | PairCorr |
| 0.67 | AMRQ | Amaroq Minerals | PairCorr |
| 0.66 | 0R1I | NVIDIA Corp | PairCorr |
| 0.55 | CHRY | Chrysalis Investments | PairCorr |
| 0.5 | MTL | Metals Exploration Plc | PairCorr |
| 0.34 | 0R1G | Home Depot | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in AfriTin 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.Did you try this?
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AfriTin Mining Corporate Management
Elected by the shareholders, the AfriTin Mining's board of directors comprises two types of representatives: AfriTin Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AfriTin. The board's role is to monitor AfriTin Mining's management team and ensure that shareholders' interests are well served. AfriTin 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, AfriTin Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Timothy Marais | Exploration Board | Profile | |
| Frans Daalen | Chief Officer | Profile | |
| Nomakhosi Mukanya | Company Secretary | Profile | |
| Chris Smith | Chief Officer | Profile | |
| Jan Rabe | Member Board | Profile | |
| Machiel Odendaal | Member Board | Profile | |
| Dip Mgt | CEO Director | Profile |