Arizona Metals Correlations

AZMCF Stock  USD 1.19  0.20  14.39%   
The current 90-days correlation between Arizona Metals Corp and Lotus Resources Limited is 0.21 (i.e., Modest diversification). The correlation of Arizona Metals 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.

Arizona Metals Correlation With Market

Average diversification

The correlation between Arizona Metals Corp 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 Arizona Metals Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Arizona Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arizona Metals 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 Arizona Metals - 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 Arizona Metals Corp to buy it.

Moving together with Arizona OTC Stock

  0.62CTPR CTPartners ExecutivePairCorr

Moving against Arizona OTC Stock

  0.51BHP BHP Group LimitedPairCorr
  0.48RIO Rio Tinto ADR Sell-off TrendPairCorr
  0.48GLCNF Glencore PLCPairCorr
  0.48GLNCY Glencore PLC ADRPairCorr
  0.47BHPLF BHP Group LimitedPairCorr
  0.46RTNTF Rio Tinto GroupPairCorr
  0.42RTPPF Rio Tinto GroupPairCorr
  0.39JXN-PA Jackson FinancialPairCorr
  0.32MET MetLifePairCorr
  0.37CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.34MCD McDonalds Fiscal Year End 3rd of February 2025 PairCorr
  0.33DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.32HPQ HP IncPairCorr

Related Correlations Analysis

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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   
TRKUFGRLVF
MURMFLTSRF
TRKUFNTCPF
GRLVFNTCPF
MURMFEMGDF
EMGDFWMNNF
  
High negative correlations   
GRLVFADBRF
TRKUFADBRF
TRKUFWMNNF
NTCPFADBRF
WMNNFGRLVF
WMNNFNTCPF

Risk-Adjusted Indicators

There is a big difference between Arizona OTC Stock performing well and Arizona Metals 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 Arizona Metals' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ADBRF  3.26  1.31  0.29  17.15  2.22 
 9.09 
 25.23 
NTCPF  4.32 (0.07) 0.00  1.20  0.00 
 8.57 
 37.22 
LTSRF  4.02  0.01 (0.01) 0.16  4.64 
 10.53 
 27.62 
GRLVF  3.59 (0.02) 0.00  0.24  0.00 
 7.69 
 41.83 
THURF  9.94 (0.29) 0.06  0.12  11.34 
 32.98 
 215.85 
WMNNF  3.00  1.44  0.00 (0.49) 0.00 
 0.00 
 125.00 
TRKUF  14.30  3.65  0.07 (0.36) 15.27 
 50.44 
 263.96 
EMGDF  2.34  0.42  0.01 (0.23) 3.15 
 8.70 
 40.11 
MURMF  6.11  0.79  0.02 (0.29) 8.76 
 16.67 
 71.71 
LKMNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 

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Our tools can tell you how much better you can do entering a position in Arizona Metals 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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