Bannerman Resources Correlations
| BNNLF Stock | USD 1.55 0.01 0.65% |
The current 90-days correlation between Bannerman Resources and GoviEx Uranium is 0.13 (i.e., Average diversification). The correlation of Bannerman Resources 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.
Bannerman Resources Correlation With Market
Modest diversification
The correlation between Bannerman Resources and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bannerman Resources and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bannerman Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bannerman Resources 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 Bannerman Resources - 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 Bannerman Resources to buy it.
Moving together with Bannerman OTC Stock
| 0.86 | CCJ | Cameco Corp | PairCorr |
| 0.85 | SRUUF | Sprott Physical Uranium Earnings Call This Week | PairCorr |
| 0.9 | NXE | NexGen Energy | PairCorr |
| 0.89 | UEC | Uranium Energy Corp | PairCorr |
| 0.89 | PALAF | Paladin Energy | PairCorr |
| 0.89 | DNN | Denison Mines Corp | PairCorr |
| 0.83 | YLLXF | Yellow Cake plc | PairCorr |
| 0.88 | UUUU | Energy Fuels | PairCorr |
| 0.74 | CNCK | Coincheck Group NV | PairCorr |
Moving against Bannerman OTC Stock
| 0.8 | DNSKF | Danske Bank AS | PairCorr |
| 0.78 | CWEN | Clearway Energy Class | PairCorr |
| 0.62 | WM | Waste Management | PairCorr |
| 0.59 | AEM | Agnico Eagle Mines | PairCorr |
| 0.59 | GLU | Gabelli Global Utility | PairCorr |
| 0.53 | SKFOF | Sika AG | PairCorr |
| 0.52 | ANPMF | Andean Precious Metals | PairCorr |
| 0.5 | AIMDW | Ainos Inc | PairCorr |
| 0.42 | DNOW | Now Inc | PairCorr |
| 0.85 | SUNFF | Sun Life Financial | PairCorr |
| 0.83 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.82 | INGVF | ING Groep NV | PairCorr |
| 0.81 | CABGY | Carlsberg AS | PairCorr |
| 0.78 | MPW | Medical Properties Trust | PairCorr |
| 0.75 | LNW | Light Wonder | PairCorr |
| 0.74 | O | Realty Income | PairCorr |
| 0.63 | CAOVF | China Overseas Land Earnings Call This Week | PairCorr |
| 0.61 | FINV | FinVolution Group | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bannerman OTC Stock performing well and Bannerman Resources 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 Bannerman Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GVXXF | 6.56 | 0.69 | 0.06 | 0.16 | 7.04 | 16.13 | 62.91 | |||
| PALAF | 2.83 | (0.16) | 0.00 | (0.25) | 0.00 | 5.90 | 25.50 | |||
| PENMF | 5.43 | (0.30) | 0.00 | (0.19) | 0.00 | 10.29 | 35.94 | |||
| BSENF | 3.55 | 0.23 | 0.05 | 0.23 | 3.77 | 9.68 | 17.90 | |||
| APAAF | 4.93 | 0.57 | 0.08 | 0.75 | 6.01 | 10.67 | 37.33 | |||
| ANLDF | 5.01 | 0.18 | 0.01 | 0.91 | 6.89 | 20.00 | 45.00 | |||
| PTUUF | 4.28 | 0.10 | 0.02 | (0.97) | 4.51 | 13.33 | 30.51 | |||
| STTDF | 6.63 | 0.69 | 0.06 | 0.25 | 7.89 | 17.11 | 54.31 | |||
| LMRXF | 3.14 | 0.15 | 0.04 | (0.87) | 3.90 | 7.14 | 26.80 |
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Bannerman Resources Corporate Management
Elected by the shareholders, the Bannerman Resources' board of directors comprises two types of representatives: Bannerman Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bannerman. The board's role is to monitor Bannerman Resources' management team and ensure that shareholders' interests are well served. Bannerman Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bannerman Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
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| Jim Bawden | Sustainability Mang | Profile | |
| Melvin Yeo | Chief Counsel | Profile | |
| CA CTA | CFO Sec | Profile | |
| BEc FFin | MD CEO | Profile | |
| BSc BEng | Managing Ltd | Profile |