Base Resources Correlations
| BSRUFDelisted Stock | USD 0.20 0.00 0.00% |
The current 90-days correlation between Base Resources and Macmahon Holdings Limited is -0.01 (i.e., Good diversification). The correlation of Base 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.
Base Resources Correlation With Market
Modest diversification
The correlation between Base Resources Limited and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Base Resources Limited and DJI in the same portfolio, assuming nothing else is changed.
Base |
The ability to find closely correlated positions to Base 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 Base 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 Base 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 Base Resources Limited to buy it.
Moving together with Base Pink Sheet
| 0.62 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.83 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.68 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.89 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Base Pink Sheet
| 0.82 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.8 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.6 | GLCNF | Glencore PLC | PairCorr |
| 0.6 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.45 | BHP | BHP Group Limited | PairCorr |
| 0.42 | RIO | Rio Tinto ADR | PairCorr |
| 0.39 | RTPPF | Rio Tinto Group | PairCorr |
| 0.34 | RTNTF | Rio Tinto Group | PairCorr |
Related Correlations Analysis
| -0.29 | 0.15 | 0.26 | -0.23 | MCHHF | ||
| -0.29 | -0.5 | -0.24 | 0.35 | RKMSF | ||
| 0.15 | -0.5 | 0.02 | -0.29 | HUDRF | ||
| 0.26 | -0.24 | 0.02 | 0.12 | TGOLF | ||
| -0.23 | 0.35 | -0.29 | 0.12 | PMDRF | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Base Pink Sheet performing well and Base Resources 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 Base 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCHHF | 1.39 | 0.19 | 0.00 | 0.35 | 0.00 | 4.55 | 31.58 | |||
| RKMSF | 3.94 | (0.26) | 0.00 | (2.19) | 0.00 | 10.00 | 97.50 | |||
| HUDRF | 10.09 | 2.35 | 0.00 | 3.23 | 0.00 | 28.00 | 150.00 | |||
| TGOLF | 9.24 | 1.68 | 0.10 | 1.15 | 9.44 | 31.80 | 144.33 | |||
| PMDRF | 1.20 | (0.41) | 0.00 | (0.35) | 0.00 | 0.00 | 40.00 |
Base Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Base Resources pink sheet to make a market-neutral strategy. Peer analysis of Base Resources could also be used in its relative valuation, which is a method of valuing Base Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Base Resources Corporate Management
| Colin Forbes | General Manager - Environment & Community Affairs | Profile | |
| Jean Ramahefarivo | Gen Madagascar | Profile | |
| James Fuller | Ma Relations | Profile | |
| CPA BBus | Chief Officer | Profile | |
| Andre Greyling | Gen Devel | Profile | |
| BCom BCom | MD Director | Profile | |
| Stephen Hay | General Manager - Marketing | Profile |
Still Interested in Base Resources Limited?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.