BTU Metals Correlations

BTUMF Stock

USD 0.02 0.00 0.00%

The current 90-days correlation between BTU Metals Corp and Codexis is -0.02 (i.e., Good diversification). The correlation of BTU 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.

BTU Metals Correlation With Market

Good diversification

The correlation between BTU Metals Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BTU Metals Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BTU 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 BTU 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 BTU 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 BTU Metals Corp to buy it.

Moving together with BTU OTC Stock

0.67	GOLD	Barrick Gold Corp	Pair Corr
0.63	WPM	Wheaton Precious Metals	Pair Corr
0.64	T	ATT Inc Aggressive Push	Pair Corr
0.71	KO	Coca Cola Aggressive Push	Pair Corr
0.68	INTC	Intel	Pair Corr

Moving against BTU OTC Stock

0.44	MSFT	Microsoft	Pair Corr
0.42	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	CDXS	BNTX	ECL	AXTA	CF	LXFR	ARDX	KBDCY
CDXS		0.02	-0.51	-0.08	0.28	-0.34	-0.39	-0.26	CDXS
BNTX	0.02		0.2	0.08	0.04	0.14	0.45	0.1	BNTX
ECL	-0.51	0.2		0.4	-0.51	0.68	0.46	-0.02	ECL
AXTA	-0.08	0.08	0.4		0.14	0.74	0.35	-0.81	AXTA
CF	0.28	0.04	-0.51	0.14		-0.09	0.06	-0.2	CF
LXFR	-0.34	0.14	0.68	0.74	-0.09		0.46	-0.36	LXFR
ARDX	-0.39	0.45	0.46	0.35	0.06	0.46		-0.07	ARDX
KBDCY	-0.26	0.1	-0.02	-0.81	-0.2	-0.36	-0.07		KBDCY
	CDXS	BNTX	ECL	AXTA	CF	LXFR	ARDX	KBDCY

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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

LXFR	+ 0.74	AXTA
LXFR	+ 0.68	ECL
ARDX	+ 0.46	ECL
ARDX	+ 0.46	LXFR
ARDX	+ 0.45	BNTX
AXTA	+ 0.4	ECL

High negative correlations

KBDCY	- 0.81	AXTA
CF	- 0.51	ECL
ECL	- 0.51	CDXS
ARDX	- 0.39	CDXS
KBDCY	- 0.36	LXFR
LXFR	- 0.34	CDXS

Risk-Adjusted Indicators

There is a big difference between BTU OTC Stock performing well and BTU 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 BTU 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDXS	2.90	0.04	0.01	0.04	3.78	(2.86)	6.47	(6.63)	23.04
BNTX	2.50	0.15	0.05	0.32	2.70	(2.91)	5.96	(4.92)	14.87
ECL	0.82	0.14	0.13	0.22	0.89	(0.89)	1.63	(1.36)	7.21
AXTA	1.22	(0.07)	0.00	(0.07)	0.00	0.00	2.02	(2.52)	11.25
CF	1.70	(0.15)	0.00	(0.20)	0.00	0.00	3.13	(4.59)	15.08
LXFR	1.72	(0.14)	0.00	(0.16)	0.00	0.00	2.64	(3.83)	7.65
ARDX	3.19	0.21	0.04	0.08	4.28	(3.60)	8.32	(7.87)	27.51
KBDCY	0.07	0.02	0.00	(0.15)	0.00	0.00	0.00	0.00	2.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in BTU 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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BTU Metals Corporate Management

Elected by the shareholders, the BTU Metals' board of directors comprises two types of representatives: BTU Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BTU. The board's role is to monitor BTU Metals' management team and ensure that shareholders' interests are well served. BTU Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BTU Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.

Paul Wood	CEO Director	Profile
Michael England	Pres Director	Profile
BSc BSc	VP Exploration	Profile
Dennis Logan	Chief Officer	Profile

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