Clifton Mining Correlations
| CFTN Stock | USD 0.05 0.01 25.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clifton Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clifton Mining Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Clifton Mining Correlation With Market
Good diversification
The correlation between Clifton Mining Co and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Clifton Mining Co and DJI in the same portfolio, assuming nothing else is changed.
Clifton |
The ability to find closely correlated positions to Clifton 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 Clifton 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 Clifton 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 Clifton Mining Co to buy it.
Moving against Clifton Pink Sheet
| 0.34 | HWM | Howmet Aerospace | PairCorr |
| 0.31 | AGI | Alamos Gold | PairCorr |
| 0.58 | NTRP | NextTrip Symbol Change | PairCorr |
| 0.55 | ATRC | AtriCure | PairCorr |
| 0.51 | KPLTW | Katapult Holdings Equity | PairCorr |
| 0.46 | GPI | Group 1 Automotive | PairCorr |
Related Correlations Analysis
| 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 Clifton Pink Sheet performing well and Clifton Mining 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 Clifton Mining's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DDNFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRTIF | 4.67 | 1.33 | 0.00 | 0.96 | 0.00 | 12.68 | 70.58 | |||
| ASDZF | 7.89 | 1.31 | 0.06 | 4.76 | 8.69 | 35.29 | 81.95 | |||
| CMILF | 121.04 | 57.69 | 0.93 | (2.43) | 18.01 | 14.29 | 3,419 | |||
| DNRSF | 3.61 | (0.15) | 0.00 | 0.12 | 0.00 | 9.80 | 45.86 | |||
| ASLRF | 68.44 | 28.99 | 0.59 | (0.32) | 21.90 | 123.08 | 1,826 | |||
| PEXZF | 5.92 | (0.64) | 0.00 | (1.53) | 0.00 | 12.50 | 33.57 | |||
| SWLFF | 6.05 | (0.28) | 0.00 | (3.72) | 0.00 | 17.89 | 60.28 | |||
| MNMRF | 11.18 | 2.67 | 0.18 | (0.66) | 10.56 | 35.74 | 75.40 | |||
| LECRF | 4.27 | (0.24) | 0.00 | 0.08 | 0.00 | 13.00 | 28.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Clifton 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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Clifton Mining Corporate Management
| Robert Holladay | Director | Profile | |
| Kenneth Friedman | President | Profile | |
| Scott Moeller | Treasurer, CFO | Profile | |
| Keith Moeller | Exploration VP | Profile |