Condor Gold Correlations
| CNDGFDelisted Stock | USD 0.38 0.00 0.00% |
The current 90-days correlation between Condor Gold Plc and Dynacor Gold Mines is -0.1 (i.e., Good diversification). The correlation of Condor Gold 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.
Condor Gold Correlation With Market
Modest diversification
The correlation between Condor Gold Plc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Condor Gold Plc and DJI in the same portfolio, assuming nothing else is changed.
Condor |
The ability to find closely correlated positions to Condor Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Condor Gold 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 Condor Gold - 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 Condor Gold Plc to buy it.
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 Condor Pink Sheet performing well and Condor Gold 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 Condor Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGDXF | 1.59 | (0.63) | 0.00 | (0.31) | 0.00 | 0.00 | 53.33 | |||
| CTCGF | 2.91 | 0.11 | 0.02 | 0.08 | 5.56 | 3.96 | 25.71 | |||
| ASGOF | 1.09 | 0.05 | 0.03 | (0.18) | 1.55 | 1.39 | 18.31 | |||
| DNGDF | 1.50 | (0.17) | 0.00 | (0.26) | 0.00 | 3.73 | 12.15 | |||
| AGRDF | 31.25 | 13.98 | 0.00 | (0.64) | 0.00 | 0.00 | 1,009 | |||
| DCCNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ARBTF | 1.93 | 0.36 | 0.06 | 0.71 | 2.41 | 8.33 | 25.36 | |||
| ADGCF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BAUFF | 4.70 | 1.86 | 0.26 | 0.99 | 2.96 | 12.57 | 56.19 | |||
| SVNTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Condor Gold 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 Condor Gold pink sheet to make a market-neutral strategy. Peer analysis of Condor Gold could also be used in its relative valuation, which is a method of valuing Condor Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Condor Gold Corporate Management
| Armando Geol | Geologist | Profile | |
| ACA ACA | Chief Officer | Profile | |
| Mario Castillo | Mang Logistics | Profile | |
| Luc English | Resident Geologist | Profile | |
| Jamil Molina | Environmental Mang | Profile | |
| Andrew Pearce | Chief Officer | Profile |
Still Interested in Condor Gold Plc?
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.