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 -0.01 (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

Very good diversification

The correlation between Condor Gold Plc and DJI is -0.25 (i.e., Very good 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.
  
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.

Moving against Condor Pink Sheet

  0.49AXP American ExpressPairCorr
  0.31MMM 3M CompanyPairCorr

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   
ASGOFAGDXF
BAUFFARBTF
AGRDFAGDXF
DNGDFAGDXF
BAUFFAGRDF
BAUFFCTCGF
  
High negative correlations   
BAUFFDNGDF
ARBTFAGDXF
CTCGFAGDXF
ARBTFASGOF
ASGOFCTCGF
BAUFFAGDXF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AGDXF  9.94  0.46  0.00 (0.25) 0.00 
 0.00 
 300.00 
CTCGF  5.96  0.01  0.01 (0.03) 7.57 
 21.33 
 48.97 
ASGOF  0.98 (0.28) 0.00  1.69  0.00 
 0.00 
 14.29 
DNGDF  1.41 (0.19) 0.00 (0.27) 0.00 
 3.07 
 12.15 
AGRDF  30.81  13.77  0.00 (1.12) 0.00 
 0.00 
 1,100 
DCCNF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
ARBTF  2.45  0.39  0.06  1.20  2.79 
 8.33 
 42.51 
ADGCF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
BAUFF  4.16  1.10  0.10  0.43  4.02 
 23.05 
 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 GeolGeologistProfile
ACA ACAChief OfficerProfile
Mario CastilloMang LogisticsProfile
Luc EnglishResident GeologistProfile
Jamil MolinaEnvironmental MangProfile
Andrew PearceChief OfficerProfile

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.