CopAur Minerals Correlations

COPAF Stock

USD 0.07 0.01 7.90%

The current 90-days correlation between CopAur Minerals and Qubec Nickel Corp is 0.02 (i.e., Significant diversification). The correlation of CopAur Minerals 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.

CopAur Minerals Correlation With Market

Good diversification

The correlation between CopAur Minerals and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CopAur Minerals and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to CopAur Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CopAur Minerals 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 CopAur Minerals - 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 CopAur Minerals to buy it.

Moving together with CopAur OTC Stock

0.62	GLCNF	Glencore PLC	Pair Corr
0.62	GLNCY	Glencore PLC ADR	Pair Corr
0.76	SHG	Shinhan Financial	Pair Corr
0.82	BCH	Banco De Chile	Pair Corr
0.71	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.83	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against CopAur OTC Stock

0.81	FNMFO	Federal National Mortgage	Pair Corr
0.63	AVAL	Grupo Aval	Pair Corr
0.47	CIB	Bancolombia SA ADR	Pair Corr
0.39	ITCL	Banco Ita Chile	Pair Corr
0.87	DIS	Walt Disney Sell-off Trend	Pair Corr
0.83	WMT	Walmart	Pair Corr
0.8	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.79	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.57	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.52	HD	Home Depot	Pair Corr
0.35	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	QNICF	IIDDY	FCSMF	MALRY	ANSNF	AVRTF	ADTLF	AUMTF	EDDYF
QNICF		0.05	0.03	0.12	0.15	0.54	0.12	0.4	0.28	QNICF
IIDDY	0.05		-0.66	-0.6	-0.7	-0.52	0.66	-0.17	0.14	IIDDY
FCSMF	0.03	-0.66		0.15	0.55	0.52	-0.49	0.12	-0.05	FCSMF
MALRY	0.12	-0.6	0.15		0.44	0.53	-0.06	0.19	0.07	MALRY
ANSNF	0.15	-0.7	0.55	0.44		0.65	-0.43	0.46	-0.19	ANSNF
AVRTF	0.54	-0.52	0.52	0.53	0.65		-0.1	0.56	0.16	AVRTF
ADTLF	0.12	0.66	-0.49	-0.06	-0.43	-0.1		0.07	0.36	ADTLF
AUMTF	0.4	-0.17	0.12	0.19	0.46	0.56	0.07		0.04	AUMTF
EDDYF	0.28	0.14	-0.05	0.07	-0.19	0.16	0.36	0.04		EDDYF
	QNICF	IIDDY	FCSMF	MALRY	ANSNF	AVRTF	ADTLF	AUMTF	EDDYF

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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

ADTLF	+ 0.66	IIDDY
AVRTF	+ 0.65	ANSNF
AUMTF	+ 0.56	AVRTF
ANSNF	+ 0.55	FCSMF
AVRTF	+ 0.54	QNICF
AVRTF	+ 0.53	MALRY

High negative correlations

ANSNF	- 0.7	IIDDY
FCSMF	- 0.66	IIDDY
MALRY	- 0.6	IIDDY
AVRTF	- 0.52	IIDDY
ADTLF	- 0.49	FCSMF
ADTLF	- 0.43	ANSNF

Risk-Adjusted Indicators

There is a big difference between CopAur OTC Stock performing well and CopAur Minerals 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 CopAur Minerals' 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
QNICF	13.30	6.07	0.00	(1.24)	0.00	0.00	9.09	0.00	133.99
IIDDY	0.60	0.33	0.00	(0.45)	0.00	0.00	0.00	0.00	16.28
FCSMF	5.85	0.54	0.01	(0.12)	6.83	(16.37)	17.00	(16.67)	36.67
MALRY	4.15	0.29	0.06	0.39	5.05	(4.56)	8.13	(7.29)	35.16
ANSNF	5.04	0.00	0.00	0.11	0.00	0.00	27.27	(21.87)	76.49
AVRTF	2.52	(1.46)	0.00	(0.87)	0.00	0.00	0.00	0.00	84.29
ADTLF	1.88	0.61	0.10	(9.75)	1.57	(4.74)	5.20	(4.49)	25.51
AUMTF	2.07	(0.83)	0.00	(1.40)	0.00	0.00	0.00	0.00	73.07
EDDYF	6.40	0.79	0.03	(0.77)	8.55	(21.82)	31.94	(20.14)	87.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in CopAur Minerals 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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CopAur Minerals Corporate Management

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

Taryn Downing	Co Sec	Profile
Jeremy Yaseniuk	CEO Director	Profile
Conrad Swanson	Chairman Pres	Profile
CGA CPA	Chief Officer	Profile

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