Cerrado Gold Correlations
| CRDOF Stock | USD 0.26 0.01 4.00% |
The current 90-days correlation between Cerrado Gold and Vertiv Holdings Co is -0.01 (i.e., Good diversification). The correlation of Cerrado 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.
Cerrado Gold Correlation With Market
Good diversification
The correlation between Cerrado Gold 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 Cerrado Gold and DJI in the same portfolio, assuming nothing else is changed.
Cerrado |
The ability to find closely correlated positions to Cerrado 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 Cerrado 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 Cerrado 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 Cerrado Gold to buy it.
Moving together with Cerrado OTC Stock
| 0.63 | WPM | Wheaton Precious Metals | PairCorr |
| 0.82 | NVDA | NVIDIA | PairCorr |
| 0.71 | IONQ | IONQ Inc | PairCorr |
| 0.74 | VRT | Vertiv Holdings | PairCorr |
| 0.67 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.65 | NDAQ | Nasdaq Inc | PairCorr |
| 0.66 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.76 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.79 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.63 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.69 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.65 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.66 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Cerrado OTC Stock
| 0.56 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.52 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.46 | NCMGF | Newcrest Mining | PairCorr |
| 0.44 | NCMGY | Newcrest Mining | PairCorr |
| 0.41 | GOLD | Barrick Gold Corp | PairCorr |
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.77 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.56 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.56 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.31 | VZ | Verizon Communications Aggressive Push | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cerrado OTC Stock performing well and Cerrado Gold 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 Cerrado 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VRT | 2.42 | 0.52 | 0.20 | 0.38 | 2.46 | 5.87 | 20.36 | |||
| NDAQ | 0.78 | 0.16 | 0.12 | 0.36 | 0.75 | 1.86 | 5.20 | |||
| MCD | 0.72 | (0.03) | (0.06) | 0.07 | 1.33 | 1.46 | 6.70 | |||
| WMT | 0.82 | 0.27 | 0.16 | 2.97 | 0.74 | 1.90 | 4.33 | |||
| CAT | 1.33 | 0.01 | 0.07 | 0.12 | 1.36 | 3.36 | 12.38 | |||
| HPQ | 1.50 | (0.15) | 0.00 | (0.01) | 0.00 | 2.22 | 6.13 | |||
| VZ | 0.98 | 0.12 | 0.01 | 1.63 | 1.28 | 2.16 | 8.86 | |||
| INTC | 2.38 | 0.03 | 0.06 | 0.13 | 2.64 | 6.36 | 18.29 | |||
| BAC | 1.07 | 0.12 | 0.19 | 0.20 | 0.64 | 2.19 | 9.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cerrado Gold 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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Cerrado Gold Corporate Management
Elected by the shareholders, the Cerrado Gold's board of directors comprises two types of representatives: Cerrado Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cerrado. The board's role is to monitor Cerrado Gold's management team and ensure that shareholders' interests are well served. Cerrado Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cerrado Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Casper Groenewald | Chief Officer | Profile | |
| PMP PEng | VP Services | Profile | |
| Kurt Menchen | Pres Director | Profile | |
| Veronica Nohara | Pres Argentina | Profile | |
| Sergio PGeo | VP Exploration | Profile | |
| Clifford HaleSanders | President | Profile | |
| MBA LLB | Gen VP | Profile |