Endeavour Mining Correlations
| EDV Stock | CAD 32.29 0.50 1.52% |
The current 90-days correlation between Endeavour Mining Corp and Alamos Gold is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endeavour Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Mining Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Endeavour Mining Correlation With Market
Average diversification
The correlation between Endeavour Mining Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Endeavour Mining Corp and DJI in the same portfolio, assuming nothing else is changed.
Endeavour |
The ability to find closely correlated positions to Endeavour 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 Endeavour 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 Endeavour 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 Endeavour Mining Corp to buy it.
Moving together with Endeavour Stock
| 0.95 | ORE | Orezone Gold Corp | PairCorr |
| 0.79 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.63 | CHEV | CHEVRON CDR | PairCorr |
Moving against Endeavour Stock
| 0.74 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.67 | IE | Ivanhoe Energy | PairCorr |
| 0.62 | AAPL | Apple Inc CDR | PairCorr |
| 0.51 | GOOG | Alphabet CDR | PairCorr |
| 0.39 | AMZN | Amazon CDR | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Endeavour Stock performing well and Endeavour 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 Endeavour 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSRM | 2.29 | 0.68 | 0.28 | 0.65 | 2.04 | 4.98 | 16.59 | |||
| CG | 1.72 | 0.11 | 0.05 | 0.15 | 2.56 | 3.82 | 11.12 | |||
| AGI | 1.51 | 0.48 | 0.23 | 0.87 | 1.47 | 3.79 | 8.00 | |||
| OR | 1.40 | 0.14 | 0.10 | 0.42 | 1.53 | 3.15 | 6.88 | |||
| MAG | 2.35 | 0.26 | 0.09 | 0.27 | 2.61 | 6.40 | 13.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Endeavour 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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Endeavour Mining Corporate Management
Elected by the shareholders, the Endeavour Mining's board of directors comprises two types of representatives: Endeavour Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Endeavour. The board's role is to monitor Endeavour Mining's management team and ensure that shareholders' interests are well served. Endeavour Mining'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, Endeavour Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Denis PEng | Chief Underground | Profile | |
| Jack Garman | Vice Relations | Profile | |
| Samantha Campbell | Executive Counsel | Profile | |
| Pascal Bernasconi | Sustainability Affairs | Profile |