Flowery Gold Correlations

FLOD Stock

USD 0.15 0.00 0.00%

The correlation of Flowery 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.

Flowery Gold Correlation With Market

Significant diversification

The correlation between Flowery Gold Mines and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flowery Gold Mines and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Flowery 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 Flowery 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 Flowery 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 Flowery Gold Mines to buy it.

Moving against Flowery Pink Sheet

0.53	ZIJMY	Zijin Mining Group	Pair Corr
0.5	ZIJMF	Zijin Mining Group	Pair Corr
0.43	GFI	Gold Fields	Pair Corr
0.72	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.63	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.56	APLD	Applied Blockchain	Pair Corr
0.51	AVTE	Aerovate Therapeutics	Pair Corr
0.48	KB	KB Financial Group	Pair Corr
0.46	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.45	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.44	LUNR	Intuitive Machines	Pair Corr
0.41	IONQ	IONQ Inc	Pair Corr

Related Correlations Analysis

	RVLGF	GAU	USAU	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7
RVLGF		0.81	-0.3	-0.04	-0.21	-0.01	-0.52	-0.57	-0.47	-0.09	RVLGF
GAU	0.81		-0.17	-0.06	-0.15	-0.15	-0.54	-0.69	-0.29	-0.17	GAU
USAU	-0.3	-0.17		-0.5	0.1	0.31	0.48	0.17	0.85	-0.07	USAU
444859BR2	-0.04	-0.06	-0.5		0.22	-0.42	-0.36	-0.06	-0.41	-0.06	444859BR2
BRRAY	-0.21	-0.15	0.1	0.22		-0.27	-0.13	-0.2	0.18	-0.31	BRRAY
MSTSX	-0.01	-0.15	0.31	-0.42	-0.27		0.67	0.34	0.08	0.19	MSTSX
LBHIX	-0.52	-0.54	0.48	-0.36	-0.13	0.67		0.59	0.48	0.14	LBHIX
ABHYX	-0.57	-0.69	0.17	-0.06	-0.2	0.34	0.59		0.11	0.35	ABHYX
VIASP	-0.47	-0.29	0.85	-0.41	0.18	0.08	0.48	0.11		-0.19	VIASP
144285AL7	-0.09	-0.17	-0.07	-0.06	-0.31	0.19	0.14	0.35	-0.19		144285AL7
	RVLGF	GAU	USAU	444859BR2	BRRAY	MSTSX	LBHIX	ABHYX	VIASP	144285AL7

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VIASP	+ 0.85	USAU
GAU	+ 0.81	RVLGF
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.59	LBHIX
LBHIX	+ 0.48	USAU
VIASP	+ 0.48	LBHIX

High negative correlations

ABHYX	- 0.69	GAU
ABHYX	- 0.57	RVLGF
LBHIX	- 0.54	GAU
LBHIX	- 0.52	RVLGF
444859BR2	- 0.5	USAU
VIASP	- 0.47	RVLGF

Risk-Adjusted Indicators

There is a big difference between Flowery Pink Sheet performing well and Flowery 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 Flowery 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
RVLGF	2.48	(0.01)	0.00	0.25	0.00	0.00	5.26	(4.76)	18.61
GAU	2.58	0.14	(0.02)	(0.11)	2.84	(2.92)	5.26	(4.47)	19.71
USAU	2.89	0.61	0.13	(1.71)	2.68	(3.24)	9.02	(5.75)	19.63
444859BR2	1.39	(0.06)	0.00	(0.39)	0.00	0.00	5.93	(5.79)	16.62
BRRAY	1.27	(0.14)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.23)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
144285AL7	0.34	(0.02)	0.00	(0.37)	0.00	0.00	0.96	(0.95)	2.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Flowery 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?

Run Top Crypto Exchanges Now

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC