Fremont Gold Correlations

FRERFDelisted Stock  USD 0.09  0.00  0.00%   
The current 90-days correlation between Fremont Gold and BTU Metals Corp is 0.12 (i.e., Average diversification). The correlation of Fremont 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.

Fremont Gold Correlation With Market

Very good diversification

The correlation between Fremont Gold and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fremont Gold and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fremont 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 Fremont 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 Fremont 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 Fremont Gold to buy it.

Moving together with Fremont OTC Stock

  0.62MRK Merck CompanyPairCorr

Moving against Fremont OTC Stock

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  0.69NEM Newmont Goldcorp CorpPairCorr
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  0.66AEM Agnico Eagle Mines Sell-off TrendPairCorr
  0.66BAOB Baraboo BancorporationPairCorr
  0.6WPM Wheaton Precious MetalsPairCorr
  0.59GOLD Barrick Gold CorpPairCorr
  0.58ZIJMY Zijin Mining GroupPairCorr
  0.55ZIJMF Zijin Mining GroupPairCorr
  0.44TCTZF Tencent Holdings Downward RallyPairCorr
  0.34TPII Triad Pro InnovatorsPairCorr
  0.74AXSM Axsome TherapeuticsPairCorr
  0.71GE GE AerospacePairCorr
  0.69IBM International BusinessPairCorr
  0.64CSCO Cisco SystemsPairCorr
  0.64T ATT Inc Earnings Call This WeekPairCorr
  0.61DD Dupont De NemoursPairCorr
  0.59JNJ Johnson JohnsonPairCorr
  0.58KO Coca ColaPairCorr
  0.52JPM JPMorgan Chase Sell-off TrendPairCorr
  0.45MCD McDonaldsPairCorr
  0.45INTC IntelPairCorr
  0.43WMT WalmartPairCorr
  0.32TRV The Travelers CompaniesPairCorr

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   
FGLDFRIOFF
HUMRFRIOFF
HUMRFFGLDF
NRRSFEQTRF
RDEXFRIOFF
HUMRFRDEXF
  
High negative correlations   
FGLDFEQTRF
RIOFFEQTRF
NRRSFFGLDF
HUMRFEQTRF
NRRSFPUMXF
HUMRFNRRSF

Risk-Adjusted Indicators

There is a big difference between Fremont OTC Stock performing well and Fremont 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 Fremont 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
EQTRF  3.42 (0.06) 0.02 (0.02) 4.08 
 6.38 
 25.27 
RIOFF  2.51  0.40  0.14 (0.98) 2.58 
 4.76 
 17.77 
NSRPF  4.02  0.43  0.09  0.34  4.33 
 8.78 
 28.09 
LOMLF  4.18  0.67  0.07  0.32  4.80 
 10.00 
 37.57 
PUMXF  3.45  0.21  0.02 (0.39) 5.26 
 16.67 
 36.67 
ENDGF  1.15 (0.06) 0.00 (0.17) 0.00 
 0.00 
 29.29 
RDEXF  3.15  0.24  0.03  0.03  4.61 
 8.40 
 36.69 
FGLDF  8.33  0.57  0.07 (0.29) 9.31 
 20.00 
 52.10 
NRRSF  4.04  0.13  0.02 (0.16) 5.69 
 10.00 
 41.26 
HUMRF  6.03  0.99  0.06 (7.01) 7.03 
 25.00 
 75.14 

View Fremont Gold Related Equities

 Risk & Return  Correlation

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