Fireweed Zinc Correlations

FWEDF Stock

USD 1.15 0.03 2.54%

The current 90-days correlation between Fireweed Zinc and Australian Vanadium Limited is -0.02 (i.e., Good diversification). The correlation of Fireweed Zinc 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.

Fireweed Zinc Correlation With Market

Good diversification

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

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

Moving together with Fireweed OTC Stock

0.71	RIO	Rio Tinto ADR	Pair Corr
0.69	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.84	NVRO	Nevro Corp	Pair Corr
0.78	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.83	BAOB	Baraboo Bancorporation	Pair Corr
0.75	GE	GE Aerospace	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.76	KO	Coca Cola	Pair Corr
0.71	VZ	Verizon Communications	Pair Corr
0.62	INTC	Intel	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.82	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Fireweed OTC Stock

0.76	MSFT	Microsoft	Pair Corr
0.66	GLCNF	Glencore PLC	Pair Corr
0.66	GLNCY	Glencore PLC ADR	Pair Corr
0.55	AA	Alcoa Corp	Pair Corr
0.55	DIS	Walt Disney	Pair Corr
0.42	HPQ	HP Inc	Pair Corr
0.4	AXP	American Express	Pair Corr
0.34	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	GGTHF	AVCVF	GBLEF	LMMFF	LEMIF	MSMGF	CCOB	ASMMF	CBRSF	EDDYF
GGTHF		-0.33	-0.2	0.05	0.09	-0.18	0.0	0.11	-0.09	-0.22	GGTHF
AVCVF	-0.33		0.16	0.37	-0.43	0.25	0.0	0.27	0.49	0.57	AVCVF
GBLEF	-0.2	0.16		0.22	-0.02	0.15	0.0	0.21	0.02	0.08	GBLEF
LMMFF	0.05	0.37	0.22		-0.79	-0.19	0.0	0.76	0.42	0.07	LMMFF
LEMIF	0.09	-0.43	-0.02	-0.79		0.39	0.0	-0.77	-0.42	0.1	LEMIF
MSMGF	-0.18	0.25	0.15	-0.19	0.39		0.0	-0.42	0.0	0.48	MSMGF
CCOB	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CCOB
ASMMF	0.11	0.27	0.21	0.76	-0.77	-0.42	0.0		0.23	-0.21	ASMMF
CBRSF	-0.09	0.49	0.02	0.42	-0.42	0.0	0.0	0.23		0.31	CBRSF
EDDYF	-0.22	0.57	0.08	0.07	0.1	0.48	0.0	-0.21	0.31		EDDYF
	GGTHF	AVCVF	GBLEF	LMMFF	LEMIF	MSMGF	CCOB	ASMMF	CBRSF	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

ASMMF	+ 0.76	LMMFF
EDDYF	+ 0.57	AVCVF
CBRSF	+ 0.49	AVCVF
EDDYF	+ 0.48	MSMGF
CBRSF	+ 0.42	LMMFF
MSMGF	+ 0.39	LEMIF

High negative correlations

LEMIF	- 0.79	LMMFF
ASMMF	- 0.77	LEMIF
LEMIF	- 0.43	AVCVF
ASMMF	- 0.42	MSMGF
CBRSF	- 0.42	LEMIF
AVCVF	- 0.33	GGTHF

Risk-Adjusted Indicators

There is a big difference between Fireweed OTC Stock performing well and Fireweed Zinc 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 Fireweed Zinc'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
GGTHF	38.10	13.01	0.33	(0.97)	22.80	(102.97)	126.13	(60.82)	464.86
AVCVF	0.46	(0.28)	0.00	0.47	0.00	0.00	0.00	0.00	15.32
GBLEF	6.41	0.91	0.03	0.41	9.87	(21.93)	18.63	(27.01)	105.35
LMMFF	3.06	(0.55)	0.00	(0.47)	0.00	0.00	6.14	(7.55)	66.54
LEMIF	8.78	2.37	0.23	0.98	7.83	(11.43)	27.91	(14.29)	67.21
MSMGF	3.79	(0.07)	0.00	0.21	0.00	0.00	11.37	(13.77)	37.58
CCOB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASMMF	1.55	(0.30)	0.00	0.46	0.00	0.00	4.00	(3.85)	31.88
CBRSF	16.16	4.19	0.08	8.46	14.83	(137.50)	50.00	(50.00)	366.67
EDDYF	2.64	0.08	0.02	(0.19)	4.30	(14.65)	8.23	(10.46)	52.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fireweed Zinc 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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Fireweed Zinc Corporate Management

Elected by the shareholders, the Fireweed Zinc's board of directors comprises two types of representatives: Fireweed Zinc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fireweed. The board's role is to monitor Fireweed Zinc's management team and ensure that shareholders' interests are well served. Fireweed Zinc'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, Fireweed Zinc's outside directors are responsible for providing unbiased perspectives on the board's policies.

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