Galiano Gold Correlations

GAU Stock

USD 1.34 0.09 7.20%

The current 90-days correlation between Galiano Gold and Avino Silver Gold is 0.4 (i.e., Very weak diversification). The correlation of Galiano 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Galiano Gold Correlation With Market

Very good diversification

The correlation between Galiano Gold and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galiano Gold and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Galiano Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more information on how to buy Galiano Stock please use our How to Invest in Galiano Gold guide.

Moving together with Galiano Stock

0.65	BTG	B2Gold Corp Aggressive Push	Pair Corr
0.61	GLDG	GoldMining	Pair Corr

Moving against Galiano Stock

0.51	CF	CF Industries Holdings	Pair Corr
0.43	FF	FutureFuel Corp	Pair Corr
0.4	CC	Chemours	Pair Corr
0.33	CE	Celanese	Pair Corr

Related Correlations Analysis

	ASM	USAS	PZG	FURY	EQX
ASM		0.8	0.29	0.56	0.86	ASM
USAS	0.8		0.47	0.54	0.87	USAS
PZG	0.29	0.47		0.08	0.26	PZG
FURY	0.56	0.54	0.08		0.5	FURY
EQX	0.86	0.87	0.26	0.5		EQX
	ASM	USAS	PZG	FURY	EQX

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Risk-Adjusted Indicators

There is a big difference between Galiano Stock performing well and Galiano 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 Galiano 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
ASM	3.96	1.18	0.29	(4.98)	3.63	(5.02)	8.65	(6.20)	24.89
USAS	3.00	0.46	0.10	(1.74)	4.18	(3.60)	6.38	(6.00)	21.73
PZG	2.98	0.23	0.07	(0.94)	3.31	(4.52)	5.71	(5.41)	20.63
FURY	2.26	0.12	0.06	(1.35)	2.38	(3.85)	5.41	(5.13)	18.43
EQX	2.52	0.51	0.23	(1.56)	2.25	(3.12)	5.29	(4.43)	15.85

Galiano Gold Corporate Management

Gordon Fretwell	Independent Director	Profile
Chris Pettman	Vice Exploration	Profile
Krista BCom	Senior Communications	Profile
Benjamin Adoo	Ex Ghana	Profile
Todd Romaine	Executive Vice President Sustainability	Profile
Frederick Attakumah	Ex AGGL	Profile

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