Gold Correlations

GGSM Stock

USD 0.0007 0.0001 12.50%

The current 90-days correlation between Gold And Gemstone and Mexus Gold Us is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold And Gemstone moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Gold Correlation With Market

Significant diversification

The correlation between Gold And Gemstone and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold And Gemstone and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 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 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 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 Gold And Gemstone to buy it.

Moving together with Gold Pink Sheet

0.68	CHKEL	Chesapeake Energy Symbol Change	Pair Corr
0.75	PPERY	Bank Mandiri Persero	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.66	BKRKF	PT Bank Rakyat	Pair Corr
0.82	BKRKY	Bank Rakyat	Pair Corr
0.7	PBCRY	Bank Central Asia	Pair Corr
0.67	PTBRY	Bank Negara Indonesia	Pair Corr
0.65	SHG	Shinhan Financial	Pair Corr

Moving against Gold Pink Sheet

0.71	ASTSW	AST SpaceMobile	Pair Corr
0.68	ATCOL	Atlas Corp	Pair Corr
0.62	PCTTW	PureCycle Technologies	Pair Corr
0.54	GCMGW	GCM Grosvenor	Pair Corr
0.41	MAPSW	WM Technology	Pair Corr
0.75	YPF	YPF Sociedad Anonima	Pair Corr
0.74	TGTX	TG Therapeutics	Pair Corr
0.73	RELY	Remitly Global	Pair Corr
0.71	BSIG	Brightsphere Investment	Pair Corr
0.68	DMRC	Digimarc	Pair Corr
0.62	GM	General Motors Aggressive Push	Pair Corr
0.61	PETS	PetMed Express	Pair Corr
0.48	CEROW	CERo Therapeutics Symbol Change	Pair Corr
0.48	M	Macys Inc	Pair Corr
0.44	TOEYF	Toro Energy Limited	Pair Corr
0.78	HUT	Hut 8 Corp Upward Rally	Pair Corr
0.78	PWOD	Penns Woods Bancorp	Pair Corr
0.76	MAR	Marriott International	Pair Corr
0.73	AS	Amer Sports,	Pair Corr

Related Correlations Analysis

	SDRC	BRGC	MXSG	PLG	BYRG	RITE	CRTIF	ASLRF	AUMN	GATO
SDRC		0.72	0.0	-0.27	0.64	-0.56	0.64	0.44	0.03	-0.1	SDRC
BRGC	0.72		-0.02	-0.04	0.61	-0.69	0.79	0.64	0.29	0.16	BRGC
MXSG	0.0	-0.02		0.62	-0.17	-0.28	-0.33	-0.29	0.43	0.67	MXSG
PLG	-0.27	-0.04	0.62		-0.32	-0.22	-0.18	-0.28	0.82	0.82	PLG
BYRG	0.64	0.61	-0.17	-0.32		-0.43	0.59	0.28	-0.02	-0.19	BYRG
RITE	-0.56	-0.69	-0.28	-0.22	-0.43		-0.47	-0.42	-0.31	-0.45	RITE
CRTIF	0.64	0.79	-0.33	-0.18	0.59	-0.47		0.54	0.17	-0.05	CRTIF
ASLRF	0.44	0.64	-0.29	-0.28	0.28	-0.42	0.54		0.04	-0.04	ASLRF
AUMN	0.03	0.29	0.43	0.82	-0.02	-0.31	0.17	0.04		0.74	AUMN
GATO	-0.1	0.16	0.67	0.82	-0.19	-0.45	-0.05	-0.04	0.74		GATO
	SDRC	BRGC	MXSG	PLG	BYRG	RITE	CRTIF	ASLRF	AUMN	GATO

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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

AUMN	+ 0.82	PLG
GATO	+ 0.82	PLG
CRTIF	+ 0.79	BRGC
GATO	+ 0.74	AUMN
BRGC	+ 0.72	SDRC
GATO	+ 0.67	MXSG

High negative correlations

RITE	- 0.69	BRGC
RITE	- 0.56	SDRC
CRTIF	- 0.47	RITE
GATO	- 0.45	RITE
RITE	- 0.43	BYRG
ASLRF	- 0.42	RITE

Risk-Adjusted Indicators

There is a big difference between Gold Pink Sheet performing well and 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 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
SDRC	3.14	0.38	0.04	1.02	3.91	(8.25)	7.69	(7.69)	21.03
BRGC	5.38	(0.75)	0.00	(0.76)	0.00	0.00	10.29	(13.83)	33.73
MXSG	41.82	20.28	0.00	(1.40)	0.00	0.00	0.00	0.00	1,493
PLG	3.95	0.04	0.00	0.33	4.05	(4.89)	9.50	(6.90)	25.39
BYRG	6.36	(0.40)	0.00	(0.34)	0.00	0.00	14.29	(14.29)	43.01
RITE	10.56	1.15	0.07	0.26	9.99	(24.56)	25.00	(20.00)	54.29
CRTIF	16.02	4.55	0.13	(2.80)	15.32	(48.21)	24.58	(31.82)	449.50
ASLRF	74.14	34.64	0.66	0.89	19.83	(249.22)	65.22	(50.00)	2,179
AUMN	5.51	(1.16)	0.00	(0.72)	0.00	0.00	12.50	(16.67)	39.60
GATO	2.71	(0.10)	0.00	0.22	0.00	0.00	6.82	(5.14)	22.78

Be your own money manager

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

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