Gold Resource Correlations

Gold Resource Correlation With Market

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Resource. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. To learn how to invest in Gold Stock, please use our How to Invest in Gold Resource guide.

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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    HMY + 0.95 KGC KGC + 0.88 NGD HMY + 0.88 NGD HMY + 0.87 AGI KGC + 0.85 IAG KGC + 0.84 AGI

High negative correlations    AGI - 0.37 EGO HMY - 0.3 EGO KGC - 0.25 EGO AGI - 0.07 CDE EGO - 0.07 IAG

Risk-Adjusted Indicators

There is a big difference between Gold Stock performing well and Gold Resource 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 Resource'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.