Silver Hammer Correlations

HAMRF Stock

USD 0.07 0.01 8.00%

The current 90-days correlation between Silver Hammer Mining and Arizona Silver Exploration is 0.01 (i.e., Significant diversification). The correlation of Silver Hammer 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.

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

Moving together with Silver Pink Sheet

0.72	PAAS	Pan American Silver	Pair Corr
0.86	SVM	Silvercorp Metals	Pair Corr
0.76	DSVSF	Discovery Metals Corp Earnings Call This Week	Pair Corr
0.83	VWAPY	Volkswagen AG Pref	Pair Corr
0.83	VLKAF	Volkswagen AG	Pair Corr
0.83	VWAGY	Volkswagen AG 110	Pair Corr
0.81	VLKPF	Volkswagen AG VZO	Pair Corr
0.65	GLU	Gabelli Global Utility	Pair Corr
0.62	HROWM	Harrow Health, 11875	Pair Corr
0.73	WM	Waste Management	Pair Corr
0.86	KO	Coca Cola	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.67	IBM	International Business	Pair Corr
0.84	VZ	Verizon Communications	Pair Corr
0.74	MCD	McDonalds	Pair Corr
0.86	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Silver Pink Sheet

0.72	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.43	HNHPF	Hon Hai Precision	Pair Corr
0.35	ACN	Accenture plc	Pair Corr
0.79	MSFT	Microsoft Aggressive Push	Pair Corr
0.64	AXP	American Express	Pair Corr
0.6	BAC	Bank of America Aggressive Push	Pair Corr
0.58	DIS	Walt Disney	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.47	BA	Boeing	Pair Corr

Related Correlations Analysis

	AZASF	DOLLF	RSNVF	GSVRF	ANPMF	BADEF	APGOF	SLVRF	DSVSF	ISVLF
AZASF		-0.41	0.89	0.07	-0.69	-0.54	-0.62	-0.58	-0.82	0.6	AZASF
DOLLF	-0.41		-0.58	0.57	0.73	0.59	0.8	0.83	0.72	0.01	DOLLF
RSNVF	0.89	-0.58		-0.17	-0.8	-0.49	-0.69	-0.72	-0.91	0.58	RSNVF
GSVRF	0.07	0.57	-0.17		0.31	-0.07	0.29	0.41	0.2	0.26	GSVRF
ANPMF	-0.69	0.73	-0.8	0.31		0.52	0.71	0.78	0.89	-0.23	ANPMF
BADEF	-0.54	0.59	-0.49	-0.07	0.52		0.66	0.62	0.67	-0.22	BADEF
APGOF	-0.62	0.8	-0.69	0.29	0.71	0.66		0.87	0.82	-0.28	APGOF
SLVRF	-0.58	0.83	-0.72	0.41	0.78	0.62	0.87		0.88	-0.12	SLVRF
DSVSF	-0.82	0.72	-0.91	0.2	0.89	0.67	0.82	0.88		-0.38	DSVSF
ISVLF	0.6	0.01	0.58	0.26	-0.23	-0.22	-0.28	-0.12	-0.38		ISVLF
	AZASF	DOLLF	RSNVF	GSVRF	ANPMF	BADEF	APGOF	SLVRF	DSVSF	ISVLF

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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

RSNVF	+ 0.89	AZASF
DSVSF	+ 0.89	ANPMF
DSVSF	+ 0.88	SLVRF
SLVRF	+ 0.87	APGOF
SLVRF	+ 0.83	DOLLF
DSVSF	+ 0.82	APGOF

High negative correlations

DSVSF	- 0.91	RSNVF
DSVSF	- 0.82	AZASF
ANPMF	- 0.8	RSNVF
SLVRF	- 0.72	RSNVF
APGOF	- 0.69	RSNVF
ANPMF	- 0.69	AZASF

Risk-Adjusted Indicators

There is a big difference between Silver Pink Sheet performing well and Silver Hammer 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 Silver Hammer'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
AZASF	4.35	0.00	0.00	(0.07)	0.00	0.00	10.00	(10.00)	36.47
DOLLF	2.15	0.13	0.06	0.19	2.28	(3.06)	6.06	(4.11)	14.11
RSNVF	3.66	(0.42)	0.00	(0.53)	0.00	0.00	6.85	(5.88)	26.12
GSVRF	2.73	0.12	0.02	2.32	3.28	(11.39)	9.09	(7.69)	25.00
ANPMF	3.24	0.39	0.09	0.27	3.77	(3.47)	8.47	(5.49)	18.46
BADEF	2.90	0.20	0.08	(0.24)	2.87	(4.63)	5.26	(5.66)	24.49
APGOF	4.68	0.80	0.10	0.76	4.41	(9.83)	14.29	(6.67)	34.52
SLVRF	6.08	1.13	0.14	1.76	5.44	(9.82)	14.29	(11.11)	44.10
DSVSF	4.21	1.65	0.39	3.02	3.25	(5.64)	12.61	(5.56)	36.19
ISVLF	3.14	(0.10)	0.00	0.55	0.00	0.00	7.14	(7.69)	19.64

Be your own money manager

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