Integra Resources Correlations

ITRG Stock

USD 1.26 0.03 2.44%

The current 90-days correlation between Integra Resources Corp and AbraSilver Resource Corp is -0.14 (i.e., Good diversification). The correlation of Integra Resources 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.

Integra Resources Correlation With Market

Average diversification

The correlation between Integra Resources Corp and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Integra Resources Corp 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 Integra Resources Corp. 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.

Moving together with Integra Stock

0.67	HL	Hecla Mining	Pair Corr
0.7	VOXR	Vox Royalty Corp	Pair Corr
0.9	ASM	Avino Silver Gold	Pair Corr
0.7	BVN	Compania de Minas	Pair Corr
0.81	MTA	Metalla Royalty Streaming Earnings Call Tomorrow	Pair Corr
0.91	GROY	Gold Royalty Corp Earnings Call This Week	Pair Corr
0.85	TFPM	Triple Flag Precious	Pair Corr
0.76	X	United States Steel	Pair Corr
0.89	AU	AngloGold Ashanti plc	Pair Corr
0.79	CX	Cemex SAB de	Pair Corr
0.83	DC	Dakota Gold Corp	Pair Corr
0.83	MP	MP Materials Corp	Pair Corr
0.83	MT	ArcelorMittal SA ADR	Pair Corr
0.71	NB	NioCorp Developments	Pair Corr
0.69	OR	Osisko Gold Ro	Pair Corr
0.7	TX	Ternium SA ADR	Pair Corr
0.9	VALE	Vale SA ADR	Pair Corr
0.73	HYMCL	Hycroft Mining Holding	Pair Corr

Moving against Integra Stock

0.75	ATLX	Atlas Lithium	Pair Corr
0.67	CF	CF Industries Holdings	Pair Corr
0.56	AA	Alcoa Corp	Pair Corr
0.56	CE	Celanese	Pair Corr
0.53	CC	Chemours	Pair Corr
0.47	LODE	Comstock Mining	Pair Corr
0.45	MUX	McEwen Mining	Pair Corr
0.39	PPTA	Perpetua Resources Corp	Pair Corr
0.81	FEAM	5E Advanced Materials	Pair Corr
0.79	ALB	Albemarle Corp Sell-off Trend	Pair Corr
0.78	FMST	Foremost Lithium Resource	Pair Corr
0.75	ALB-PA	Albemarle	Pair Corr
0.72	FF	FutureFuel Corp	Pair Corr
0.62	IE	Ivanhoe Electric	Pair Corr
0.6	WS	Worthington Steel	Pair Corr
0.58	HYMCW	Hycroft Mining Holding	Pair Corr
0.33	ELBM	Electra Battery Materials	Pair Corr

Related Correlations Analysis

	SLVTF	DNCVF	SSVRF	ABBRF	BBBXF	GLGDF	RGXTF	PGLDF	MXROF	PEXZF
SLVTF		0.8	0.89	0.94	0.61	0.91	0.73	0.8	0.23	-0.82	SLVTF
DNCVF	0.8		0.8	0.84	0.45	0.89	0.56	0.71	0.14	-0.76	DNCVF
SSVRF	0.89	0.8		0.87	0.51	0.87	0.69	0.73	0.17	-0.8	SSVRF
ABBRF	0.94	0.84	0.87		0.67	0.91	0.65	0.79	0.15	-0.84	ABBRF
BBBXF	0.61	0.45	0.51	0.67		0.47	0.36	0.58	-0.02	-0.6	BBBXF
GLGDF	0.91	0.89	0.87	0.91	0.47		0.7	0.72	0.31	-0.86	GLGDF
RGXTF	0.73	0.56	0.69	0.65	0.36	0.7		0.47	0.57	-0.68	RGXTF
PGLDF	0.8	0.71	0.73	0.79	0.58	0.72	0.47		-0.03	-0.63	PGLDF
MXROF	0.23	0.14	0.17	0.15	-0.02	0.31	0.57	-0.03		-0.35	MXROF
PEXZF	-0.82	-0.76	-0.8	-0.84	-0.6	-0.86	-0.68	-0.63	-0.35		PEXZF
	SLVTF	DNCVF	SSVRF	ABBRF	BBBXF	GLGDF	RGXTF	PGLDF	MXROF	PEXZF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ABBRF	+ 0.94	SLVTF
GLGDF	+ 0.91	SLVTF
GLGDF	+ 0.91	ABBRF
SSVRF	+ 0.89	SLVTF
GLGDF	+ 0.89	DNCVF
ABBRF	+ 0.87	SSVRF

High negative correlations

PEXZF	- 0.86	GLGDF
PEXZF	- 0.84	ABBRF
PEXZF	- 0.82	SLVTF
PEXZF	- 0.8	SSVRF
PEXZF	- 0.76	DNCVF
PEXZF	- 0.68	RGXTF

Risk-Adjusted Indicators

There is a big difference between Integra Stock performing well and Integra Resources 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 Integra Resources' 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
SLVTF	3.99	0.81	0.13	(1.28)	3.85	(6.57)	9.09	(6.25)	28.50
DNCVF	5.55	0.87	0.11	12.37	5.17	(9.59)	15.38	(9.52)	30.00
SSVRF	4.28	0.60	0.10	2.67	4.33	(6.25)	9.09	(8.00)	25.64
ABBRF	3.19	0.58	0.14	1.54	3.37	(3.76)	8.59	(6.31)	16.40
BBBXF	3.71	0.13	0.02	0.12	4.44	(5.01)	9.76	(7.69)	24.55
GLGDF	2.89	0.76	0.22	5.12	2.75	(3.75)	6.85	(5.11)	15.55
RGXTF	10.51	1.78	0.15	(1.71)	9.12	(19.12)	33.33	(16.67)	93.60
PGLDF	6.59	1.02	0.13	1.49	6.42	(9.69)	17.38	(11.27)	47.81
MXROF	3.96	0.70	0.00	4.60	0.00	0.00	33.33	(12.00)	58.33
PEXZF	5.67	(0.32)	0.00	0.60	0.00	0.00	16.16	(14.29)	33.57

Integra Resources Corporate Management

Mark Stockton	Vice Sustainability	Profile
Jason Banducci	Vice Development	Profile
Andree MBA	Chief Officer	Profile
Timothy PE	Chief Officer	Profile
Raphael Dutaut	Vice Exploration	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC