Ivanhoe Mines Correlations

IVPAF Stock  USD 10.64  0.16  1.53%   
The current 90-days correlation between Ivanhoe Mines and IGO Limited is 0.01 (i.e., Significant diversification). The correlation of Ivanhoe Mines 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.

Ivanhoe Mines Correlation With Market

Weak diversification

The correlation between Ivanhoe Mines and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ivanhoe Mines and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ivanhoe Mines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ivanhoe Mines 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 Ivanhoe Mines - 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 Ivanhoe Mines to buy it.

Moving together with Ivanhoe OTC Stock

  0.8PCTTW PureCycle TechnologiesPairCorr
  0.73BKRKY Bank RakyatPairCorr
  0.72PPERY Bank Mandiri PerseroPairCorr
  0.68PPERF Bank Mandiri PerseroPairCorr
  0.82PBCRY Bank Central AsiaPairCorr
  0.73HPQ HP IncPairCorr
  0.82MSFT MicrosoftPairCorr

Moving against Ivanhoe OTC Stock

  0.7NVRO Nevro CorpPairCorr
  0.66ATCOL Atlas CorpPairCorr
  0.66MBFJF Mitsubishi UFJ Financial Normal TradingPairCorr
  0.6MZHOF Mizuho Financial Normal TradingPairCorr
  0.53CSCO Cisco SystemsPairCorr
  0.4GCMGW GCM GrosvenorPairCorr
  0.85JNJ Johnson JohnsonPairCorr
  0.74TRV The Travelers CompaniesPairCorr
  0.72VZ Verizon CommunicationsPairCorr
  0.59GE GE AerospacePairCorr
  0.45CVX Chevron CorpPairCorr
  0.36PFE Pfizer Inc Sell-off TrendPairCorr
  0.31XOM Exxon Mobil Corp Aggressive PushPairCorr

Related Correlations Analysis

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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   
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IPGDFILKAY
AAGFFFURY
CATPFEMX
EMXFURY
ILKAYNKGFF
  
High negative correlations   
ILKAYEMX
ILKAYAAGFF
IPGDFEMX
IPGDFAAGFF
MSMGFNKGFF
MSMGFEMX

Risk-Adjusted Indicators

There is a big difference between Ivanhoe OTC Stock performing well and Ivanhoe Mines OTC Stock 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 Ivanhoe Mines' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FURY  2.50  0.04  0.02  0.03  2.70 
 5.41 
 18.43 
EMX  1.30  0.12  0.09  0.43  1.45 
 2.91 
 8.17 
WRN  2.31  0.06  0.05 (0.28) 2.67 
 4.76 
 12.71 
NKGFF  4.45  0.33  0.04  0.20  5.18 
 9.52 
 22.88 
AAGFF  4.14  0.55  0.10  1.68  4.38 
 10.71 
 23.59 
ILKAY  1.35 (0.30) 0.00  0.89  0.00 
 2.92 
 13.27 
ERMAF  2.47 (0.72) 0.00 (0.62) 0.00 
 5.70 
 35.50 
CATPF  3.19 (0.15) 0.00  0.14  0.00 
 20.00 
 56.67 
IPGDF  1.22 (0.31) 0.00 (3.93) 0.00 
 1.97 
 19.48 
MSMGF  3.79 (0.07) 0.00  0.21  0.00 
 11.37 
 37.58 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ivanhoe Mines 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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Ivanhoe Mines Corporate Management

Elected by the shareholders, the Ivanhoe Mines' board of directors comprises two types of representatives: Ivanhoe Mines inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ivanhoe. The board's role is to monitor Ivanhoe Mines' management team and ensure that shareholders' interests are well served. Ivanhoe Mines' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ivanhoe Mines' outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark FarrenExecutive VP of OperationsProfile
David HeerdenChief OfficerProfile
Setha MakheshaEx ProjectsProfile
Pierre JoubertEx ServicesProfile
Matthew KeevilDirector CommunicationsProfile
Stephen PGeoVP GeosciencesProfile
Mary VincelliCorporate SecretaryProfile