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

0.8	PCTTW	PureCycle Technologies	Pair Corr
0.73	BKRKY	Bank Rakyat	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.68	PPERF	Bank Mandiri Persero	Pair Corr
0.82	PBCRY	Bank Central Asia	Pair Corr
0.73	HPQ	HP Inc	Pair Corr
0.82	MSFT	Microsoft	Pair Corr

Moving against Ivanhoe OTC Stock

0.7	NVRO	Nevro Corp	Pair Corr
0.66	ATCOL	Atlas Corp	Pair Corr
0.66	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.6	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.4	GCMGW	GCM Grosvenor	Pair Corr
0.85	JNJ	Johnson Johnson	Pair Corr
0.74	TRV	The Travelers Companies	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.59	GE	GE Aerospace	Pair Corr
0.45	CVX	Chevron Corp	Pair Corr
0.36	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.31	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	FURY	EMX	WRN	NKGFF	AAGFF	ILKAY	ERMAF	CATPF	IPGDF	MSMGF
FURY		0.55	0.36	0.08	0.64	-0.24	0.39	0.39	-0.11	0.01	FURY
EMX	0.55		0.45	-0.05	0.79	-0.66	-0.09	0.63	-0.55	-0.27	EMX
WRN	0.36	0.45		0.32	0.24	0.04	0.13	0.27	-0.01	-0.19	WRN
NKGFF	0.08	-0.05	0.32		-0.02	0.5	0.08	0.08	0.47	-0.39	NKGFF
AAGFF	0.64	0.79	0.24	-0.02		-0.63	-0.06	0.47	-0.47	-0.16	AAGFF
ILKAY	-0.24	-0.66	0.04	0.5	-0.63		0.3	-0.25	0.69	0.09	ILKAY
ERMAF	0.39	-0.09	0.13	0.08	-0.06	0.3		0.27	0.37	0.46	ERMAF
CATPF	0.39	0.63	0.27	0.08	0.47	-0.25	0.27		-0.19	-0.2	CATPF
IPGDF	-0.11	-0.55	-0.01	0.47	-0.47	0.69	0.37	-0.19		-0.05	IPGDF
MSMGF	0.01	-0.27	-0.19	-0.39	-0.16	0.09	0.46	-0.2	-0.05		MSMGF
	FURY	EMX	WRN	NKGFF	AAGFF	ILKAY	ERMAF	CATPF	IPGDF	MSMGF

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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

AAGFF	+ 0.79	EMX
IPGDF	+ 0.69	ILKAY
AAGFF	+ 0.64	FURY
CATPF	+ 0.63	EMX
EMX	+ 0.55	FURY
ILKAY	+ 0.5	NKGFF

High negative correlations

ILKAY	- 0.66	EMX
ILKAY	- 0.63	AAGFF
IPGDF	- 0.55	EMX
IPGDF	- 0.47	AAGFF
MSMGF	- 0.39	NKGFF
MSMGF	- 0.27	EMX

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FURY	2.50	0.04	0.02	0.03	2.70	(3.94)	5.41	(5.13)	18.43
EMX	1.30	0.12	0.09	0.43	1.45	(1.70)	2.91	(2.26)	8.17
WRN	2.31	0.06	0.05	(0.28)	2.67	(2.82)	4.76	(3.77)	12.71
NKGFF	4.45	0.33	0.04	0.20	5.18	(6.37)	9.52	(10.00)	22.88
AAGFF	4.14	0.55	0.10	1.68	4.38	(5.41)	10.71	(6.45)	23.59
ILKAY	1.35	(0.30)	0.00	0.89	0.00	0.00	2.92	(4.41)	13.27
ERMAF	2.47	(0.72)	0.00	(0.62)	0.00	0.00	5.70	(9.71)	35.50
CATPF	3.19	(0.15)	0.00	0.14	0.00	0.00	20.00	(16.67)	56.67
IPGDF	1.22	(0.31)	0.00	(3.93)	0.00	0.00	1.97	(7.97)	19.48
MSMGF	3.79	(0.07)	0.00	0.21	0.00	0.00	11.37	(13.77)	37.58

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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 Farren	Executive VP of Operations	Profile
David Heerden	Chief Officer	Profile
Setha Makhesha	Ex Projects	Profile
Pierre Joubert	Ex Services	Profile
Matthew Keevil	Director Communications	Profile
Stephen PGeo	VP Geosciences	Profile
Mary Vincelli	Corporate Secretary	Profile

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