Juggernaut Exploration Correlations

Summary

JUGRFDelisted Stock

USD 0.06 0 2.23%

The current 90-days correlation between Juggernaut Exploration and Nobel Resources Corp is 0.12 (i.e., Average diversification). The correlation of Juggernaut Exploration 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.

Juggernaut Exploration Correlation With Market

Significant diversification

The correlation between Juggernaut Exploration and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Juggernaut Exploration and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Juggernaut Pink Sheet

0.73	WM	Waste Management	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.68	MCD	McDonalds	Pair Corr
0.74	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Juggernaut Pink Sheet

0.74	GLNCY	Glencore PLC ADR	Pair Corr
0.72	CAT	Caterpillar	Pair Corr
0.7	GLCNF	Glencore PLC	Pair Corr
0.69	CNCK	Coincheck Group NV	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.59	MSFT	Microsoft Aggressive Push	Pair Corr
0.55	MRK	Merck Company	Pair Corr
0.31	AXP	American Express	Pair Corr

Related Correlations Analysis

	BCMRF	ESKYF	NKGFF	SKE	AUMTF	ASDRF	ARTTF	AZMTF	NBTRF	SPCNF
BCMRF		0.67	-0.12	0.47	0.58	0.49	0.38	-0.29	0.34	-0.35	BCMRF
ESKYF	0.67		-0.39	0.25	0.82	0.51	0.55	-0.48	0.46	-0.3	ESKYF
NKGFF	-0.12	-0.39		0.17	-0.64	0.06	-0.46	0.65	-0.59	0.06	NKGFF
SKE	0.47	0.25	0.17		0.16	0.31	0.1	0.08	-0.11	-0.06	SKE
AUMTF	0.58	0.82	-0.64	0.16		0.38	0.6	-0.71	0.5	-0.18	AUMTF
ASDRF	0.49	0.51	0.06	0.31	0.38		0.16	0.08	-0.09	-0.13	ASDRF
ARTTF	0.38	0.55	-0.46	0.1	0.6	0.16		-0.52	0.53	-0.05	ARTTF
AZMTF	-0.29	-0.48	0.65	0.08	-0.71	0.08	-0.52		-0.48	0.09	AZMTF
NBTRF	0.34	0.46	-0.59	-0.11	0.5	-0.09	0.53	-0.48		-0.17	NBTRF
SPCNF	-0.35	-0.3	0.06	-0.06	-0.18	-0.13	-0.05	0.09	-0.17		SPCNF
	BCMRF	ESKYF	NKGFF	SKE	AUMTF	ASDRF	ARTTF	AZMTF	NBTRF	SPCNF

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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

AUMTF	+ 0.82	ESKYF
ESKYF	+ 0.67	BCMRF
AZMTF	+ 0.65	NKGFF
ARTTF	+ 0.6	AUMTF
AUMTF	+ 0.58	BCMRF
ARTTF	+ 0.55	ESKYF

High negative correlations

AZMTF	- 0.71	AUMTF
AUMTF	- 0.64	NKGFF
NBTRF	- 0.59	NKGFF
AZMTF	- 0.52	ARTTF
NBTRF	- 0.48	AZMTF
AZMTF	- 0.48	ESKYF

Risk-Adjusted Indicators

There is a big difference between Juggernaut Pink Sheet performing well and Juggernaut Exploration 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 Juggernaut Exploration'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
BCMRF	9.55	4.24	0.00	1.23	0.00	0.00	20.77	0.00	213.81
ESKYF	5.27	0.71	0.08	(3.40)	5.21	(9.89)	12.50	(11.76)	39.29
NKGFF	4.62	0.07	0.01	0.03	5.49	(6.67)	10.53	(10.00)	28.27
SKE	2.40	0.18	0.06	0.20	2.86	(2.57)	6.08	(5.07)	17.26
AUMTF	0.25	0.11	0.00	(0.44)	0.00	0.00	0.00	0.00	8.33
ASDRF	3.98	0.81	0.00	(0.66)	0.00	0.00	33.33	(11.24)	58.33
ARTTF	43.04	18.21	0.27	0.71	21.97	(175.16)	133.33	(56.00)	761.32
AZMTF	1.98	(0.14)	0.00	0.43	0.00	0.00	5.13	(6.25)	20.09
NBTRF	0.38	(0.01)	0.00	0.00	0.00	0.00	0.00	0.00	12.61
SPCNF	0.87	(0.48)	0.00	0.57	0.00	0.00	0.00	0.00	0.00

View Juggernaut Exploration Related Equities

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Still Interested in Juggernaut Exploration?

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