Klondike Gold Correlations

KDKGF Stock

USD 0.06 0.01 20.00%

The current 90-days correlation between Klondike Gold Corp and Puma Exploration is 0.12 (i.e., Average diversification). The correlation of Klondike Gold 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.

Klondike Gold Correlation With Market

Good diversification

The correlation between Klondike Gold Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Klondike Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Klondike OTC Stock

0.63	NEM	Newmont Goldcorp Corp	Pair Corr
0.67	AEM	Agnico Eagle Mines	Pair Corr
0.64	ZIJMY	Zijin Mining Group	Pair Corr
0.66	WPM	Wheaton Precious Metals	Pair Corr
0.65	GOLD	Barrick Gold Corp	Pair Corr
0.69	AU	AngloGold Ashanti plc	Pair Corr
0.69	GTN	Gray Television	Pair Corr
0.66	CVX	Chevron Corp	Pair Corr
0.63	XOM	Exxon Mobil Corp	Pair Corr

Moving against Klondike OTC Stock

0.64	MSFT	Microsoft	Pair Corr
0.52	CAT	Caterpillar	Pair Corr
0.49	DIS	Walt Disney	Pair Corr
0.45	AA	Alcoa Corp	Pair Corr
0.45	HD	Home Depot	Pair Corr
0.35	HPQ	HP Inc	Pair Corr
0.34	AXP	American Express	Pair Corr

Related Correlations Analysis

	PUMXF	SXNTF	RDEXF	GPTRF	EQTRF	ENDGF	LRDJF	YGTFF	FFMGF	DRD
PUMXF		0.25	-0.1	-0.17	-0.18	0.18	0.1	0.18	-0.25	0.01	PUMXF
SXNTF	0.25		-0.05	-0.34	-0.24	-0.16	0.23	0.3	0.31	0.41	SXNTF
RDEXF	-0.1	-0.05		0.47	-0.1	0.21	0.04	0.21	0.29	-0.08	RDEXF
GPTRF	-0.17	-0.34	0.47		-0.05	0.07	-0.17	-0.07	0.0	-0.09	GPTRF
EQTRF	-0.18	-0.24	-0.1	-0.05		0.2	0.14	0.32	-0.26	-0.59	EQTRF
ENDGF	0.18	-0.16	0.21	0.07	0.2		0.03	0.17	-0.22	-0.51	ENDGF
LRDJF	0.1	0.23	0.04	-0.17	0.14	0.03		0.18	0.36	0.25	LRDJF
YGTFF	0.18	0.3	0.21	-0.07	0.32	0.17	0.18		0.04	-0.38	YGTFF
FFMGF	-0.25	0.31	0.29	0.0	-0.26	-0.22	0.36	0.04		0.61	FFMGF
DRD	0.01	0.41	-0.08	-0.09	-0.59	-0.51	0.25	-0.38	0.61		DRD
	PUMXF	SXNTF	RDEXF	GPTRF	EQTRF	ENDGF	LRDJF	YGTFF	FFMGF	DRD

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

DRD	+ 0.61	FFMGF
GPTRF	+ 0.47	RDEXF
DRD	+ 0.41	SXNTF
FFMGF	+ 0.36	LRDJF
YGTFF	+ 0.32	EQTRF
FFMGF	+ 0.31	SXNTF

High negative correlations

DRD	- 0.59	EQTRF
DRD	- 0.51	ENDGF
DRD	- 0.38	YGTFF
GPTRF	- 0.34	SXNTF
FFMGF	- 0.26	EQTRF
FFMGF	- 0.25	PUMXF

Risk-Adjusted Indicators

There is a big difference between Klondike OTC Stock performing well and Klondike Gold 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 Klondike Gold'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
PUMXF	3.45	0.31	0.02	0.28	5.26	(14.49)	16.67	(16.67)	36.67
SXNTF	6.32	1.43	0.13	2.15	6.11	(13.60)	21.67	(14.52)	96.47
RDEXF	3.23	0.20	0.04	0.29	4.65	(4.81)	8.40	(6.98)	36.69
GPTRF	4.22	0.00	0.00	(0.07)	0.00	0.00	8.33	(7.69)	29.67
EQTRF	3.38	0.19	0.04	0.19	3.93	(3.99)	6.38	(7.57)	25.27
ENDGF	1.24	(0.21)	0.00	0.17	0.00	0.00	0.00	(3.33)	29.29
LRDJF	5.26	1.58	0.12	1.07	4.15	(44.72)	0.84	(8.33)	90.06
YGTFF	5.21	0.34	0.05	(1.46)	7.15	(6.73)	10.60	(12.16)	57.21
FFMGF	1.87	0.22	0.10	0.36	1.78	(3.13)	4.82	(3.45)	13.03
DRD	2.68	0.68	0.27	(1.96)	2.31	(3.10)	7.64	(4.90)	15.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Klondike Gold 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.

Did you try this?

Run Portfolio Suggestion Now

Portfolio Suggestion

Get suggestions outside of your existing asset allocation including your own model portfolios

All Next

Launch Module

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