KGHM Polska Correlations
| KGHPFDelisted Stock | USD 38.89 0.00 0.00% |
The current 90-days correlation between KGHM Polska Miedz and Lundin Mining is 0.32 (i.e., Weak diversification). The correlation of KGHM Polska 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.
KGHM Polska Correlation With Market
Significant diversification
The correlation between KGHM Polska Miedz and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KGHM Polska Miedz and DJI in the same portfolio, assuming nothing else is changed.
KGHM |
The ability to find closely correlated positions to KGHM Polska could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KGHM Polska 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 KGHM Polska - 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 KGHM Polska Miedz to buy it.
Moving together with KGHM Pink Sheet
| 0.62 | LGCY | Legacy Education | PairCorr |
| 0.76 | AMZN | Amazon Inc | PairCorr |
| 0.61 | GOOG | Alphabet Class C | PairCorr |
| 0.82 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.95 | FSTF | First State Financial | PairCorr |
| 0.72 | CSCO | Cisco Systems | PairCorr |
| 0.8 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.87 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.95 | DIS | Walt Disney | PairCorr |
| 0.82 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against KGHM Pink Sheet
| 0.91 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.57 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.47 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.37 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KGHM Pink Sheet performing well and KGHM Polska 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 KGHM Polska'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGLAF | 1.79 | 0.20 | 0.02 | (0.26) | 2.70 | 8.00 | 23.64 | |||
| BCUFF | 10.98 | 0.90 | 0.04 | 0.36 | 14.24 | 29.09 | 148.32 | |||
| ASCUF | 2.05 | (0.21) | 0.00 | (0.69) | 0.00 | 5.31 | 12.39 | |||
| LUNMF | 2.02 | 0.43 | 0.15 | (5.71) | 2.35 | 4.41 | 12.05 | |||
| CPCPF | 8.70 | 2.01 | 0.21 | (0.99) | 6.82 | 26.00 | 56.76 | |||
| DRCMF | 5.67 | 0.80 | 0.08 | (13.28) | 6.07 | 18.28 | 56.98 | |||
| CPFXF | 3.68 | (0.33) | 0.00 | 1.46 | 0.00 | 10.00 | 29.72 | |||
| FQVLF | 2.21 | (0.04) | 0.00 | (0.03) | 0.00 | 5.21 | 17.44 | |||
| ARREF | 1.66 | (0.10) | 0.00 | (0.14) | 0.00 | 3.94 | 11.29 | |||
| ANFGF | 1.81 | (0.12) | 0.00 | (1.93) | 0.00 | 4.81 | 19.40 |
View KGHM Polska Related Equities
| Risk & Return | Correlation |
KGHM Polska Corporate Management
| Tomasz Zdzikot | CEO Pres | Profile | |
| Danuta Tuchorska | Managing Logistics | Profile | |
| Marek Swider | VP Board | Profile | |
| Lidia MarcinkowskaBartkowiak | Chief Officer | Profile | |
| Marek Pietrzak | Member of the Supervisory Board | Profile | |
| Wojciech Zarzycki | S Board | Profile |
Still Interested in KGHM Polska Miedz?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.