Karora Resources Correlations
| KRRGFDelisted Stock | USD 4.83 0.17 3.40% |
The current 90-days correlation between Karora Resources and K92 Mining is -0.25 (i.e., Very good diversification). The correlation of Karora Resources 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.
Karora Resources Correlation With Market
Significant diversification
The correlation between Karora Resources and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Karora Resources and DJI in the same portfolio, assuming nothing else is changed.
Karora |
The ability to find closely correlated positions to Karora Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Karora Resources 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 Karora Resources - 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 Karora Resources to buy it.
Moving together with Karora OTC Stock
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| 0.71 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.81 | NDAQ | Nasdaq Inc | PairCorr |
| 0.75 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.75 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.75 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.79 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.67 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.86 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.73 | T | ATT Inc Aggressive Push | PairCorr |
Moving against Karora OTC Stock
| 0.77 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.71 | GOLD | Barrick Gold Corp | PairCorr |
| 0.51 | NFPDF | Nissin Foods Holdings | PairCorr |
| 0.33 | NCMGF | Newcrest Mining | PairCorr |
| 0.31 | NCMGY | Newcrest Mining | PairCorr |
| 0.9 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.88 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.75 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.72 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.39 | VZ | Verizon Communications Aggressive Push | 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 Karora OTC Stock performing well and Karora Resources 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 Karora Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KNTNF | 2.23 | 0.33 | 0.07 | (1.21) | 2.38 | 5.11 | 22.74 | |||
| IAUX | 4.63 | (0.22) | 0.00 | (0.02) | 0.00 | 10.28 | 66.32 | |||
| TSRMF | 4.15 | 0.43 | 0.05 | 4.20 | 3.99 | 7.14 | 26.25 | |||
| MEAUF | 2.14 | (0.15) | 0.00 | (2.37) | 0.00 | 3.85 | 16.09 | |||
| MGDPF | 2.37 | (0.05) | 0.00 | (0.16) | 0.00 | 5.66 | 13.61 | |||
| WDOFF | 1.90 | (0.25) | 0.00 | (0.40) | 0.00 | 4.71 | 13.33 | |||
| OSIIF | 0.70 | 0.13 | 0.00 | (0.71) | 0.83 | 1.60 | 6.84 | |||
| GGXXF | 2.85 | (0.56) | 0.00 | (51.11) | 0.00 | 0.00 | 63.00 | |||
| GFGSF | 2.76 | 0.46 | 0.04 | (0.30) | 3.05 | 9.09 | 26.52 |
Karora Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Karora Resources otc stock to make a market-neutral strategy. Peer analysis of Karora Resources could also be used in its relative valuation, which is a method of valuing Karora Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Karora Resources Corporate Management
Elected by the shareholders, the Karora Resources' board of directors comprises two types of representatives: Karora Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Karora. The board's role is to monitor Karora Resources' management team and ensure that shareholders' interests are well served. Karora Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Karora Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul AccDir | Ex CEO | Profile | |
| Michael AccDir | VP Services | Profile | |
| LLB BA | Advisor Matters | Profile | |
| Barry AccDir | Chief Officer | Profile | |
| Oliver Turner | Exec Devel | Profile | |
| Rob Buchanan | Director Relations | Profile | |
| Bevan Jones | Chief Officer | Profile |
Still Interested in Karora Resources?
Investing in delisted otcs can be risky, as the otc stock 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.