Lomiko Metals Correlations

LMRMF Stock

USD 0.11 0.00 0.00%

The current 90-days correlation between Lomiko Metals and ZincX Resources Corp is 0.04 (i.e., Significant diversification). The correlation of Lomiko Metals 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.

Lomiko Metals Correlation With Market

Modest diversification

The correlation between Lomiko Metals and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lomiko Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lomiko OTC Stock

0.74	NVRO	Nevro Corp	Pair Corr
0.68	TCTZF	Tencent Holdings Downward Rally	Pair Corr
0.65	BAOB	Baraboo Bancorporation	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.73	JNJ	Johnson Johnson	Pair Corr
0.84	KO	Coca Cola	Pair Corr
0.69	VZ	Verizon Communications	Pair Corr
0.69	INTC	Intel	Pair Corr
0.71	CSCO	Cisco Systems	Pair Corr
0.81	MCD	McDonalds	Pair Corr
0.81	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Lomiko OTC Stock

0.6	GLCNF	Glencore PLC	Pair Corr
0.6	GLNCY	Glencore PLC ADR	Pair Corr
0.53	MSFT	Microsoft	Pair Corr
0.44	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	ZNCXF	MUNMF	SCCFF	NRRMF	ESVNF	IPGDF	MSMGF	CCOB	QNICF	LMMFF
ZNCXF		-0.27	-0.3	0.0	0.1	-0.43	-0.22	0.0	-0.15	-0.38	ZNCXF
MUNMF	-0.27		0.23	0.0	-0.19	0.2	0.08	0.0	0.06	0.25	MUNMF
SCCFF	-0.3	0.23		0.0	0.03	0.57	-0.27	0.0	0.28	0.84	SCCFF
NRRMF	0.0	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	NRRMF
ESVNF	0.1	-0.19	0.03	0.0		0.17	-0.1	0.0	0.05	0.11	ESVNF
IPGDF	-0.43	0.2	0.57	0.0	0.17		-0.05	0.0	0.38	0.7	IPGDF
MSMGF	-0.22	0.08	-0.27	0.0	-0.1	-0.05		0.0	0.16	-0.19	MSMGF
CCOB	0.0	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	CCOB
QNICF	-0.15	0.06	0.28	0.0	0.05	0.38	0.16	0.0		0.51	QNICF
LMMFF	-0.38	0.25	0.84	0.0	0.11	0.7	-0.19	0.0	0.51		LMMFF
	ZNCXF	MUNMF	SCCFF	NRRMF	ESVNF	IPGDF	MSMGF	CCOB	QNICF	LMMFF

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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

CCOB	+ 1.0	NRRMF
LMMFF	+ 0.84	SCCFF
LMMFF	+ 0.7	IPGDF
IPGDF	+ 0.57	SCCFF
LMMFF	+ 0.51	QNICF
QNICF	+ 0.38	IPGDF

High negative correlations

IPGDF	- 0.43	ZNCXF
LMMFF	- 0.38	ZNCXF
SCCFF	- 0.3	ZNCXF
MSMGF	- 0.27	SCCFF
MUNMF	- 0.27	ZNCXF
MSMGF	- 0.22	ZNCXF

Risk-Adjusted Indicators

There is a big difference between Lomiko OTC Stock performing well and Lomiko Metals 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 Lomiko Metals' 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
ZNCXF	1.59	0.39	0.00	(4.79)	0.00	0.00	0.00	0.00	47.62
MUNMF	2.34	0.22	0.03	4.71	2.94	(11.26)	9.09	(8.33)	26.52
SCCFF	0.38	(0.18)	0.00	(0.55)	0.00	0.00	0.00	0.00	12.77
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	581.98	304.48	5.73	3.13	11.78	(2,848)	30.00	(23.53)	9,999
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
CCOB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QNICF	4.61	(0.48)	0.00	2.68	0.00	0.00	0.00	(15.38)	170.11
LMMFF	3.06	(0.55)	0.00	(0.47)	0.00	0.00	6.14	(7.55)	66.54

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Our tools can tell you how much better you can do entering a position in Lomiko Metals 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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