Black Mammoth Correlations

LQRCF Stock

USD 1.46 0.11 8.15%

The correlation of Black Mammoth 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.

Black Mammoth Correlation With Market

Good diversification

The correlation between Black Mammoth Metals and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Mammoth Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Black Pink Sheet

0.82	RIO	Rio Tinto ADR	Pair Corr
0.67	WM	Waste Management	Pair Corr
0.67	HROWM	Harrow Health, 11875	Pair Corr
0.69	INTC	Intel Sell-off Trend	Pair Corr
0.67	TRV	The Travelers Companies	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.82	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.77	JNJ	Johnson Johnson	Pair Corr

Moving against Black Pink Sheet

0.8	DIS	Walt Disney	Pair Corr
0.78	MSFT	Microsoft Aggressive Push	Pair Corr
0.74	CNCK	Coincheck Group NV	Pair Corr
0.73	GLNCY	Glencore PLC ADR	Pair Corr
0.72	GLCNF	Glencore PLC	Pair Corr
0.65	AXP	American Express	Pair Corr
0.62	HPQ	HP Inc	Pair Corr
0.6	CAT	Caterpillar	Pair Corr
0.58	AA	Alcoa Corp	Pair Corr
0.37	MRK	Merck Company	Pair Corr
0.36	WMT	Walmart	Pair Corr

Related Correlations Analysis

	THURD	CRICF	WTCRF	KLDCF	BYDMF	ATUSF	EMX	IVPAF	RFLXF	OROCF
THURD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	THURD
CRICF	0.0		0.0	-0.28	-0.02	0.13	-0.56	0.65	-0.77	0.0	CRICF
WTCRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	WTCRF
KLDCF	0.0	-0.28	0.0		0.45	-0.4	0.41	-0.44	0.24	0.0	KLDCF
BYDMF	0.0	-0.02	0.0	0.45		-0.65	0.31	-0.42	-0.05	0.0	BYDMF
ATUSF	0.0	0.13	0.0	-0.4	-0.65		-0.21	0.6	-0.01	0.0	ATUSF
EMX	0.0	-0.56	0.0	0.41	0.31	-0.21		-0.31	0.37	0.0	EMX
IVPAF	0.0	0.65	0.0	-0.44	-0.42	0.6	-0.31		-0.55	0.0	IVPAF
RFLXF	0.0	-0.77	0.0	0.24	-0.05	-0.01	0.37	-0.55		0.0	RFLXF
OROCF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		OROCF
	THURD	CRICF	WTCRF	KLDCF	BYDMF	ATUSF	EMX	IVPAF	RFLXF	OROCF

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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

IVPAF	+ 0.65	CRICF
IVPAF	+ 0.6	ATUSF
BYDMF	+ 0.45	KLDCF
EMX	+ 0.41	KLDCF
RFLXF	+ 0.37	EMX
EMX	+ 0.31	BYDMF

High negative correlations

RFLXF	- 0.77	CRICF
ATUSF	- 0.65	BYDMF
EMX	- 0.56	CRICF
RFLXF	- 0.55	IVPAF
IVPAF	- 0.44	KLDCF
IVPAF	- 0.42	BYDMF

Risk-Adjusted Indicators

There is a big difference between Black Pink Sheet performing well and Black Mammoth 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 Black Mammoth'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
THURD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRICF	1.01	(0.54)	0.00	1.02	0.00	0.00	0.00	0.00	34.00
WTCRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KLDCF	2.76	0.31	0.09	15.37	3.03	(3.58)	7.23	(4.60)	17.58
BYDMF	11.85	2.04	0.14	(3.73)	11.81	(16.94)	28.36	(22.94)	117.96
ATUSF	1.47	0.06	0.04	0.17	2.08	(1.53)	3.06	(3.60)	13.88
EMX	1.36	0.18	0.11	0.77	1.48	(1.73)	3.35	(2.26)	8.17
IVPAF	2.70	(0.16)	0.00	(0.16)	0.00	0.00	5.21	(5.19)	22.02
RFLXF	14.41	2.88	0.19	(2.28)	13.50	(18.70)	35.24	(23.40)	99.02
OROCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Black Mammoth 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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