Leviathan Gold Correlations

LVXFF Stock

USD 0.06 0 7.15%

The current 90-days correlation between Leviathan Gold and KORE Mining is -0.08 (i.e., Good diversification). The correlation of Leviathan 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.

Leviathan Gold Correlation With Market

Average diversification

The correlation between Leviathan Gold and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Leviathan Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Leviathan 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 Leviathan 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 Leviathan 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 Leviathan Gold to buy it.

Moving together with Leviathan OTC Stock

0.69	NEM	Newmont Goldcorp Corp	Pair Corr
0.78	GOLD	Barrick Gold Corp	Pair Corr
0.79	WPM	Wheaton Precious Metals Sell-off Trend	Pair Corr
0.64	KOREF	KORE Mining	Pair Corr
0.68	T	ATT Inc Aggressive Push	Pair Corr
0.72	DD	Dupont De Nemours	Pair Corr
0.73	KO	Coca Cola Aggressive Push	Pair Corr
0.73	INTC	Intel	Pair Corr

Moving against Leviathan OTC Stock

0.66	MRK	Merck Company Aggressive Push	Pair Corr
0.47	MSFT	Microsoft	Pair Corr

Related Correlations Analysis

	MAUTF	KOREF	CBGZF	IEGCF	RSRBF	ORFDF	TSRMF	GBRCF
MAUTF		0.63	0.72	-0.27	0.04	-0.15	0.0	0.11	MAUTF
KOREF	0.63		0.48	-0.24	0.06	-0.04	0.0	0.04	KOREF
CBGZF	0.72	0.48		-0.07	-0.1	-0.24	0.0	0.26	CBGZF
IEGCF	-0.27	-0.24	-0.07		-0.38	0.59	0.0	-0.29	IEGCF
RSRBF	0.04	0.06	-0.1	-0.38		-0.27	0.0	0.47	RSRBF
ORFDF	-0.15	-0.04	-0.24	0.59	-0.27		0.0	-0.57	ORFDF
TSRMF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	TSRMF
GBRCF	0.11	0.04	0.26	-0.29	0.47	-0.57	0.0		GBRCF
	MAUTF	KOREF	CBGZF	IEGCF	RSRBF	ORFDF	TSRMF	GBRCF

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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

CBGZF	+ 0.72	MAUTF
KOREF	+ 0.63	MAUTF
ORFDF	+ 0.59	IEGCF
CBGZF	+ 0.48	KOREF
GBRCF	+ 0.47	RSRBF
GBRCF	+ 0.26	CBGZF

High negative correlations

GBRCF	- 0.57	ORFDF
RSRBF	- 0.38	IEGCF
GBRCF	- 0.29	IEGCF
ORFDF	- 0.27	RSRBF
IEGCF	- 0.27	MAUTF
ORFDF	- 0.24	CBGZF

Risk-Adjusted Indicators

There is a big difference between Leviathan OTC Stock performing well and Leviathan 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 Leviathan 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
MAUTF	2.15	0.09	0.07	(0.22)	2.19	(2.71)	5.48	(3.18)	12.65
KOREF	5.84	0.63	0.05	(4.41)	7.40	(10.79)	15.79	(12.00)	48.81
CBGZF	4.89	0.50	0.06	0.29	5.28	(8.71)	11.76	(10.53)	37.22
IEGCF	3.10	(0.34)	0.00	(9.80)	0.00	0.00	7.69	(7.14)	27.88
RSRBF	1.97	0.44	0.08	5.14	2.23	(4.58)	5.95	(4.49)	19.55
ORFDF	2.68	(0.28)	0.00	0.82	0.00	0.00	4.97	(6.25)	22.37
TSRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GBRCF	4.96	1.47	0.21	(2.60)	3.83	(10.42)	9.68	(8.33)	105.88

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

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