Themac Resources Correlations

MACQF Stock  USD 0.08  0.01  8.27%   
The current 90-days correlation between Themac Resources and Commander Resources is -0.01 (i.e., Good diversification). The correlation of Themac 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.

Themac Resources Correlation With Market

Significant diversification

The correlation between Themac Resources Group and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Themac Resources Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Themac 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 Themac 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 Themac 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 Themac Resources Group to buy it.

Moving together with Themac Pink Sheet

  0.67ATCOL Atlas CorpPairCorr
  0.83GCMGW GCM GrosvenorPairCorr
  0.9KO Coca ColaPairCorr
  0.63KOREF KORE MiningPairCorr
  0.84CSCO Cisco SystemsPairCorr
  0.65JPM JPMorgan ChasePairCorr
  0.76GE GE AerospacePairCorr
  0.89JNJ Johnson JohnsonPairCorr
  0.63WMT Walmart Aggressive PushPairCorr
  0.74MCD McDonaldsPairCorr
  0.64MMM 3M CompanyPairCorr

Moving against Themac Pink Sheet

  0.69PPERF Bank Mandiri PerseroPairCorr
  0.68PPERY Bank Mandiri PerseroPairCorr
  0.66PBCRY Bank Central AsiaPairCorr
  0.62PTAIY Astra International TbkPairCorr
  0.58TLK Telkom Indonesia Tbk Downward RallyPairCorr
  0.56PBCRF PT Bank CentralPairCorr
  0.5TLKMF Telkom Indonesia TbkPairCorr
  0.42PCTTW PureCycle Technologies Upward RallyPairCorr
  0.82MRK Merck Company Aggressive PushPairCorr
  0.5CAT CaterpillarPairCorr

Related Correlations Analysis

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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   
PSXRFEFRMF
FDCFFFOSYF
NMREFCMDRF
MLYCFCMDRF
NMREFMLYCF
EUMNFNMREF
  
High negative correlations   
NMREFFOSYF
FOSYFCMDRF
EUMNFFOSYF
NMREFFDCFF
MLYCFFOSYF
FDCFFCMDRF

Risk-Adjusted Indicators

There is a big difference between Themac Pink Sheet performing well and Themac Resources 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 Themac 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CMDRF  3.85  1.04  0.00 (0.18) 0.00 
 0.00 
 98.80 
EFRMF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FOSYF  3.65 (0.43) 0.00  0.76  0.00 
 7.69 
 36.28 
MLYCF  6.20  1.80  0.00 (3.47) 0.00 
 0.00 
 150.00 
PSXRF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
CURUF  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
FDCFF  4.92 (0.60) 0.00 (0.18) 0.00 
 23.33 
 50.00 
NMREF  7.72  0.88  0.08 (1.79) 8.45 
 30.00 
 90.56 
EUMNF  6.87  0.48  0.04  0.50  7.45 
 21.74 
 53.93 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Themac Resources 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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Themac Resources Corporate Management