Themac Resources Correlations

MACQF Stock

USD 0.09 0.02 21.00%

The current 90-days correlation between Themac Resources and Commander Resources is -0.03 (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

Good diversification

The correlation between Themac Resources Group and DJI is -0.11 (i.e., Good 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

0.69	ATCOL	Atlas Corp	Pair Corr
0.86	WM	Waste Management	Pair Corr
0.91	T	ATT Inc Sell-off Trend	Pair Corr
0.91	KO	Coca Cola	Pair Corr
0.66	MMM	3M Company	Pair Corr
0.66	TRV	The Travelers Companies	Pair Corr
0.78	IBM	International Business	Pair Corr
0.66	CSCO	Cisco Systems	Pair Corr
0.83	MCD	McDonalds	Pair Corr
0.61	CVX	Chevron Corp	Pair Corr

Moving against Themac Pink Sheet

0.73	PCTTW	PureCycle Technologies	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.71	CAT	Caterpillar	Pair Corr
0.52	AXP	American Express	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.5	BAC	Bank of America Aggressive Push	Pair Corr
0.49	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CMDRF	EFRMF	FOSYF	MLYCF	PSXRF	CURUF	FDCFF	NMREF	EUMNF
CMDRF		0.0	-0.58	0.29	0.0	0.0	-0.61	0.52	0.36	CMDRF
EFRMF	0.0		0.0	0.0	1.0	0.0	0.0	0.0	0.0	EFRMF
FOSYF	-0.58	0.0		-0.14	0.0	0.0	0.6	-0.37	-0.73	FOSYF
MLYCF	0.29	0.0	-0.14		0.0	0.0	0.0	0.1	-0.02	MLYCF
PSXRF	0.0	1.0	0.0	0.0		0.0	0.0	0.0	0.0	PSXRF
CURUF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CURUF
FDCFF	-0.61	0.0	0.6	0.0	0.0	0.0		-0.48	-0.44	FDCFF
NMREF	0.52	0.0	-0.37	0.1	0.0	0.0	-0.48		0.22	NMREF
EUMNF	0.36	0.0	-0.73	-0.02	0.0	0.0	-0.44	0.22		EUMNF
	CMDRF	EFRMF	FOSYF	MLYCF	PSXRF	CURUF	FDCFF	NMREF	EUMNF

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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

PSXRF	+ 1.0	EFRMF
FDCFF	+ 0.6	FOSYF
NMREF	+ 0.52	CMDRF
EUMNF	+ 0.36	CMDRF
MLYCF	+ 0.29	CMDRF
EUMNF	+ 0.22	NMREF

High negative correlations

EUMNF	- 0.73	FOSYF
FDCFF	- 0.61	CMDRF
FOSYF	- 0.58	CMDRF
NMREF	- 0.48	FDCFF
EUMNF	- 0.44	FDCFF
NMREF	- 0.37	FOSYF

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CMDRF	3.81	1.78	0.00	(0.41)	0.00	0.00	0.00	0.00	98.80
EFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FOSYF	4.81	0.23	0.03	(3.49)	6.40	(6.34)	11.11	(13.95)	36.28
MLYCF	1.79	0.81	0.00	5.06	0.00	0.00	0.00	0.00	66.25
PSXRF	0.00	0.00	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	0.00	0.00
FDCFF	7.31	0.80	0.04	(5.15)	8.67	(24.93)	33.33	(25.00)	58.33
NMREF	8.79	1.78	0.15	(2.91)	8.86	(14.43)	30.00	(13.79)	90.56
EUMNF	6.80	0.79	0.06	(0.73)	7.16	(18.09)	25.93	(15.62)	58.91

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

Jeffrey Smith	Chief Officer	Profile
Mark McIntosh	Chief Officer	Profile
Andrew BBCM	CEO Pres	Profile
Stephen Law	Secretary	Profile

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