Montage Gold Correlations

MAUTF Stock

USD 1.96 0.06 2.97%

The current 90-days correlation between Montage Gold Corp and Revival Gold is 0.18 (i.e., Average diversification). The correlation of Montage 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.

Montage Gold Correlation With Market

Good diversification

The correlation between Montage Gold Corp 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 Montage Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Montage 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 Montage 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 Montage 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 Montage Gold Corp to buy it.

Moving together with Montage OTC Stock

0.79	NEM	Newmont Goldcorp Corp	Pair Corr
0.78	AEM	Agnico Eagle Mines Sell-off Trend	Pair Corr
0.76	ZIJMY	Zijin Mining Group Earnings Call Tomorrow	Pair Corr
0.69	ZIJMF	Zijin Mining Group	Pair Corr
0.82	WPM	Wheaton Precious Metals	Pair Corr
0.84	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.76	AU	AngloGold Ashanti plc	Pair Corr
0.75	AVAL	Grupo Aval	Pair Corr
0.71	WF	Woori Financial Group	Pair Corr
0.82	BCH	Banco De Chile Normal Trading	Pair Corr
0.63	GLBXF	Globex Mining Enterprises	Pair Corr
0.61	MSLVF	Mantaro Silver Corp	Pair Corr
0.74	FREKF	freee KK	Pair Corr
0.73	SGAPY	Singapore Telecommunicatio	Pair Corr
0.72	WZZAF	Wizz Air Holdings	Pair Corr
0.61	DVRNF	Deveron Corp	Pair Corr
0.65	GOTRF	Goliath Resources	Pair Corr
0.69	KT	KT Corporation	Pair Corr
0.76	MTTR	Matterport	Pair Corr

Moving against Montage OTC Stock

0.49	KB	KB Financial Group	Pair Corr
0.42	SHG	Shinhan Financial	Pair Corr
0.33	FUAPF	Global Cannabis Appl	Pair Corr
0.53	QMCO	Quantum Trending	Pair Corr
0.5	CHNXF	ChitogenX	Pair Corr

Related Correlations Analysis

	LVXFF	KOREF	CBGZF	IEGCF	FRERF	FSXLF	BTKRF	MTEHF	WGLIF	HSTXF
LVXFF		0.25	0.62	-0.54	-0.4	-0.73	0.0	0.0	0.76	0.78	LVXFF
KOREF	0.25		0.4	-0.08	-0.44	-0.54	0.0	0.0	0.38	0.47	KOREF
CBGZF	0.62	0.4		-0.1	-0.48	-0.46	0.0	0.0	0.74	0.8	CBGZF
IEGCF	-0.54	-0.08	-0.1		0.08	0.58	0.0	0.0	-0.38	-0.34	IEGCF
FRERF	-0.4	-0.44	-0.48	0.08		0.53	0.0	0.0	-0.54	-0.58	FRERF
FSXLF	-0.73	-0.54	-0.46	0.58	0.53		0.0	0.0	-0.62	-0.72	FSXLF
BTKRF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BTKRF
MTEHF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MTEHF
WGLIF	0.76	0.38	0.74	-0.38	-0.54	-0.62	0.0	0.0		0.77	WGLIF
HSTXF	0.78	0.47	0.8	-0.34	-0.58	-0.72	0.0	0.0	0.77		HSTXF
	LVXFF	KOREF	CBGZF	IEGCF	FRERF	FSXLF	BTKRF	MTEHF	WGLIF	HSTXF

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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

HSTXF	+ 0.8	CBGZF
HSTXF	+ 0.78	LVXFF
HSTXF	+ 0.77	WGLIF
WGLIF	+ 0.76	LVXFF
WGLIF	+ 0.74	CBGZF
CBGZF	+ 0.62	LVXFF

High negative correlations

FSXLF	- 0.73	LVXFF
HSTXF	- 0.72	FSXLF
WGLIF	- 0.62	FSXLF
HSTXF	- 0.58	FRERF
WGLIF	- 0.54	FRERF
FSXLF	- 0.54	KOREF

Risk-Adjusted Indicators

There is a big difference between Montage OTC Stock performing well and Montage 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 Montage 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
LVXFF	8.88	2.87	0.20	0.62	6.52	(25.03)	35.70	(15.49)	59.99
KOREF	6.65	0.79	0.04	0.33	9.25	(12.82)	25.00	(19.23)	71.79
CBGZF	5.18	0.83	0.12	(1.15)	5.15	(8.68)	12.50	(10.53)	37.22
IEGCF	3.26	(0.07)	0.00	(0.18)	0.00	0.00	9.09	(8.33)	27.88
FRERF	8.35	1.11	0.06	2.35	10.14	(17.15)	29.29	(27.73)	72.02
FSXLF	4.22	(0.28)	0.00	0.34	0.00	0.00	8.70	(8.33)	24.04
BTKRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MTEHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WGLIF	4.59	0.62	0.11	1.17	5.08	(5.79)	14.29	(9.73)	32.77
HSTXF	4.11	1.02	0.28	6.08	3.04	(6.23)	11.29	(5.36)	21.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Montage 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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Montage Gold Corporate Management

Elected by the shareholders, the Montage Gold's board of directors comprises two types of representatives: Montage Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Montage. The board's role is to monitor Montage Gold's management team and ensure that shareholders' interests are well served. Montage Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Montage Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

CFA CFA	Exec Devel	Profile
AccDir LLB	CEO Director	Profile
Kathy Love	Co Sec	Profile
BCom BCom	Chief Officer	Profile
BSc MAusIMM	Pres Director	Profile
Eur BSc	Chief Officer	Profile

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