Medaro Mining Correlations

MEDAF Stock

USD 0.06 0.01 13.75%

The current 90-days correlation between Medaro Mining Corp and Ameriwest Lithium is -0.04 (i.e., Good diversification). The correlation of Medaro Mining 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.

Medaro Mining Correlation With Market

Good diversification

The correlation between Medaro Mining Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Medaro Mining Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Medaro Pink Sheet

0.67	GLCNF	Glencore PLC	Pair Corr
0.66	GLNCY	Glencore PLC ADR	Pair Corr
0.62	CNCK	Coincheck Group NV	Pair Corr
0.65	MSFT	Microsoft	Pair Corr

Moving against Medaro Pink Sheet

0.77	WM	Waste Management	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.71	MCD	McDonalds	Pair Corr
0.66	RIO	Rio Tinto ADR	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.62	MMM	3M Company	Pair Corr
0.53	CSCO	Cisco Systems	Pair Corr
0.51	RTPPF	Rio Tinto Group	Pair Corr
0.5	INTC	Intel	Pair Corr
0.46	BHP	BHP Group Limited	Pair Corr
0.42	XOM	Exxon Mobil Corp	Pair Corr
0.41	DD	Dupont De Nemours	Pair Corr
0.39	HROWM	Harrow Health, 11875	Pair Corr

Related Correlations Analysis

	RRRLF	VTMXF	AWLIF	CUAUF	SRHYY	TORVF	OMZNF	VLTLF
RRRLF		-0.02	-0.44	-0.32	-0.24	0.38	-0.22	-0.44	RRRLF
VTMXF	-0.02		-0.1	0.11	0.27	-0.13	-0.04	0.28	VTMXF
AWLIF	-0.44	-0.1		0.79	0.4	-0.39	0.57	0.35	AWLIF
CUAUF	-0.32	0.11	0.79		0.66	-0.39	0.81	0.39	CUAUF
SRHYY	-0.24	0.27	0.4	0.66		-0.38	0.65	0.45	SRHYY
TORVF	0.38	-0.13	-0.39	-0.39	-0.38		-0.46	-0.21	TORVF
OMZNF	-0.22	-0.04	0.57	0.81	0.65	-0.46		0.29	OMZNF
VLTLF	-0.44	0.28	0.35	0.39	0.45	-0.21	0.29		VLTLF
	RRRLF	VTMXF	AWLIF	CUAUF	SRHYY	TORVF	OMZNF	VLTLF

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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

OMZNF	+ 0.81	CUAUF
CUAUF	+ 0.79	AWLIF
SRHYY	+ 0.66	CUAUF
OMZNF	+ 0.65	SRHYY
OMZNF	+ 0.57	AWLIF
VLTLF	+ 0.45	SRHYY

High negative correlations

OMZNF	- 0.46	TORVF
VLTLF	- 0.44	RRRLF
AWLIF	- 0.44	RRRLF
TORVF	- 0.39	CUAUF
TORVF	- 0.39	AWLIF
TORVF	- 0.38	SRHYY

Risk-Adjusted Indicators

There is a big difference between Medaro Pink Sheet performing well and Medaro Mining 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 Medaro Mining'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
RRRLF	6.36	0.17	0.02	(0.16)	8.28	(16.44)	19.61	(15.60)	66.83
VTMXF	19.74	5.47	0.15	0.81	17.16	(43.37)	75.00	(41.18)	201.72
AWLIF	11.34	1.59	0.11	0.47	12.16	(14.31)	29.44	(20.13)	75.00
CUAUF	4.12	1.52	0.14	(4.13)	3.19	(12.90)	11.90	(5.56)	88.13
SRHYY	8.58	1.61	0.09	(1.72)	9.24	(18.35)	30.77	(21.43)	65.45
TORVF	10.04	0.48	0.07	(0.16)	10.27	(17.38)	23.97	(18.22)	160.45
OMZNF	3.42	0.79	0.15	3.08	2.90	(7.83)	9.52	(4.55)	34.42
VLTLF	4.49	0.46	0.05	0.14	4.78	(7.04)	10.00	(8.70)	30.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Medaro Mining 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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BBA CA	CFO Sec	Profile
Geoffrey Balderson	Co Sec	Profile
Faizaan Lalani	Pres Director	Profile
Michael Mulberry	CEO Director	Profile

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