Mandalay Resources Correlations
| MND Stock | CAD 3.70 0.09 2.49% |
The current 90-days correlation between Mandalay Resources Corp and North Arrow Minerals is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mandalay Resources Correlation With Market
Good diversification
The correlation between Mandalay Resources Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mandalay Resources Corp and DJI in the same portfolio, assuming nothing else is changed.
Mandalay |
The ability to find closely correlated positions to Mandalay 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 Mandalay 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 Mandalay 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 Mandalay Resources Corp to buy it.
Moving together with Mandalay Stock
Moving against Mandalay Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Mandalay Stock performing well and Mandalay 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 Mandalay 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NAR | 6.81 | (0.74) | 0.00 | (0.08) | 0.00 | 28.57 | 83.33 | |||
| ITH | 3.61 | (0.11) | (0.02) | 0.02 | 4.69 | 7.79 | 28.06 | |||
| JADE | 2.00 | (0.35) | 0.00 | (0.34) | 0.00 | 0.00 | 83.33 | |||
| MOX | 2.99 | (0.13) | 0.00 | (0.43) | 0.00 | 10.34 | 36.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mandalay 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.Did you try this?
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Mandalay Resources Corporate Management
Elected by the shareholders, the Mandalay Resources' board of directors comprises two types of representatives: Mandalay Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mandalay. The board's role is to monitor Mandalay Resources' management team and ensure that shareholders' interests are well served. Mandalay Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mandalay Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chris Davis | Vice Exploration | Profile | |
| Terrell Ackerman | Director | Profile | |
| Nicholas CA | Chief Officer | Profile | |
| Greg DiTomaso | IR Contact Officer | Profile | |
| Belinda Labatte | Head of Stakeholder Engagement and Corporate Affairs; Corporate Secretary | Profile | |
| Jasmine Virk | Senior Secretary | Profile |