RESOLUTION MINERALS Correlations

NC3 Stock

EUR 0.0005 0.00 0.00%

The correlation of RESOLUTION MINERALS 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.

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

Moving against RESOLUTION Stock

0.41	M7U	M-U-T -	Pair Corr
0.32	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.32	FTK	flatexDEGIRO AG	Pair Corr
0.32	C8C	Consolidated Communications	Pair Corr
0.45	Z56	QINGCI GAMES INC	Pair Corr
0.38	SNQB	SANOMA Dusseldorf	Pair Corr
0.36	NH5	NH HOTEL GROUP	Pair Corr
0.35	GIFN	GigaMedia	Pair Corr

Related Correlations Analysis

	CRA1	NGLB	F5J	LIS	NE0	W2F	5LA1	3FN	3FNA
CRA1		0.53	-0.01	0.44	0.07	0.1	0.38	0.46	0.44	CRA1
NGLB	0.53		-0.36	-0.26	0.05	0.39	-0.31	0.26	0.2	NGLB
F5J	-0.01	-0.36		0.52	-0.28	-0.25	0.58	-0.22	-0.05	F5J
LIS	0.44	-0.26	0.52		-0.1	-0.34	0.94	0.41	0.46	LIS
NE0	0.07	0.05	-0.28	-0.1		0.22	-0.14	0.3	0.27	NE0
W2F	0.1	0.39	-0.25	-0.34	0.22		-0.27	0.04	-0.06	W2F
5LA1	0.38	-0.31	0.58	0.94	-0.14	-0.27		0.32	0.36	5LA1
3FN	0.46	0.26	-0.22	0.41	0.3	0.04	0.32		0.77	3FN
3FNA	0.44	0.2	-0.05	0.46	0.27	-0.06	0.36	0.77		3FNA
	CRA1	NGLB	F5J	LIS	NE0	W2F	5LA1	3FN	3FNA

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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

5LA1	+ 0.94	LIS
3FNA	+ 0.77	3FN
5LA1	+ 0.58	F5J
NGLB	+ 0.53	CRA1
LIS	+ 0.52	F5J
3FN	+ 0.46	CRA1

High negative correlations

F5J	- 0.36	NGLB
W2F	- 0.34	LIS
5LA1	- 0.31	NGLB
NE0	- 0.28	F5J
5LA1	- 0.27	W2F
LIS	- 0.26	NGLB

Risk-Adjusted Indicators

There is a big difference between RESOLUTION Stock performing well and RESOLUTION MINERALS 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 RESOLUTION MINERALS'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
CRA1	1.08	(0.07)	0.00	1.50	0.00	0.00	2.16	(1.73)	6.33
NGLB	1.57	0.14	0.05	0.43	2.16	(1.73)	3.42	(4.72)	10.23
F5J	2.74	(0.51)	0.00	(0.62)	0.00	0.00	5.81	(5.86)	20.78
LIS	2.04	(0.61)	0.00	(4.14)	0.00	0.00	4.35	(9.26)	29.22
NE0	2.34	(0.09)	0.00	0.15	0.00	0.00	4.86	(4.46)	23.16
W2F	0.79	0.02	0.00	(0.16)	1.02	(1.55)	2.04	(2.00)	9.86
5LA1	5.78	(0.58)	0.00	(0.59)	0.00	0.00	14.08	(11.11)	52.38
3FN	2.38	0.25	0.10	0.59	2.15	(3.54)	7.02	(3.82)	17.46
3FNA	2.34	0.23	0.06	0.70	3.01	(2.66)	5.36	(4.69)	16.29

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Our tools can tell you how much better you can do entering a position in RESOLUTION MINERALS 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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RESOLUTION MINERALS Corporate Management

Elected by the shareholders, the RESOLUTION MINERALS's board of directors comprises two types of representatives: RESOLUTION MINERALS inside directors who are chosen from within the company, and outside directors, selected externally and held independent of RESOLUTION. The board's role is to monitor RESOLUTION MINERALS's management team and ensure that shareholders' interests are well served. RESOLUTION MINERALS'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, RESOLUTION MINERALS's outside directors are responsible for providing unbiased perspectives on the board's policies.

Duncan Chessell	Non-Executive Director	Profile
Leonard Dean	Non-Executive Chairman of the Board	Profile
Craig Farrow	Chairman of the Board	Profile
Andrew Shearer	Non-Executive Director	Profile

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