New Pacific Correlations

NEWP Stock

USD 1.25 0.07 5.30%

The current 90-days correlation between New Pacific Metals and Metalla Royalty Streaming is 0.54 (i.e., Very weak diversification). The correlation of New Pacific 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. If the correlation is 0, the equities are not correlated; they are entirely random.

New Pacific Correlation With Market

Average diversification

The correlation between New Pacific Metals and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding New Pacific Metals and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in New Pacific Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing.

Moving together with New Stock

0.61

Nextnav Acquisition Corp

Pair Corr

Moving against New Stock

0.57	CSCO	Cisco Systems	Pair Corr
0.54	ALTR	Altair Engineering	Pair Corr
0.43	BB	BlackBerry	Pair Corr
0.4	FTNT	Fortinet	Pair Corr
0.38	GB	Global Blue Group	Pair Corr
0.34	JG	Aurora Mobile	Pair Corr
0.33	MLGO	MicroAlgo	Pair Corr
0.5	SSNLF	Samsung Electronics	Pair Corr
0.43	JNJ	Johnson Johnson	Pair Corr
0.37	T	ATT Inc Earnings Call Tomorrow	Pair Corr
0.37	PFE	Pfizer Inc	Pair Corr
0.36	WM	Waste Management	Pair Corr
0.33	MCD	McDonalds	Pair Corr
0.31	300131	ShenZhen Yitoa Intel	Pair Corr
0.31	IBM	International Business	Pair Corr

Related Correlations Analysis

	EXK	MTA	HL	GATO	SILV	MUX	DMIFF	GLDRF	STRFF	TEUTF
EXK		0.58	0.61	0.0	0.36	-0.07	0.34	0.0	-0.39	-0.16	EXK
MTA	0.58		0.84	0.0	-0.19	-0.12	0.13	0.0	0.27	0.52	MTA
HL	0.61	0.84		0.0	-0.04	0.17	0.24	0.0	0.14	0.34	HL
GATO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	GATO
SILV	0.36	-0.19	-0.04	0.0		-0.07	-0.15	0.0	-0.55	-0.53	SILV
MUX	-0.07	-0.12	0.17	0.0	-0.07		0.37	0.0	0.3	0.11	MUX
DMIFF	0.34	0.13	0.24	0.0	-0.15	0.37		0.0	-0.07	-0.03	DMIFF
GLDRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GLDRF
STRFF	-0.39	0.27	0.14	0.0	-0.55	0.3	-0.07	0.0		0.85	STRFF
TEUTF	-0.16	0.52	0.34	0.0	-0.53	0.11	-0.03	0.0	0.85		TEUTF
	EXK	MTA	HL	GATO	SILV	MUX	DMIFF	GLDRF	STRFF	TEUTF

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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

TEUTF	+ 0.85	STRFF
HL	+ 0.84	MTA
HL	+ 0.61	EXK
MTA	+ 0.58	EXK
TEUTF	+ 0.52	MTA
DMIFF	+ 0.37	MUX

High negative correlations

STRFF	- 0.55	SILV
TEUTF	- 0.53	SILV
STRFF	- 0.39	EXK
SILV	- 0.19	MTA
TEUTF	- 0.16	EXK
DMIFF	- 0.15	SILV

Risk-Adjusted Indicators

There is a big difference between New Stock performing well and New Pacific 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 New Pacific'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
EXK	3.42	0.38	0.10	2.47	3.95	(3.79)	8.31	(7.73)	25.80
MTA	2.52	0.20	0.09	0.34	2.51	(3.04)	6.69	(4.40)	14.48
HL	2.31	0.20	0.05	0.20	3.89	(2.16)	5.44	(5.16)	21.73
GATO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SILV	2.70	0.18	0.09	(0.47)	2.99	(2.92)	7.36	(4.41)	15.24
MUX	2.38	(0.05)	0.00	(0.14)	0.00	0.00	4.47	(6.42)	20.85
DMIFF	6.16	1.49	0.00	(4.52)	0.00	0.00	0.00	(1.96)	150.00
GLDRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STRFF	2.04	(0.07)	0.00	(0.20)	0.00	0.00	5.88	(5.56)	22.22
TEUTF	2.38	(0.11)	0.00	(0.20)	0.00	0.00	4.62	(4.69)	22.05

New Pacific Corporate Management

Svetoslava Pavlova	Vice President - Investor Relations and Corporate Communications	Profile
Thomas Hawkins	Independent Director	Profile
YongJae Kim	General Counsel, Corporate Secretary	Profile
Jack Austin	Independent Chairman of the Board	Profile
Xiangdong Jiang	Vice Development	Profile
Martin Wafforn	Independent Director	Profile

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