NGEx Minerals Correlations
| NGXXF Stock | USD 8.88 0.09 1.02% |
The current 90-days correlation between NGEx Minerals and Adriatic Metals PLC is 0.04 (i.e., Significant diversification). The correlation of NGEx 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.
NGEx Minerals Correlation With Market
Significant diversification
The correlation between NGEx Minerals and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NGEx Minerals and DJI in the same portfolio, assuming nothing else is changed.
NGEx |
The ability to find closely correlated positions to NGEx 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 NGEx 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 NGEx 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 NGEx Minerals to buy it.
Moving together with NGEx OTC Stock
| 0.79 | MET | MetLife Sell-off Trend | PairCorr |
| 0.7 | JXN-PA | Jackson Financial | PairCorr |
| 0.73 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.62 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.82 | HPQ | HP Inc | PairCorr |
| 0.73 | WMT | Walmart Aggressive Push | PairCorr |
| 0.81 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.83 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against NGEx OTC Stock
| 0.56 | AFFL | Affiliated Resources Corp | PairCorr |
| 0.41 | CTPR | CTPartners Executive | PairCorr |
| 0.68 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.61 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.45 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between NGEx OTC Stock performing well and NGEx Minerals 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 NGEx Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QNICF | 2.95 | (0.39) | 0.00 | (0.05) | 0.00 | 3.50 | 133.99 | |||
| IIDDY | 0.92 | 0.18 | 0.00 | 0.63 | 0.00 | 0.00 | 20.69 | |||
| AVRTF | 2.53 | (1.33) | 0.00 | (10.69) | 0.00 | 0.00 | 84.29 | |||
| ADTLF | 1.81 | 0.45 | 0.06 | 3.02 | 1.90 | 5.20 | 25.51 | |||
| BBBMF | 18.16 | 7.44 | 0.00 | 1.24 | 0.00 | 0.00 | 667.47 | |||
| ECORF | 5.38 | (0.23) | 0.00 | (0.05) | 0.00 | 21.48 | 57.11 | |||
| TORVF | 7.72 | 1.08 | 0.04 | (0.98) | 10.38 | 24.53 | 97.99 | |||
| BCMRF | 4.58 | 0.45 | 0.00 | 3.57 | 0.00 | 20.00 | 78.09 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NGEx 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.Did you try this?
Run Portfolio Manager Now
Portfolio ManagerState of the art Portfolio Manager to monitor and improve performance of your invested capital |
| All Next | Launch Module |
NGEx Minerals Corporate Management
Elected by the shareholders, the NGEx Minerals' board of directors comprises two types of representatives: NGEx Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NGEx. The board's role is to monitor NGEx Minerals' management team and ensure that shareholders' interests are well served. NGEx Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NGEx Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey Yip | Chief Officer | Profile | |
| Judy McCall | Co Sec | Profile | |
| Wojtek PG | CEO Pres | Profile | |
| PEng BASc | VP Exploration | Profile |