Outcrop Gold Correlations

OCGSF Stock

USD 0.16 0.01 6.67%

The current 90-days correlation between Outcrop Gold Corp and Cartier Iron Corp is -0.21 (i.e., Very good diversification). The correlation of Outcrop Gold 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.

Outcrop Gold Correlation With Market

Good diversification

The correlation between Outcrop Gold Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Outcrop Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Outcrop OTC Stock

0.68	ANGPY	Anglo American Platinum	Pair Corr
0.76	FNLPF	Fresnillo PLC	Pair Corr
0.68	BVN	Compania de Minas	Pair Corr
0.77	TFPM	Triple Flag Precious	Pair Corr
0.76	CWCO	Consolidated Water Earnings Call This Week	Pair Corr
0.67	BAOB	Baraboo Bancorporation	Pair Corr
0.74	AXSM	Axsome Therapeutics	Pair Corr
0.61	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.74	NVRO	Nevro Corp	Pair Corr
0.66	CBYDF	Corby Spirit	Pair Corr
0.64	CDR-PB	Cedar Realty Trust	Pair Corr
0.66	TCTZF	Tencent Holdings	Pair Corr

Moving against Outcrop OTC Stock

0.53	PPERF	Bank Mandiri Persero	Pair Corr
0.52	PPERY	Bank Mandiri Persero	Pair Corr
0.46	ZMPLF	Zimplats Holdings	Pair Corr
0.41	TLK	Telkom Indonesia Tbk	Pair Corr
0.36	PTAIY	Astra International Tbk	Pair Corr

Related Correlations Analysis

	CMCXF	CAPTF	CRTIF	ASLRF	DDNFF	ASDZF	EQMEF	SMDRF	SWLFF	WAMFF
CMCXF		-0.02	0.0	0.24	0.0	0.21	-0.24	-0.08	0.23	-0.34	CMCXF
CAPTF	-0.02		0.59	-0.21	0.0	0.44	0.5	0.72	-0.48	0.6	CAPTF
CRTIF	0.0	0.59		-0.32	0.0	0.22	0.26	0.35	-0.52	0.36	CRTIF
ASLRF	0.24	-0.21	-0.32		0.0	-0.06	-0.32	-0.11	0.13	-0.27	ASLRF
DDNFF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DDNFF
ASDZF	0.21	0.44	0.22	-0.06	0.0		0.01	0.22	-0.16	0.04	ASDZF
EQMEF	-0.24	0.5	0.26	-0.32	0.0	0.01		0.68	-0.28	0.69	EQMEF
SMDRF	-0.08	0.72	0.35	-0.11	0.0	0.22	0.68		-0.37	0.62	SMDRF
SWLFF	0.23	-0.48	-0.52	0.13	0.0	-0.16	-0.28	-0.37		-0.48	SWLFF
WAMFF	-0.34	0.6	0.36	-0.27	0.0	0.04	0.69	0.62	-0.48		WAMFF
	CMCXF	CAPTF	CRTIF	ASLRF	DDNFF	ASDZF	EQMEF	SMDRF	SWLFF	WAMFF

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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

SMDRF	+ 0.72	CAPTF
WAMFF	+ 0.69	EQMEF
SMDRF	+ 0.68	EQMEF
WAMFF	+ 0.62	SMDRF
WAMFF	+ 0.6	CAPTF
CRTIF	+ 0.59	CAPTF

High negative correlations

SWLFF	- 0.52	CRTIF
WAMFF	- 0.48	SWLFF
SWLFF	- 0.48	CAPTF
SWLFF	- 0.37	SMDRF
WAMFF	- 0.34	CMCXF
EQMEF	- 0.32	ASLRF

Risk-Adjusted Indicators

There is a big difference between Outcrop OTC Stock performing well and Outcrop Gold 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 Outcrop Gold'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
CMCXF	14.44	1.45	0.07	0.23	14.10	(20.17)	33.33	(26.14)	77.13
CAPTF	5.10	0.73	0.10	0.39	4.75	(9.05)	15.38	(9.09)	44.05
CRTIF	11.81	4.53	0.13	(35.25)	10.12	(39.64)	32.45	(10.00)	237.51
ASLRF	71.61	32.85	0.57	0.93	24.38	(291.17)	125.00	(56.25)	1,826
DDNFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASDZF	8.00	0.92	0.03	0.17	9.89	(22.68)	35.29	(22.46)	85.21
EQMEF	5.38	0.47	0.06	0.52	5.16	(8.88)	12.50	(7.69)	27.88
SMDRF	4.02	0.46	0.07	1.50	4.42	(7.08)	9.38	(8.57)	28.51
SWLFF	7.59	0.38	0.04	(0.30)	9.34	(11.88)	17.89	(17.55)	71.91
WAMFF	6.09	0.76	0.10	(2.58)	6.13	(10.36)	20.00	(10.81)	56.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Outcrop Gold 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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Outcrop Gold Corporate Management

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

Ian CA	Ex Chairman	Profile
Guillermo Geo	VP Exploration	Profile
Sunil Sharma	Chief Officer	Profile
Melissa Martensen	Co Sec	Profile
Kathy Li	Director Relations	Profile
Joseph Geo	CEO Pres	Profile
Steven Ristorcelli	Consultant	Profile

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