Osisko Development Correlations
| ODV Stock | USD 1.85 0.11 6.32% |
The current 90-days correlation between Osisko Development Corp and Dakota Gold Corp is 0.31 (i.e., Weak diversification). The correlation of Osisko Development 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.
Osisko Development Correlation With Market
Significant diversification
The correlation between Osisko Development Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osisko Development Corp and DJI in the same portfolio, assuming nothing else is changed.
Osisko |
Moving together with Osisko Stock
| 0.73 | AU | AngloGold Ashanti plc | PairCorr |
| 0.79 | CE | Celanese | PairCorr |
| 0.72 | SA | Seabridge Gold | PairCorr |
| 0.72 | BAK | Braskem SA Class | PairCorr |
| 0.81 | DOW | Dow Inc Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.79 | EGO | Eldorado Gold Corp | PairCorr |
| 0.62 | EQX | Equinox Gold Corp | PairCorr |
| 0.77 | ERO | Ero Copper Corp | PairCorr |
| 0.76 | HUN | Huntsman | PairCorr |
Moving against Osisko Stock
| 0.73 | WS | Worthington Steel | PairCorr |
| 0.61 | CMC | Commercial Metals | PairCorr |
| 0.59 | RS | Reliance Steel Aluminum | PairCorr |
| 0.48 | WLKP | Westlake Chemical | PairCorr |
| 0.4 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.37 | MSB | Mesabi Trust | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Osisko Stock performing well and Osisko Development 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 Osisko Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASWRF | 1.81 | 0.15 | (0.01) | (0.01) | 3.63 | 4.55 | 39.92 | |||
| OMMSF | 5.67 | 0.07 | 0.00 | 0.07 | 0.00 | 11.76 | 73.49 | |||
| SITKF | 5.41 | 0.61 | 0.10 | 0.40 | 5.02 | 14.29 | 32.64 | |||
| DC | 2.32 | (0.16) | (0.04) | (0.01) | 2.66 | 5.73 | 14.93 | |||
| OSIIF | 0.70 | 0.13 | 0.00 | (0.71) | 0.83 | 1.60 | 6.84 | |||
| AIRRF | 2.38 | 0.19 | 0.00 | (0.20) | 2.92 | 5.13 | 15.14 | |||
| ORZCF | 2.80 | (0.22) | 0.00 | (0.61) | 0.00 | 5.36 | 22.11 | |||
| RIOFF | 2.30 | 0.26 | 0.05 | 1.47 | 2.19 | 5.77 | 16.67 | |||
| NRRSF | 6.44 | 2.09 | 0.21 | (1.05) | 4.59 | 18.16 | 59.70 |
Osisko Development Corporate Management
| BBA CA | CFO Fin | Profile | |
| Eng BASc | Chief Officer | Profile | |
| Sean Eng | NonIndependent CEO | Profile | |
| Martin Menard | VicePres Construction | Profile | |
| Laurence Farmer | VP Counsel | Profile |