Osisko Metals Correlations
| OMZNF Stock | USD 0.17 0.01 5.56% |
The current 90-days correlation between Osisko Metals and C3 Metals is -0.04 (i.e., Good diversification). The correlation of Osisko Metals 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.
Osisko Metals Correlation With Market
Significant diversification
The correlation between Osisko Metals Incorporated and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Osisko Metals Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Osisko |
The ability to find closely correlated positions to Osisko Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Osisko Metals 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 Osisko Metals - 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 Osisko Metals Incorporated to buy it.
Moving together with Osisko OTC Stock
| 0.64 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Osisko OTC Stock
| 0.61 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.6 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.55 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.4 | VZ | Verizon Communications Sell-off Trend | PairCorr |
| 0.32 | GLCNF | Glencore PLC | PairCorr |
| 0.31 | GLNCY | Glencore PLC ADR | 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
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Risk-Adjusted Indicators
There is a big difference between Osisko OTC Stock performing well and Osisko Metals 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 Osisko Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CUAUF | 3.70 | 0.17 | 0.00 | (0.40) | 5.44 | 15.00 | 57.03 | |||
| SRHYY | 7.27 | 1.19 | 0.05 | (0.99) | 8.94 | 21.43 | 116.05 | |||
| TORVF | 7.72 | 1.08 | 0.04 | (0.98) | 10.38 | 24.53 | 97.99 | |||
| VLTLF | 4.19 | (0.65) | 0.00 | (0.55) | 0.00 | 7.14 | 34.71 | |||
| QNICF | 2.95 | (0.39) | 0.00 | (0.05) | 0.00 | 3.50 | 133.99 | |||
| ECORF | 5.38 | (0.23) | 0.00 | (0.05) | 0.00 | 21.48 | 57.11 | |||
| IMIMF | 7.91 | 0.84 | 0.04 | 0.77 | 10.14 | 28.74 | 88.20 | |||
| ILHMF | 5.87 | 0.67 | 0.03 | (0.18) | 6.80 | 14.81 | 54.26 | |||
| AUMTF | 0.60 | 0.08 | 0.00 | (0.15) | 0.00 | 0.00 | 36.67 | |||
| JUGRF | 5.54 | (0.45) | 0.00 | 1.50 | 0.00 | 11.67 | 48.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Osisko Metals 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?
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Osisko Metals Corporate Management
Elected by the shareholders, the Osisko Metals' board of directors comprises two types of representatives: Osisko Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Osisko. The board's role is to monitor Osisko Metals' management team and ensure that shareholders' interests are well served. Osisko Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Osisko Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Killian Charles | VP Devel | Profile | |
| Christina Lalli | Director Relations | Profile | |
| BSc FGAC | COO Pres | Profile | |
| Terry Novak | Pres Inc | Profile | |
| Robert PGeo | Chairman Founder | Profile | |
| P PGeo | VP Exploration | Profile |