Perpetua Resources Correlations

PPTA Stock

USD 11.19 0.04 0.36%

The current 90-days correlation between Perpetua Resources Corp and SilverCrest Metals is -0.27 (i.e., Very good diversification). The correlation of Perpetua Resources 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.

Perpetua Resources Correlation With Market

Average diversification

The correlation between Perpetua Resources Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perpetua Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perpetua Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Perpetua Stock

0.81	MUX	McEwen Mining	Pair Corr
0.71	ATLX	Atlas Lithium	Pair Corr
0.66	AA	Alcoa Corp	Pair Corr
0.73	CC	Chemours	Pair Corr
0.82	CE	Celanese	Pair Corr
0.67	CF	CF Industries Holdings	Pair Corr
0.64	FF	FutureFuel Corp	Pair Corr
0.76	SA	Seabridge Gold Earnings Call Today	Pair Corr

Moving against Perpetua Stock

0.62	DC	Dakota Gold Corp	Pair Corr
0.46	DD	Dupont De Nemours	Pair Corr
0.41	TFPM	Triple Flag Precious	Pair Corr
0.39	GROY	Gold Royalty Corp Earnings Call This Week	Pair Corr
0.39	ITRG	Integra Resources Corp Earnings Call Tomorrow	Pair Corr
0.38	CX	Cemex SAB de Buyout Trend	Pair Corr
0.31	ASM	Avino Silver Gold	Pair Corr
0.31	AU	AngloGold Ashanti plc	Pair Corr
0.58	MT	ArcelorMittal SA ADR	Pair Corr
0.51	AGI	Alamos Gold	Pair Corr
0.48	VALE	Vale SA ADR	Pair Corr
0.41	AEM	Agnico Eagle Mines	Pair Corr
0.39	WLKP	Westlake Chemical	Pair Corr
0.38	RS	Reliance Steel Aluminum	Pair Corr
0.35	MP	MP Materials Corp	Pair Corr
0.33	HYMCL	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	SILV	NEWP	EXK	MUX	MTA	DMIFF	GLDRF	STRFF	TEUTF	GLGDF
SILV		0.23	0.32	-0.07	-0.22	-0.15	0.0	-0.56	-0.57	0.3	SILV
NEWP	0.23		0.41	0.58	0.11	0.56	0.0	0.07	0.03	-0.07	NEWP
EXK	0.32	0.41		-0.19	0.58	0.31	0.0	-0.41	-0.2	0.76	EXK
MUX	-0.07	0.58	-0.19		-0.1	0.37	0.0	0.35	0.14	-0.4	MUX
MTA	-0.22	0.11	0.58	-0.1		0.17	0.0	0.25	0.5	0.64	MTA
DMIFF	-0.15	0.56	0.31	0.37	0.17		0.0	-0.02	0.01	-0.03	DMIFF
GLDRF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	GLDRF
STRFF	-0.56	0.07	-0.41	0.35	0.25	-0.02	0.0		0.86	-0.45	STRFF
TEUTF	-0.57	0.03	-0.2	0.14	0.5	0.01	0.0	0.86		-0.21	TEUTF
GLGDF	0.3	-0.07	0.76	-0.4	0.64	-0.03	0.0	-0.45	-0.21		GLGDF
	SILV	NEWP	EXK	MUX	MTA	DMIFF	GLDRF	STRFF	TEUTF	GLGDF

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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	+ 0.86	STRFF
GLGDF	+ 0.76	EXK
GLGDF	+ 0.64	MTA
MUX	+ 0.58	NEWP
MTA	+ 0.58	EXK
DMIFF	+ 0.56	NEWP

High negative correlations

TEUTF	- 0.57	SILV
STRFF	- 0.56	SILV
GLGDF	- 0.45	STRFF
STRFF	- 0.41	EXK
GLGDF	- 0.4	MUX
MTA	- 0.22	SILV

Risk-Adjusted Indicators

There is a big difference between Perpetua Stock performing well and Perpetua Resources 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 Perpetua Resources' 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
SILV	2.70	0.21	0.08	(7.25)	2.99	(2.92)	7.36	(4.41)	15.24
NEWP	2.94	(0.09)	0.00	(0.17)	0.00	0.00	6.78	(5.65)	16.52
EXK	3.40	0.39	0.10	3.51	3.94	(3.79)	8.31	(7.73)	27.89
MUX	2.38	(0.11)	0.00	0.26	0.00	0.00	4.47	(6.42)	20.85
MTA	2.50	0.17	0.07	0.31	2.48	(3.11)	6.69	(4.40)	14.48
DMIFF	6.16	1.67	0.00	0.35	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	2.01	(0.17)	0.00	(0.33)	0.00	0.00	5.88	(5.56)	22.22
TEUTF	2.45	(0.19)	0.00	(0.39)	0.00	0.00	4.62	(5.33)	22.05
GLGDF	2.89	0.76	0.22	5.12	2.75	(3.75)	6.85	(5.11)	15.55

Perpetua Resources Corporate Management

Gabe Stayton	Controller	Profile
Travis Walker	General Operations	Profile
Belinda Provancher	Community Manager	Profile
Marty Boughton	Public Manager	Profile
Austin Zinsser	Resource Geologist	Profile
Alyssa Terteling	Public Specialist	Profile

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