Premier African Correlations

PRMMF Stock

0.0003 0.00 0.00%

The current 90-days correlation between Premier African Minerals and Denison Mines Corp is 0.04 (i.e., Significant diversification). The correlation of Premier African 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.

Premier African Correlation With Market

Significant diversification

The correlation between Premier African Minerals and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Premier African Minerals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Premier Pink Sheet

0.69

MSFT

Microsoft

Pair Corr

Moving against Premier Pink Sheet

0.91	AAVMY	ABN AMRO Bank	Pair Corr
0.88	AXIL	AXIL Brands,	Pair Corr
0.85	T	ATT Inc Aggressive Push	Pair Corr
0.75	HWM	Howmet Aerospace	Pair Corr
0.72	CHCJY	China Citic Bank	Pair Corr
0.69	PLTR	Palantir Technologies	Pair Corr
0.67	COST	Costco Wholesale Corp	Pair Corr
0.66	META	Meta Platforms	Pair Corr
0.65	BRK-A	Berkshire Hathaway	Pair Corr
0.34	BMYMP	Bristol Myers Squibb	Pair Corr
0.91	KO	Coca Cola	Pair Corr
0.83	AGI	Alamos Gold	Pair Corr
0.83	TCTZF	Tencent Holdings	Pair Corr
0.8	BLAGF	Blue Lagoon Resources	Pair Corr
0.73	WPM	Wheaton Precious Metals	Pair Corr
0.72	YUM	Yum Brands	Pair Corr
0.7	GPI	Group 1 Automotive	Pair Corr
0.66	MCD	McDonalds	Pair Corr
0.64	KPLTW	Katapult Holdings Equity	Pair Corr
0.61	AAMMF	Almadex Minerals	Pair Corr
0.59	GRABW	Grab Holdings Limited	Pair Corr
0.55	KOREF	KORE Mining	Pair Corr
0.49	ATRC	AtriCure	Pair Corr

Related Correlations Analysis

	DNN	ZIJMF	BNTX	PMNXF	ANY	VCSA	KUYAF	PSFE
DNN		-0.32	0.1	-0.47	0.94	-0.65	-0.22	-0.17	DNN
ZIJMF	-0.32		0.25	0.55	-0.36	0.49	0.6	0.55	ZIJMF
BNTX	0.1	0.25		0.16	0.09	0.28	0.32	0.28	BNTX
PMNXF	-0.47	0.55	0.16		-0.49	0.4	0.72	0.65	PMNXF
ANY	0.94	-0.36	0.09	-0.49		-0.68	-0.31	-0.21	ANY
VCSA	-0.65	0.49	0.28	0.4	-0.68		0.29	0.36	VCSA
KUYAF	-0.22	0.6	0.32	0.72	-0.31	0.29		0.66	KUYAF
PSFE	-0.17	0.55	0.28	0.65	-0.21	0.36	0.66		PSFE
	DNN	ZIJMF	BNTX	PMNXF	ANY	VCSA	KUYAF	PSFE

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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

ANY	+ 0.94	DNN
KUYAF	+ 0.72	PMNXF
PSFE	+ 0.66	KUYAF
PSFE	+ 0.65	PMNXF
KUYAF	+ 0.6	ZIJMF
PMNXF	+ 0.55	ZIJMF

High negative correlations

VCSA	- 0.68	ANY
VCSA	- 0.65	DNN
ANY	- 0.49	PMNXF
PMNXF	- 0.47	DNN
ANY	- 0.36	ZIJMF
ZIJMF	- 0.32	DNN

Risk-Adjusted Indicators

There is a big difference between Premier Pink Sheet performing well and Premier African 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 Premier African'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
DNN	2.68	(0.61)	0.00	(0.80)	0.00	0.00	4.08	(5.29)	30.33
ZIJMF	2.50	0.03	0.02	(0.13)	2.74	(3.48)	6.38	(5.50)	16.52
BNTX	2.47	0.12	0.04	0.17	2.74	(2.83)	5.55	(4.92)	14.87
PMNXF	1.90	0.19	0.07	14.04	2.31	(2.36)	4.49	(3.98)	13.86
ANY	4.13	(0.95)	0.00	(1.33)	0.00	0.00	7.92	(7.69)	27.40
VCSA	3.07	0.99	0.29	2.39	2.38	(4.03)	12.37	(5.88)	31.66
KUYAF	3.27	0.00	0.00	(0.02)	0.00	0.00	9.52	(8.33)	24.16
PSFE	2.14	0.26	0.07	0.29	3.50	(2.20)	4.10	(3.25)	33.26

Premier African Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Premier African pink sheet to make a market-neutral strategy. Peer analysis of Premier African could also be used in its relative valuation, which is a method of valuing Premier African by comparing valuation metrics with similar companies.

Denison Mines Corp Zijin Mining Group BioNTech SE Perseus Mining Limited Sphere 3D Corp Vacasa Inc Kuya Silver Paysafe American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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