Perseus Mining Correlations

PRU Stock

3.18 0.01 0.31%

The correlation of Perseus Mining 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.

Perseus Mining Correlation With Market

Good diversification

The correlation between Perseus Mining and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perseus Mining and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Perseus Stock

0.93	EVN	Evolution Mining	Pair Corr
0.77	BSL	Bluescope Steel	Pair Corr
0.61	SFR	Sandfire Resources	Pair Corr
0.61	ATM	Aneka Tambang Tbk	Pair Corr
0.68	GDI	GDI Property Group	Pair Corr
0.89	CYL	Catalyst Metals	Pair Corr

Moving against Perseus Stock

0.75	VEA	Viva Energy Group	Pair Corr
0.71	AAI	Alcoa Inc	Pair Corr
0.66	WOW	Woolworths	Pair Corr
0.65	ALD	Ampol	Pair Corr

Related Correlations Analysis

	MAM	CIW	LHM	PTM	HDN	PNI	ARG	SST
MAM		0.7	0.0	0.49	0.55	0.6	0.73	0.33	MAM
CIW	0.7		0.0	0.28	0.61	0.38	0.78	0.44	CIW
LHM	0.0	0.0		0.0	0.0	0.0	0.0	0.0	LHM
PTM	0.49	0.28	0.0		0.21	0.78	0.49	-0.19	PTM
HDN	0.55	0.61	0.0	0.21		0.37	0.57	0.49	HDN
PNI	0.6	0.38	0.0	0.78	0.37		0.61	-0.03	PNI
ARG	0.73	0.78	0.0	0.49	0.57	0.61		0.17	ARG
SST	0.33	0.44	0.0	-0.19	0.49	-0.03	0.17		SST
	MAM	CIW	LHM	PTM	HDN	PNI	ARG	SST

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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

ARG	+ 0.78	CIW
PNI	+ 0.78	PTM
ARG	+ 0.73	MAM
CIW	+ 0.7	MAM
HDN	+ 0.61	CIW
ARG	+ 0.61	PNI

High negative correlations

SST	- 0.19	PTM
SST	- 0.03	PNI
SST	- 0.0	LHM
ARG	- 0.0	LHM
PNI	- 0.0	LHM
HDN	- 0.0	LHM

Risk-Adjusted Indicators

There is a big difference between Perseus Stock performing well and Perseus Mining 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 Perseus Mining'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
MAM	1.52	0.02	0.03	0.36	1.89	(3.16)	4.00	(3.70)	13.21
CIW	0.91	0.00	0.01	(0.06)	1.74	(4.32)	5.26	(2.86)	15.88
LHM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTM	1.95	(0.12)	0.00	0.30	0.00	0.00	4.62	(3.45)	28.88
HDN	0.89	0.06	0.10	(0.42)	0.98	(1.21)	1.75	(1.71)	5.91
PNI	1.87	(0.26)	0.00	(0.43)	0.00	0.00	3.47	(5.29)	13.55
ARG	0.43	(0.03)	0.00	(1.75)	0.00	0.00	0.68	(1.25)	3.30
SST	0.06	0.00	0.00	(0.03)	0.00	0.00	0.00	0.00	1.90

Be your own money manager

Our tools can tell you how much better you can do entering a position in Perseus Mining 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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Perseus Mining Corporate Management

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

FCIS FGIA	G Sec	Profile
Michael Beck	Group Manager	Profile
Melanie Pollard	Group Sustainability	Profile
Jacob Ricciardone	Chief Officer	Profile
BSc FAusIMM	Group Growth	Profile
David Schummer	Chief Officer	Profile

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