Sable Resources Correlations
SAE Stock | CAD 0.03 0.00 0.00% |
The current 90-days correlation between Sable Resources and Strikepoint Gold is 0.17 (i.e., Average diversification). The correlation of Sable 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sable Resources Correlation With Market
Good diversification
The correlation between Sable Resources and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sable Resources and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sable Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sable Resources 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 Sable Resources - 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 Sable Resources to buy it.
Moving together with Sable Stock
0.67 | AG | First Majestic Silver | PairCorr |
0.7 | IE | Ivanhoe Energy | PairCorr |
0.73 | FDY | Faraday Copper Corp | PairCorr |
0.66 | MU | Micron Technology, | PairCorr |
0.78 | QCOM | QUALCOMM Incorporated | PairCorr |
Moving against Sable Stock
0.81 | TSLA | Tesla Inc CDR | PairCorr |
0.69 | PYPL | PayPal Holdings CDR | PairCorr |
0.65 | GOOG | Alphabet CDR | PairCorr |
0.58 | BA | BOEING CDR | PairCorr |
0.42 | MSFT | Microsoft Corp CDR | PairCorr |
0.32 | FDR | Flinders Resources | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Sable Stock performing well and Sable 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 Sable 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ABRA | 3.01 | (0.03) | 0.00 | 0.04 | 0.00 | 6.71 | 15.45 | |||
DEF | 4.92 | (0.11) | 0.00 | 2.32 | 0.00 | 14.29 | 31.79 | |||
SKP | 8.48 | 0.19 | 0.01 | (1.46) | 9.93 | 21.43 | 97.10 | |||
SSV | 4.46 | (0.37) | 0.00 | (8.79) | 0.00 | 9.52 | 41.56 | |||
EQTY | 4.66 | 0.05 | 0.00 | (0.09) | 5.01 | 14.29 | 31.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sable Resources 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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Sable Resources Corporate Management
Elected by the shareholders, the Sable Resources' board of directors comprises two types of representatives: Sable Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sable. The board's role is to monitor Sable Resources' management team and ensure that shareholders' interests are well served. Sable Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sable Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Terence PGeo | VP Director | Profile | |
Charlotte May | Company Secretary | Profile | |
Kelso Cartwright | Chief Officer | Profile | |
Luis Arteaga | Vice Exploration | Profile | |
Morten Riset | Consultant | Profile |