Strategic Resources Correlations

SCCFF Stock

USD 0.41 0.00 0.00%

The current 90-days correlation between Strategic Resources and ZincX Resources Corp is 0.01 (i.e., Significant diversification). The correlation of Strategic 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.

Strategic Resources Correlation With Market

Modest diversification

The correlation between Strategic Resources and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Strategic Resources and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Strategic 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 Strategic 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 Strategic 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 Strategic Resources to buy it.

Moving together with Strategic Pink Sheet

0.61	GLNCY	Glencore PLC ADR	Pair Corr
0.64	CNCK	Coincheck Group NV	Pair Corr
0.61	CAT	Caterpillar	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.91	HPQ	HP Inc	Pair Corr
0.84	AXP	American Express Sell-off Trend	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.73	MSFT	Microsoft	Pair Corr

Moving against Strategic Pink Sheet

0.82	TRV	The Travelers Companies	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.68	RIO	Rio Tinto ADR	Pair Corr
0.57	MCD	McDonalds	Pair Corr
0.48	WM	Waste Management	Pair Corr
0.43	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.42	HROWM	Harrow Health, 11875	Pair Corr
0.38	MMM	3M Company	Pair Corr

Related Correlations Analysis

	ZNCXF	NWIFF	QNICF	STSBF	MUNMF	NRRMF	ESVNF	EROSF	ZZZOF
ZNCXF		0.21	-0.09	-0.8	-0.21	0.0	0.09	0.53	0.58	ZNCXF
NWIFF	0.21		0.17	-0.07	0.03	0.0	0.15	0.17	-0.16	NWIFF
QNICF	-0.09	0.17		0.24	-0.19	0.0	0.11	-0.5	0.0	QNICF
STSBF	-0.8	-0.07	0.24		0.2	0.0	-0.08	-0.48	-0.38	STSBF
MUNMF	-0.21	0.03	-0.19	0.2		0.0	-0.22	0.11	0.11	MUNMF
NRRMF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NRRMF
ESVNF	0.09	0.15	0.11	-0.08	-0.22	0.0		-0.14	-0.12	ESVNF
EROSF	0.53	0.17	-0.5	-0.48	0.11	0.0	-0.14		0.23	EROSF
ZZZOF	0.58	-0.16	0.0	-0.38	0.11	0.0	-0.12	0.23		ZZZOF
	ZNCXF	NWIFF	QNICF	STSBF	MUNMF	NRRMF	ESVNF	EROSF	ZZZOF

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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

ZZZOF	+ 0.58	ZNCXF
EROSF	+ 0.53	ZNCXF
STSBF	+ 0.24	QNICF
ZZZOF	+ 0.23	EROSF
NWIFF	+ 0.21	ZNCXF
MUNMF	+ 0.2	STSBF

High negative correlations

STSBF	- 0.8	ZNCXF
EROSF	- 0.5	QNICF
EROSF	- 0.48	STSBF
ZZZOF	- 0.38	STSBF
ESVNF	- 0.22	MUNMF
MUNMF	- 0.21	ZNCXF

Risk-Adjusted Indicators

There is a big difference between Strategic Pink Sheet performing well and Strategic 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 Strategic 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
ZNCXF	1.59	0.36	0.00	(0.83)	0.00	0.00	0.00	0.00	47.62
NWIFF	8.08	2.41	0.00	(2.56)	0.00	0.00	1.52	0.00	270.75
QNICF	4.61	(0.26)	0.00	(0.15)	0.00	0.00	0.00	(15.38)	191.17
STSBF	5.29	0.56	0.06	0.38	5.60	(10.19)	13.79	(10.00)	45.71
MUNMF	2.34	0.31	0.03	0.15	2.94	(11.26)	9.09	(8.33)	26.52
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	581.97	295.49	5.37	(9.95)	11.72	(2,848)	30.00	(23.53)	9,999
EROSF	5.40	1.40	0.19	(1.54)	4.14	(13.33)	20.38	(11.11)	61.99
ZZZOF	0.40	(0.02)	0.00	0.06	0.00	0.00	0.00	0.00	13.30

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Our tools can tell you how much better you can do entering a position in Strategic 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.

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Strategic Resources Corporate Management

Peter PGeo	VP Exploration	Profile
Jukka Pitkajarvi	VicePres Operations	Profile
CA LLB	Chief Officer	Profile
Lyle Braaten	Secretary	Profile
Glenn Kasner	Chief Officer	Profile

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