Spey Resources Correlations

Summary

SPEYFDelisted Stock

USD 0.14 0.00 0.00%

The current 90-days correlation between Spey Resources Corp and CDN Maverick Capital is 0.33 (i.e., Weak diversification). The correlation of Spey 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.

Spey Resources Correlation With Market

Good diversification

The correlation between Spey Resources Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Spey Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Spey 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 Spey 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 Spey 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 Spey Resources Corp to buy it.

Moving together with Spey Pink Sheet

0.61	RIO	Rio Tinto ADR	Pair Corr
0.68	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.76	NVRO	Nevro Corp	Pair Corr
0.71	BAOB	Baraboo Bancorporation	Pair Corr
0.7	GE	GE Aerospace	Pair Corr
0.71	JNJ	Johnson Johnson	Pair Corr
0.63	KO	Coca Cola	Pair Corr
0.75	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.77	MMM	3M Company	Pair Corr
0.63	T	ATT Inc Earnings Call This Week	Pair Corr

Moving against Spey Pink Sheet

0.58	MSFT	Microsoft	Pair Corr
0.53	GLNCY	Glencore PLC ADR	Pair Corr
0.52	AA	Alcoa Corp	Pair Corr
0.51	GLCNF	Glencore PLC	Pair Corr
0.44	DIS	Walt Disney	Pair Corr
0.4	HPQ	HP Inc	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	MSMGF	PWRLF	CCOB	IIDDY	LMMFF	LYSCF	ARAAF	ANSNF	AXVEF
MSMGF		-0.41	0.0	0.14	-0.23	0.2	-0.31	0.04	0.07	MSMGF
PWRLF	-0.41		0.0	0.28	0.56	-0.39	0.05	0.05	-0.4	PWRLF
CCOB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CCOB
IIDDY	0.14	0.28	0.0		0.58	-0.52	-0.36	-0.05	-0.55	IIDDY
LMMFF	-0.23	0.56	0.0	0.58		-0.55	-0.05	0.13	-0.39	LMMFF
LYSCF	0.2	-0.39	0.0	-0.52	-0.55		0.08	0.04	0.54	LYSCF
ARAAF	-0.31	0.05	0.0	-0.36	-0.05	0.08		-0.41	0.35	ARAAF
ANSNF	0.04	0.05	0.0	-0.05	0.13	0.04	-0.41		-0.08	ANSNF
AXVEF	0.07	-0.4	0.0	-0.55	-0.39	0.54	0.35	-0.08		AXVEF
	MSMGF	PWRLF	CCOB	IIDDY	LMMFF	LYSCF	ARAAF	ANSNF	AXVEF

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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

LMMFF	+ 0.58	IIDDY
LMMFF	+ 0.56	PWRLF
AXVEF	+ 0.54	LYSCF
AXVEF	+ 0.35	ARAAF
IIDDY	+ 0.28	PWRLF
LYSCF	+ 0.2	MSMGF

High negative correlations

LYSCF	- 0.55	LMMFF
AXVEF	- 0.55	IIDDY
LYSCF	- 0.52	IIDDY
ANSNF	- 0.41	ARAAF
PWRLF	- 0.41	MSMGF
AXVEF	- 0.4	PWRLF

Risk-Adjusted Indicators

There is a big difference between Spey Pink Sheet performing well and Spey 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 Spey 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
MSMGF	3.79	(0.12)	0.00	0.06	0.00	0.00	11.37	(13.77)	37.58
PWRLF	8.78	1.29	0.04	(0.42)	12.70	(33.77)	21.81	(34.57)	126.96
CCOB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIDDY	1.18	(0.45)	0.00	(11.35)	0.00	0.00	0.00	(4.66)	22.49
LMMFF	2.87	(0.44)	0.00	(0.39)	0.00	0.00	6.14	(5.94)	66.54
LYSCF	1.84	0.11	0.08	1.26	2.05	(2.14)	4.87	(3.72)	10.64
ARAAF	3.40	0.23	0.06	(0.33)	3.76	(5.65)	10.00	(8.11)	23.98
ANSNF	4.51	0.82	0.00	(6.34)	0.00	0.00	21.00	(7.19)	87.08
AXVEF	4.23	1.22	0.00	(0.45)	0.00	0.00	9.09	(8.33)	102.88

View Spey Resources Related Equities

Grid Metals Corp POWR Lithium Corp First American Silver IGO Limited Lithium Australia NL Lynas Rare Earths Aclara Resources Anson Resources Limited CDN Maverick Capital Boliden AB ADR Recharge Resources Lithium Ionic Corp Sun Summit Minerals Pampa Metals Progressive Planet Solutions

Risk & Return

Correlation

Spey Resources Corporate Management

CPA CMA	CFO Sec	Profile
Carlos Sorentino	Consultant Engineer	Profile
Nader Vatanchi	VP Director	Profile
BSc CMV	Member CEO	Profile

Still Interested in Spey Resources Corp?

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