Spey Resources Correlations

SPEYF Stock

USD 0.14 0.00 0.00%

The current 90-days correlation between Spey Resources Corp and CDN Maverick Capital is 0.03 (i.e., Significant 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 -0.1 (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

0.84	SSNLF	Samsung Electronics	Pair Corr
0.66	BA	Boeing	Pair Corr

Moving against Spey Pink Sheet

0.78	GLCNF	Glencore PLC	Pair Corr
0.75	GLNCY	Glencore PLC ADR	Pair Corr
0.65	SHG	Shinhan Financial	Pair Corr
0.57	KB	KB Financial Group	Pair Corr
0.51	BHP	BHP Group Limited	Pair Corr
0.46	AAUKF	Anglo American plc	Pair Corr
0.41	BHPLF	BHP Group Limited	Pair Corr
0.69	AA	Alcoa Corp	Pair Corr
0.62	MRK	Merck Company Aggressive Push	Pair Corr
0.56	DIS	Walt Disney	Pair Corr
0.56	HD	Home Depot	Pair Corr
0.53	XOM	Exxon Mobil Corp	Pair Corr
0.51	TRV	The Travelers Companies	Pair Corr
0.33	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	MSMGF	PWRLF	CCOB	IIDDY	LMMFF	LYSCF	ARAAF	ANSNF	AXVEF
MSMGF		-0.31	0.0	0.28	0.07	0.13	-0.18	0.07	-0.01	MSMGF
PWRLF	-0.31		0.0	0.23	0.02	0.16	-0.21	0.13	-0.34	PWRLF
CCOB	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	CCOB
IIDDY	0.28	0.23	0.0		-0.15	0.43	-0.7	-0.05	-0.48	IIDDY
LMMFF	0.07	0.02	0.0	-0.15		-0.06	0.15	0.06	-0.04	LMMFF
LYSCF	0.13	0.16	0.0	0.43	-0.06		-0.41	0.01	0.07	LYSCF
ARAAF	-0.18	-0.21	0.0	-0.7	0.15	-0.41		-0.31	0.45	ARAAF
ANSNF	0.07	0.13	0.0	-0.05	0.06	0.01	-0.31		-0.06	ANSNF
AXVEF	-0.01	-0.34	0.0	-0.48	-0.04	0.07	0.45	-0.06		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

AXVEF	+ 0.45	ARAAF
LYSCF	+ 0.43	IIDDY
IIDDY	+ 0.28	MSMGF
IIDDY	+ 0.23	PWRLF
LYSCF	+ 0.16	PWRLF
ARAAF	+ 0.15	LMMFF

High negative correlations

ARAAF	- 0.7	IIDDY
AXVEF	- 0.48	IIDDY
ARAAF	- 0.41	LYSCF
AXVEF	- 0.34	PWRLF
ANSNF	- 0.31	ARAAF
PWRLF	- 0.31	MSMGF

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	4.87	0.53	0.07	(1.72)	5.36	(11.27)	14.89	(13.77)	51.71
PWRLF	9.79	1.33	0.05	(0.35)	12.77	(42.17)	51.88	(32.61)	126.96
CCOB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IIDDY	0.85	(0.28)	0.00	(1.58)	0.00	0.00	0.00	0.00	22.49
LMMFF	5.02	(0.14)	0.00	(0.28)	0.00	0.00	9.00	(17.43)	99.83
LYSCF	1.71	(0.07)	0.00	1.08	0.00	0.00	4.56	(3.75)	10.64
ARAAF	3.10	0.22	0.07	(0.39)	3.52	(5.17)	8.82	(8.11)	23.98
ANSNF	5.88	0.80	0.04	(3.08)	8.08	(25.02)	21.71	(26.20)	87.08
AXVEF	4.78	0.73	0.06	(0.26)	5.28	(32.66)	17.99	(11.76)	102.88

View Spey Resources Related Equities

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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

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