Triple Flag Correlations

TFPM Stock

USD 19.13 0.12 0.62%

The current 90-days correlation between Triple Flag Precious and Endeavour Silver Corp is 0.57 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Triple Flag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triple Flag Precious moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Triple Flag Correlation With Market

Significant diversification

The correlation between Triple Flag Precious and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triple Flag Precious and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Triple Flag Precious. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Triple Stock

0.78	VOXR	Vox Royalty Corp	Pair Corr
0.95	ASM	Avino Silver Gold	Pair Corr
0.9	BVN	Compania de Minas	Pair Corr
0.83	GROY	Gold Royalty Corp Earnings Call This Week	Pair Corr
0.85	ITRG	Integra Resources Corp Earnings Call This Week	Pair Corr
0.77	X	United States Steel	Pair Corr
0.7	AG	First Majestic Silver Aggressive Push	Pair Corr
0.88	AU	AngloGold Ashanti plc	Pair Corr
0.77	DC	Dakota Gold Corp	Pair Corr
0.86	MP	MP Materials Corp	Pair Corr
0.92	MT	ArcelorMittal SA ADR	Pair Corr
0.8	NC	NACCO Industries	Pair Corr
0.64	OR	Osisko Gold Ro	Pair Corr
0.84	TX	Ternium SA ADR	Pair Corr
0.91	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.66	HYMCL	Hycroft Mining Holding	Pair Corr

Moving against Triple Stock

0.69	CF	CF Industries Holdings	Pair Corr
0.67	ATLX	Atlas Lithium	Pair Corr
0.66	CC	Chemours Potential Growth	Pair Corr
0.63	CE	Celanese	Pair Corr
0.59	AA	Alcoa Corp	Pair Corr
0.43	PPTA	Perpetua Resources Corp Earnings Call Today	Pair Corr
0.4	MUX	McEwen Mining	Pair Corr
0.84	FF	FutureFuel Corp	Pair Corr
0.82	WTTR	Select Energy Services	Pair Corr
0.68	NX	Quanex Building Products	Pair Corr
0.68	HYMCW	Hycroft Mining Holding	Pair Corr
0.65	OC	Owens Corning	Pair Corr
0.6	IE	Ivanhoe Electric Upward Rally	Pair Corr
0.57	WS	Worthington Steel	Pair Corr
0.53	ELBM	Electra Battery Materials Buyout Trend	Pair Corr
0.47	ECVT	Ecovyst	Pair Corr

Related Correlations Analysis

	MTA	EXK	SILV	GATO	NEWP	HL	MUX	ASM	BVN
MTA		0.58	-0.19	0.0	0.07	0.84	-0.12	0.71	0.51	MTA
EXK	0.58		0.36	0.0	0.38	0.61	-0.07	0.85	0.84	EXK
SILV	-0.19	0.36		0.0	0.17	-0.04	-0.07	0.34	0.53	SILV
GATO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GATO
NEWP	0.07	0.38	0.17	0.0		0.22	0.67	0.05	0.28	NEWP
HL	0.84	0.61	-0.04	0.0	0.22		0.17	0.68	0.59	HL
MUX	-0.12	-0.07	-0.07	0.0	0.67	0.17		-0.3	-0.11	MUX
ASM	0.71	0.85	0.34	0.0	0.05	0.68	-0.3		0.89	ASM
BVN	0.51	0.84	0.53	0.0	0.28	0.59	-0.11	0.89		BVN
	MTA	EXK	SILV	GATO	NEWP	HL	MUX	ASM	BVN

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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

BVN	+ 0.89	ASM
ASM	+ 0.85	EXK
HL	+ 0.84	MTA
BVN	+ 0.84	EXK
ASM	+ 0.71	MTA
ASM	+ 0.68	HL

High negative correlations

ASM	- 0.3	MUX
SILV	- 0.19	MTA
MUX	- 0.12	MTA
BVN	- 0.11	MUX
MUX	- 0.07	SILV
MUX	- 0.07	EXK

Risk-Adjusted Indicators

There is a big difference between Triple Stock performing well and Triple Flag 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 Triple Flag'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
MTA	2.52	0.20	0.09	0.34	2.51	(3.04)	6.69	(4.40)	14.48
EXK	3.42	0.38	0.10	2.47	3.95	(3.79)	8.31	(7.73)	25.80
SILV	2.70	0.18	0.09	(0.47)	2.99	(2.92)	7.36	(4.41)	15.24
GATO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEWP	3.01	(0.13)	0.00	(0.25)	0.00	0.00	6.78	(5.65)	14.84
HL	2.31	0.20	0.05	0.20	3.89	(2.16)	5.44	(5.16)	21.73
MUX	2.38	(0.05)	0.00	(0.14)	0.00	0.00	4.47	(6.42)	20.85
ASM	4.15	0.98	0.22	0.97	4.00	(5.07)	8.65	(7.43)	24.89
BVN	1.62	0.31	0.20	0.97	1.60	(1.87)	4.18	(2.85)	8.85

Triple Flag Corporate Management

Fraser Cunningham	Managing Ltd	Profile
Sheldon Vanderkooy	Chief Officer	Profile
Eban Bari	Chief Officer	Profile
MBA eng	CEO Founder	Profile
Caleb Crockwell	Legal Counsel	Profile
Charles Beil	General Counsel	Profile

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