International Tower Correlations

THM Stock

USD 0.68 0.01 1.49%

The current 90-days correlation between International Tower Hill and Vista Gold is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as International Tower moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Tower Hill moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

International Tower Correlation With Market

Significant diversification

The correlation between International Tower Hill and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding International Tower Hill 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 International Tower Hill. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving together with International Stock

0.72	AU	AngloGold Ashanti plc	Pair Corr
0.71	AEM	Agnico Eagle Mines	Pair Corr
0.81	BTG	B2Gold Corp	Pair Corr
0.77	GFI	Gold Fields	Pair Corr
0.61	KGC	Kinross Gold Aggressive Push	Pair Corr
0.66	NEM	Newmont Goldcorp Corp	Pair Corr
0.76	WPM	Wheaton Precious Metals	Pair Corr
0.73	GOLD	Barrick Gold Corp	Pair Corr
0.71	PAAS	Pan American Silver	Pair Corr
0.73	SAND	Sandstorm Gold Buyout Trend	Pair Corr
0.84	AG	First Majestic Silver	Pair Corr
0.68	MP	MP Materials Corp	Pair Corr
0.73	MT	ArcelorMittal SA ADR	Pair Corr
0.7	NC	NACCO Industries	Pair Corr
0.61	OR	Osisko Gold Ro	Pair Corr
0.9	TX	Ternium SA ADR	Pair Corr

Moving against International Stock

0.76	EU	enCore Energy Corp	Pair Corr
0.69	FF	FutureFuel Corp	Pair Corr
0.57	CC	Chemours	Pair Corr
0.55	CF	CF Industries Holdings	Pair Corr
0.45	CE	Celanese	Pair Corr
0.43	AA	Alcoa Corp	Pair Corr
0.34	IE	Ivanhoe Electric	Pair Corr
0.77	WTTR	Select Energy Services	Pair Corr
0.72	ASH	Ashland Global Holdings	Pair Corr
0.71	AMR	Alpha Metallurgical	Pair Corr
0.61	OC	Owens Corning	Pair Corr
0.61	FMST	Foremost Lithium Resource	Pair Corr
0.6	HYMCW	Hycroft Mining Holding	Pair Corr
0.6	FEAM	5E Advanced Materials	Pair Corr
0.59	ELBM	Electra Battery Materials	Pair Corr
0.59	FBIN	Fortune Brands Innov	Pair Corr

Related Correlations Analysis

	VGZ	AAU	AUMN	PZG	TRX
VGZ		0.0	0.0	0.32	-0.08	VGZ
AAU	0.0		0.0	0.0	0.0	AAU
AUMN	0.0	0.0		0.0	0.0	AUMN
PZG	0.32	0.0	0.0		0.18	PZG
TRX	-0.08	0.0	0.0	0.18		TRX
	VGZ	AAU	AUMN	PZG	TRX

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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

PZG	+ 0.32	VGZ
TRX	+ 0.18	PZG
AAU	+ 0.0	VGZ
AUMN	+ 0.0	VGZ
AUMN	+ 0.0	AAU
PZG	+ 0.0	AAU

High negative correlations

TRX	- 0.08	VGZ
TRX	- 0.0	AUMN
PZG	- 0.0	AUMN
TRX	- 0.0	AAU
PZG	- 0.0	AAU
AUMN	- 0.0	AAU

Risk-Adjusted Indicators

There is a big difference between International Stock performing well and International Tower 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 International Tower'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
VGZ	2.72	0.56	0.17	1.33	2.54	(3.76)	7.81	(3.80)	18.22
AAU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AUMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PZG	2.93	0.21	0.05	0.51	3.27	(4.60)	5.71	(5.71)	20.63
TRX	1.85	(0.07)	0.00	7.54	0.00	0.00	3.45	(3.33)	12.31

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