Timberline Resources Correlations
| TLRSDelisted Stock | USD 0.06 0.01 20.00% |
The current 90-days correlation between Timberline Resources and Exploits Discovery Corp is -0.01 (i.e., Good diversification). The correlation of Timberline 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Timberline Resources Correlation With Market
Average diversification
The correlation between Timberline Resources and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timberline Resources and DJI in the same portfolio, assuming nothing else is changed.
Timberline |
The ability to find closely correlated positions to Timberline 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 Timberline 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 Timberline 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 Timberline Resources to buy it.
Moving together with Timberline OTC Stock
| 0.62 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.82 | GOEVW | Canoo Holdings | PairCorr |
| 0.81 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.86 | BKRKY | Bank Rakyat | PairCorr |
| 0.83 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.84 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.61 | PBCRY | Bank Central Asia | PairCorr |
| 0.87 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.67 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.72 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Timberline OTC Stock
| 0.78 | PTAIF | PT Astra International | PairCorr |
| 0.77 | PCTTW | PureCycle Technologies | PairCorr |
| 0.76 | ATCOL | Atlas Corp | PairCorr |
| 0.75 | SSNLF | Samsung Electronics | PairCorr |
| 0.65 | GCMGW | GCM Grosvenor | PairCorr |
| 0.63 | ASTSW | AST SpaceMobile | PairCorr |
| 0.38 | TLKMF | Telkom Indonesia Tbk | PairCorr |
| 0.87 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.84 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.83 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.79 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.6 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Timberline OTC Stock performing well and Timberline Resources OTC Stock 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 Timberline 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SICNF | 6.65 | (0.64) | 0.00 | (0.13) | 0.00 | 13.69 | 37.33 | |||
| IRVRF | 4.40 | 0.15 | 0.00 | (0.66) | 4.83 | 13.04 | 31.38 | |||
| LOMLF | 1.80 | (0.04) | 0.00 | (1.55) | 0.00 | 4.76 | 9.76 | |||
| NFLDF | 4.09 | (0.41) | 0.00 | 9.55 | 0.00 | 9.09 | 26.80 | |||
| AGDXF | 2.99 | 1.72 | 0.00 | (0.50) | 0.00 | 0.00 | 100.00 | |||
| RDEXF | 3.22 | 0.15 | 0.01 | 1.22 | 4.02 | 10.00 | 21.36 | |||
| CRDOF | 4.72 | 0.90 | 0.11 | (2.17) | 3.95 | 13.33 | 38.50 | |||
| MZZMF | 6.11 | 1.16 | 0.07 | 1.11 | 6.30 | 14.29 | 116.00 | |||
| OSIIF | 0.70 | 0.06 | (0.01) | 0.29 | 0.83 | 1.60 | 6.84 | |||
| ENDGF | 1.91 | (0.35) | 0.00 | 1.19 | 0.00 | 0.00 | 39.09 |
View Timberline Resources Related Equities
| Risk & Return | Correlation |
Still Interested in Timberline Resources?
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