K9 Gold Correlations

WDFCF Stock

USD 0.09 0.01 5.80%

The correlation of K9 Gold 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.

K9 Gold Correlation With Market

Average diversification

The correlation between K9 Gold Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding K9 Gold Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to K9 Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace K9 Gold 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 K9 Gold - 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 K9 Gold Corp to buy it.

Moving together with WDFCF OTC Stock

0.8	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.69	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.65	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.87	MFG	Mizuho Financial	Pair Corr
0.78	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.89	T	ATT Inc Aggressive Push	Pair Corr
0.8	KO	Coca Cola Aggressive Push	Pair Corr
0.76	JPM	JPMorgan Chase	Pair Corr
0.86	GE	GE Aerospace	Pair Corr
0.61	MCD	McDonalds	Pair Corr

Moving against WDFCF OTC Stock

0.58	GLCNF	Glencore PLC	Pair Corr
0.58	GLNCY	Glencore PLC ADR	Pair Corr
0.75	MRK	Merck Company Aggressive Push	Pair Corr
0.33	AA	Alcoa Corp	Pair Corr

Related Correlations Analysis

	AURWF	BNTRF	PGZFF	REMRF	TWRFF	ALEEF	GOLXF	NKORF	CCWOF	NKGFF
AURWF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AURWF
BNTRF	0.0		0.22	0.2	0.2	-0.08	0.1	0.0	0.09	0.22	BNTRF
PGZFF	0.0	0.22		0.39	0.6	0.41	0.51	0.0	0.11	0.25	PGZFF
REMRF	0.0	0.2	0.39		0.27	0.21	0.38	0.0	0.04	0.34	REMRF
TWRFF	0.0	0.2	0.6	0.27		0.08	0.53	0.0	-0.16	0.18	TWRFF
ALEEF	0.0	-0.08	0.41	0.21	0.08		0.28	0.0	0.04	0.25	ALEEF
GOLXF	0.0	0.1	0.51	0.38	0.53	0.28		0.0	0.24	0.11	GOLXF
NKORF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NKORF
CCWOF	0.0	0.09	0.11	0.04	-0.16	0.04	0.24	0.0		-0.03	CCWOF
NKGFF	0.0	0.22	0.25	0.34	0.18	0.25	0.11	0.0	-0.03		NKGFF
	AURWF	BNTRF	PGZFF	REMRF	TWRFF	ALEEF	GOLXF	NKORF	CCWOF	NKGFF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

TWRFF	+ 0.6	PGZFF
GOLXF	+ 0.53	TWRFF
GOLXF	+ 0.51	PGZFF
ALEEF	+ 0.41	PGZFF
REMRF	+ 0.39	PGZFF
GOLXF	+ 0.38	REMRF

High negative correlations

CCWOF	- 0.16	TWRFF
ALEEF	- 0.08	BNTRF
NKGFF	- 0.03	CCWOF
NKGFF	- 0.0	NKORF
CCWOF	- 0.0	NKORF
NKORF	- 0.0	GOLXF

Risk-Adjusted Indicators

There is a big difference between WDFCF OTC Stock performing well and K9 Gold 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 K9 Gold'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
AURWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNTRF	7.58	0.74	0.03	0.23	10.48	(13.05)	24.00	(23.55)	100.38
PGZFF	3.69	0.72	0.14	3.92	3.25	(7.78)	17.77	(8.33)	35.41
REMRF	2.03	0.01	0.02	0.03	2.31	(4.19)	6.98	(4.55)	17.85
TWRFF	2.76	0.05	0.01	0.00	4.42	(5.70)	10.00	(9.60)	29.80
ALEEF	13.64	5.95	0.00	1.69	0.00	0.00	3.45	0.00	251.28
GOLXF	6.85	0.95	0.10	0.87	7.70	(9.58)	19.50	(12.54)	52.32
NKORF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCWOF	4.26	0.43	0.05	0.25	4.46	(11.17)	10.00	(9.09)	32.80
NKGFF	4.31	(0.02)	0.01	0.05	5.02	(5.92)	5.56	(9.09)	29.29

Be your own money manager

Our tools can tell you how much better you can do entering a position in K9 Gold without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Money Flow Index Now

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC