K9 Gold Correlations

WDFCF Stock

USD 0.07 0.01 14.83%

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 0.16 (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

0.7	PBMRF	PT Bumi Resources	Pair Corr
0.82	MIDD	Middleby Corp	Pair Corr
0.75	TD	Toronto Dominion Bank	Pair Corr
0.64	FARM	Farmer Bros	Pair Corr
0.63	GRWC	Grow Capital	Pair Corr
0.66	FREKF	freee KK	Pair Corr
0.64	MSLVF	Mantaro Silver Corp	Pair Corr

Moving against WDFCF OTC Stock

0.52	GLNCY	Glencore PLC ADR	Pair Corr
0.49	GLCNF	Glencore PLC	Pair Corr
0.48	CHNXF	ChitogenX	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.69	78413KAB8	SESGFP 53 25	Pair Corr
0.62	PPCB	Propanc Biopharma	Pair Corr
0.6	QMCO	Quantum Trending	Pair Corr
0.56	NLLSY	Nel ASA	Pair Corr
0.46	PAVMZ	PAVmed Series Z	Pair Corr
0.39	SAVA	Cassava Sciences	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		0.03	0.1	0.22	-0.02	0.03	0.0	0.19	0.29	BNTRF
PGZFF	0.0	0.03		0.24	0.42	0.36	0.57	0.0	0.11	0.13	PGZFF
REMRF	0.0	0.1	0.24		0.46	0.11	0.13	0.0	-0.22	0.56	REMRF
TWRFF	0.0	0.22	0.42	0.46		0.07	0.31	0.0	-0.2	0.52	TWRFF
ALEEF	0.0	-0.02	0.36	0.11	0.07		0.27	0.0	0.04	0.14	ALEEF
GOLXF	0.0	0.03	0.57	0.13	0.31	0.27		0.0	0.16	-0.16	GOLXF
NKORF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	NKORF
CCWOF	0.0	0.19	0.11	-0.22	-0.2	0.04	0.16	0.0		-0.1	CCWOF
NKGFF	0.0	0.29	0.13	0.56	0.52	0.14	-0.16	0.0	-0.1		NKGFF
	AURWF	BNTRF	PGZFF	REMRF	TWRFF	ALEEF	GOLXF	NKORF	CCWOF	NKGFF

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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

GOLXF	+ 0.57	PGZFF
NKGFF	+ 0.56	REMRF
NKGFF	+ 0.52	TWRFF
TWRFF	+ 0.46	REMRF
TWRFF	+ 0.42	PGZFF
ALEEF	+ 0.36	PGZFF

High negative correlations

CCWOF	- 0.22	REMRF
CCWOF	- 0.2	TWRFF
NKGFF	- 0.16	GOLXF
NKGFF	- 0.1	CCWOF
ALEEF	- 0.02	BNTRF
NKGFF	- 0.0	NKORF

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	7.54	1.67	0.09	1.91	9.30	(12.16)	24.00	(16.67)	100.38
PGZFF	4.02	0.63	0.11	(1.56)	3.80	(9.44)	18.28	(9.09)	39.95
REMRF	2.36	(0.15)	0.00	0.56	0.00	0.00	6.98	(4.76)	18.01
TWRFF	3.02	0.30	0.04	0.20	4.38	(5.74)	10.00	(9.44)	29.80
ALEEF	13.64	6.00	0.00	2.11	0.00	0.00	3.45	0.00	251.28
GOLXF	6.94	0.61	0.07	(9.45)	7.76	(9.42)	17.78	(12.53)	38.32
NKORF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCWOF	3.62	0.08	0.03	(0.19)	4.13	(10.12)	10.00	(9.09)	29.09
NKGFF	4.30	0.11	0.01	0.01	5.19	(6.19)	6.67	(10.00)	22.88

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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.

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