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

  0.8MUFG Mitsubishi UFJ FinancialPairCorr
  0.69MBFJF Mitsubishi UFJ FinancialPairCorr
  0.65SMFG Sumitomo Mitsui FinancialPairCorr
  0.87MFG Mizuho FinancialPairCorr
  0.78MZHOF Mizuho Financial Normal TradingPairCorr
  0.89T ATT Inc Aggressive PushPairCorr
  0.8KO Coca Cola Aggressive PushPairCorr
  0.76JPM JPMorgan ChasePairCorr
  0.86GE GE AerospacePairCorr
  0.61MCD McDonaldsPairCorr

Moving against WDFCF OTC Stock

  0.58GLCNF Glencore PLCPairCorr
  0.58GLNCY Glencore PLC ADRPairCorr
  0.75MRK Merck Company Aggressive PushPairCorr
  0.33AA Alcoa CorpPairCorr

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   
TWRFFPGZFF
GOLXFTWRFF
GOLXFPGZFF
ALEEFPGZFF
REMRFPGZFF
GOLXFREMRF
  
High negative correlations   
CCWOFTWRFF
ALEEFBNTRF
NKGFFCCWOF
NKGFFNKORF
CCWOFNKORF
NKORFGOLXF

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AURWF  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 
 24.00 
 100.38 
PGZFF  3.69  0.72  0.14  3.92  3.25 
 17.77 
 35.41 
REMRF  2.03  0.01  0.02  0.03  2.31 
 6.98 
 17.85 
TWRFF  2.76  0.05  0.01  0.00  4.42 
 10.00 
 29.80 
ALEEF  13.64  5.95  0.00  1.69  0.00 
 3.45 
 251.28 
GOLXF  6.85  0.95  0.10  0.87  7.70 
 19.50 
 52.32 
NKORF  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 
 10.00 
 32.80 
NKGFF  4.31 (0.02) 0.01  0.05  5.02 
 5.56 
 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.

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