Roscan Gold Correlations

2OJ Stock

EUR 0.04 0 7.32%

The current 90-days correlation between Roscan Gold and Corporate Office Properties is -0.02 (i.e., Good diversification). The correlation of Roscan 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.

Roscan Gold Correlation With Market

Significant diversification

The correlation between Roscan Gold and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roscan Gold and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Roscan 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 Roscan 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 Roscan 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 Roscan Gold to buy it.

Moving together with Roscan Stock

0.7	FJZB	ZIJIN MINH UNSPADR20	Pair Corr
0.61	ABR	Barrick Gold	Pair Corr
0.81	GD6	Ramsay Gnrale de	Pair Corr
0.74	4C30	CMBC CAPHLD(NEW)	Pair Corr
0.69	DHG	DALATA HOTEL	Pair Corr
0.72	IPHB	Impala Platinum Holdings	Pair Corr
0.74	S4M	STORE ELECTRONIC	Pair Corr

Moving against Roscan Stock

0.41	HVB	STRA Hannoversche	Pair Corr
0.41	DBPD	Xtrackers ShortDAX	Pair Corr
0.39	SYAB	SYNLAB AG	Pair Corr

Related Correlations Analysis

	WX7	1C6	0QN	BSI	PIJ	WI8	BKHT	ODP
WX7		0.69	0.56	0.64	-0.13	0.2	0.12	0.0	WX7
1C6	0.69		0.38	0.32	0.01	-0.16	0.48	0.0	1C6
0QN	0.56	0.38		0.83	0.26	0.69	-0.23	0.0	0QN
BSI	0.64	0.32	0.83		-0.14	0.64	-0.26	0.0	BSI
PIJ	-0.13	0.01	0.26	-0.14		0.05	0.25	0.0	PIJ
WI8	0.2	-0.16	0.69	0.64	0.05		-0.61	0.0	WI8
BKHT	0.12	0.48	-0.23	-0.26	0.25	-0.61		0.0	BKHT
ODP	0.0	0.0	0.0	0.0	0.0	0.0	0.0		ODP
	WX7	1C6	0QN	BSI	PIJ	WI8	BKHT	ODP

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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

BSI	+ 0.83	0QN
1C6	+ 0.69	WX7
WI8	+ 0.69	0QN
BSI	+ 0.64	WX7
WI8	+ 0.64	BSI
0QN	+ 0.56	WX7

High negative correlations

BKHT	- 0.61	WI8
BKHT	- 0.26	BSI
BKHT	- 0.23	0QN
WI8	- 0.16	1C6
PIJ	- 0.14	BSI
PIJ	- 0.13	WX7

Risk-Adjusted Indicators

There is a big difference between Roscan Stock performing well and Roscan Gold 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 Roscan 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
WX7	1.23	0.03	0.01	0.09	1.59	(1.62)	2.54	(3.36)	8.74
1C6	2.55	(0.16)	0.00	(0.54)	0.00	0.00	4.27	(6.00)	21.95
0QN	2.56	0.20	0.04	(135.16)	3.68	(2.62)	6.04	(5.20)	22.80
BSI	2.78	0.32	0.08	(2.03)	3.24	(3.02)	5.85	(6.70)	20.88
PIJ	2.68	(0.24)	0.00	0.92	0.00	0.00	6.67	(5.88)	27.46
WI8	1.17	0.19	0.07	(1.49)	2.04	(1.24)	2.91	(1.60)	13.65
BKHT	2.53	(0.53)	0.00	7.61	0.00	0.00	4.75	(5.84)	16.63
ODP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Roscan 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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Roscan Gold Corporate Management

Elected by the shareholders, the Roscan Gold's board of directors comprises two types of representatives: Roscan Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Roscan. The board's role is to monitor Roscan Gold's management team and ensure that shareholders' interests are well served. Roscan Gold's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Roscan Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nana MBA	CEO Pres	Profile
BA LLB	Co Sec	Profile
Christopher Irwin	Director	Profile
Samuel Jonah	Non-Executive Chairman of the Board	Profile
Michael Newbury	Independent Director	Profile

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