Avino Silver Correlations

ASM Stock

USD 3.68 0.20 5.15%

The current 90-days correlation between Avino Silver Gold and McEwen Mining is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avino Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avino Silver Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Avino Silver Correlation With Market

Significant diversification

The correlation between Avino Silver Gold and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Avino Silver Gold and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Avino Silver Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Avino Stock

0.89	BVN	Compania de Minas Earnings Call This Week	Pair Corr
0.82	MTA	Metalla Royalty Streaming Downward Rally	Pair Corr
0.82	MUX	McEwen Mining	Pair Corr
0.89	PLG	Platinum Group Metals	Pair Corr
0.93	LODE	Comstock Mining	Pair Corr
0.93	SBSW	Sibanye Gold	Pair Corr
0.78	SLSR	Solaris Resources	Pair Corr
0.77	TFPM	Triple Flag Precious	Pair Corr
0.67	B	Barrick Mining Earnings Call Tomorrow	Pair Corr
0.62	X	United States Steel	Pair Corr
0.8	AA	Alcoa Corp	Pair Corr
0.84	AG	First Majestic Silver	Pair Corr
0.81	AU	AngloGold Ashanti plc	Pair Corr
0.89	CE	Celanese	Pair Corr
0.92	CF	CF Industries Holdings	Pair Corr
0.85	CX	Cemex SAB de Earnings Call This Week	Pair Corr
0.92	DC	Dakota Gold Corp	Pair Corr
0.78	DD	Dupont De Nemours	Pair Corr
0.86	IE	Ivanhoe Electric	Pair Corr
0.62	MP	MP Materials Corp Trending	Pair Corr
0.77	MT	ArcelorMittal SA ADR	Pair Corr
0.94	OR	Osisko Gold Ro	Pair Corr
0.89	RS	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.83	SA	Seabridge Gold	Pair Corr
0.81	TX	Ternium SA ADR	Pair Corr
0.61	WS	Worthington Steel	Pair Corr
0.94	ECVT	Ecovyst	Pair Corr

Moving against Avino Stock

0.57	ITRG	Integra Resources Corp	Pair Corr
0.75	FEAM	5E Advanced Materials	Pair Corr
0.72	WLKP	Westlake Chemical	Pair Corr
0.67	HYMCL	Hycroft Mining Holding	Pair Corr
0.61	AMR	Alpha Metallurgical	Pair Corr

Related Correlations Analysis

	EXK	HL	PLG	FSM	AUMN	MUX
EXK		0.76	0.89	0.76	0.0	0.95	EXK
HL	0.76		0.67	0.87	0.0	0.7	HL
PLG	0.89	0.67		0.71	0.0	0.86	PLG
FSM	0.76	0.87	0.71		0.0	0.71	FSM
AUMN	0.0	0.0	0.0	0.0		0.0	AUMN
MUX	0.95	0.7	0.86	0.71	0.0		MUX
	EXK	HL	PLG	FSM	AUMN	MUX

Click cells to compare fundamentals

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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

MUX	+ 0.95	EXK
PLG	+ 0.89	EXK
FSM	+ 0.87	HL
MUX	+ 0.86	PLG
HL	+ 0.76	EXK
FSM	+ 0.76	EXK

High negative correlations

MUX	- 0.0	AUMN
AUMN	- 0.0	FSM
AUMN	- 0.0	PLG
AUMN	- 0.0	HL
AUMN	- 0.0	EXK

Risk-Adjusted Indicators

There is a big difference between Avino Stock performing well and Avino Silver 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 Avino Silver'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
EXK	2.96	0.56	0.10	(0.77)	2.91	(3.63)	7.57	(5.21)	18.77
HL	2.46	0.17	(0.02)	(0.05)	3.99	(2.52)	5.56	(4.37)	19.83
PLG	3.35	0.50	0.09	3.08	3.90	(3.88)	7.97	(5.47)	25.75
FSM	2.33	0.09	(0.04)	0.01	3.22	(2.65)	4.63	(4.78)	19.81
AUMN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MUX	2.25	0.53	0.13	(1.38)	2.32	(2.40)	5.88	(4.33)	20.09

Avino Silver Corporate Executives

Elected by the shareholders, the Avino Silver's board of directors comprises two types of representatives: Avino Silver inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Avino. The board's role is to monitor Avino Silver's management team and ensure that shareholders' interests are well served. Avino Silver'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, Avino Silver's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nathan Harte	Chief Financial Officer	Profile
Jose Rodriguez	Chief Operating Officer	Profile
Jose Moreno	Chief Operating Officer	Profile

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