Australian Vanadium Correlations

ATVVF Stock

USD 0.01 0.01 50.00%

The current 90-days correlation between Australian Vanadium and Bushveld Minerals Limited is -0.01 (i.e., Good diversification). The correlation of Australian Vanadium 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.

Australian Vanadium Correlation With Market

Good diversification

The correlation between Australian Vanadium Limited and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Australian Vanadium Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Australian Pink Sheet

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0.42	SOMMY	Sumitomo Chemical	Pair Corr
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0.35	NESR	National Energy Services	Pair Corr
0.33	APA	APA Corporation	Pair Corr
0.32	NXST	Nexstar Broadcasting	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.43	CPS	Cooper Stnd	Pair Corr
0.38	BIIB	Biogen Inc	Pair Corr
0.36	VIASP	Via Renewables	Pair Corr
0.34	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.33	DPAT	Dental Patient Care	Pair Corr
0.33	EZPW	EZCORP Inc	Pair Corr
0.32	AAPL	Apple Inc	Pair Corr

Related Correlations Analysis

	BSHVF	AUMTF	ARTTF	AZMTF	CCEDF	ALTAF	CSTPF	AAPJ
BSHVF		-0.58	0.07	-0.76	-0.25	0.09	0.45	0.0	BSHVF
AUMTF	-0.58		0.48	0.84	0.18	0.05	-0.42	0.0	AUMTF
ARTTF	0.07	0.48		0.38	0.09	0.21	-0.18	0.0	ARTTF
AZMTF	-0.76	0.84	0.38		0.21	0.07	-0.39	0.0	AZMTF
CCEDF	-0.25	0.18	0.09	0.21		-0.02	-0.1	0.0	CCEDF
ALTAF	0.09	0.05	0.21	0.07	-0.02		0.22	0.0	ALTAF
CSTPF	0.45	-0.42	-0.18	-0.39	-0.1	0.22		0.0	CSTPF
AAPJ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		AAPJ
	BSHVF	AUMTF	ARTTF	AZMTF	CCEDF	ALTAF	CSTPF	AAPJ

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

AZMTF	+ 0.84	AUMTF
ARTTF	+ 0.48	AUMTF
CSTPF	+ 0.45	BSHVF
AZMTF	+ 0.38	ARTTF
CSTPF	+ 0.22	ALTAF
ALTAF	+ 0.21	ARTTF

High negative correlations

AZMTF	- 0.76	BSHVF
AUMTF	- 0.58	BSHVF
CSTPF	- 0.42	AUMTF
CSTPF	- 0.39	AZMTF
CCEDF	- 0.25	BSHVF
CSTPF	- 0.18	ARTTF

Risk-Adjusted Indicators

There is a big difference between Australian Pink Sheet performing well and Australian Vanadium 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 Australian Vanadium'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
BSHVF	250.78	119.61	0.00	1.31	0.00	0.00	0.00	0.00	8,499
AUMTF	2.30	0.72	0.00	(3.83)	0.00	0.00	7.14	(5.88)	19.44
ARTTF	10.37	1.36	0.05	(0.43)	12.90	(27.55)	42.86	(24.29)	102.30
AZMTF	2.95	0.47	0.11	0.76	2.83	(4.39)	7.41	(5.26)	16.69
CCEDF	156.75	78.73	1.25	(2.67)	28.73	(719.93)	391.00	(82.67)	3,450
ALTAF	68.30	29.96	0.50	14.41	23.16	(275.80)	280.00	(62.00)	1,238
CSTPF	43.95	20.89	0.64	(1.95)	12.74	(173.88)	27.78	(20.00)	1,333
AAPJ	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 Australian Vanadium 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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Australian Vanadium Corporate Management

Liesl Strachan	Chief Officer	Profile
Todd BSc	Chief Officer	Profile
AM AM	Company Sec	Profile
Daniel BSc	Technical Director	Profile
MAUSIMM BSc	MD Director	Profile
Graham Arvidson	Chief Officer	Profile

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