Austin Gold Correlations
| AUST Stock | USD 1.35 0.04 2.88% |
The current 90-days correlation between Austin Gold Corp and Zhihu Inc ADR is 0.04 (i.e., Significant diversification). The correlation of Austin 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Austin Gold Correlation With Market
Significant diversification
The correlation between Austin Gold Corp 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 Austin Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Austin Stock
| 0.71 | CTGO | Contango ORE | PairCorr |
| 0.66 | B | Barrick Mining Symbol Change | PairCorr |
| 0.72 | AG | First Majestic Silver | PairCorr |
| 0.82 | AU | AngloGold Ashanti plc | PairCorr |
| 0.68 | CF | CF Industries Holdings | PairCorr |
| 0.75 | DC | Dakota Gold Corp | PairCorr |
| 0.76 | OR | Osisko Gold Ro | PairCorr |
| 0.71 | SA | Seabridge Gold | PairCorr |
| 0.65 | VOXR | Vox Royalty Corp | PairCorr |
Moving against Austin Stock
| 0.56 | INHD | Inno Holdings Common | PairCorr |
| 0.33 | OC | Owens Corning | PairCorr |
| 0.31 | HYMCL | Hycroft Mining Holding | PairCorr |
| 0.31 | ENFY | Enlightify Symbol Change | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Austin Stock performing well and Austin 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 Austin 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZH | 2.40 | 0.17 | 0.03 | (1.07) | 3.22 | 6.29 | 11.54 | |||
| TV | 2.28 | 0.40 | 0.13 | 0.67 | 2.43 | 5.33 | 13.15 | |||
| BCE | 1.29 | 0.08 | (0.01) | (0.21) | 1.73 | 2.19 | 9.37 | |||
| IRDM | 1.93 | 0.21 | 0.08 | 0.29 | 2.33 | 4.59 | 15.67 | |||
| MMSI | 1.42 | (0.24) | 0.00 | (0.14) | 0.00 | 2.64 | 12.70 | |||
| KUKE | 2.49 | 0.15 | 0.01 | (0.22) | 2.93 | 7.38 | 29.89 | |||
| AMP | 1.39 | 0.04 | 0.03 | 0.11 | 2.31 | 2.96 | 14.51 | |||
| KVHI | 1.22 | 0.05 | 0.00 | 0.25 | 1.52 | 4.32 | 9.24 |
Austin Gold Corporate Management
| BSc CA | Chief Officer | Profile | |
| Donna Moroney | Corporate Secretary | Profile | |
| Robert Hatch | Vice Exploration | Profile | |
| Grant Bond | Chief Officer | Profile | |
| Dennis Com | Pres Director | Profile | |
| PEng MASc | VP Director | Profile |