Culico Metals Correlations
| CLCO Stock | 0.24 0.01 4.35% |
The current 90-days correlation between Culico Metals and Tier One Silver is 0.04 (i.e., Significant diversification). The correlation of Culico Metals 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.
Culico Metals Correlation With Market
Significant diversification
The correlation between Culico Metals and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Culico Metals and DJI in the same portfolio, assuming nothing else is changed.
Culico |
The ability to find closely correlated positions to Culico Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Culico Metals 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 Culico Metals - 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 Culico Metals to buy it.
Moving together with Culico Stock
| 0.85 | CEF | Sprott Physical Gold Earnings Call Tomorrow | PairCorr |
| 0.81 | PHYS | Sprott Physical Gold Earnings Call Tomorrow | PairCorr |
| 0.65 | IGM | IGM Financial | PairCorr |
| 0.62 | WMT | Walmart Inc CDR | PairCorr |
| 0.75 | GLXY | Galaxy Digital Holdings | PairCorr |
| 0.66 | MAE | Maritime Resources Corp Earnings Call This Week | PairCorr |
| 0.75 | CERT | Cerrado Gold Corp | PairCorr |
| 0.65 | CCO | Cameco Corp | PairCorr |
| 0.73 | RIO | Rio2 Earnings Call Tomorrow | PairCorr |
| 0.63 | SOU | Southern Energy Corp | PairCorr |
| 0.74 | CPL | Copper Lake Resources | PairCorr |
| 0.65 | III | Imperial Metals | PairCorr |
| 0.61 | CS | Capstone Mining Corp | PairCorr |
| 0.86 | GMX | Globex Mining Enterprises | PairCorr |
Moving against Culico Stock
| 0.77 | VZ | Verizon Communications | PairCorr |
| 0.61 | BAM | Brookfield Asset Man | PairCorr |
| 0.48 | META | Meta Platforms CDR | PairCorr |
| 0.56 | IBO | Universal Ibogaine | PairCorr |
Related Correlations Analysis
| -0.26 | 0.2 | -0.02 | 0.71 | 0.68 | 0.8 | TSLV | ||
| -0.26 | -0.56 | 0.07 | 0.21 | -0.49 | 0.02 | GBU | ||
| 0.2 | -0.56 | 0.15 | -0.03 | 0.68 | 0.07 | ARU | ||
| -0.02 | 0.07 | 0.15 | -0.1 | 0.15 | -0.03 | SHL | ||
| 0.71 | 0.21 | -0.03 | -0.1 | 0.46 | 0.8 | TUF | ||
| 0.68 | -0.49 | 0.68 | 0.15 | 0.46 | 0.42 | AIR | ||
| 0.8 | 0.02 | 0.07 | -0.03 | 0.8 | 0.42 | FYL | ||
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 Culico Stock performing well and Culico Metals 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 Culico Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TSLV | 5.66 | 0.77 | 0.07 | 2.77 | 5.74 | 14.29 | 43.94 | |||
| GBU | 4.38 | (0.19) | 0.00 | 0.66 | 0.00 | 16.67 | 42.66 | |||
| ARU | 7.63 | 1.03 | 0.08 | (0.61) | 6.93 | 28.57 | 56.00 | |||
| SHL | 4.32 | 0.81 | 0.04 | (0.34) | 4.48 | 12.50 | 53.97 | |||
| TUF | 5.39 | 0.24 | 0.00 | (0.19) | 6.16 | 11.11 | 26.68 | |||
| AIR | 5.71 | 0.57 | 0.03 | (0.37) | 5.66 | 15.38 | 38.10 | |||
| FYL | 4.15 | 0.36 | 0.03 | 2.07 | 4.73 | 14.29 | 33.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Culico Metals 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.Did you try this?
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Culico Metals Corporate Executives
Elected by the shareholders, the Culico Metals' board of directors comprises two types of representatives: Culico Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Culico. The board's role is to monitor Culico Metals' management team and ensure that shareholders' interests are well served. Culico Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Culico Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| CarlHeinz Gernandt | CFO Secretary | Profile | |
| Michael AccDir | COO Services | Profile |