Calibre Mining Correlations
| CXBMF Stock | USD 2.17 0.03 1.36% |
The current 90-days correlation between Calibre Mining Corp and Orezone Gold Corp is 0.03 (i.e., Significant diversification). The correlation of Calibre Mining 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.
Calibre Mining Correlation With Market
Significant diversification
The correlation between Calibre Mining Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calibre Mining Corp and DJI in the same portfolio, assuming nothing else is changed.
Calibre |
The ability to find closely correlated positions to Calibre Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Calibre Mining 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 Calibre Mining - 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 Calibre Mining Corp to buy it.
Moving against Calibre OTC Stock
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
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Risk-Adjusted Indicators
There is a big difference between Calibre OTC Stock performing well and Calibre Mining OTC Stock 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 Calibre Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AGDXF | 3.41 | 1.43 | 0.00 | 0.78 | 0.00 | 0.00 | 114.29 | |||
| RDEXF | 3.48 | (0.49) | 0.00 | 2.32 | 0.00 | 6.61 | 31.10 | |||
| CRDOF | 3.27 | 0.57 | 0.10 | 1.77 | 3.41 | 6.98 | 27.91 | |||
| MZZMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OSIIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AIRRF | 2.37 | 0.09 | (0.01) | 1.07 | 2.65 | 5.66 | 18.87 | |||
| MAIFF | 2.57 | 0.24 | 0.02 | (1.34) | 2.76 | 7.14 | 18.71 | |||
| RIOFF | 2.59 | 0.82 | 0.21 | 1.79 | 2.54 | 5.88 | 17.11 | |||
| RCGCF | 5.59 | 0.93 | 0.11 | (0.75) | 5.04 | 17.36 | 40.64 | |||
| MMRGF | 5.81 | 0.79 | 0.07 | (1.95) | 5.53 | 16.67 | 35.71 |
Calibre Mining Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Calibre Mining otc stock to make a market-neutral strategy. Peer analysis of Calibre Mining could also be used in its relative valuation, which is a method of valuing Calibre Mining by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Calibre Mining Corporate Management
Elected by the shareholders, the Calibre Mining's board of directors comprises two types of representatives: Calibre Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Calibre. The board's role is to monitor Calibre Mining's management team and ensure that shareholders' interests are well served. Calibre Mining'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, Calibre Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Petri Salopera | VP Sustainability | Profile | |
| Darren Hall | CEO Pres | Profile | |
| Ryan King | Sr Relations | Profile | |
| BBA MBA | VP Capital | Profile | |
| Thomas Gallo | VP Growth | Profile | |
| Mark Petersen | VP Exploration | Profile | |
| Juan Becerra | VP Commercial | Profile |