Dundee Precious Correlations

DPMLF Stock

USD 16.80 0.51 3.13%

The current 90-days correlation between Dundee Precious Metals and Torex Gold Resources is 0.68 (i.e., Poor diversification). The correlation of Dundee Precious 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.

Dundee Precious Correlation With Market

Excellent diversification

The correlation between Dundee Precious Metals and DJI is -0.55 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dundee Precious Metals and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dundee Pink Sheet

0.9	ATCOL	Atlas Corp	Pair Corr
0.83	PCTTW	PureCycle Technologies Downward Rally	Pair Corr
0.62	LTRY	Lottery, Common Stock	Pair Corr
0.75	BAC	Bank of America	Pair Corr
0.77	DIS	Walt Disney	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr
0.8	IBM	International Business Earnings Call This Week	Pair Corr
0.78	MSFT	Microsoft Aggressive Push	Pair Corr
0.82	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.64	MMM	3M Company	Pair Corr
0.63	DD	Dupont De Nemours Earnings Call Next Week	Pair Corr

Moving against Dundee Pink Sheet

0.63	GCMGW	GCM Grosvenor	Pair Corr
0.5	MAPSW	WM Technology	Pair Corr
0.4	KO	Coca Cola Earnings Call Tomorrow	Pair Corr
0.65	MCD	McDonalds	Pair Corr
0.34	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	OGNRF	SROYF	PREIF	TORXF	WDOFF	EDVMF	OCANF
OGNRF		0.84	0.46	-0.14	0.38	0.59	0.74	OGNRF
SROYF	0.84		0.58	0.22	0.63	0.77	0.87	SROYF
PREIF	0.46	0.58		0.22	0.49	0.44	0.58	PREIF
TORXF	-0.14	0.22	0.22		0.66	0.55	0.27	TORXF
WDOFF	0.38	0.63	0.49	0.66		0.86	0.81	WDOFF
EDVMF	0.59	0.77	0.44	0.55	0.86		0.85	EDVMF
OCANF	0.74	0.87	0.58	0.27	0.81	0.85		OCANF
	OGNRF	SROYF	PREIF	TORXF	WDOFF	EDVMF	OCANF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OCANF	+ 0.87	SROYF
EDVMF	+ 0.86	WDOFF
OCANF	+ 0.85	EDVMF
SROYF	+ 0.84	OGNRF
OCANF	+ 0.81	WDOFF
EDVMF	+ 0.77	SROYF

High negative correlations

TORXF

- 0.14

OGNRF

Risk-Adjusted Indicators

There is a big difference between Dundee Pink Sheet performing well and Dundee Precious 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 Dundee Precious' 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
OGNRF	1.76	0.64	0.29	(16.09)	1.09	(2.65)	3.03	(2.22)	32.00
SROYF	2.70	0.76	0.14	(0.77)	2.60	(3.62)	7.38	(4.23)	19.17
PREIF	4.42	0.45	0.06	2.35	4.88	(5.51)	12.41	(9.95)	28.19
TORXF	2.11	0.20	(0.04)	(0.01)	2.88	(2.13)	5.82	(3.98)	19.54
WDOFF	1.92	0.15	0.00	0.01	0.00	0.00	4.32	(4.50)	14.15
EDVMF	2.10	0.35	0.02	(0.14)	2.48	(2.29)	4.33	(4.03)	12.06
OCANF	2.22	0.53	0.09	(0.31)	2.21	(2.73)	5.19	(3.63)	19.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dundee Precious 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?

Run Portfolio Anywhere Now

Portfolio Anywhere

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Dundee Precious Corporate Management

Jennifer Cameron	Director Relations	Profile
Matthieu Risgallah	VP Technology	Profile
Navindra Dyal	Ex Officer	Profile
Kelly LLB	Gen Affairs	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC