Dolly Varden Correlations
| DVS Stock | 3.75 0.01 0.27% |
The current 90-days correlation between Dolly Varden Silver and Compania Cervecerias Unidas is -0.07 (i.e., Good diversification). The correlation of Dolly Varden 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.
Dolly Varden Correlation With Market
Very good diversification
The correlation between Dolly Varden Silver and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dolly Varden Silver and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Dolly Stock
| 0.85 | B | Barrick Mining Earnings Call This Week | PairCorr |
| 0.66 | AA | Alcoa Corp | PairCorr |
| 0.96 | AG | First Majestic Silver | PairCorr |
| 0.87 | AU | AngloGold Ashanti plc | PairCorr |
| 0.71 | CE | Celanese | PairCorr |
| 0.97 | DC | Dakota Gold Corp | PairCorr |
| 0.86 | IE | Ivanhoe Electric | PairCorr |
| 0.64 | NG | NovaGold Resources | PairCorr |
| 0.89 | OR | Osisko Gold Ro | PairCorr |
| 0.8 | RS | Reliance Steel Aluminum Earnings Call This Week | PairCorr |
| 0.96 | SA | Seabridge Gold | PairCorr |
| 0.73 | TX | Ternium SA ADR | PairCorr |
| 0.83 | BTG | B2Gold Corp | PairCorr |
| 0.84 | CDE | Coeur Mining | PairCorr |
| 0.77 | CMC | Commercial Metals | PairCorr |
| 0.76 | EGO | Eldorado Gold Corp | PairCorr |
| 0.72 | ERO | Ero Copper Corp | PairCorr |
| 0.95 | EXK | Endeavour Silver Corp | PairCorr |
| 0.82 | FCX | Freeport McMoran Copper Earnings Call This Week | PairCorr |
| 0.78 | FSM | Fortuna Silver Mines | PairCorr |
| 0.75 | GFI | Gold Fields | PairCorr |
| 0.82 | GGB | Gerdau SA ADR | PairCorr |
| 0.85 | HBM | Hudbay Minerals | PairCorr |
Moving against Dolly Stock
| 0.65 | WLKP | Westlake Chemical | PairCorr |
| 0.44 | BAK | Braskem SA Class | PairCorr |
| 0.4 | HYMCL | Hycroft Mining Holding | PairCorr |
| 0.54 | DRD | DRDGOLD Limited ADR | PairCorr |
| 0.74 | HLP | Hongli Group Ordinary | PairCorr |
| 0.61 | HUN | Huntsman | PairCorr |
Related Correlations Analysis
| -0.77 | -0.89 | 0.0 | -0.72 | 0.9 | 0.05 | CCU | ||
| -0.77 | 0.73 | 0.0 | 0.75 | -0.64 | -0.28 | TBVPY | ||
| -0.89 | 0.73 | 0.0 | 0.79 | -0.91 | -0.23 | FQVTF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TBEV | ||
| -0.72 | 0.75 | 0.79 | 0.0 | -0.74 | -0.51 | BUD | ||
| 0.9 | -0.64 | -0.91 | 0.0 | -0.74 | 0.25 | TAP | ||
| 0.05 | -0.28 | -0.23 | 0.0 | -0.51 | 0.25 | PEP | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dolly Stock performing well and Dolly Varden 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 Dolly Varden'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCU | 1.15 | (0.37) | 0.00 | (0.91) | 0.00 | 1.97 | 6.36 | |||
| TBVPY | 0.62 | 0.20 | 0.00 | (1.26) | 0.00 | 1.25 | 17.46 | |||
| FQVTF | 1.21 | 0.27 | 0.10 | 0.80 | 1.01 | 3.65 | 8.16 | |||
| TBEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BUD | 0.83 | 0.16 | 0.01 | (1.04) | 0.82 | 1.97 | 5.49 | |||
| TAP | 0.95 | (0.35) | 0.00 | (0.50) | 0.00 | 1.39 | 6.37 | |||
| PEP | 1.08 | (0.09) | 0.00 | (0.03) | 0.00 | 2.20 | 6.85 |
Dolly Varden Corporate Executives
Elected by the shareholders, the Dolly Varden's board of directors comprises two types of representatives: Dolly Varden inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dolly. The board's role is to monitor Dolly Varden's management team and ensure that shareholders' interests are well served. Dolly Varden'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, Dolly Varden's outside directors are responsible for providing unbiased perspectives on the board's policies.