Endeavour Silver Correlations

EXK Stock

USD 7.66 0.07 0.92%

The current 90-days correlation between Endeavour Silver Corp and McEwen Mining is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Endeavour Silver Correlation With Market

Average diversification

The correlation between Endeavour Silver Corp and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Endeavour Silver Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Endeavour Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Endeavour Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Endeavour Stock

0.78	AA	Alcoa Corp	Pair Corr
0.79	GGB	Gerdau SA ADR	Pair Corr
0.84	THM	International Tower Hill	Pair Corr
0.83	STLD	Steel Dynamics Earnings Call This Week	Pair Corr
0.89	CENX	Century Aluminum	Pair Corr
0.69	CSTM	Constellium Nv	Pair Corr
0.65	ATCOL	Atlas Corp	Pair Corr
0.74	SSNLF	Samsung Electronics	Pair Corr
0.71	PTAIY	Astra International Tbk	Pair Corr
0.79	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.91	ENTO	Entero Therapeutics, Upward Rally	Pair Corr
0.88	VPV	Invesco Pennsylvania	Pair Corr
0.94	SCCO	Southern Copper	Pair Corr
0.78	REI	Ring Energy	Pair Corr
0.78	BTE	Baytex Energy Corp	Pair Corr
0.86	IDR	Idaho Strategic Resources Buyout Trend	Pair Corr
0.83	OBE	Obsidian Energy	Pair Corr

Moving against Endeavour Stock

0.78	WOR	Worthington Industries	Pair Corr
0.69	TM	Trigon Metals	Pair Corr
0.62	ADVWW	Advantage Solutions	Pair Corr
0.49	ZEUS	Olympic Steel	Pair Corr
0.42	RS	Reliance Steel Aluminum	Pair Corr
0.37	CRS	Carpenter Technology	Pair Corr
0.32	PCTTW	PureCycle Technologies	Pair Corr
0.78	PPERY	Bank Mandiri Persero	Pair Corr
0.54	PTAIF	PT Astra International	Pair Corr
0.54	PPERF	Bank Mandiri Persero	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	HL	MUX	ASM	MTA	FSM	AG	PAAS	SVM
HL		0.9	0.89	0.96	0.96	0.9	0.98	0.83	HL
MUX	0.9		0.89	0.95	0.92	0.95	0.9	0.95	MUX
ASM	0.89	0.89		0.92	0.91	0.91	0.92	0.89	ASM
MTA	0.96	0.95	0.92		0.97	0.92	0.96	0.89	MTA
FSM	0.96	0.92	0.91	0.97		0.92	0.96	0.87	FSM
AG	0.9	0.95	0.91	0.92	0.92		0.9	0.97	AG
PAAS	0.98	0.9	0.92	0.96	0.96	0.9		0.84	PAAS
SVM	0.83	0.95	0.89	0.89	0.87	0.97	0.84		SVM
	HL	MUX	ASM	MTA	FSM	AG	PAAS	SVM

Risk-Adjusted Indicators

There is a big difference between Endeavour Stock performing well and Endeavour Silver 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 Endeavour Silver'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
HL	2.81	1.21	0.54	4.48	1.56	(3.59)	7.76	(3.49)	22.34
MUX	2.62	0.93	0.33	21.81	2.10	(3.10)	6.61	(4.58)	23.92
ASM	3.03	0.42	0.12	0.53	3.15	(3.38)	6.46	(5.69)	15.22
MTA	2.26	0.78	0.32	0.60	1.80	(2.71)	5.45	(3.44)	15.11
FSM	2.25	0.44	0.14	0.30	2.72	(2.52)	5.95	(3.75)	18.70
AG	2.83	0.68	0.29	0.59	2.08	(3.70)	7.29	(3.64)	17.62
PAAS	1.81	0.43	0.24	1.39	1.52	(2.36)	4.12	(3.12)	10.77
SVM	2.52	0.52	0.15	0.54	3.05	(2.64)	4.55	(6.32)	23.69

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