IAMGold Correlations

IAG Stock

USD 11.58 0.08 0.69%

The current 90-days correlation between IAMGold and Sibanye Gold Ltd is 0.64 (i.e., Poor diversification). The correlation of IAMGold 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.

IAMGold Correlation With Market

Significant diversification

The correlation between IAMGold 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 IAMGold and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IAMGold Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IAMGold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

For more detail on how to invest in IAMGold Stock please use our How to Invest in IAMGold guide.

Moving together with IAMGold Stock

0.88	B	Barrick Mining Earnings Call This Week	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.88	AU	AngloGold Ashanti plc Earnings Call This Week	Pair Corr
0.81	AMX	Amex Exploration	Pair Corr
0.9	PME	Sentry Select Primary	Pair Corr
0.88	MKO	Mako Mining Corp	Pair Corr
0.84	REC	Recharge Metals	Pair Corr
0.72	QTWO	Q2 Metals Corp	Pair Corr
0.9	TWO	T2 Metals Corp	Pair Corr
0.9	POL	Polymetals Resources	Pair Corr
0.79	603969	Tianjin Silvery Dragon	Pair Corr
0.68	LGD	Liberty Gold Corp	Pair Corr
0.61	002295	Guangdong Jingyi Metal	Pair Corr
0.88	FNV	Franco Nevada Earnings Call This Week	Pair Corr
0.87	GFI	Gold Fields Earnings Call This Week	Pair Corr
0.75	HMY	Harmony Gold Mining Earnings Call This Week	Pair Corr
0.87	KGC	Kinross Gold Earnings Call This Week	Pair Corr
0.78	GWM	Galway Metals	Pair Corr
0.68	WPM	Wheaton Precious Metals Earnings Call This Week	Pair Corr
0.77	CGC	Aris Gold	Pair Corr
0.8	FAIR	Fairchild Gold Corp	Pair Corr
0.85	ATYM	Atalaya Mining	Pair Corr
0.87	VGZ	Vista Gold Earnings Call This Week	Pair Corr
0.81	BIS	Bisalloy Steel Group	Pair Corr
0.68	FDR	Flinders Resources	Pair Corr

Moving against IAMGold Stock

0.63	300337	Yinbang Clad Material	Pair Corr
0.84	300828	Tianjin Ruixin Technology	Pair Corr
0.44	NUE	Nucor Corp	Pair Corr
0.66	300881	Shengtak New Material	Pair Corr
0.37	KIP	Kiplin Metals	Pair Corr

Related Correlations Analysis

	SBSW	BTG	OR	HL	EXP	EGO	EQX	NEU	TX	EMN
SBSW		0.91	0.74	0.85	0.18	0.73	0.69	0.1	0.69	-0.67	SBSW
BTG	0.91		0.81	0.95	0.35	0.84	0.88	0.3	0.84	-0.42	BTG
OR	0.74	0.81		0.78	0.35	0.97	0.83	0.66	0.68	-0.22	OR
HL	0.85	0.95	0.78		0.28	0.83	0.84	0.31	0.85	-0.4	HL
EXP	0.18	0.35	0.35	0.28		0.3	0.43	0.35	0.4	0.31	EXP
EGO	0.73	0.84	0.97	0.83	0.3		0.85	0.63	0.72	-0.19	EGO
EQX	0.69	0.88	0.83	0.84	0.43	0.85		0.51	0.9	-0.14	EQX
NEU	0.1	0.3	0.66	0.31	0.35	0.63	0.51		0.39	0.45	NEU
TX	0.69	0.84	0.68	0.85	0.4	0.72	0.9	0.39		-0.14	TX
EMN	-0.67	-0.42	-0.22	-0.4	0.31	-0.19	-0.14	0.45	-0.14		EMN
	SBSW	BTG	OR	HL	EXP	EGO	EQX	NEU	TX	EMN

Please upgrade your account to get full access to Macroaxis premium features

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

EGO	+ 0.97	OR
HL	+ 0.95	BTG
BTG	+ 0.91	SBSW
TX	+ 0.9	EQX
EQX	+ 0.88	BTG
HL	+ 0.85	SBSW

High negative correlations

EMN	- 0.67	SBSW
EMN	- 0.42	BTG
EMN	- 0.4	HL
EMN	- 0.22	OR
EMN	- 0.19	EGO
EMN	- 0.14	TX

Risk-Adjusted Indicators

There is a big difference between IAMGold Stock performing well and IAMGold 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 IAMGold'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
SBSW	3.12	0.38	0.05	(0.80)	4.40	(3.11)	6.31	(7.51)	20.61
BTG	2.41	0.31	0.07	0.62	3.60	(2.35)	4.92	(6.56)	15.30
OR	1.67	0.21	0.02	(0.75)	3.29	(1.43)	2.92	(4.95)	13.30
HL	3.10	1.34	0.31	(2.89)	2.90	(3.62)	7.76	(4.17)	29.64
EXP	1.63	(0.22)	0.00	(0.04)	0.00	0.00	4.05	(2.64)	13.33
EGO	1.97	0.32	0.06	(1.01)	3.08	(2.00)	4.16	(3.88)	16.57
EQX	2.48	0.99	0.26	(2.39)	2.62	(2.95)	6.40	(4.89)	25.00
NEU	1.14	0.02	0.00	0.14	2.53	(1.04)	1.88	(2.04)	13.45
TX	1.37	0.06	0.03	0.18	1.75	(1.35)	2.48	(2.86)	8.98
EMN	1.54	(0.22)	(0.06)	0.00	1.76	(1.91)	3.89	(3.60)	9.85

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