Silvercorp Metals Correlations

SVM Stock

USD 4.07 0.24 5.57%

The current 90-days correlation between Silvercorp Metals and Endeavour Silver Corp is 0.81 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Silvercorp Metals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silvercorp Metals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Silvercorp Metals Correlation With Market

Weak diversification

The correlation between Silvercorp Metals and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silvercorp Metals and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Silvercorp Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Silvercorp Stock, please use our How to Invest in Silvercorp Metals guide.

Moving together with Silvercorp Stock

0.78	B	Barrick Mining Symbol Change	Pair Corr
0.64	X	United States Steel	Pair Corr
0.91	AG	First Majestic Silver	Pair Corr
0.63	CE	Celanese	Pair Corr
0.8	DC	Dakota Gold Corp	Pair Corr
0.76	IE	Ivanhoe Electric	Pair Corr
0.82	SA	Seabridge Gold	Pair Corr
0.63	TX	Ternium SA ADR	Pair Corr
0.84	BTG	B2Gold Corp	Pair Corr
0.71	CDE	Coeur Mining	Pair Corr
0.66	CMC	Commercial Metals	Pair Corr
0.93	DVS	Dolly Varden Silver Downward Rally	Pair Corr
0.75	ERO	Ero Copper Corp	Pair Corr
0.89	EXK	Endeavour Silver Corp	Pair Corr
0.76	FCX	Freeport McMoran Copper	Pair Corr
0.79	FSM	Fortuna Silver Mines	Pair Corr
0.63	GFI	Gold Fields	Pair Corr
0.79	GGB	Gerdau SA ADR	Pair Corr
0.79	HBM	Hudbay Minerals	Pair Corr

Moving against Silvercorp Stock

0.33

HLP

Hongli Group Ordinary

Pair Corr

Related Correlations Analysis

	EXK	FSM	PAAS	AG	HL
EXK		0.72	0.83	0.91	0.8	EXK
FSM	0.72		0.89	0.88	0.83	FSM
PAAS	0.83	0.89		0.9	0.87	PAAS
AG	0.91	0.88	0.9		0.8	AG
HL	0.8	0.83	0.87	0.8		HL
	EXK	FSM	PAAS	AG	HL

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Risk-Adjusted Indicators

There is a big difference between Silvercorp Stock performing well and Silvercorp Metals 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 Silvercorp Metals' 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
EXK	3.41	0.00	0.00	0.02	3.96	(4.21)	7.57	(5.87)	23.31
FSM	2.54	0.22	0.05	0.36	3.50	(2.86)	8.35	(3.65)	23.78
PAAS	2.38	0.17	0.04	0.26	4.02	(2.44)	6.49	(4.55)	28.48
AG	2.86	0.23	0.06	0.26	3.86	(3.04)	7.08	(5.58)	25.15
HL	2.72	0.03	0.00	0.06	4.21	(2.86)	5.67	(4.80)	29.10

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