Sayona Mining Correlations

SYAXF Stock

USD 0.01 0.0002 1.34%

The correlation of Sayona Mining 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.

Sayona Mining Correlation With Market

Significant diversification

The correlation between Sayona Mining Limited and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sayona Mining Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Sayona OTC Stock

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0.42	IBM	International Business Earnings Call Tomorrow	Pair Corr
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0.34	CSCO	Cisco Systems	Pair Corr
0.34	BAC	Bank of America	Pair Corr
0.33	AA	Alcoa Corp	Pair Corr
0.32	AXP	American Express	Pair Corr

Related Correlations Analysis

	IPGDF	IIDDY	MALRF	SRGXF	CNIKF	FPOCF	CMCLF
IPGDF		0.77	0.76	0.66	-0.59	0.24	0.77	IPGDF
IIDDY	0.77		0.65	0.82	-0.45	0.19	0.86	IIDDY
MALRF	0.76	0.65		0.54	-0.43	0.19	0.61	MALRF
SRGXF	0.66	0.82	0.54		-0.53	0.44	0.91	SRGXF
CNIKF	-0.59	-0.45	-0.43	-0.53		-0.06	-0.64	CNIKF
FPOCF	0.24	0.19	0.19	0.44	-0.06		0.24	FPOCF
CMCLF	0.77	0.86	0.61	0.91	-0.64	0.24		CMCLF
	IPGDF	IIDDY	MALRF	SRGXF	CNIKF	FPOCF	CMCLF

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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

CMCLF	+ 0.91	SRGXF
CMCLF	+ 0.86	IIDDY
SRGXF	+ 0.82	IIDDY
IIDDY	+ 0.77	IPGDF
CMCLF	+ 0.77	IPGDF
MALRF	+ 0.76	IPGDF

High negative correlations

CMCLF	- 0.64	CNIKF
CNIKF	- 0.59	IPGDF
CNIKF	- 0.53	SRGXF
CNIKF	- 0.45	IIDDY
CNIKF	- 0.43	MALRF
FPOCF	- 0.06	CNIKF

Risk-Adjusted Indicators

There is a big difference between Sayona OTC Stock performing well and Sayona Mining OTC Stock 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 Sayona Mining'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
IPGDF	2.15	0.43	0.09	0.44	1.73	(6.55)	9.56	(5.17)	22.95
IIDDY	1.72	0.87	0.00	(0.68)	0.00	0.00	6.45	0.00	28.00
MALRF	3.47	1.68	0.00	(0.90)	0.00	0.00	0.00	0.00	77.86
SRGXF	3.98	0.99	0.11	4.64	4.45	(5.57)	10.00	(7.69)	27.43
CNIKF	2.08	(0.10)	0.00	(0.79)	0.00	0.00	4.69	(4.23)	13.66
FPOCF	2.53	0.15	0.00	(7.11)	2.83	(5.71)	5.88	(5.56)	11.44
CMCLF	3.27	0.67	0.09	(2.98)	3.96	(4.25)	6.94	(7.50)	21.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sayona Mining 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.

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Sayona Mining Corporate Management

Elected by the shareholders, the Sayona Mining's board of directors comprises two types of representatives: Sayona Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sayona. The board's role is to monitor Sayona Mining's management team and ensure that shareholders' interests are well served. Sayona Mining'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, Sayona Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

Acc CPA	Company Director	Profile
Brett Lynch	MD CEO	Profile
Cindy Valence	Ex Officer	Profile
Guy Eng	Ex Pres	Profile
Mike Seed	Group Mang	Profile
Michael Whillier	Group Controller	Profile
Carl Corriveau	VP Exploration	Profile

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