TMC The Correlations
TMC Stock | USD 7.64 0.26 3.29% |
The current 90-days correlation between TMC the metals and Aterian is 0.18 (i.e., Average diversification). The correlation of TMC The 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.
TMC The Correlation With Market
Modest diversification
The correlation between TMC the metals and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TMC the metals and DJI in the same portfolio, assuming nothing else is changed.
Moving together with TMC Stock
0.78 | MP | MP Materials Corp Trending | PairCorr |
0.68 | VZLA | Vizsla Resources Corp | PairCorr |
0.73 | CMP | Compass Minerals Int | PairCorr |
0.89 | EMX | EMX Royalty Corp | PairCorr |
0.67 | GSM | Ferroglobe PLC | PairCorr |
0.78 | FURY | Fury Gold Mines | PairCorr |
0.9 | IPX | IperionX Limited American | PairCorr |
0.73 | LZM | Lifezone Metals Downward Rally | PairCorr |
0.75 | NAK | Northern Dynasty Minerals | PairCorr |
0.9 | SKE | Skeena Resources | PairCorr |
0.86 | SLI | Standard Lithium | PairCorr |
0.62 | WRN | Western Copper | PairCorr |
0.71 | WWR | Westwater Resources | PairCorr |
0.99 | TMCWW | TMC the metals | PairCorr |
0.62 | USARW | USA Rare Earth, Symbol Change | PairCorr |
0.61 | ABAT | American Battery Tec | PairCorr |
0.75 | CRMLW | Critical Metals Corp | PairCorr |
0.75 | TECK | Teck Resources Earnings Call Tomorrow | PairCorr |
Moving against TMC Stock
0.55 | NVA | Nova Minerals Limited | PairCorr |
0.46 | LGO | Largo Resources | PairCorr |
0.84 | IONR | ioneer American | PairCorr |
0.77 | USGOW | US GoldMining Warrant | PairCorr |
0.73 | NEXA | Nexa Resources SA | PairCorr |
0.72 | USGO | US GoldMining Common | PairCorr |
0.68 | SGML | Sigma Lithium Resources | PairCorr |
0.37 | LITM | Snow Lake Resources Aggressive Push | PairCorr |
0.32 | UAMY | United States Antimony Trending | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between TMC Stock performing well and TMC The 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 TMC The'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ATER | 3.03 | (0.55) | 0.00 | (0.15) | 0.00 | 6.98 | 25.31 | |||
CMP | 2.38 | 0.87 | 0.48 | 0.97 | 1.16 | 5.00 | 30.47 | |||
DATS | 3.45 | 0.04 | 0.02 | 0.16 | 3.92 | 7.05 | 20.98 | |||
ENSC | 5.96 | 0.23 | 0.09 | 0.19 | 6.35 | 11.59 | 109.72 | |||
IONR | 2.61 | 0.23 | 0.00 | (0.17) | 2.98 | 6.74 | 18.16 | |||
OPAD | 5.20 | 0.70 | 0.13 | 0.65 | 4.87 | 15.79 | 39.55 | |||
TMCWW | 9.11 | 2.86 | 0.32 | 2.78 | 7.60 | 21.53 | 69.31 | |||
WWR | 3.72 | 0.85 | 0.15 | 4.20 | 3.37 | 11.11 | 25.08 |
TMC The Corporate Management
Claude Plourde | Chief Officer | Profile | |
Ryan Coombes | General Secretary | Profile | |
Gerard Barron | CEO Chairman | Profile | |
Erika Ilves | Chief Officer | Profile | |
Craig Shesky | Chief Officer | Profile | |
Arthur CA | Chief Officer | Profile | |
Dan Porras | Head Brand | Profile |