Voltage Metals Correlations

VLTMF Stock

USD 0 0.00 0.00%

The correlation of Voltage Metals 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.

Voltage Metals Correlation With Market

Good diversification

The correlation between Voltage Metals Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voltage Metals Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Voltage Pink Sheet

0.89

MCD

McDonalds

Pair Corr

Moving against Voltage Pink Sheet

0.89	CVX	Chevron Corp	Pair Corr
0.85	IBM	International Business Earnings Call This Week	Pair Corr
0.82	XOM	Exxon Mobil Corp	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.78	GLCNF	Glencore PLC	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.77	GLNCY	Glencore PLC ADR	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.74	MSFT	Microsoft Aggressive Push	Pair Corr
0.73	BAC	Bank of America	Pair Corr
0.69	INTC	Intel Earnings Call This Week	Pair Corr
0.69	AXP	American Express	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.63	GE	GE Aerospace Earnings Call Tomorrow	Pair Corr
0.51	SLF	Sun Life Financial	Pair Corr
0.5	T	ATT Inc Earnings Call This Week	Pair Corr
0.38	AAUKF	Anglo American plc	Pair Corr

Related Correlations Analysis

	NRRMF	ESVNF	CTXDF	AXREF	MUNMF	ASHXF	ATOXF	AVRTF	SAGGF	EDDYF
NRRMF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NRRMF
ESVNF	0.0		-0.03	0.49	-0.11	0.17	-0.05	0.28	0.22	-0.56	ESVNF
CTXDF	0.0	-0.03		-0.22	-0.19	-0.13	0.05	0.11	0.19	0.14	CTXDF
AXREF	0.0	0.49	-0.22		0.46	0.51	0.5	0.71	0.66	-0.75	AXREF
MUNMF	0.0	-0.11	-0.19	0.46		0.5	0.59	0.49	0.31	-0.43	MUNMF
ASHXF	0.0	0.17	-0.13	0.51	0.5		0.53	0.39	0.18	-0.36	ASHXF
ATOXF	0.0	-0.05	0.05	0.5	0.59	0.53		0.74	0.51	-0.26	ATOXF
AVRTF	0.0	0.28	0.11	0.71	0.49	0.39	0.74		0.77	-0.52	AVRTF
SAGGF	0.0	0.22	0.19	0.66	0.31	0.18	0.51	0.77		-0.41	SAGGF
EDDYF	0.0	-0.56	0.14	-0.75	-0.43	-0.36	-0.26	-0.52	-0.41		EDDYF
	NRRMF	ESVNF	CTXDF	AXREF	MUNMF	ASHXF	ATOXF	AVRTF	SAGGF	EDDYF

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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

SAGGF	+ 0.77	AVRTF
AVRTF	+ 0.74	ATOXF
AVRTF	+ 0.71	AXREF
SAGGF	+ 0.66	AXREF
ATOXF	+ 0.59	MUNMF
ATOXF	+ 0.53	ASHXF

High negative correlations

EDDYF	- 0.75	AXREF
EDDYF	- 0.56	ESVNF
EDDYF	- 0.52	AVRTF
EDDYF	- 0.43	MUNMF
EDDYF	- 0.41	SAGGF
EDDYF	- 0.36	ASHXF

Risk-Adjusted Indicators

There is a big difference between Voltage Pink Sheet performing well and Voltage 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 Voltage 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
NRRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESVNF	0.30	0.12	0.00	0.74	0.00	0.00	0.00	0.00	10.00
CTXDF	2.24	0.07	(0.01)	(0.04)	3.82	(12.33)	8.33	(7.69)	41.83
AXREF	2.82	0.75	0.14	(4.49)	2.36	(4.97)	7.32	(5.26)	22.89
MUNMF	2.42	0.36	0.03	(34.50)	2.67	(7.01)	7.14	(6.67)	14.84
ASHXF	2.33	1.17	0.00	(1.35)	0.00	0.00	0.00	0.00	50.00
ATOXF	9.46	1.10	0.08	(4.28)	9.49	(14.07)	22.80	(16.67)	76.59
AVRTF	4.46	1.45	0.00	(1.77)	0.00	0.00	0.00	0.00	207.02
SAGGF	7.57	0.77	0.07	0.45	7.32	(23.81)	15.79	(17.14)	107.65
EDDYF	2.13	(0.27)	0.00	(0.78)	0.00	0.00	7.07	(8.65)	33.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in Voltage Metals 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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