Ximen Mining Correlations

XXMMF Stock

USD 0.08 0.01 6.90%

The current 90-days correlation between Ximen Mining Corp and Brookmount Explorations is 0.02 (i.e., Significant diversification). The correlation of Ximen 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.

Ximen Mining Correlation With Market

Good diversification

The correlation between Ximen Mining Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ximen Mining Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ximen 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 Ximen 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 Ximen 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 Ximen Mining Corp to buy it.

Moving against Ximen OTC Stock

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0.48	WPM	Wheaton Precious Metals	Pair Corr
0.36	KGC	Kinross Gold	Pair Corr
0.9	CAT	Caterpillar	Pair Corr
0.9	JPM	JPMorgan Chase	Pair Corr
0.88	AA	Alcoa Corp	Pair Corr
0.87	IBM	International Business Earnings Call This Week	Pair Corr
0.87	AXP	American Express	Pair Corr
0.86	MSFT	Microsoft	Pair Corr
0.83	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.81	BA	Boeing	Pair Corr
0.76	INTC	Intel Earnings Call This Week	Pair Corr
0.72	PFE	Pfizer Inc	Pair Corr
0.66	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	IMRFF	IRVRF	BMXI	XTGRF	WHGOF	GFGSF	RVLGF	TSGZF
IMRFF		-0.15	-0.17	0.24	-0.06	0.04	-0.08	-0.36	IMRFF
IRVRF	-0.15		-0.35	0.55	0.46	-0.16	0.25	0.65	IRVRF
BMXI	-0.17	-0.35		-0.49	0.21	0.64	-0.73	-0.52	BMXI
XTGRF	0.24	0.55	-0.49		-0.02	-0.46	0.28	0.41	XTGRF
WHGOF	-0.06	0.46	0.21	-0.02		0.52	-0.37	0.07	WHGOF
GFGSF	0.04	-0.16	0.64	-0.46	0.52		-0.74	-0.47	GFGSF
RVLGF	-0.08	0.25	-0.73	0.28	-0.37	-0.74		0.45	RVLGF
TSGZF	-0.36	0.65	-0.52	0.41	0.07	-0.47	0.45		TSGZF
	IMRFF	IRVRF	BMXI	XTGRF	WHGOF	GFGSF	RVLGF	TSGZF

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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

TSGZF	+ 0.65	IRVRF
GFGSF	+ 0.64	BMXI
XTGRF	+ 0.55	IRVRF
GFGSF	+ 0.52	WHGOF
WHGOF	+ 0.46	IRVRF
TSGZF	+ 0.45	RVLGF

High negative correlations

RVLGF	- 0.74	GFGSF
RVLGF	- 0.73	BMXI
TSGZF	- 0.52	BMXI
XTGRF	- 0.49	BMXI
TSGZF	- 0.47	GFGSF
GFGSF	- 0.46	XTGRF

Risk-Adjusted Indicators

There is a big difference between Ximen OTC Stock performing well and Ximen 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 Ximen 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
IMRFF	2.95	(0.60)	0.00	(0.19)	0.00	0.00	9.09	(11.36)	42.73
IRVRF	4.53	0.70	0.07	(0.63)	4.31	(7.71)	13.33	(8.33)	26.19
BMXI	8.66	(0.10)	(0.01)	(0.01)	10.74	(12.40)	20.83	(13.79)	96.67
XTGRF	1.16	(0.03)	0.00	0.22	0.00	0.00	2.76	(2.86)	9.23
WHGOF	4.01	0.39	0.04	(1.55)	3.77	(6.99)	9.09	(8.00)	29.75
GFGSF	2.20	(0.16)	0.00	(0.04)	0.00	0.00	7.69	(7.69)	21.03
RVLGF	3.73	0.28	0.04	(5.18)	3.11	(6.43)	8.82	(5.56)	24.02
TSGZF	2.21	0.27	0.01	(0.35)	2.87	(8.30)	8.33	(7.69)	17.42

Be your own money manager

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