Alpha Exploration Correlations
| ALEX Stock | 0.56 -0.04 -6.67% |
The current 90-days correlation between Alpha Exploration and Condor Resources is 0.01 (i.e., Significant diversification).Correlation analysis for Alpha Exploration quantifies the degree to which its price movements mirror or diverge from those of related assets. A coefficient near +1 signals strong co-movement, while a coefficient near -1 indicates consistent opposite movement.
Market Correlation - Alpha Exploration
Significant diversification
Across the chosen horizon, ALEX and DJI show a correlation of 0.09 and fall into the Significant diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
Alpha |
Correlation analysis helps compare Alpha Exploration with similar exposures for allocation context. Wash sale restrictions can apply to substantially identical replacements in some markets; this is general context only.
Moving together with Alpha Stock
| 0.84 | AG | First Majestic Silver | PairCorr |
| 0.62 | ORE | Orezone Gold Corp | PairCorr |
| 0.85 | FDY | Faraday Copper Corp | PairCorr |
| 0.65 | INFM | Infinico Metals Corp Split | PairCorr |
| 0.64 | BQE | BQE Water | PairCorr |
| 0.66 | ROCK | Rockridge Resources | PairCorr |
| 0.74 | TECT | Tectonic Metals | PairCorr |
| 0.78 | IPCO | International Petroleum | PairCorr |
| 0.76 | AME | Abacus Mining | PairCorr |
| 0.81 | BCE-PR | BCE Inc Pref | PairCorr |
| 0.65 | WHN | Westhaven Ventures | PairCorr |
| 0.86 | OXY | Occidental Petroleum CDR | PairCorr |
| 0.71 | CAPT | Capitan Silver Corp | PairCorr |
Moving against Alpha Stock
| 0.86 | KKR | KKR Co Inc | PairCorr |
| 0.84 | ZMSF | MICROSOFT BMO CDR | PairCorr |
| 0.81 | MSFT | Microsoft CDR | PairCorr |
| 0.81 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.42 | GOOG | Alphabet CDR | PairCorr |
| 0.42 | GOOG | Alphabet CDR | PairCorr |
Related Correlations Analysis
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 Alpha Stock performing well and Alpha Exploration 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 Alpha Exploration'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIAM | 7.93 | 0.59 | 0.03 | -0.91 | 9.90 | 33.33 | 58.33 | |||
| TUF | 4.62 | 0.11 | 0.02 | 0.96 | 4.74 | 10.34 | 35.63 | |||
| CN | 5.40 | 0.37 | 0.04 | 0.20 | 5.82 | 16.67 | 37.82 | |||
| STRR | 3.30 | 0.65 | 0.11 | 0.86 | 3.69 | 6.98 | 26.36 | |||
| KFR | 5.64 | 1.86 | 0.34 | 4.61 | 3.97 | 16.39 | 39.79 | |||
| ARU | 5.65 | 0.55 | 0.06 | 0.86 | 6.10 | 13.33 | 38.44 | |||
| GBU | 7.19 | 1.48 | 0.11 | 8.83 | 6.61 | 16.67 | 125.00 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Alpha Exploration is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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Alpha Exploration Corporate Management
Governance review matters for Alpha Exploration because boards and executives shape oversight, strategic discipline, and how shareholder interests are represented. This becomes more valuable when investors want to compare oversight quality across firms that may otherwise look financially similar.
| Denitsa Doncheva | Chief Officer | Profile | |
| Tewelde Haile | Exploration Manager | Profile | |
| Alasdair Smith | Technical Director | Profile | |
| John Wilton | Chief Officer | Profile |