Almonty Industries Correlations

ALM Stock

4.14 0.08 1.90%

The current 90-days correlation between Almonty Industries Common and EMX Royalty Corp is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Almonty Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Almonty Industries Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Almonty Industries Correlation With Market

Average diversification

The correlation between Almonty Industries Common and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Almonty Industries Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Almonty Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Almonty Industries Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Almonty Stock

0.61	NAK	Northern Dynasty Minerals	Pair Corr
0.81	NEXM	NexMetals Mining Corp Earnings Call This Week	Pair Corr
0.62	USGOW	US GoldMining Warrant	Pair Corr

Moving against Almonty Stock

0.7	MP	MP Materials Corp	Pair Corr
0.64	IPX	IperionX Limited American	Pair Corr
0.58	LAR	Lithium Argentina Symbol Change	Pair Corr
0.57	NB	NioCorp Developments Downward Rally	Pair Corr
0.55	BHP	BHP Group Limited	Pair Corr
0.54	EMX	EMX Royalty Corp	Pair Corr
0.52	GRO	Brazil Potash Corp	Pair Corr
0.41	VZLA	Vizsla Resources Corp	Pair Corr
0.32	GSM	Ferroglobe PLC	Pair Corr
0.7	PLL	Piedmont Lithium	Pair Corr
0.6	WWR	Westwater Resources	Pair Corr
0.59	NMG	Nouveau Monde Graphite	Pair Corr
0.55	XPL	Solitario Exploration	Pair Corr
0.54	RIO	Rio Tinto ADR	Pair Corr
0.54	IONR	ioneer American Trending	Pair Corr
0.53	TMQ	Trilogy Metals	Pair Corr
0.51	SLI	Standard Lithium	Pair Corr
0.37	LGO	Largo Resources	Pair Corr
0.67	CRMLW	Critical Metals Corp	Pair Corr
0.67	UAMY	United States Antimony	Pair Corr
0.64	MTRN	Materion	Pair Corr
0.62	ATLX	Atlas Lithium	Pair Corr
0.61	USARW	USA Rare Earth, Symbol Change	Pair Corr
0.58	NIOBW	NioCorp Developments	Pair Corr

Related Correlations Analysis

	MP	NB	VALE	VZLA	ELBM	FMST	BHP	CMP	EMX
MP		0.86	0.68	0.32	0.01	-0.64	0.79	-0.23	0.83	MP
NB	0.86		0.71	0.57	-0.26	-0.33	0.79	-0.32	0.81	NB
VALE	0.68	0.71		0.46	-0.24	-0.42	0.92	-0.02	0.86	VALE
VZLA	0.32	0.57	0.46		-0.43	0.14	0.59	-0.47	0.5	VZLA
ELBM	0.01	-0.26	-0.24	-0.43		-0.46	-0.23	0.6	-0.33	ELBM
FMST	-0.64	-0.33	-0.42	0.14	-0.46		-0.42	-0.25	-0.45	FMST
BHP	0.79	0.79	0.92	0.59	-0.23	-0.42		-0.2	0.91	BHP
CMP	-0.23	-0.32	-0.02	-0.47	0.6	-0.25	-0.2		-0.29	CMP
EMX	0.83	0.81	0.86	0.5	-0.33	-0.45	0.91	-0.29		EMX
	MP	NB	VALE	VZLA	ELBM	FMST	BHP	CMP	EMX

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

BHP	+ 0.92	VALE
EMX	+ 0.91	BHP
NB	+ 0.86	MP
EMX	+ 0.86	VALE
EMX	+ 0.83	MP
EMX	+ 0.81	NB

High negative correlations

FMST	- 0.64	MP
CMP	- 0.47	VZLA
FMST	- 0.46	ELBM
EMX	- 0.45	FMST
ELBM	- 0.43	VZLA
BHP	- 0.42	FMST

Risk-Adjusted Indicators

There is a big difference between Almonty Stock performing well and Almonty Industries 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 Almonty Industries' 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
MP	4.45	1.94	0.45	(1.97)	2.82	(5.33)	13.42	(5.84)	57.28
NB	5.70	1.10	0.15	(3.80)	6.12	(6.41)	12.47	(8.00)	46.77
VALE	1.30	0.13	0.07	0.22	1.52	(1.35)	3.70	(2.56)	8.67
VZLA	2.45	0.29	0.05	(1.00)	3.23	(2.52)	4.93	(5.08)	18.20
ELBM	2.52	(0.24)	0.00	(0.24)	0.00	0.00	5.61	(5.04)	17.15
FMST	6.12	(0.17)	0.00	(1.54)	0.00	0.00	14.10	(9.68)	32.43
BHP	1.30	0.11	0.07	0.19	1.57	(1.34)	3.43	(2.54)	8.16
CMP	1.66	(0.04)	0.00	(0.06)	0.00	0.00	4.26	(3.05)	16.72
EMX	1.88	0.73	0.31	1.12	1.79	(2.42)	5.58	(2.56)	11.71

Almonty Industries Corporate Management

Brian CPA	Chief Officer	Profile
Marion McGrath	Corporate Secretary	Profile
Antonio Sa	Chief BTW	Profile
Fernando Vitorino	Chief Officer	Profile
Ujin Choi	Project Mine	Profile

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