Barrick Mining Correlations

B Stock

USD 20.94 0.19 0.90%

The current 90-days correlation between Barrick Mining and Graco Inc is 0.12 (i.e., Average diversification). The correlation of Barrick 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.

Barrick Mining Correlation With Market

Significant diversification

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

Build AI portfolio with Barrick Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Barrick Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For information on how to trade Barrick Stock refer to our How to Trade Barrick Stock guide.

Moving together with Barrick Stock

0.77	AG	First Majestic Silver	Pair Corr
0.66	AU	AngloGold Ashanti plc	Pair Corr
0.69	DC	Dakota Gold Corp	Pair Corr
0.81	SA	Seabridge Gold	Pair Corr
0.75	AEM	Agnico Eagle Mines	Pair Corr
0.68	AGI	Alamos Gold	Pair Corr
0.81	BTG	B2Gold Corp	Pair Corr
0.71	DVS	Dolly Varden Silver Downward Rally	Pair Corr
0.62	EGO	Eldorado Gold Corp	Pair Corr
0.68	EXK	Endeavour Silver Corp	Pair Corr
0.87	FSM	Fortuna Silver Mines	Pair Corr
0.87	GFI	Gold Fields	Pair Corr

Moving against Barrick Stock

0.5

HLP

Hongli Group Ordinary

Pair Corr

Related Correlations Analysis

	HLIO	NPO	OFLX	LXFR	HURC	GGG	IEX	ITT	FELE	IR
HLIO		0.75	0.78	0.89	0.35	0.72	0.72	0.5	0.56	0.89	HLIO
NPO	0.75		0.4	0.84	0.0	0.87	0.81	0.88	-0.03	0.87	NPO
OFLX	0.78	0.4		0.59	0.46	0.43	0.56	0.13	0.77	0.57	OFLX
LXFR	0.89	0.84	0.59		0.25	0.83	0.83	0.67	0.32	0.95	LXFR
HURC	0.35	0.0	0.46	0.25		0.26	0.32	0.02	0.53	0.27	HURC
GGG	0.72	0.87	0.43	0.83	0.26		0.92	0.88	0.07	0.88	GGG
IEX	0.72	0.81	0.56	0.83	0.32	0.92		0.75	0.21	0.82	IEX
ITT	0.5	0.88	0.13	0.67	0.02	0.88	0.75		-0.31	0.74	ITT
FELE	0.56	-0.03	0.77	0.32	0.53	0.07	0.21	-0.31		0.31	FELE
IR	0.89	0.87	0.57	0.95	0.27	0.88	0.82	0.74	0.31		IR
	HLIO	NPO	OFLX	LXFR	HURC	GGG	IEX	ITT	FELE	IR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IR	+ 0.95	LXFR
IEX	+ 0.92	GGG
LXFR	+ 0.89	HLIO
IR	+ 0.89	HLIO
ITT	+ 0.88	NPO
ITT	+ 0.88	GGG

High negative correlations

FELE	- 0.31	ITT
FELE	- 0.03	NPO
HURC	- 0.0	NPO

Risk-Adjusted Indicators

There is a big difference between Barrick Stock performing well and Barrick Mining 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 Barrick 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
HLIO	2.51	(0.11)	0.00	2.35	0.00	0.00	7.45	(5.16)	17.69
NPO	2.25	0.09	0.04	0.09	2.84	(2.39)	4.35	(4.78)	18.84
OFLX	2.08	(0.33)	0.00	(0.39)	0.00	0.00	6.58	(3.58)	13.44
LXFR	2.01	(0.02)	0.00	0.74	0.00	0.00	5.00	(3.61)	13.86
HURC	2.16	(0.02)	0.00	(0.13)	0.00	0.00	4.92	(4.46)	11.67
GGG	1.18	(0.01)	0.00	0.02	1.62	(1.37)	2.31	(2.47)	9.21
IEX	1.38	(0.11)	0.00	(0.07)	0.00	0.00	3.57	(3.67)	11.25
ITT	1.53	0.16	0.07	0.14	2.23	(1.78)	3.56	(2.86)	13.97
FELE	1.41	(0.22)	0.00	1.53	0.00	0.00	3.03	(2.67)	12.34
IR	1.59	(0.02)	0.00	(1.52)	0.00	0.00	3.23	(3.22)	13.09

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC