Centerra Gold Correlations

CG Stock

CAD 22.52 0.04 0.18%

The current 90-days correlation between Centerra Gold and Wesdome Gold Mines is 0.77 (i.e., Poor diversification).When its correlation with a broad index is high, most of the stock's return is explained by market movement.

Correlation to Market: Centerra Gold

Good diversification

Centerra Gold currently posts a 0.19 correlation with Dow Jones, indicating a Good diversification relationship for the active sample. This chart helps evaluate whether adding Dow Jones genuinely reduces risk relative to holding Centerra Gold alone.

This view shows how Centerra Gold aligns with related instruments based on correlation data. The information reflects general market and regulatory conditions.

Moving together with Centerra Stock

0.93	AG	First Majestic Silver	Pair Corr
0.87	ORE	Orezone Gold Corp Earnings Call Tomorrow	Pair Corr
0.74	FDY	Faraday Copper Corp	Pair Corr
0.7	INFM	Infinico Metals Corp Split	Pair Corr
0.7	NPS	Canadian Large Cap Split	Pair Corr
0.7	WMT	Walmart CDR	Pair Corr
0.83	SHL	Homeland Nickel Earnings Call This Week	Pair Corr
0.73	CXI	Currency Exchange	Pair Corr

Moving against Centerra Stock

0.63

PNC-B

Postmedia Network Canada

Pair Corr

Related Correlations Analysis

	WDO	SEA	FVI	MX	KNT	PPTA	AAUC	EDR	USA	MAU
WDO		0.78	0.72	0.13	0.6	0.81	0.18	0.67	0.5	0.2	WDO
SEA	0.78		0.93	0.13	0.86	0.8	0.33	0.83	0.75	0.47	SEA
FVI	0.72	0.93		0.28	0.92	0.79	0.46	0.83	0.82	0.61	FVI
MX	0.13	0.13	0.28		0.35	0.43	0.82	0.25	0.54	0.74	MX
KNT	0.6	0.86	0.92	0.35		0.78	0.63	0.89	0.88	0.67	KNT
PPTA	0.81	0.8	0.79	0.43	0.78		0.52	0.82	0.8	0.46	PPTA
AAUC	0.18	0.33	0.46	0.82	0.63	0.52		0.56	0.79	0.85	AAUC
EDR	0.67	0.83	0.83	0.25	0.89	0.82	0.56		0.84	0.44	EDR
USA	0.5	0.75	0.82	0.54	0.88	0.8	0.79	0.84		0.79	USA
MAU	0.2	0.47	0.61	0.74	0.67	0.46	0.85	0.44	0.79		MAU
	WDO	SEA	FVI	MX	KNT	PPTA	AAUC	EDR	USA	MAU

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

Risk-Adjusted Indicators

Evaluating Centerra Stock requires separating price momentum from underlying operating strength versus competitors. Risk-adjusted metrics help compare Centerra Gold's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and help investors evaluate volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WDO	2.58	0.06	0.00	-0.02	0.00	0.00	4.53	-7.28	14.98
SEA	3.25	0.04	0.00	-0.05	0.00	0.00	6.58	-7.84	27.40
FVI	3.23	0.16	0.02	0.01	4.78	-3.16	6.36	-7.67	21.77
MX	2.65	0.59	0.15	1.90	3.56	-2.82	6.54	-4.80	20.50
KNT	2.61	0.14	0.02	0.01	4.31	-2.30	4.71	-7.94	16.04
PPTA	3.78	0.19	0.02	0.01	5.12	-3.81	7.82	-7.94	26.98
AAUC	1.21	0.54	0.43	1.14	0.74	-1.51	3.95	-1.30	12.09
EDR	4.12	0.26	0.02	0.01	6.00	-3.82	8.46	-9.62	26.82
USA	4.93	0.50	0.05	0.08	6.16	-5.20	8.70	-10.35	32.50
MAU	3.16	0.55	0.15	-0.58	3.95	-3.19	7.34	-7.45	24.36

Be your own money manager

Optimization tools can help investors judge whether capital allocated to Centerra Gold is being used efficiently relative to other opportunities in the same equity universe. A stronger allocation process asks what the position adds to the portfolio, not just what it might do on its own.

Did you try this?

Run Portfolio Holdings Now

Portfolio Holdings

Check your current holdings and cash position to determine if your portfolio needs rebalancing

All Next

Launch Module

Macroaxis provides analytical tools and reference data for investors of all levels to evaluate holdings and assess risk across market volatility, economic shifts, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC