Mako Mining Correlations

OTC Stocks . USA . 
Stock . Mako Mining Corp
MAKOF Stock  USD 6.05  0.09  1.47%   
The current 90-days correlation between Mako Mining Corp and Sokoman Minerals Corp is 0.02 (i.e., Significant diversification). The correlation of Mako 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.

Mako Mining Correlation With Market

Significant diversification

The correlation between Mako Mining Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mako Mining Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Mako 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 Mako 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 Mako 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 Mako Mining Corp to buy it.

Moving together with Mako OTC Stock

  0.95NEM Newmont Goldcorp Corp Earnings Call This WeekPairCorr
  0.95AEM Agnico Eagle MinesPairCorr
  0.88WPM Wheaton Precious MetalsPairCorr
  0.96ZIJMY Zijin Mining Group Earnings Call TodayPairCorr
  0.95ZIJMF Zijin Mining Group Earnings Call TomorrowPairCorr
  0.94GFI Gold FieldsPairCorr
  0.96AU AngloGold Ashanti plcPairCorr
  0.94KGC Kinross Gold Aggressive PushPairCorr
  0.88NDEKY Nitto Denko CorpPairCorr
  0.81DAIUF Daifuku CoPairCorr
  0.83FUWAF Furukawa ElectricPairCorr
  0.9TSLA Tesla Inc Earnings Call This WeekPairCorr
  0.75DTIL Precision BioSciencesPairCorr
  0.83SHOP ShopifyPairCorr
  0.82WFCF Where Food ComesPairCorr
  0.68MTB-PH MT Bank Earnings Call TodayPairCorr
  0.77VIASP Via RenewablesPairCorr
  0.94EZPW EZCORP IncPairCorr
  0.91UUUU Energy Fuels TrendingPairCorr
  0.73NOC Northrop Grumman Earnings Call This WeekPairCorr
  0.76AVGO Broadcom Aggressive PushPairCorr
  0.78VIVC Vivic CorpPairCorr
  0.68DLO Dlocal Tech BoostPairCorr
  0.86NTGR NETGEARPairCorr
  0.89TSM Taiwan Semiconductor Earnings Call TodayPairCorr
  0.6955336VAL4 MPLX LP 52PairCorr
  0.93UEC Uranium Energy Corp Aggressive PushPairCorr
  0.82AMCX AMC NetworksPairCorr
  0.91TYGO Tigo EnergyPairCorr
  0.67SNOW SnowflakePairCorr
  0.71BEAM Beam TherapeuticsPairCorr
  0.89CDTX Cidara TherapeuticsPairCorr

Moving against Mako OTC Stock

  0.65NFPDF Nissin Foods HoldingsPairCorr

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

AUMBF
+ 0.95
ORZCF
AUMBF
+ 0.91
SICNF
MGMLF
+ 0.89
RMRDF
AUMBF
+ 0.88
ELEMF
ORZCF
+ 0.87
ELEMF
ORZCF
+ 0.85
SICNF
  

High negative correlations

NKOSF
- 0.12
SICNF
NKOSF
- 0.05
ELEMF

Risk-Adjusted Indicators

There is a big difference between Mako OTC Stock performing well and Mako 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 Mako 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SICNF  8.70  3.76  0.38  4.10  5.87 
(12.57)
 20.00 
(10.53)
 110.26 
ELEMF  1.88  0.22  0.12  0.17  1.92 
(2.24)
 4.70 
(3.65)
 11.90 
OGNRF  1.76  0.62  0.33  3.46  1.09 
(2.65)
 3.03 
(2.22)
 32.00 
RMRDF  3.39  0.43  0.09  0.76  3.06 
(5.79)
 7.14 
(6.67)
 30.66 
MGMLF  5.28  0.97  0.19  1.83  4.52 
(7.46)
 15.09 
(7.41)
 42.92 
ORZCF  2.83  0.49  0.12  0.32  3.72 
(3.20)
 6.59 
(5.43)
 22.12 
JGLDF  7.45  1.82  0.14  1.90  8.67 
(9.98)
 26.32 
(11.11)
 86.61 
NKOSF  6.27  0.62  0.07 (0.93) 6.49 
(7.98)
 14.86 
(11.00)
 36.93 
AUMBF  5.82  2.70  0.42  1.60  3.54 
(9.60)
 15.15 
(6.90)
 53.67 

Be your own money manager

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

Did you try this?

Run Idea Breakdown Now

   

Idea Breakdown

Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
All  Next Launch Module
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY