Resolute Mining Correlations

RMGGF Stock

USD 0.80 0.08 11.11%

The current 90-days correlation between Resolute Mining and Comtech Telecommunications Corp is -0.01 (i.e., Good diversification). The correlation of Resolute 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.

Resolute Mining Correlation With Market

Average diversification

The correlation between Resolute Mining Limited and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Resolute Mining Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Resolute 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 Resolute 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 Resolute 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 Resolute Mining Limited to buy it.

Moving together with Resolute Pink Sheet

0.85	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.79	AEM	Agnico Eagle Mines	Pair Corr
0.79	ZIJMY	Zijin Mining Group	Pair Corr
0.79	ZIJMF	Zijin Mining Group	Pair Corr
0.73	AU	AngloGold Ashanti plc	Pair Corr
0.79	GFI	Gold Fields	Pair Corr
0.73	KGC	Kinross Gold Aggressive Push	Pair Corr
0.73	INTC	Intel Buyout Trend	Pair Corr
0.65	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Resolute Pink Sheet

0.45	AMZN	Amazon Inc	Pair Corr
0.35	BMYMP	Bristol Myers Squibb	Pair Corr
0.58	VZ	Verizon Communications	Pair Corr
0.57	T	ATT Inc	Pair Corr
0.55	CVX	Chevron Corp	Pair Corr
0.55	PG	Procter Gamble Sell-off Trend	Pair Corr
0.41	HD	Home Depot	Pair Corr
0.38	BA	Boeing	Pair Corr
0.32	MCD	McDonalds Sell-off Trend	Pair Corr

Related Correlations Analysis

	WFCF	NPNTQ	TETEF	CMTL	WTI	TMUSL	GFOO	ONCI
WFCF		0.0	0.0	-0.17	0.13	-0.45	0.0	0.0	WFCF
NPNTQ	0.0		1.0	0.0	0.0	0.0	1.0	1.0	NPNTQ
TETEF	0.0	1.0		0.0	0.0	0.0	1.0	1.0	TETEF
CMTL	-0.17	0.0	0.0		0.64	0.49	0.0	0.0	CMTL
WTI	0.13	0.0	0.0	0.64		-0.03	0.0	0.0	WTI
TMUSL	-0.45	0.0	0.0	0.49	-0.03		0.0	0.0	TMUSL
GFOO	0.0	1.0	1.0	0.0	0.0	0.0		1.0	GFOO
ONCI	0.0	1.0	1.0	0.0	0.0	0.0	1.0		ONCI
	WFCF	NPNTQ	TETEF	CMTL	WTI	TMUSL	GFOO	ONCI

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

TETEF	+ 1.0	NPNTQ
GFOO	+ 1.0	NPNTQ
ONCI	+ 1.0	NPNTQ
GFOO	+ 1.0	TETEF
ONCI	+ 1.0	TETEF
ONCI	+ 1.0	GFOO

High negative correlations

TMUSL	- 0.45	WFCF
CMTL	- 0.17	WFCF
TMUSL	- 0.03	WTI
ONCI	- 0.0	TMUSL
GFOO	- 0.0	TMUSL
ONCI	- 0.0	WTI

Risk-Adjusted Indicators

There is a big difference between Resolute Pink Sheet performing well and Resolute 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 Resolute 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
WFCF	1.42	0.10	0.02	1.60	1.96	(2.16)	4.75	(2.80)	14.74
NPNTQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TETEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CMTL	3.24	0.63	0.16	0.54	3.63	(3.74)	7.04	(6.39)	23.38
WTI	3.11	0.08	0.00	(0.30)	3.80	(3.62)	6.28	(6.90)	32.60
TMUSL	0.19	0.03	(0.09)	0.39	0.15	(0.24)	0.45	(0.24)	1.83
GFOO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ONCI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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

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Resolute Mining Corporate Management

CEng BSc	MD CEO	Profile
Geoff Montgomery	Chief Officer	Profile
James Virgo	Gen Relations	Profile
Shane OSullivan	Co Mang	Profile
Bruce Mowat	General Manager – Exploration	Profile
BCom BCom	Chief Officer	Profile
Jordan Morrissey	Exec Sustainability	Profile

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