Radisson Mining Correlations

OTC Stocks . USA . 
Stock . Radisson Mining Resources
RMRDF Stock  USD 0.44  0.04  10.00%   
The current 90-days correlation between Radisson Mining Resources and Loncor Gold is 0.15 (i.e., Average diversification). The correlation of Radisson 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.

Radisson Mining Correlation With Market

Good diversification

The correlation between Radisson Mining Resources and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Radisson Mining Resources and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Radisson 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 Radisson 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 Radisson 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 Radisson Mining Resources to buy it.

Moving together with Radisson OTC Stock

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  0.66AEM Agnico Eagle MinesPairCorr
  0.76WPM Wheaton Precious MetalsPairCorr
  0.67ZIJMY Zijin Mining GroupPairCorr
  0.63ZIJMF Zijin Mining GroupPairCorr
  0.69GFI Gold FieldsPairCorr
  0.62AU AngloGold Ashanti plcPairCorr
  0.7KGC Kinross GoldPairCorr
  0.8GOOG Alphabet Class CPairCorr
  0.71AVGO BroadcomPairCorr
  0.83BAC Bank of AmericaPairCorr
  0.83AXP American ExpressPairCorr
  0.7DD Dupont De NemoursPairCorr
  0.64JPM JPMorgan ChasePairCorr
  0.78HPQ HP IncPairCorr
  0.67TRV The Travelers CompaniesPairCorr

Moving against Radisson OTC Stock

  0.5MSFT MicrosoftPairCorr
  0.36BA BoeingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Radisson OTC Stock performing well and Radisson 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 Radisson 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
MFGCF  2.54  0.44  0.12  1.81  2.49 
(3.89)
 5.63 
(4.05)
 19.11 
LONCF  3.19  1.18  0.29 (1.64) 2.80 
(4.20)
 7.69 
(5.00)
 25.02 
MMTMF  3.49  1.46  0.34 (123.04) 1.84 
(6.87)
 9.68 
(4.55)
 44.18 
TDRRF  4.60  1.05  0.22 (1.03) 3.53 
(7.00)
 14.29 
(5.80)
 33.08 
WHGOF  5.10  2.07  0.33  1.38  4.22 
(7.48)
 12.77 
(6.90)
 39.03 
CRDOF  2.98  1.11  0.30 (3.25) 2.41 
(4.28)
 7.04 
(4.84)
 22.09 
SROYF  1.81  0.33  0.09 (0.25) 2.07 
(2.24)
 4.33 
(4.21)
 18.08 
RVLGF  3.26  0.51  0.12 (0.43) 3.04 
(4.25)
 7.50 
(4.00)
 22.85 
NSUPF  3.14  0.54  0.13 (0.56) 2.72 
(4.76)
 10.42 
(5.88)
 21.30 
GSHRF  3.38  0.51  0.08 (0.48) 3.26 
(5.70)
 10.34 
(6.45)
 25.15 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Radisson 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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Radisson Mining Corporate Management

Elected by the shareholders, the Radisson Mining's board of directors comprises two types of representatives: Radisson Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Radisson. The board's role is to monitor Radisson Mining's management team and ensure that shareholders' interests are well served. Radisson Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Radisson Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
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