Thor Explorations Correlations
| THX Stock | CAD 1.49 0.02 1.32% |
The current 90-days correlation between Thor Explorations and Amaroq Minerals is 0.28 (i.e., Modest diversification). The correlation of Thor Explorations 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Thor Explorations Correlation With Market
Poor diversification
The correlation between Thor Explorations and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thor Explorations and DJI in the same portfolio, assuming nothing else is changed.
Thor |
The ability to find closely correlated positions to Thor Explorations could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thor Explorations 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 Thor Explorations - 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 Thor Explorations to buy it.
Moving together with Thor Stock
| 0.94 | AG | First Majestic Silver | PairCorr |
| 0.82 | IE | Ivanhoe Energy Earnings Call This Week | PairCorr |
| 0.96 | ORE | Orezone Gold Corp | PairCorr |
| 0.88 | FDY | Faraday Copper Corp | PairCorr |
| 0.62 | INFM | Infinico Metals Corp | PairCorr |
| 0.87 | FTT | Finning International | PairCorr |
| 0.64 | WPRT | Westport Fuel Systems | PairCorr |
| 0.81 | DAN | Arianne Phosphate | PairCorr |
| 0.69 | PSLV | Sprott Physical Silver | PairCorr |
| 0.75 | NICU | Magna Mining | PairCorr |
| 0.91 | RKR | ROKMASTER Resources Corp | PairCorr |
| 0.83 | WAST | Waste Management CDR | PairCorr |
| 0.64 | COLA | Coca Cola | PairCorr |
| 0.88 | PGDC | Patagonia Gold Corp | PairCorr |
| 0.95 | MKO | Mako Mining Corp | PairCorr |
| 0.74 | AGI | Alamos Gold | PairCorr |
| 0.91 | BTO | B2Gold Corp | PairCorr |
| 0.62 | BTE | Baytex Energy Corp | PairCorr |
| 0.82 | PML | Panoro Minerals | PairCorr |
| 0.77 | CU-PH | Canadian Utilities Earnings Call This Week | PairCorr |
| 0.65 | ENB-PFC | Enbridge Pref 11 | PairCorr |
Moving against Thor Stock
| 0.75 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.75 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.64 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.64 | MSFT | Microsoft CDR | PairCorr |
| 0.53 | AAPL | Apple CDR | PairCorr |
| 0.53 | AAPL | Apple Inc CDR | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thor Stock performing well and Thor Explorations 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 Thor Explorations' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMRQ | 3.64 | 0.27 | 0.05 | (2.18) | 3.90 | 7.87 | 27.09 | |||
| NFG | 3.53 | 0.48 | 0.10 | 0.63 | 4.39 | 10.06 | 31.55 | |||
| ATX | 2.84 | 0.87 | 0.22 | 1.75 | 2.83 | 7.97 | 28.87 | |||
| ODV | 2.75 | 0.12 | 0.04 | 0.12 | 4.04 | 6.41 | 20.16 | |||
| ORE | 3.36 | 0.90 | 0.23 | 0.45 | 3.36 | 8.11 | 25.76 | |||
| OMG | 2.87 | 0.62 | 0.16 | 0.34 | 3.49 | 7.56 | 22.01 | |||
| RML | 2.71 | 0.00 | 0.00 | 0.00 | 0.00 | 10.38 | 24.46 | |||
| IFOS | 1.39 | 0.11 | 0.02 | (0.31) | 1.56 | 2.31 | 9.21 | |||
| MKO | 1.93 | 0.38 | 0.14 | 0.49 | 2.21 | 4.29 | 10.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thor Explorations 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?
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Thor Explorations Corporate Management
Elected by the shareholders, the Thor Explorations' board of directors comprises two types of representatives: Thor Explorations inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thor. The board's role is to monitor Thor Explorations' management team and ensure that shareholders' interests are well served. Thor Explorations' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Thor Explorations' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Alfred FAusIMM | Group Manager | Profile | |
| Mike Kelly | Segilola Mang | Profile | |
| Chris OmoOsagie | Chief Officer | Profile | |
| Ben CPA | Sec | Profile |