Aftermath Silver Correlations

AAG Stock

1.15 0.03 2.68%

The current 90-days correlation between Aftermath Silver and Canada Nickel is 0.11 (i.e., Average diversification). The correlation of Aftermath Silver 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.

Aftermath Silver Correlation With Market

Weak diversification

The correlation between Aftermath Silver and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aftermath Silver and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Aftermath Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aftermath Silver 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 Aftermath Silver - 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 Aftermath Silver to buy it.

Moving together with Aftermath Stock

0.94	AG	First Majestic Silver	Pair Corr
0.72	IE	Ivanhoe Energy	Pair Corr
0.93	ORE	Orezone Gold Corp	Pair Corr
0.73	FDR	Flinders Resources Earnings Call This Week	Pair Corr
0.86	FDY	Faraday Copper Corp	Pair Corr
0.81	MFC	Manulife Financial Corp	Pair Corr
0.91	TD	Toronto Dominion Bank	Pair Corr
0.87	BNS	Bank of Nova Scotia	Pair Corr
0.8	CM	Canadian Imperial Bank	Pair Corr
0.82	VM	Voyageur Pharmaceuticals	Pair Corr
0.62	NXR-UN	Nexus Real Estate	Pair Corr
0.89	AX-UN	Artis Real Estate	Pair Corr
0.8	ENB-PFU	Enbridge Pref L	Pair Corr

Moving against Aftermath Stock

0.57	T	Telus Corp	Pair Corr
0.53	AML	Argus Metals Corp	Pair Corr
0.39	ENB	Enbridge	Pair Corr
0.34	INFM	Infinico Metals Corp	Pair Corr

Related Correlations Analysis

	CNC	TSK	MOON	MMA	DMX	GPH	CVV	FL	FAR	MAI
CNC		0.69	0.83	0.77	0.01	0.64	-0.19	0.85	0.48	0.85	CNC
TSK	0.69		0.72	0.75	0.37	0.57	0.26	0.67	0.52	0.76	TSK
MOON	0.83	0.72		0.78	-0.15	0.87	-0.26	0.73	0.81	0.83	MOON
MMA	0.77	0.75	0.78		0.19	0.61	-0.12	0.63	0.49	0.8	MMA
DMX	0.01	0.37	-0.15	0.19		-0.18	0.84	0.02	-0.33	0.22	DMX
GPH	0.64	0.57	0.87	0.61	-0.18		-0.18	0.55	0.76	0.64	GPH
CVV	-0.19	0.26	-0.26	-0.12	0.84	-0.18		-0.07	-0.28	0.05	CVV
FL	0.85	0.67	0.73	0.63	0.02	0.55	-0.07		0.39	0.76	FL
FAR	0.48	0.52	0.81	0.49	-0.33	0.76	-0.28	0.39		0.52	FAR
MAI	0.85	0.76	0.83	0.8	0.22	0.64	0.05	0.76	0.52		MAI
	CNC	TSK	MOON	MMA	DMX	GPH	CVV	FL	FAR	MAI

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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

GPH	+ 0.87	MOON
FL	+ 0.85	CNC
MAI	+ 0.85	CNC
CVV	+ 0.84	DMX
MOON	+ 0.83	CNC
MAI	+ 0.83	MOON

High negative correlations

FAR	- 0.33	DMX
FAR	- 0.28	CVV
CVV	- 0.26	MOON
CVV	- 0.19	CNC
CVV	- 0.18	GPH
GPH	- 0.18	DMX

Risk-Adjusted Indicators

There is a big difference between Aftermath Stock performing well and Aftermath Silver 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 Aftermath Silver'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
CNC	4.13	1.14	0.23	0.99	3.98	(5.22)	9.24	(7.69)	40.45
TSK	3.83	0.14	0.04	0.17	4.30	(4.39)	8.33	(6.90)	14.47
MOON	2.78	0.51	0.14	0.70	3.02	(3.27)	6.31	(4.31)	14.11
MMA	3.52	0.25	0.06	0.27	3.85	(4.26)	7.14	(6.47)	26.38
DMX	3.96	(0.17)	0.00	(0.11)	0.00	0.00	6.82	(7.22)	18.88
GPH	5.25	0.48	0.05	(1.16)	6.47	(6.04)	12.33	(11.66)	30.66
CVV	4.84	(0.36)	0.00	(0.10)	0.00	0.00	11.27	(8.06)	33.69
FL	3.23	0.76	0.18	1.02	2.88	(4.94)	9.41	(5.13)	24.24
FAR	1.78	0.13	0.05	0.24	2.16	(1.95)	3.85	(2.97)	9.64
MAI	26.22	10.97	2.85	0.43	1.56	(33.21)	6.82	(6.98)	883.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aftermath Silver 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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