Collective Mining Correlations
| CNL Stock | 11.12 0.01 0.09% |
The current 90-days correlation between Collective Mining and Maanshan Iron Steel is -0.25 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Collective Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Collective Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Collective Mining Correlation With Market
Average diversification
The correlation between Collective Mining and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Collective Mining and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Collective Stock
| 0.63 | X | United States Steel | PairCorr |
| 0.9 | AU | AngloGold Ashanti plc | PairCorr |
| 0.86 | OR | Osisko Gold Ro | PairCorr |
| 0.71 | SA | Seabridge Gold | PairCorr |
| 0.86 | AEM | Agnico Eagle Mines | PairCorr |
| 0.77 | AGI | Alamos Gold | PairCorr |
| 0.81 | BTG | B2Gold Corp Aggressive Push | PairCorr |
| 0.87 | DRD | DRDGOLD Limited ADR | PairCorr |
| 0.89 | EGO | Eldorado Gold Corp | PairCorr |
| 0.88 | FNV | Franco Nevada | PairCorr |
| 0.86 | FSM | Fortuna Silver Mines Aggressive Push | PairCorr |
| 0.85 | GFI | Gold Fields Earnings Call Tomorrow | PairCorr |
Moving against Collective Stock
| 0.76 | CLF | Cleveland Cliffs | PairCorr |
| 0.75 | DOW | Dow Inc | PairCorr |
| 0.73 | HYMCW | Hycroft Mining Holding | PairCorr |
| 0.61 | WLKP | Westlake Chemical | PairCorr |
| 0.58 | AA | Alcoa Corp | PairCorr |
| 0.34 | DC | Dakota Gold Corp | PairCorr |
| 0.75 | NUE | Nucor Corp | PairCorr |
| 0.72 | HUN | Huntsman | PairCorr |
| 0.43 | HLP | Hongli Group Ordinary | PairCorr |
| 0.42 | LXU | Lsb Industries | PairCorr |
| 0.4 | GGB | Gerdau SA ADR Aggressive Push | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | KHRNF | ||
| 0.0 | 0.56 | -0.12 | -0.34 | 0.17 | -0.49 | X | ||
| 0.0 | 0.56 | -0.05 | -0.38 | 0.17 | -0.4 | MAANF | ||
| 0.0 | -0.12 | -0.05 | 0.72 | 0.52 | 0.6 | CODA | ||
| 0.0 | -0.34 | -0.38 | 0.72 | 0.54 | 0.91 | AMKR | ||
| 0.0 | 0.17 | 0.17 | 0.52 | 0.54 | 0.38 | ALNT | ||
| 0.0 | -0.49 | -0.4 | 0.6 | 0.91 | 0.38 | EBON | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Collective Stock performing well and Collective 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 Collective 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KHRNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| X | 2.60 | 0.64 | 0.22 | 1.12 | 2.68 | 4.50 | 25.71 | |||
| MAANF | 0.28 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 8.70 | |||
| CODA | 2.13 | (0.01) | 0.00 | (0.05) | 0.00 | 3.93 | 13.10 | |||
| AMKR | 2.70 | (0.09) | 0.00 | (0.08) | 0.00 | 3.98 | 31.58 | |||
| ALNT | 2.56 | 0.33 | 0.12 | 0.31 | 2.50 | 6.59 | 24.29 | |||
| EBON | 3.43 | (0.41) | 0.00 | (0.32) | 0.00 | 6.51 | 20.72 |
Collective Mining Corporate Executives
Elected by the shareholders, the Collective Mining's board of directors comprises two types of representatives: Collective Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Collective. The board's role is to monitor Collective Mining's management team and ensure that shareholders' interests are well served. Collective 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, Collective Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.