Collective Mining Correlations

CNL Stock

11.83 0.47 4.14%

The current 90-days correlation between Collective Mining and New Found Gold is 0.06 (i.e., Significant 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

Significant diversification

The correlation between Collective Mining and DJI is 0.03 (i.e., Significant 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.

Build AI portfolio with Collective Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Collective Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For more information on how to buy Collective Stock please use our How to buy in Collective Stock guide.

Moving together with Collective Stock

0.79	DC	Dakota Gold Corp	Pair Corr
0.76	ENT	Enterprise Metals	Pair Corr
0.76	SRL	Salazar Resources	Pair Corr
0.64	CDB	Cordoba Minerals Corp	Pair Corr
0.84	AZY	Antipa Minerals	Pair Corr
0.73	RXL	ROX Resources	Pair Corr

Moving against Collective Stock

0.7	MET1	Metals One PLC	Pair Corr
0.55	KNI	Kuniko	Pair Corr
0.47	VDO-H	Nevado Resources	Pair Corr
0.45	VML	Viscount Mining Corp	Pair Corr
0.5	LML	Lincoln Minerals	Pair Corr
0.4	GEMC	Global Energy Metals	Pair Corr
0.4	3PLAND	3P Land Holdings	Pair Corr

Related Correlations Analysis

	NFGC	THM	LXU	ASIX	GEVO	CMCL	MATV	ITRG	GAU
NFGC		0.83	0.49	0.14	0.69	0.94	0.12	0.92	0.77	NFGC
THM	0.83		0.62	0.04	0.79	0.76	0.02	0.8	0.78	THM
LXU	0.49	0.62		0.3	0.72	0.52	0.19	0.65	0.7	LXU
ASIX	0.14	0.04	0.3		0.05	0.19	0.73	0.21	0.44	ASIX
GEVO	0.69	0.79	0.72	0.05		0.7	0.23	0.78	0.77	GEVO
CMCL	0.94	0.76	0.52	0.19	0.7		0.26	0.95	0.78	CMCL
MATV	0.12	0.02	0.19	0.73	0.23	0.26		0.31	0.46	MATV
ITRG	0.92	0.8	0.65	0.21	0.78	0.95	0.31		0.87	ITRG
GAU	0.77	0.78	0.7	0.44	0.77	0.78	0.46	0.87		GAU
	NFGC	THM	LXU	ASIX	GEVO	CMCL	MATV	ITRG	GAU

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
NFGC	3.32	0.28	0.06	0.57	3.92	(3.99)	7.77	(6.25)	28.48
THM	5.33	0.59	0.10	0.50	5.77	(6.05)	12.77	(8.96)	50.74
LXU	2.39	(0.02)	0.01	0.08	2.86	(2.59)	4.12	(4.21)	22.28
ASIX	1.70	(0.12)	(0.04)	0.00	2.00	(1.71)	4.47	(3.18)	10.16
GEVO	4.08	0.68	0.26	0.24	3.21	(5.37)	8.22	(6.51)	66.27
CMCL	3.24	0.32	0.08	0.27	4.53	(3.22)	6.49	(7.50)	18.50
MATV	2.98	0.69	0.32	0.45	1.75	(4.11)	7.16	(3.61)	41.48
ITRG	3.18	0.90	0.19	8.47	3.41	(3.56)	7.46	(6.44)	19.80
GAU	3.40	0.83	0.16	(8.03)	3.89	(3.91)	7.79	(7.03)	35.28

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.

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