Azarga Metals Correlations

EUUNF Stock

USD 0.11 0.01 10.00%

The current 90-days correlation between Azarga Metals Corp and CMX Gold Silver is 0.22 (i.e., Modest diversification). The correlation of Azarga Metals 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.

Azarga Metals Correlation With Market

Poor diversification

The correlation between Azarga Metals Corp and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azarga Metals Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Azarga Pink Sheet

0.76	ISRMF	iShares MSCI	Pair Corr
0.68	KNTK	Kinetik Holdings	Pair Corr
0.71	GOOD	Gladstone Commercial	Pair Corr
0.88	BA	Boeing Sell-off Trend	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.83	CVX	Chevron Corp	Pair Corr
0.74	INTC	Intel Aggressive Push	Pair Corr

Moving against Azarga Pink Sheet

0.67	HPQ	HP Inc	Pair Corr
0.54	T	ATT Inc Earnings Call This Week	Pair Corr
0.44	MAPSW	WM Technology	Pair Corr
0.42	MSFT	Microsoft	Pair Corr
0.34	IBM	International Business Tech Boost	Pair Corr
0.33	MMSI	Merit Medical Systems	Pair Corr
0.31	SLMNP	A Schulman	Pair Corr

Related Correlations Analysis

	CXXMF	TNTMF	ORESF	ATOXF	CCOOF	GARWF	YORKF	ARXRF	MLYCF	ILHMF
CXXMF		0.27	0.5	0.82	0.43	0.68	0.66	0.38	-0.37	-0.29	CXXMF
TNTMF	0.27		0.35	0.0	-0.33	0.11	0.18	-0.29	-0.44	-0.42	TNTMF
ORESF	0.5	0.35		0.27	-0.09	0.46	0.49	-0.01	-0.27	-0.5	ORESF
ATOXF	0.82	0.0	0.27		0.61	0.45	0.47	0.54	-0.04	0.07	ATOXF
CCOOF	0.43	-0.33	-0.09	0.61		0.5	0.38	0.46	0.39	0.35	CCOOF
GARWF	0.68	0.11	0.46	0.45	0.5		0.76	0.31	-0.18	-0.39	GARWF
YORKF	0.66	0.18	0.49	0.47	0.38	0.76		0.17	-0.13	-0.47	YORKF
ARXRF	0.38	-0.29	-0.01	0.54	0.46	0.31	0.17		0.0	0.18	ARXRF
MLYCF	-0.37	-0.44	-0.27	-0.04	0.39	-0.18	-0.13	0.0		0.4	MLYCF
ILHMF	-0.29	-0.42	-0.5	0.07	0.35	-0.39	-0.47	0.18	0.4		ILHMF
	CXXMF	TNTMF	ORESF	ATOXF	CCOOF	GARWF	YORKF	ARXRF	MLYCF	ILHMF

Please upgrade your account to get full access to Macroaxis premium features

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

ATOXF	+ 0.82	CXXMF
YORKF	+ 0.76	GARWF
GARWF	+ 0.68	CXXMF
YORKF	+ 0.66	CXXMF
CCOOF	+ 0.61	ATOXF
ARXRF	+ 0.54	ATOXF

High negative correlations

ILHMF	- 0.5	ORESF
ILHMF	- 0.47	YORKF
MLYCF	- 0.44	TNTMF
ILHMF	- 0.42	TNTMF
ILHMF	- 0.39	GARWF
MLYCF	- 0.37	CXXMF

Risk-Adjusted Indicators

There is a big difference between Azarga Pink Sheet performing well and Azarga Metals 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 Azarga Metals' 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
CXXMF	2.63	1.15	0.00	0.65	0.00	0.00	9.52	0.00	59.20
TNTMF	14.39	3.19	0.10	(0.58)	14.56	(32.71)	45.75	(34.37)	153.31
ORESF	6.57	1.47	0.11	0.76	6.42	(14.25)	22.22	(15.62)	55.56
ATOXF	6.85	0.51	0.06	0.96	7.62	(8.60)	14.37	(14.25)	35.54
CCOOF	3.55	0.18	0.03	1.51	3.90	(4.88)	7.69	(6.67)	24.84
GARWF	5.36	0.83	0.06	0.27	6.64	(10.21)	25.00	(20.00)	45.00
YORKF	12.09	2.77	0.15	(1.72)	11.22	(18.48)	29.73	(24.31)	95.92
ARXRF	6.50	(0.04)	0.00	0.00	8.00	(7.41)	16.82	(12.00)	47.09
MLYCF	23.51	8.15	0.00	(2.76)	0.00	0.00	0.00	(50.00)	450.00
ILHMF	9.23	0.59	0.03	(0.81)	12.42	(13.81)	24.17	(15.29)	86.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Azarga Metals 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?

Run Fundamentals Comparison Now

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC