Kinross Gold Correlations

KGC Stock

USD 15.33 0.10 0.65%

The current 90-days correlation between Kinross Gold and Galiano Gold is 0.5 (i.e., Very weak diversification). The correlation of Kinross Gold 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.

Kinross Gold Correlation With Market

Very good diversification

The correlation between Kinross Gold and DJI is -0.37 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinross Gold and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kinross Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinross Gold. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

For information on how to trade Kinross Stock refer to our How to Trade Kinross Stock guide.

Moving together with Kinross Stock

0.9	B	Barrick Mining Earnings Call This Week	Pair Corr
0.89	EGO	Eldorado Gold Corp	Pair Corr
0.63	AUST	Austin Gold Corp	Pair Corr
0.81	AG	First Majestic Silver	Pair Corr
0.88	AU	AngloGold Ashanti plc	Pair Corr
0.75	DC	Dakota Gold Corp	Pair Corr
0.66	EU	enCore Energy Corp	Pair Corr
0.63	IE	Ivanhoe Electric	Pair Corr

Moving against Kinross Stock

0.65	SID	Companhia Siderurgica	Pair Corr
0.42	BAK	Braskem SA Class	Pair Corr

Related Correlations Analysis

	GAU	GORO	MUX	PZG	THM	VGZ
GAU		0.04	-0.14	-0.09	0.25	0.1	GAU
GORO	0.04		0.52	0.73	0.64	0.3	GORO
MUX	-0.14	0.52		0.9	0.8	-0.07	MUX
PZG	-0.09	0.73	0.9		0.86	0.21	PZG
THM	0.25	0.64	0.8	0.86		0.2	THM
VGZ	0.1	0.3	-0.07	0.21	0.2		VGZ
	GAU	GORO	MUX	PZG	THM	VGZ

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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

PZG	+ 0.9	MUX
THM	+ 0.86	PZG
THM	+ 0.8	MUX
PZG	+ 0.73	GORO
THM	+ 0.64	GORO
MUX	+ 0.52	GORO

High negative correlations

MUX	- 0.14	GAU
PZG	- 0.09	GAU
VGZ	- 0.07	MUX

Risk-Adjusted Indicators

There is a big difference between Kinross Stock performing well and Kinross Gold 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 Kinross Gold'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
GAU	3.33	0.29	(0.01)	(0.05)	3.56	(4.66)	7.46	(5.73)	35.63
GORO	5.12	0.49	0.10	0.80	4.21	(7.36)	16.98	(6.56)	45.77
MUX	2.25	0.53	0.13	(1.38)	2.32	(2.40)	5.88	(4.33)	20.09
PZG	3.07	0.89	0.20	(13.87)	2.50	(4.79)	7.69	(4.84)	17.22
THM	4.10	0.88	0.16	(1.80)	3.70	(5.35)	11.59	(6.33)	34.58
VGZ	3.15	0.39	0.04	(0.67)	3.97	(3.92)	7.95	(5.74)	31.71

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