Kinross Gold Correlations
KGC Stock | USD 14.84 0.05 0.34% |
The current 90-days correlation between Kinross Gold and Pan American Silver is 0.81 (i.e., Very poor 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
Modest diversification
The correlation between Kinross Gold and DJI is 0.22 (i.e., Modest 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.
Moving together with Kinross Stock
0.95 | EGO | Eldorado Gold Corp | PairCorr |
0.72 | IDR | Idaho Strategic Resources | PairCorr |
0.95 | SAND | Sandstorm Gold | PairCorr |
0.82 | CTGO | Contango ORE | PairCorr |
0.98 | AU | AngloGold Ashanti plc | PairCorr |
0.74 | NB | NioCorp Developments | PairCorr |
0.75 | NC | NACCO Industries | PairCorr |
0.96 | OR | Osisko Gold Ro | PairCorr |
0.69 | SA | Seabridge Gold | PairCorr |
Moving against Kinross Stock
0.83 | DOW | Dow Inc | PairCorr |
0.77 | OLN | Olin | PairCorr |
0.76 | AA | Alcoa Corp | PairCorr |
0.37 | VHI | Valhi Inc | PairCorr |
0.36 | ZEUS | Olympic Steel | PairCorr |
0.76 | CC | Chemours Downward Rally | PairCorr |
0.73 | DD | Dupont De Nemours | PairCorr |
0.73 | FF | FutureFuel Corp | PairCorr |
0.49 | CE | Celanese | PairCorr |
0.35 | DC | Dakota Gold Corp | PairCorr |
0.34 | EU | enCore Energy Corp | PairCorr |
0.8 | ELBM | Electra Battery Materials | PairCorr |
0.79 | HYMCW | Hycroft Mining Holding | PairCorr |
0.76 | NX | Quanex Building Products Earnings Call This Week | PairCorr |
0.6 | ENFY | Enlightify Symbol Change | PairCorr |
0.51 | OC | Owens Corning | PairCorr |
0.43 | WDFC | WD 40 Company | PairCorr |
Related Correlations Analysis
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PAAS | 2.50 | 0.10 | 0.03 | 0.08 | 4.18 | 5.01 | 28.48 | |||
NEM | 1.94 | 0.00 | 0.12 | 0.00 | 2.32 | 4.63 | 14.34 | |||
WPM | 1.76 | 0.38 | 0.15 | 1.27 | 2.49 | 4.01 | 13.67 | |||
FNV | 1.46 | 0.31 | 0.13 | (10.86) | 2.11 | 2.58 | 11.81 | |||
AEM | 1.84 | 0.33 | 0.13 | 1.83 | 2.67 | 4.23 | 14.92 | |||
GFI | 2.78 | 0.34 | 0.10 | (16.07) | 3.67 | 4.96 | 19.05 | |||
AU | 2.84 | 0.60 | 0.16 | 1.54 | 3.50 | 6.67 | 20.50 | |||
HMY | 3.16 | 0.53 | 0.13 | 1.41 | 3.96 | 9.10 | 23.81 | |||
EGO | 2.28 | 0.63 | 0.22 | (11.07) | 2.50 | 5.60 | 18.49 |