McEwen Mining Correlations
| MUX Stock | CAD 15.83 0.36 2.33% |
The current 90-days correlation between McEwen Mining and Endeavour Silver Corp is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as McEwen Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if McEwen Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
McEwen Mining Correlation With Market
Significant diversification
The correlation between McEwen Mining and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding McEwen Mining and DJI in the same portfolio, assuming nothing else is changed.
McEwen |
The ability to find closely correlated positions to McEwen Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace McEwen Mining 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 McEwen Mining - 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 McEwen Mining to buy it.
Moving together with McEwen Stock
| 0.92 | AG | First Majestic Silver | PairCorr |
| 0.91 | IE | Ivanhoe Energy | PairCorr |
| 0.8 | FDY | Faraday Copper Corp | PairCorr |
| 0.83 | JPM | JPMorgan Chase | PairCorr |
| 0.81 | GOOG | Alphabet CDR | PairCorr |
| 0.77 | BOFA | Bank of America | PairCorr |
| 0.88 | CITI | CITIGROUP CDR | PairCorr |
| 0.77 | MSFT | Microsoft Corp CDR Earnings Call This Week | PairCorr |
| 0.78 | AMZN | Amazon CDR | PairCorr |
| 0.8 | GS | GOLDMAN SACHS CDR | PairCorr |
| 0.73 | IBM | International Business Earnings Call Today | PairCorr |
| 0.95 | AUAU | Allegiant Gold Split | PairCorr |
| 0.82 | RKV | Rakovina Therapeutics Split | PairCorr |
| 0.74 | MXG | Maxim Power Corp | PairCorr |
Moving against McEwen Stock
| 0.87 | BRK | Berkshire Hathaway CDR | PairCorr |
| 0.8 | FDR | Flinders Resources Earnings Call Tomorrow | PairCorr |
| 0.35 | PGDC | Patagonia Gold Corp | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between McEwen Stock performing well and McEwen 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 McEwen 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EDR | 2.88 | 0.81 | 0.18 | (0.94) | 2.44 | 7.80 | 18.58 | |||
| MAG | 1.56 | 0.47 | 0.22 | 1.40 | 1.21 | 5.16 | 9.60 | |||
| SSL | 1.56 | 0.23 | 0.04 | 2.73 | 1.78 | 3.56 | 10.32 | |||
| NGD | 2.25 | 0.47 | 0.11 | (4.05) | 2.28 | 4.06 | 27.94 | |||
| OR | 1.52 | 0.32 | 0.08 | 2.46 | 1.90 | 4.12 | 10.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in McEwen Mining 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?
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McEwen Mining Corporate Management
Elected by the shareholders, the McEwen Mining's board of directors comprises two types of representatives: McEwen Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of McEwen. The board's role is to monitor McEwen Mining's management team and ensure that shareholders' interests are well served. McEwen 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, McEwen Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael Meding | Vice Inc | Profile | |
| Sean Farrell | Executive Officer | Profile | |
| Kenneth PGeo | Exploration Manager | Profile | |
| Mihaela Iancu | Head Relations | Profile | |
| Stefan BSc | Vice Development | Profile | |
| Stephen PGeo | Ex Exploration | Profile |