Perseus Mining Correlations

P4Q Stock

EUR 1.50 0.03 1.96%

The current 90-days correlation between Perseus Mining and ORMAT TECHNOLOGIES is 0.17 (i.e., Average diversification). The correlation of Perseus Mining 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.

Perseus Mining Correlation With Market

Significant diversification

The correlation between Perseus Mining Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Perseus Mining Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Perseus 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 Perseus 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 Perseus 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 Perseus Mining Limited to buy it.

Moving together with Perseus Stock

0.71	FJZB	ZIJIN MINH UNSPADR20	Pair Corr
0.85	3FO	Franco Nevada	Pair Corr
0.83	AE9	Agnico Eagle Mines	Pair Corr
0.86	SII	Wheaton Precious Metals	Pair Corr
0.64	E908	Lyxor 1	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Perseus Stock

0.8	DBPD	Xtrackers ShortDAX	Pair Corr
0.7	TG4	Oxurion NV	Pair Corr

Related Correlations Analysis

	762	HNM	HCM	NUF	DFA1	AY5	22UA	NS9B
762		0.8	-0.4	-0.26	0.84	0.54	0.62	0.81	762
HNM	0.8		-0.58	-0.15	0.89	0.21	0.47	0.79	HNM
HCM	-0.4	-0.58		0.38	-0.51	0.24	-0.08	-0.4	HCM
NUF	-0.26	-0.15	0.38		-0.13	-0.06	-0.26	-0.34	NUF
DFA1	0.84	0.89	-0.51	-0.13		0.35	0.56	0.84	DFA1
AY5	0.54	0.21	0.24	-0.06	0.35		0.69	0.39	AY5
22UA	0.62	0.47	-0.08	-0.26	0.56	0.69		0.66	22UA
NS9B	0.81	0.79	-0.4	-0.34	0.84	0.39	0.66		NS9B
	762	HNM	HCM	NUF	DFA1	AY5	22UA	NS9B

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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

DFA1	+ 0.89	HNM
DFA1	+ 0.84	762
NS9B	+ 0.84	DFA1
NS9B	+ 0.81	762
HNM	+ 0.8	762
NS9B	+ 0.79	HNM

High negative correlations

HCM	- 0.58	HNM
DFA1	- 0.51	HCM
NS9B	- 0.4	HCM
HCM	- 0.4	762
NS9B	- 0.34	NUF
22UA	- 0.26	NUF

Risk-Adjusted Indicators

There is a big difference between Perseus Stock performing well and Perseus 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 Perseus 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
762	2.59	0.48	0.12	(0.72)	2.21	(3.73)	5.78	(4.10)	16.21
HNM	0.98	0.16	0.08	0.50	1.10	(1.12)	2.45	(2.26)	6.66
HCM	1.64	(0.14)	0.00	(0.20)	0.00	0.00	2.94	(4.59)	8.68
NUF	1.27	(0.01)	(0.05)	0.03	1.48	(1.76)	2.70	(2.63)	7.94
DFA1	1.55	0.43	0.27	4.46	0.80	(2.49)	4.43	(1.79)	12.91
AY5	0.81	0.03	(0.03)	0.28	0.90	(1.64)	2.38	(2.33)	6.11
22UA	2.25	0.32	0.09	0.60	2.57	(2.67)	7.15	(3.67)	23.36
NS9B	1.87	0.22	0.04	(4.22)	2.41	(2.09)	3.70	(4.05)	12.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Perseus 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.

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Perseus Mining Corporate Management

Elected by the shareholders, the Perseus Mining's board of directors comprises two types of representatives: Perseus Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Perseus. The board's role is to monitor Perseus Mining's management team and ensure that shareholders' interests are well served. Perseus 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, Perseus Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.

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Christopher Woodall	Chief Officer	Profile

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