Sable Resources Correlations
| SAE Stock | CAD 0.04 0.01 14.29% |
The current 90-days correlation between Sable Resources and Pacific Ridge Exploration is 0.02 (i.e., Significant diversification). The correlation of Sable Resources 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sable Resources Correlation With Market
Good diversification
The correlation between Sable Resources and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sable Resources and DJI in the same portfolio, assuming nothing else is changed.
Sable |
The ability to find closely correlated positions to Sable Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sable Resources 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 Sable Resources - 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 Sable Resources to buy it.
Moving together with Sable Stock
| 0.62 | ORE | Orezone Gold Corp Earnings Call Tomorrow | PairCorr |
| 0.68 | FNV | Franco Nevada Earnings Call Today | PairCorr |
| 0.62 | BB | BlackBerry | PairCorr |
| 0.71 | YGT | Gold Terra Resource | PairCorr |
Moving against Sable Stock
| 0.61 | TRI | Thomson Reuters Corp Earnings Call Tomorrow | PairCorr |
| 0.51 | CSU | Constellation Software Earnings Call This Week | PairCorr |
| 0.48 | WCN | Waste Connections | PairCorr |
| 0.47 | AML | Argus Metals Corp | PairCorr |
| 0.47 | WSP | WSP Global Earnings Call This Week | PairCorr |
| 0.39 | IFC | Intact Financial Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Sable Stock performing well and Sable Resources 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 Sable Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PEX | 5.78 | 0.39 | 0.02 | (0.32) | 5.62 | 17.39 | 37.45 | |||
| SNG | 4.93 | 0.30 | 0.01 | (0.43) | 5.35 | 14.29 | 30.95 | |||
| CAM | 4.04 | 0.59 | 0.07 | 1.00 | 4.00 | 11.11 | 35.00 | |||
| NOB | 5.23 | 0.93 | 0.04 | (21.06) | 6.00 | 25.00 | 45.00 | |||
| AUMN | 5.78 | 1.12 | 0.09 | (0.22) | 6.45 | 10.91 | 40.15 | |||
| LIT | 6.34 | 1.50 | 0.10 | (0.41) | 5.70 | 16.67 | 41.03 | |||
| SNAG | 6.27 | 0.45 | 0.05 | 1.44 | 6.12 | 17.39 | 43.59 | |||
| RRI | 3.54 | 0.24 | 0.04 | 0.33 | 3.74 | 6.25 | 23.70 | |||
| OMM | 3.11 | 0.19 | (0.01) | 0.00 | 4.02 | 9.09 | 19.09 | |||
| PRG | 3.83 | 1.16 | 0.09 | (2.76) | 3.51 | 11.11 | 38.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sable Resources 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Sable Resources Corporate Management
Elected by the shareholders, the Sable Resources' board of directors comprises two types of representatives: Sable Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sable. The board's role is to monitor Sable Resources' management team and ensure that shareholders' interests are well served. Sable Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sable Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Terence PGeo | VP Director | Profile | |
| Charlotte May | Company Secretary | Profile | |
| Kelso Cartwright | Chief Officer | Profile | |
| Luis Arteaga | Vice Exploration | Profile | |
| Morten Riset | Consultant | Profile |