Triple Flag Correlations
TFPM Stock | USD 24.17 0.29 1.21% |
The current 90-days correlation between Triple Flag Precious and Life360, Common Stock is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Triple Flag moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Triple Flag Precious moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Triple Flag Correlation With Market
Average diversification
The correlation between Triple Flag Precious and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Triple Flag Precious and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Triple Stock
0.71 | HL | Hecla Mining | PairCorr |
0.71 | VOXR | Vox Royalty Corp | PairCorr |
0.86 | ASM | Avino Silver Gold | PairCorr |
0.9 | BVN | Compania de Minas | PairCorr |
0.91 | MTA | Metalla Royalty Streaming | PairCorr |
0.88 | MUX | McEwen Mining | PairCorr |
0.88 | PLG | Platinum Group Metals Earnings Call This Week | PairCorr |
0.91 | GROY | Gold Royalty Corp | PairCorr |
0.82 | LODE | Comstock Mining | PairCorr |
0.7 | SLSR | Solaris Resources | PairCorr |
0.86 | B | Barrick Mining Symbol Change | PairCorr |
0.73 | X | United States Steel | PairCorr |
0.87 | AG | First Majestic Silver | PairCorr |
0.94 | AU | AngloGold Ashanti plc | PairCorr |
0.75 | CF | CF Industries Holdings | PairCorr |
0.92 | DC | Dakota Gold Corp | PairCorr |
0.8 | IE | Ivanhoe Electric | PairCorr |
0.66 | MP | MP Materials Corp | PairCorr |
0.64 | NG | NovaGold Resources | PairCorr |
0.89 | OR | Osisko Gold Ro | PairCorr |
0.72 | RS | Reliance Steel Aluminum | PairCorr |
0.94 | SA | Seabridge Gold | PairCorr |
Moving against Triple Stock
0.55 | AMR | Alpha Metallurgical | PairCorr |
0.48 | HYMCL | Hycroft Mining Holding | PairCorr |
0.37 | WLKP | Westlake Chemical | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Triple Stock performing well and Triple Flag 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 Triple Flag'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
LIF | 2.54 | 0.71 | 0.19 | 0.50 | 3.15 | 5.04 | 24.26 | |||
WB | 1.78 | 0.11 | 0.05 | 0.21 | 1.95 | 4.28 | 13.41 | |||
NTWK | 2.08 | 0.43 | 0.15 | 0.71 | 2.09 | 5.53 | 15.81 | |||
NNAVW | 3.35 | 0.55 | 0.11 | 0.48 | 4.50 | 8.06 | 20.53 | |||
DDOG | 2.02 | 0.58 | 0.25 | 0.54 | 1.87 | 5.14 | 16.37 | |||
NTSGF | 1.16 | 0.38 | 0.00 | (8.26) | 0.00 | 2.33 | 37.95 | |||
WFCF | 2.30 | 0.05 | (0.01) | 0.83 | 3.05 | 5.45 | 21.09 |
Triple Flag Corporate Management
Fraser Cunningham | Managing Ltd | Profile | |
Sheldon Vanderkooy | Chief Officer | Profile | |
Eban Bari | Chief Officer | Profile | |
MBA eng | CEO Founder | Profile | |
Caleb Crockwell | Legal Counsel | Profile |