Timberline Resources Correlations
| TLRSDelisted Stock | USD 0.06 0.01 20.00% |
The current 90-days correlation between Timberline Resources and GAMCO Global Gold is 0.12 (i.e., Average diversification). The correlation of Timberline 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.
Timberline Resources Correlation With Market
Very good diversification
The correlation between Timberline Resources and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Timberline Resources and DJI in the same portfolio, assuming nothing else is changed.
Timberline |
The ability to find closely correlated positions to Timberline 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 Timberline 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 Timberline 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 Timberline Resources to buy it.
Moving together with Timberline OTC Stock
| 0.62 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.62 | MAPSW | WM Technology | PairCorr |
| 0.79 | GOEVW | Canoo Holdings | PairCorr |
| 0.62 | SHG | Shinhan Financial | PairCorr |
| 0.67 | BCH | Banco De Chile | PairCorr |
| 0.74 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.7 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.82 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against Timberline OTC Stock
| 0.89 | PCTTW | PureCycle Technologies | PairCorr |
| 0.76 | ATCOL | Atlas Corp | PairCorr |
| 0.63 | ASTSW | AST SpaceMobile | PairCorr |
| 0.53 | FNMFO | Federal National Mortgage | PairCorr |
| 0.51 | ITCL | Banco Ita Chile | PairCorr |
| 0.44 | GCMGW | GCM Grosvenor | PairCorr |
| 0.44 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.38 | KB | KB Financial Group | PairCorr |
| 0.35 | BAC-PL | Bank of America | PairCorr |
| 0.87 | WMT | Walmart Earnings Call Tomorrow | PairCorr |
| 0.83 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | T | ATT Inc Aggressive Push | PairCorr |
| 0.77 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.69 | HPQ | HP Inc Earnings Call Tomorrow | PairCorr |
| 0.69 | HD | Home Depot | PairCorr |
| 0.62 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.47 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.45 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.43 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.4 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.13 | -0.14 | 0.32 | -0.11 | 0.25 | 0.22 | GGN-PB | ||
| 0.13 | 0.53 | 0.67 | 0.12 | 0.5 | 0.74 | CC | ||
| -0.14 | 0.53 | 0.66 | 0.58 | 0.71 | 0.73 | CDXS | ||
| 0.32 | 0.67 | 0.66 | 0.45 | 0.72 | 0.91 | SXT | ||
| -0.11 | 0.12 | 0.58 | 0.45 | 0.32 | 0.56 | FDUS | ||
| 0.25 | 0.5 | 0.71 | 0.72 | 0.32 | 0.69 | NL | ||
| 0.22 | 0.74 | 0.73 | 0.91 | 0.56 | 0.69 | AVNT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Timberline OTC Stock performing well and Timberline Resources OTC Stock 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 Timberline 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGN-PB | 0.69 | 0.06 | (0.05) | (0.17) | 0.92 | 1.70 | 5.73 | |||
| CC | 2.19 | (0.07) | (0.01) | 0.05 | 2.22 | 4.67 | 18.86 | |||
| CDXS | 3.06 | 0.34 | 0.14 | 0.25 | 2.93 | 9.28 | 18.89 | |||
| SXT | 1.09 | (0.06) | 0.00 | 0.06 | 1.28 | 2.28 | 8.84 | |||
| FDUS | 0.51 | 0.04 | (0.03) | 0.21 | 0.52 | 1.20 | 3.12 | |||
| NL | 2.07 | 0.20 | 0.10 | 0.19 | 2.77 | 4.35 | 16.96 | |||
| AVNT | 1.35 | (0.01) | 0.03 | 0.09 | 1.46 | 3.08 | 7.92 |
Timberline Resources Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Timberline Resources otc stock to make a market-neutral strategy. Peer analysis of Timberline Resources could also be used in its relative valuation, which is a method of valuing Timberline Resources by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Timberline Resources?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.