Americas Silver Correlations

USAS Stock

USD 0.78 0.06 7.14%

The current 90-days correlation between Americas Silver Corp and Vizsla Resources Corp is 0.62 (i.e., Poor diversification). The correlation of Americas Silver 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.

Americas Silver Correlation With Market

Weak diversification

The correlation between Americas Silver Corp and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Americas Silver Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Americas Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Americas Silver Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Americas Stock

0.62	MP	MP Materials Corp	Pair Corr
0.64	NB	NioCorp Developments	Pair Corr
0.9	VZLA	Vizsla Resources Corp	Pair Corr
0.79	FMST	Foremost Lithium Resource	Pair Corr
0.7	CMP	Compass Minerals Int	Pair Corr
0.9	EMX	EMX Royalty Corp	Pair Corr
0.89	FURY	Fury Gold Mines	Pair Corr
0.92	IPX	IperionX Limited American	Pair Corr
0.79	NAK	Northern Dynasty Minerals	Pair Corr
0.77	NVA	Nova Minerals Limited	Pair Corr
0.94	SKE	Skeena Resources	Pair Corr
0.82	SLI	Standard Lithium	Pair Corr
0.8	TMC	TMC the metals Downward Rally	Pair Corr
0.79	WRN	Western Copper	Pair Corr
0.76	XPL	Solitario Exploration	Pair Corr
0.62	NVAWW	Nova Minerals Limited	Pair Corr
0.8	TMCWW	TMC the metals	Pair Corr
0.84	USARW	USA Rare Earth, Symbol Change	Pair Corr

Moving against Americas Stock

0.61	GRO	Brazil Potash Corp	Pair Corr
0.5	LGO	Largo Resources	Pair Corr
0.34	GTI	Graphjet Technology	Pair Corr
0.76	NEXA	Nexa Resources SA	Pair Corr
0.68	IONR	ioneer American	Pair Corr
0.68	SGML	Sigma Lithium Resources	Pair Corr
0.58	LITM	Snow Lake Resources	Pair Corr
0.34	USGOW	US GoldMining Warrant	Pair Corr

Related Correlations Analysis

	VZLA	WRN	GLG	EMX	AFMJF	IVPAF	FURY	NKGFF	AAGFF	NTCPF
VZLA		0.77	0.0	0.83	0.32	-0.5	0.89	-0.87	0.94	0.91	VZLA
WRN	0.77		0.0	0.71	0.17	-0.33	0.73	-0.69	0.72	0.73	WRN
GLG	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GLG
EMX	0.83	0.71	0.0		0.59	-0.46	0.77	-0.79	0.82	0.78	EMX
AFMJF	0.32	0.17	0.0	0.59		-0.05	0.14	-0.29	0.23	0.19	AFMJF
IVPAF	-0.5	-0.33	0.0	-0.46	-0.05		-0.63	0.6	-0.56	-0.65	IVPAF
FURY	0.89	0.73	0.0	0.77	0.14	-0.63		-0.9	0.93	0.96	FURY
NKGFF	-0.87	-0.69	0.0	-0.79	-0.29	0.6	-0.9		-0.87	-0.95	NKGFF
AAGFF	0.94	0.72	0.0	0.82	0.23	-0.56	0.93	-0.87		0.92	AAGFF
NTCPF	0.91	0.73	0.0	0.78	0.19	-0.65	0.96	-0.95	0.92		NTCPF
	VZLA	WRN	GLG	EMX	AFMJF	IVPAF	FURY	NKGFF	AAGFF	NTCPF

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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

NTCPF	+ 0.96	FURY
AAGFF	+ 0.94	VZLA
AAGFF	+ 0.93	FURY
NTCPF	+ 0.92	AAGFF
NTCPF	+ 0.91	VZLA
FURY	+ 0.89	VZLA

High negative correlations

NTCPF	- 0.95	NKGFF
NKGFF	- 0.9	FURY
AAGFF	- 0.87	NKGFF
NKGFF	- 0.87	VZLA
NKGFF	- 0.79	EMX
NKGFF	- 0.69	WRN

Risk-Adjusted Indicators

There is a big difference between Americas Stock performing well and Americas Silver 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 Americas Silver'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
VZLA	3.38	0.44	0.11	0.45	3.74	(3.75)	7.27	(5.06)	22.55
WRN	3.11	0.20	0.04	(0.82)	3.54	(3.87)	7.55	(6.14)	17.38
GLG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EMX	2.05	0.44	0.17	1.88	2.16	(2.34)	4.55	(3.90)	12.08
AFMJF	3.65	1.01	0.29	1.34	2.62	(5.51)	11.29	(4.84)	31.64
IVPAF	3.97	(0.40)	0.00	(0.20)	0.00	0.00	8.39	(9.42)	28.69
FURY	2.45	0.39	0.11	2.67	1.99	(4.89)	6.12	(3.77)	22.79
NKGFF	4.22	(0.68)	0.00	(1.49)	0.00	0.00	10.00	(9.09)	31.76
AAGFF	4.95	0.63	0.11	0.56	4.69	(6.73)	13.51	(8.33)	26.13
NTCPF	3.04	0.68	0.19	(3.11)	2.41	(5.05)	9.41	(4.30)	23.09

Americas Silver Corporate Management

Niel PGeo	Director Geology	Profile
Stefan Axell	Vice Communications	Profile
Warren Varga	Chief Officer	Profile
Dennis Wilson	Safety, Health	Profile

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