Americas Silver Correlations

USAS Stock

USD 0.44 0.07 18.92%

The current 90-days correlation between Americas Silver Corp and Western Copper and is 0.16 (i.e., Average 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

Average diversification

The correlation between Americas Silver Corp and DJI is 0.18 (i.e., Average 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.

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

0.72	SKE	Skeena Resources	Pair Corr
0.67	SLI	Standard Lithium	Pair Corr
0.64	WWR	Westwater Resources	Pair Corr

Moving against Americas Stock

0.5	BYU	BAIYU Holdings	Pair Corr
0.44	LZM	Lifezone Metals	Pair Corr
0.41	WRN	Western Copper	Pair Corr
0.33	GTI	Graphjet Technology Symbol Change	Pair Corr
0.62	ERLFF	Entree Resources	Pair Corr
0.4	KNBWY	Kirin Holdings	Pair Corr
0.39	CRMLW	Critical Metals Corp	Pair Corr
0.34	TMCWW	TMC the metals	Pair Corr
0.33	FMSTW	Foremost Lithium Resource	Pair Corr

Related Correlations Analysis

	VZLA	WRN	GLG	EMX	AFMJF	IVPAF	FURY	NKGFF	AAGFF	NTCPF
VZLA		0.23	0.2	0.93	0.38	0.5	0.87	0.63	0.78	0.49	VZLA
WRN	0.23		0.71	0.41	0.21	0.55	0.43	0.64	0.24	0.54	WRN
GLG	0.2	0.71		0.3	0.05	0.65	0.47	0.66	0.04	0.7	GLG
EMX	0.93	0.41	0.3		0.39	0.51	0.89	0.7	0.8	0.5	EMX
AFMJF	0.38	0.21	0.05	0.39		0.27	0.37	0.43	0.44	0.22	AFMJF
IVPAF	0.5	0.55	0.65	0.51	0.27		0.6	0.66	0.34	0.67	IVPAF
FURY	0.87	0.43	0.47	0.89	0.37	0.6		0.7	0.79	0.58	FURY
NKGFF	0.63	0.64	0.66	0.7	0.43	0.66	0.7		0.46	0.67	NKGFF
AAGFF	0.78	0.24	0.04	0.8	0.44	0.34	0.79	0.46		0.26	AAGFF
NTCPF	0.49	0.54	0.7	0.5	0.22	0.67	0.58	0.67	0.26		NTCPF
	VZLA	WRN	GLG	EMX	AFMJF	IVPAF	FURY	NKGFF	AAGFF	NTCPF

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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	2.80	(0.12)	0.00	(0.19)	0.00	0.00	5.20	(4.39)	14.84
WRN	1.81	(0.28)	0.00	(0.32)	0.00	0.00	2.73	(5.26)	20.61
GLG	2.93	(0.72)	0.00	(0.82)	0.00	0.00	6.67	(8.20)	19.27
EMX	1.49	(0.15)	0.00	(0.95)	0.00	0.00	3.35	(2.99)	10.84
AFMJF	2.04	0.05	0.02	0.13	2.17	(2.73)	4.82	(3.80)	13.06
IVPAF	2.25	(0.22)	0.00	(0.31)	0.00	0.00	4.42	(5.02)	14.96
FURY	2.95	(0.21)	0.00	(0.63)	0.00	0.00	5.00	(5.13)	17.52
NKGFF	4.68	(0.43)	0.00	0.35	0.00	0.00	13.64	(11.11)	32.47
AAGFF	4.32	(0.12)	0.00	(0.39)	0.00	0.00	9.38	(8.57)	23.61
NTCPF	3.94	(0.21)	0.00	0.39	0.00	0.00	7.14	(6.25)	37.22

Americas Silver Corporate Management

Niel PGeo	Director Geology	Profile
Stefan Axell	Vice Communications	Profile
BS Esq	Sr Officer	Profile
James Geol	Vice Exploration	Profile
Warren CFA	Chief Officer	Profile
Daren PEng	Chief Officer	Profile

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