Peel Mining Correlations
| W5E Stock | EUR 0.07 0.0005 0.70% |
The current 90-days correlation between Peel Mining Limited and PennantPark Investment is -0.02 (i.e., Good diversification). The correlation of Peel Mining 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.
Peel Mining Correlation With Market
Significant diversification
The correlation between Peel Mining Limited and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peel Mining Limited and DJI in the same portfolio, assuming nothing else is changed.
Peel |
The ability to find closely correlated positions to Peel Mining could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Peel Mining 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 Peel Mining - 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 Peel Mining Limited to buy it.
Moving together with Peel Stock
| 0.8 | NE0 | NEXA RESOURCES SA | PairCorr |
| 0.77 | 5LA1 | American Lithium Corp | PairCorr |
| 0.87 | 3FN | Adriatic Metals Plc | PairCorr |
| 0.8 | 3FNA | ADRIATIC METALS LS | PairCorr |
| 0.75 | C6TB | CHINA BANK ADR20 | PairCorr |
| 0.66 | ICK | Industrial and Commercial | PairCorr |
| 0.63 | ICKB | INDCOMMBK CHINA ADR20 | PairCorr |
Moving against Peel Stock
| 0.71 | SSU | Samsung Electronics | PairCorr |
| 0.64 | PKX | POSCO Holdings | PairCorr |
| 0.55 | LGLG | LG Electronics | PairCorr |
| 0.48 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
| -0.8 | -0.51 | 0.49 | 0.82 | 0.79 | 12P | ||
| -0.8 | 0.3 | -0.38 | -0.92 | -0.91 | LNSX | ||
| -0.51 | 0.3 | 0.04 | -0.34 | -0.22 | LLC | ||
| 0.49 | -0.38 | 0.04 | 0.51 | 0.49 | 8PM | ||
| 0.82 | -0.92 | -0.34 | 0.51 | 0.92 | SI3 | ||
| 0.79 | -0.91 | -0.22 | 0.49 | 0.92 | 1WT | ||
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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 Peel Stock performing well and Peel Mining 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 Peel Mining'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 12P | 1.14 | 0.03 | 0.01 | 0.14 | 1.38 | 2.80 | 10.56 | |||
| LNSX | 1.00 | (0.13) | 0.00 | 0.63 | 0.00 | 2.02 | 8.47 | |||
| LLC | 1.23 | (0.08) | 0.00 | (0.29) | 0.00 | 2.70 | 6.09 | |||
| 8PM | 0.66 | 0.04 | (0.02) | 0.21 | 0.74 | 1.59 | 4.01 | |||
| SI3 | 0.81 | 0.46 | 0.00 | 3.22 | 0.00 | 2.50 | 9.68 | |||
| 1WT | 1.95 | 0.42 | 0.12 | 10.99 | 2.31 | 5.41 | 14.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Peel Mining 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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Peel Mining Corporate Management
Elected by the shareholders, the Peel Mining's board of directors comprises two types of representatives: Peel Mining inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Peel. The board's role is to monitor Peel Mining's management team and ensure that shareholders' interests are well served. Peel Mining's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Peel Mining's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryan Woodhouse | Financial Controller, Company Secretary | Profile | |
| Ryan CA | CFO Sec | Profile | |
| Steve Leggett | Operations Mang | Profile | |
| James Simpson | Executive Officer | Profile |