Alamos Gold Correlations
| AGI Stock | CAD 20.23 0.83 3.94% |
The correlation of Alamos Gold 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alamos Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alamos Gold moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Alamos Gold and NYA is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alamos Gold and NYA in the same portfolio, assuming nothing else is changed.
Alamos |
The ability to find closely correlated positions to Alamos Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alamos Gold 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 Alamos Gold - 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 Alamos Gold to buy it.
Moving together with Alamos Stock
Moving against Alamos Stock
Related Correlations Analysis
| 0.08 | 0.05 | 0.0 | -0.04 | 0.31 | 0.04 | CAI | ||
| 0.08 | 0.45 | 0.0 | 0.7 | -0.5 | -0.1 | COST | ||
| 0.05 | 0.45 | 0.0 | 0.56 | -0.05 | -0.08 | AI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ENEV | ||
| -0.04 | 0.7 | 0.56 | 0.0 | -0.39 | -0.25 | CAF | ||
| 0.31 | -0.5 | -0.05 | 0.0 | -0.39 | 0.1 | EP | ||
| 0.04 | -0.1 | -0.08 | 0.0 | -0.25 | 0.1 | PMZ-UN | ||
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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 Alamos Stock performing well and Alamos Gold 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 Alamos Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAI | 0.75 | (0.36) | 0.00 | 1.18 | 0.00 | 0.00 | 0.00 | |||
| COST | 0.82 | (0.01) | (0.02) | 0.06 | 1.47 | 1.50 | 9.26 | |||
| AI | 0.79 | 0.01 | 0.00 | 0.08 | 0.95 | 1.69 | 4.27 | |||
| ENEV | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CAF | 2.18 | 0.41 | 0.07 | 0.76 | 2.12 | 5.88 | 27.69 | |||
| EP | 0.75 | (0.20) | 0.00 | (0.44) | 0.00 | 0.00 | 14.29 | |||
| PMZ-UN | 1.00 | (0.08) | (0.07) | (0.01) | 1.18 | 2.08 | 5.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alamos Gold 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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Alamos Gold Corporate Directors
Alamos Gold corporate directors refer to members of an Alamos Gold board of directors. The board of directors generally takes responsibility for the Alamos Gold's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Alamos Gold's board members must vote for the resolution. The Alamos Gold board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mark Daniel | Independent Director | Profile | |
| David Fleck | Independent Director | Profile | |
| Ronald Smith | Independent Director | Profile | |
| Claire Kennedy | Independent Director | Profile |
Already Invested in Alamos Gold?
The danger of trading Alamos Gold is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Alamos Gold is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Alamos Gold. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Alamos Gold is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Alamos Gold offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Alamos Gold's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Alamos Gold Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Alamos Gold Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alamos Gold. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Alamos Stock, please use our How to Invest in Alamos Gold guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Alamos Stock analysis
When running Alamos Gold's price analysis, check to measure Alamos Gold's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alamos Gold is operating at the current time. Most of Alamos Gold's value examination focuses on studying past and present price action to predict the probability of Alamos Gold's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alamos Gold's price. Additionally, you may evaluate how the addition of Alamos Gold to your portfolios can decrease your overall portfolio volatility.
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