Excellon Resources Correlations

EXN Stock  CAD 0.1  0.01  13.64%   
The current 90-days correlation between Excellon Resources and Clean Air Metals is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Excellon Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Excellon Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Excellon Resources Correlation With Market

Good diversification

The correlation between Excellon Resources and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Excellon Resources and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Excellon 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 Excellon 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 Excellon 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 Excellon Resources to buy it.

Related Correlations Analysis

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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   
EDGFFINC
XHBFINC
XHBAIR
FINCAIR
ALA-PATLG
0P0000OXA6FINC
  
High negative correlations   
ZUAG-UPGE
0P0000OXA6TLG
FINCTLG
XHBTLG
ALA-PA0P0000OXA6
ALA-PAAIR

Risk-Adjusted Indicators

There is a big difference between Excellon Stock performing well and Excellon Resources 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 Excellon 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
AIR  8.04  1.42  0.12  9.75  7.34 
 16.67 
 90.18 
PGE  4.86  0.70  0.07  1.29  4.82 
 11.11 
 39.10 
TLG  2.52 (0.63) 0.00 (0.55) 0.00 
 5.00 
 15.93 
FINC  0.17  0.05  0.00  5.93  0.00 
 0.38 
 4.00 
ZUAG-U  0.14 (0.02) 0.00  0.84  0.00 
 0.42 
 2.35 
XHB  0.20  0.03 (0.58)(1.64) 0.00 
 0.47 
 0.97 
EDGF  0.78  0.06 (0.04) 0.50  1.03 
 2.15 
 5.46 
SOLR  5.89  0.29  0.00 (0.06) 7.98 
 25.00 
 45.00 
0P0000OXA6  0.55  0.19  0.07  1.92  0.33 
 1.27 
 3.72 
ALA-PA  0.46 (0.04) 0.00  0.43  0.00 
 0.92 
 3.35 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Excellon Resources 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.

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Excellon Resources Corporate Management

Elected by the shareholders, the Excellon Resources' board of directors comprises two types of representatives: Excellon Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Excellon. The board's role is to monitor Excellon Resources' management team and ensure that shareholders' interests are well served. Excellon Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Excellon Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald MarinoCo ControllerProfile
BSc BScDirector CEOProfile
Paul EngChief OfficerProfile
Jorge OrtegaVP ExplorationProfile
MBA LLBChief AffairsProfile
Marty DregischanTechnical ConsultantProfile