Mountain Boy Correlations

MTB Stock  CAD 0.14  0.01  7.69%   
The correlation of Mountain Boy is a statistical measure of how it moves in relation to other equities. 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 Mountain Boy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mountain Boy Minerals 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.
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The ability to find closely correlated positions to Mountain Boy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mountain Boy 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 Mountain Boy - 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 Mountain Boy Minerals to buy it.

Moving against Mountain Boy

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Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
CGGARIS
LUCARIS
ORVBCM
SNGBCM
CGGPPTA
ORVASM
  
High negative correlations   
SNGPPTA
CGGSNG
BCMPPTA
CGGBCM
SNGARIS
ORVPPTA

Risk-Adjusted Indicators

Nowadays, there is a big difference between Mountain Stock performing well and Mountain Boy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Mountain Boy's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
ASM 2.25  0.43  0.14 (3.05)  2.31  0.14 (3.10)  5.38 (3.77)  14.53 
PPTA 2.78  0.75  0.17  1.12  3.29  0.18 (3.05)  9.64 (4.27)  17.90 
ARIS 2.17  0.36  0.15 (3.79)  2.06  0.12 (2.67)  5.64 (3.59)  14.81 
BCM 3.23 (0.35)  0.00 (0.32)  0.00 (0.08)  0.00  5.00 (6.06)  24.76 
DIAM 4.40  0.50  0.05  0.41  4.65  0.07 (10.20)  11.11 (10.00)  52.88 
LUC 2.43  0.06  0.02  0.10  2.83  0.0186 (2.95)  5.00 (5.00)  16.38 
SNG 3.80 (0.11)  0.00  0.19  0.00 (0.0202)  0.00  8.33 (12.50)  28.57 
CGG 1.98  0.38  0.12 (5.65)  2.58  0.14 (2.19)  4.59 (4.30)  16.18 
ORV 3.02  0.17  0.03 (0.18)  3.37  0.034 (6.40)  9.52 (5.56)  21.11 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mountain Boy 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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Fundamental Analysis

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Mountain Boy Corporate Directors

Mountain Boy corporate directors refer to members of a Mountain Boy board of directors. The board of directors generally takes responsibility for the Mountain Boy'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 Mountain Boy's board members must vote for the resolution. The Mountain Boy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ron CannanDirectorProfile
Randolph KasumCFO, Secretary, Director and Member of Audit CommitteeProfile
Lance RobinsonIndependent DirectorProfile
Rene BernardDirectorProfile

Already Invested in Mountain Boy Minerals?

The danger of trading Mountain Boy Minerals 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 Mountain Boy 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 Mountain Boy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Mountain Boy Minerals 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.
Check out Correlation Analysis. You can also try Focused Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.

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When running Mountain Boy Minerals price analysis, check to measure Mountain Boy'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 Mountain Boy is operating at the current time. Most of Mountain Boy's value examination focuses on studying past and present price action to predict the probability of Mountain Boy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Mountain Boy's price. Additionally, you may evaluate how the addition of Mountain Boy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Mountain Boy's value and its price as these two are different measures arrived at by different means. Investors typically determine Mountain Boy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mountain Boy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.