Aura Minerals Correlations
The correlation of Aura Minerals 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 Aura Minerals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aura 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.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. Aura |
The ability to find closely correlated positions to Aura Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aura Minerals 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 Aura Minerals - 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 Aura Minerals 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aura Stock performing well and Aura Minerals 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 Aura Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CEE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ETG | 1.90 | 0.43 | 0.11 | (0.55) | 1.93 | 4.00 | 10.69 | |||
| WDO | 2.07 | 0.54 | 0.15 | (0.72) | 2.30 | 4.78 | 15.24 | |||
| ELR | 5.87 | 0.24 | 0.01 | (0.18) | 6.22 | 16.67 | 35.58 | |||
| PTM | 3.37 | 0.43 | 0.09 | 1.65 | 3.68 | 7.48 | 27.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aura Minerals 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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Aura Minerals Corporate Directors
Aura Minerals corporate directors refer to members of an Aura Minerals board of directors. The board of directors generally takes responsibility for the Aura Minerals' 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 Aura Minerals' board members must vote for the resolution. The Aura Minerals board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Juarez Avelar | Independent Director | Profile | |
| Tom Ogryzlo | Lead Independent Director | Profile | |
| William Murray | Independent Director | Profile | |
| Stephen Keith | Independent Director | Profile |
Already Invested in Aura Minerals?
The danger of trading Aura 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 Aura Minerals 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 Aura Minerals. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Aura 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Aura Minerals. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as various price indices. Note that the Aura Minerals information on this page should be used as a complementary analysis to other Aura Minerals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Aura Stock analysis
When running Aura Minerals' price analysis, check to measure Aura Minerals' 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 Aura Minerals is operating at the current time. Most of Aura Minerals' value examination focuses on studying past and present price action to predict the probability of Aura Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aura Minerals' price. Additionally, you may evaluate how the addition of Aura Minerals to your portfolios can decrease your overall portfolio volatility.
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