Coeur Mining Correlations
| CDE Stock | USD 5.19 0.10 1.89% |
The correlation of Coeur 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coeur Mining moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coeur Mining 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 Coeur Mining and NYA is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coeur Mining and NYA in the same portfolio, assuming nothing else is changed.
Coeur |
The ability to find closely correlated positions to Coeur 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 Coeur 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 Coeur 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 Coeur Mining to buy it.
Moving together with Coeur Stock
| 0.87 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.91 | DC | Dakota Gold Corp | PairCorr |
| 0.89 | NG | NovaGold Resources | PairCorr |
| 0.68 | OR | Osisko Gold Ro | PairCorr |
| 0.89 | SA | Seabridge Gold Financial Report 20th of May 2024 | PairCorr |
| 0.96 | AEM | Agnico Eagle Mines | PairCorr |
| 0.95 | AGI | Alamos Gold | PairCorr |
| 0.61 | BTG | B2Gold Corp Financial Report 14th of May 2024 | PairCorr |
| 0.79 | DRD | DRDGOLD Limited ADR | PairCorr |
| 0.93 | EGO | Eldorado Gold Corp | PairCorr |
| 0.77 | EQX | Equinox Gold Corp | PairCorr |
| 0.95 | FNV | Franco Nevada | PairCorr |
| 0.98 | FSM | Fortuna Silver Mines Financial Report 20th of May 2024 | PairCorr |
| 0.96 | GAU | Galiano Gold | PairCorr |
| 0.9 | GFI | Gold Fields | PairCorr |
| 0.93 | HMY | Harmony Gold Mining | PairCorr |
| 0.96 | IAG | IAMGold | PairCorr |
Moving against Coeur Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Coeur Stock performing well and Coeur 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 Coeur 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EQX | 2.44 | 0.26 | 0.07 | 0.28 | 3.07 | 5.33 | 16.71 | |||
| BTG | 2.14 | (0.02) | 0.01 | 0.06 | 2.34 | 4.38 | 13.01 | |||
| SAND | 1.96 | 0.27 | 0.13 | 0.22 | 2.20 | 4.00 | 12.64 | |||
| PAAS | 2.27 | 0.54 | 0.27 | 0.32 | 1.89 | 5.03 | 12.09 | |||
| AEM | 1.33 | 0.48 | 0.29 | 0.46 | 1.24 | 3.11 | 8.45 | |||
| WPM | 1.50 | 0.20 | 0.09 | 0.25 | 1.89 | 3.61 | 10.45 | |||
| NEM | 1.81 | 0.35 | 0.13 | 0.46 | 2.15 | 4.62 | 16.29 | |||
| KGC | 1.84 | 0.44 | 0.20 | 0.31 | 1.94 | 4.87 | 11.44 | |||
| GFI | 2.16 | 0.24 | 0.08 | 0.21 | 3.07 | 4.89 | 16.01 | |||
| IAG | 2.60 | 0.70 | 0.25 | 0.35 | 2.56 | 6.01 | 15.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Coeur 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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Coeur Mining Corporate Directors
Coeur Mining corporate directors refer to members of a Coeur Mining board of directors. The board of directors generally takes responsibility for the Coeur Mining'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 Coeur Mining's board members must vote for the resolution. The Coeur Mining board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Brian Sandoval | Independent Director | Profile | |
| Randolph Gress | Independent Director | Profile | |
| Sebastian Edwards | Independent Director | Profile | |
| Linda Adamany | Independent Director | Profile |
Already Invested in Coeur Mining?
The danger of trading Coeur Mining 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 Coeur Mining 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 Coeur Mining. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Coeur Mining 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 Coeur Mining is a strong investment it is important to analyze Coeur Mining's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Coeur Mining's future performance. For an informed investment choice regarding Coeur Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coeur Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment. For information on how to trade Coeur Stock refer to our How to Trade Coeur Stock guide.Note that the Coeur Mining information on this page should be used as a complementary analysis to other Coeur Mining's 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Coeur Stock analysis
When running Coeur Mining's price analysis, check to measure Coeur Mining'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 Coeur Mining is operating at the current time. Most of Coeur Mining's value examination focuses on studying past and present price action to predict the probability of Coeur Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Coeur Mining's price. Additionally, you may evaluate how the addition of Coeur Mining to your portfolios can decrease your overall portfolio volatility.
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Is Coeur Mining's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coeur Mining. If investors know Coeur will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coeur Mining listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Coeur Mining is measured differently than its book value, which is the value of Coeur that is recorded on the company's balance sheet. Investors also form their own opinion of Coeur Mining's value that differs from its market value or its book value, called intrinsic value, which is Coeur Mining's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coeur Mining's market value can be influenced by many factors that don't directly affect Coeur Mining's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coeur Mining's value and its price as these two are different measures arrived at by different means. Investors typically determine if Coeur Mining is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coeur Mining'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.