Metals Acquisition Correlations
| MTAL Stock | USD 13.96 0.36 2.65% |
The correlation of Metals Acquisition 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 Metals Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metals Acquisition Limited 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.
Significant diversification
The correlation between Metals Acquisition Limited and NYA is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metals Acquisition Limited and NYA in the same portfolio, assuming nothing else is changed.
Metals |
The ability to find closely correlated positions to Metals Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metals Acquisition 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 Metals Acquisition - 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 Metals Acquisition Limited to buy it.
Moving together with Metals Stock
| 0.67 | DIST | Distoken Acquisition | PairCorr |
| 0.69 | DB | Deutsche Bank AG | PairCorr |
| 0.75 | LU | Lufax Holding Financial Report 27th of May 2024 | PairCorr |
Moving against Metals Stock
| 0.6 | AC | Associated Capital Normal Trading | PairCorr |
| 0.53 | V | Visa Class A Financial Report 23rd of July 2024 | PairCorr |
| 0.8 | CDAQW | Compass Digital Acqu | PairCorr |
| 0.68 | PT | Pintec Technology | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AQUI | ||
| 0.0 | 0.74 | 0.73 | 0.41 | 0.75 | 0.95 | MSTSX | ||
| 0.0 | 0.74 | 0.81 | 0.25 | 0.42 | 0.77 | ABHYX | ||
| 0.0 | 0.73 | 0.81 | 0.35 | 0.51 | 0.79 | LBHIX | ||
| 0.0 | 0.41 | 0.25 | 0.35 | 0.5 | 0.27 | SCAXF | ||
| 0.0 | 0.75 | 0.42 | 0.51 | 0.5 | 0.75 | VIASP | ||
| 0.0 | 0.95 | 0.77 | 0.79 | 0.27 | 0.75 | RRTLX | ||
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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 Metals Stock performing well and Metals Acquisition 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 Metals Acquisition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MSTSX | 0.48 | 0.02 | 0.02 | 0.10 | 0.61 | 1.07 | 3.20 | |||
| ABHYX | 0.14 | 0.01 | (0.19) | 0.14 | 0.13 | 0.34 | 1.14 | |||
| LBHIX | 0.18 | 0.00 | (0.20) | 0.08 | 0.19 | 0.48 | 0.98 | |||
| SCAXF | 4.41 | 2.82 | 0.00 | (0.28) | 0.00 | 0.00 | 147.93 | |||
| VIASP | 1.36 | 0.17 | 0.10 | 0.19 | 1.77 | 3.96 | 13.41 | |||
| RRTLX | 0.27 | 0.00 | (0.10) | 0.07 | 0.24 | 0.59 | 1.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Metals Acquisition 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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Metals Acquisition Corporate Management
Elected by the shareholders, the Metals Acquisition's board of directors comprises two types of representatives: Metals Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metals. The board's role is to monitor Metals Acquisition's management team and ensure that shareholders' interests are well served. Metals Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metals Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Marthinus Crouse | Chief Officer | Profile | |
| Dan Vujcic | Chief Officer | Profile | |
| ACIS AGIA | Company Secretary | Profile | |
| Slobodan Vujcic | Interim Officer | Profile | |
| Christopher Rosario | General Counsel | Profile | |
| MA BSc | CEO Director | Profile | |
| Chris Rosario | General Counsel | Profile |
Already Invested in Metals Acquisition Limited?
The danger of trading Metals Acquisition Limited 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 Metals Acquisition 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 Metals Acquisition. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Metals Acquisition 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 Metals Acquisition is a strong investment it is important to analyze Metals Acquisition'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 Metals Acquisition's future performance. For an informed investment choice regarding Metals Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metals Acquisition Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Metals Acquisition information on this page should be used as a complementary analysis to other Metals Acquisition'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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Complementary Tools for Metals Stock analysis
When running Metals Acquisition's price analysis, check to measure Metals Acquisition'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 Metals Acquisition is operating at the current time. Most of Metals Acquisition's value examination focuses on studying past and present price action to predict the probability of Metals Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Metals Acquisition's price. Additionally, you may evaluate how the addition of Metals Acquisition to your portfolios can decrease your overall portfolio volatility.
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Is Metals Acquisition'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 Metals Acquisition. If investors know Metals 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 Metals Acquisition listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.86) | Earnings Share (4.83) | Revenue Per Share 5.316 | Return On Assets (0.01) | Return On Equity (1.17) |
The market value of Metals Acquisition is measured differently than its book value, which is the value of Metals that is recorded on the company's balance sheet. Investors also form their own opinion of Metals Acquisition's value that differs from its market value or its book value, called intrinsic value, which is Metals Acquisition'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 Metals Acquisition's market value can be influenced by many factors that don't directly affect Metals Acquisition'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 Metals Acquisition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Metals Acquisition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Metals Acquisition'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.