Correlations Analysis
0.0001
0.0000
(0.0000%)
08/12/2026
Goldrich Mining Company (GRMC)Showing Correlations for up to two years. To view all data, Upgrade to PRO plan!
Found large sets of symbols. Showing 25 symbols.
Correlation Analytics
GRMC vs 19 instruments · 13 Aug 2024 – 13 Aug 2026 · Daily returns
Average correlation by asset class
Equity Indices
-0.05
19 instruments
Key Observations
- GRMC is most correlated with $AFLI (r = 0.21, β = 252.59), the closest co-mover in this set — it explains about 5% of GRMC daily moves (R² = 0.05).
- $NDX moves inversely (r = -0.18): it has historically acted as a hedge against GRMC within this set.
- Across the set (all Equity Indices), average correlation to GRMC is -0.05.
- Overall, GRMC is largely idiosyncratic versus this set (avg |r| = 0.12) — its moves are mostly stock-specific.
- Versus $AFLI, Pearson r and Spearman ρ agree (0.21 vs 0.17), so the relationship is broadly linear and the β is dependable.
- GRMC and $AFLI move contemporaneously (correlation is strongest same-day) — no usable lead-lag timing within ±3 days.
Derived from the figures below · point-in-time over the selected window · not investment advice.
By instrument · correlation across windows, with sensitivity
| Symbol | Name | 1M | 3M | 6M | 1Y | Trend | β | R² |
|---|---|---|---|---|---|---|---|---|
| $AFLI | S&P/ASX 50 | – | – | – | – | – | 252.59 | 0.05 |
| $AXJO | S&P/ASX 200 Accumulated | – | – | – | – | – | 256.18 | 0.05 |
| $NDX | Nasdaq 100 | – | – | – | – | – | -55.69 | 0.03 |
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β and R² computed over the full selected window vs each instrument · window correlations use common trading days only · ▲/▼ = recent (3M) vs longer-term (1Y) correlation · not investment advice.