Correlation
The correlation between AUD=X and DNN is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AUD=X vs. DNN
Compare and contrast key facts about USD/AUD (AUD=X) and Denison Mines Corp (DNN).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUD=X or DNN.
Performance
AUD=X vs. DNN - Performance Comparison
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Key characteristics
AUD=X:
0.26
DNN:
-0.55
AUD=X:
0.44
DNN:
-0.43
AUD=X:
1.05
DNN:
0.95
AUD=X:
0.08
DNN:
-0.34
AUD=X:
0.70
DNN:
-1.08
AUD=X:
3.57%
DNN:
28.69%
AUD=X:
10.11%
DNN:
62.03%
AUD=X:
-56.54%
DNN:
-98.41%
AUD=X:
-25.73%
DNN:
-87.31%
Returns By Period
In the year-to-date period, AUD=X achieves a -4.11% return, which is significantly higher than DNN's -11.11% return. Over the past 10 years, AUD=X has underperformed DNN with an annualized return of 1.88%, while DNN has yielded a comparatively higher 6.91% annualized return.
AUD=X
-4.11%
-1.07%
0.72%
2.44%
3.60%
0.65%
1.88%
DNN
-11.11%
12.68%
-30.43%
-33.88%
8.87%
30.78%
6.91%
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Risk-Adjusted Performance
AUD=X vs. DNN — Risk-Adjusted Performance Rank
AUD=X
DNN
AUD=X vs. DNN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Denison Mines Corp (DNN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Drawdowns
AUD=X vs. DNN - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -56.54%, smaller than the maximum DNN drawdown of -98.41%. Use the drawdown chart below to compare losses from any high point for AUD=X and DNN.
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Volatility
AUD=X vs. DNN - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 2.91%, while Denison Mines Corp (DNN) has a volatility of 17.15%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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