Correlation between $Aus:$Can or $Can:$USD or ,...I am trying to understand if there is a correlation of the KRR share price to fluctuations in currency exchange.
I'd like to think that it is all Gold pr to $USD, but in fact it might be:
Positive correlation of Gold pr to $ Cdn - since the share price is in Canadian dollars - on the TSE
(Negative correlation of $Aus to $Cdn to account for Australian operational cost) factored by the $Gold/$Cdn ratio.
Maybe that is just background noise and we're really looking at business model, cost of material handling systems, cost of electricity in Australia, Management acumen, price of gold on the world market - back to that USD, acknowledging a nickel component, factored in.
And then there is, stock market desires, fears, knowledge, runs, trends, reputations, foward anticipation, etc.
Are there any fundamental elements to currency exchange??
cleareye.