Gemfields Group Correlations

Stocks . Germany . 
Stock . Gemfields Group Limited
5PH Stock  EUR 0.06  0  1.57%   
The current 90-days correlation between Gemfields Group and NEW PACIFIC METALS is -0.09 (i.e., Good diversification). The correlation of Gemfields Group 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Gemfields Group Correlation With Market

Significant diversification

The correlation between Gemfields Group Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gemfields Group Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gemfields Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gemfields Group 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 Gemfields Group - 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 Gemfields Group Limited to buy it.

Moving together with Gemfields Stock

  0.68X9C Metalla Royalty StreamingPairCorr
  0.86PQ9 BANK MANDIRIPairCorr
  0.82PQ9 PT Bank MandiriPairCorr
  0.83PQ9 BANK MANDIRIPairCorr
  0.85PQ9 BANK MANDIRIPairCorr
  0.83BYRA PT Bank RakyatPairCorr
  0.72BYRA BANK RAKYAT INDPairCorr
  0.84BYRA BANK RAKYAT INDPairCorr
  0.66BYRA PT Bank RakyatPairCorr
  0.62PTI Perusahaan PerseroanPairCorr
  0.61TCID Telkom Indonesia TbkPairCorr

Moving against Gemfields Stock

  0.93ENR Siemens Energy AGPairCorr
  0.9228X ALLIANZ TECHNOTRLS 025PairCorr
  0.9BZZ Bank of MontrealPairCorr
  0.89GKD Grand Canyon EducationPairCorr
  0.88SK3 Smurfit Kappa GroupPairCorr
  0.86DC4 DexCom IncPairCorr
  0.84OM6 OReilly AutomotivePairCorr
  0.83HIP Park Hotels ResortsPairCorr
  0.81ZIM Zimmer Biomet HoldingsPairCorr
  0.81NT4 Northern TrustPairCorr
  0.76WX1 Acadia Realty TrustPairCorr
  0.75PCG6 PG E P6PairCorr
  0.72TM5 T MobilePairCorr
  0.71BRYN Berkshire HathawayPairCorr
  0.65WX7 Corporate Office ProPairCorr
  0.63RZH SCOTT TECHNOLOGYPairCorr
  0.57CSA Accenture plcPairCorr
  0.39UIPN Unipol Gruppo FinanziarioPairCorr
  0.91H0O REVO INSURANCE SPAPairCorr
  0.87LIE Sun Life FinancialPairCorr
  0.86VA7A VERISK ANLYTCS APairCorr
  0.86QAN Qantas AirwaysPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
3N7A
+ 0.84
FNL
X9C
+ 0.74
3N7A
X9C
+ 0.68
5PH
X9C
+ 0.64
FNL
5PH
+ 0.49
31L
31L
+ 0.46
7YZ
  
High negative correlations   
28X
- 0.92
5PH
28X
- 0.55
7YZ
28X
- 0.52
X9C
28X
- 0.45
31L
7YZ
- 0.25
3N7A
7YZ
- 0.23
FNL

Risk-Adjusted Indicators

There is a big difference between Gemfields Stock performing well and Gemfields Group 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 Gemfields Group'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gemfields Group 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?

Run Price Ceiling Movement Now

   

Price Ceiling Movement

Calculate and plot Price Ceiling Movement for different equity instruments
All  Next Launch Module

Gemfields Group Corporate Management

Elected by the shareholders, the Gemfields Group's board of directors comprises two types of representatives: Gemfields Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gemfields. The board's role is to monitor Gemfields Group's management team and ensure that shareholders' interests are well served. Gemfields Group'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, Gemfields Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Toby HewittGroup SecProfile
BCom ACACFO DirectorProfile
Dewald BlomChief OfficerProfile
Sean BScCEO DirectorProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY