Guskin Gold Correlations
| GKIN Stock | USD 0.0001 0.00 0.00% |
The current 90-days correlation between Guskin Gold Corp and Revival Gold is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Guskin Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Guskin Gold Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Guskin Gold Correlation With Market
Very weak diversification
The correlation between Guskin Gold Corp and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guskin Gold Corp and DJI in the same portfolio, assuming nothing else is changed.
Guskin |
The ability to find closely correlated positions to Guskin Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Guskin Gold 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 Guskin Gold - 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 Guskin Gold Corp to buy it.
Moving together with Guskin Pink Sheet
| 0.85 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.63 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.9 | GOLD | Barrick Gold Corp | PairCorr |
| 0.84 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.85 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.81 | BKRKY | Bank Rakyat | PairCorr |
| 0.8 | PBCRY | Bank Central Asia | PairCorr |
| 0.66 | PBCRF | PT Bank Central | PairCorr |
| 0.76 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.73 | SHG | Shinhan Financial | PairCorr |
Moving against Guskin Pink Sheet
| 0.89 | IONQ | IONQ Inc Upward Rally | PairCorr |
| 0.87 | LUNR | Intuitive Machines | PairCorr |
| 0.86 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.79 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.73 | BBAI | BigBearai Holdings | PairCorr |
| 0.73 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.7 | SOUN | SoundHound AI Upward Rally | PairCorr |
| 0.66 | INMD | InMode | PairCorr |
| 0.64 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.59 | APLD | Applied Blockchain | PairCorr |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Guskin Pink Sheet performing well and Guskin Gold 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 Guskin Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RVLGF | 2.45 | (0.08) | 0.00 | 0.84 | 0.00 | 5.26 | 18.61 | |||
| GAU | 2.52 | (0.09) | 0.00 | 0.24 | 0.00 | 4.96 | 19.71 | |||
| USAU | 2.84 | 0.37 | 0.07 | (0.71) | 2.92 | 8.17 | 19.63 | |||
| 444859BR2 | 1.38 | (0.04) | 0.00 | 0.55 | 0.00 | 5.93 | 16.62 | |||
| BRRAY | 1.90 | 0.40 | 0.00 | 0.72 | 0.00 | 0.00 | 34.02 | |||
| MSTSX | 0.46 | 0.05 | (0.07) | 1.56 | 0.42 | 1.21 | 2.80 | |||
| LBHIX | 0.10 | 0.00 | (0.35) | 0.14 | 0.00 | 0.24 | 0.71 | |||
| ABHYX | 0.17 | (0.02) | (0.22) | (0.09) | 0.29 | 0.34 | 1.91 | |||
| VIASP | 0.74 | 0.12 | 0.02 | (2.24) | 1.08 | 2.28 | 7.18 | |||
| 144285AL7 | 0.33 | (0.02) | 0.00 | (0.69) | 0.00 | 0.96 | 2.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Guskin Gold 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 Top Crypto Exchanges Now
Top Crypto ExchangesSearch and analyze digital assets across top global cryptocurrency exchanges |
| All Next | Launch Module |
Guskin Gold Corporate Management
| Samuel Esq | Director Counsel | Profile | |
| Naana Asante | President, CEO | Profile | |
| Francis Agezo | Director Exploration | Profile | |
| Mario CPA | CFO Treasurer | Profile |