Genesis Minerals Correlations
| GMD Stock | 2.50 0.04 1.57% |
The current 90-days correlation between Genesis Minerals and Sandfire Resources NL is 0.08 (i.e., Significant diversification). The correlation of Genesis Minerals 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Genesis Minerals Correlation With Market
Good diversification
The correlation between Genesis Minerals and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesis Minerals and DJI in the same portfolio, assuming nothing else is changed.
Genesis |
The ability to find closely correlated positions to Genesis Minerals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesis Minerals 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 Genesis Minerals - 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 Genesis Minerals to buy it.
Moving together with Genesis Stock
| 0.78 | EVN | Evolution Mining | PairCorr |
| 0.76 | DEG | De Grey Mining | PairCorr |
| 0.81 | CBA | Commonwealth Bank | PairCorr |
| 0.69 | AME | Alto Metals | PairCorr |
| 0.72 | FSI | Flagship Investments | PairCorr |
| 0.79 | SHO | SportsHero | PairCorr |
| 0.71 | TLX | Telix Pharmaceuticals | PairCorr |
| 0.69 | BVS | Bravura Solutions | PairCorr |
| 0.81 | BEN | Bendigo And Adelaide | PairCorr |
| 0.68 | HSN | Hansen Technologies | PairCorr |
| 0.68 | ABA | Auswide Bank | PairCorr |
| 0.67 | PBH | Pointsbet Holdings | PairCorr |
| 0.72 | AHF | Australian Dairy Farms | PairCorr |
| 0.68 | ST1 | Spirit Telecom Split | PairCorr |
| 0.65 | SUN | Suncorp Group | PairCorr |
| 0.84 | IMR | Imricor Medical Systems | PairCorr |
Moving against Genesis Stock
| 0.61 | BHP | BHP Group Limited | PairCorr |
| 0.47 | ATM | Aneka Tambang Tbk | PairCorr |
| 0.36 | BSL | Bluescope Steel | PairCorr |
| 0.7 | BKW | Brickworks | PairCorr |
Related Correlations Analysis
| 0.76 | -0.01 | 0.26 | -0.07 | 0.64 | NST | ||
| 0.76 | -0.18 | 0.17 | 0.45 | 0.77 | EVN | ||
| -0.01 | -0.18 | 0.66 | -0.22 | -0.2 | BSL | ||
| 0.26 | 0.17 | 0.66 | -0.28 | 0.27 | SFR | ||
| -0.07 | 0.45 | -0.22 | -0.28 | 0.14 | DEG | ||
| 0.64 | 0.77 | -0.2 | 0.27 | 0.14 | PRU | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Genesis Stock performing well and Genesis Minerals 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 Genesis Minerals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NST | 1.57 | (0.05) | 0.00 | 0.12 | 0.00 | 2.87 | 11.36 | |||
| EVN | 1.70 | 0.17 | 0.06 | (0.23) | 2.10 | 3.38 | 13.28 | |||
| BSL | 1.54 | (0.15) | 0.00 | (0.13) | 0.00 | 2.93 | 8.93 | |||
| SFR | 1.43 | 0.03 | 0.00 | 0.21 | 1.70 | 2.99 | 10.41 | |||
| DEG | 2.05 | 0.48 | 0.21 | (0.56) | 1.67 | 4.32 | 32.32 | |||
| PRU | 1.51 | 0.01 | (0.01) | 0.00 | 1.98 | 2.71 | 11.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Genesis Minerals 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?
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Genesis Minerals Corporate Management
Elected by the shareholders, the Genesis Minerals' board of directors comprises two types of representatives: Genesis Minerals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Genesis. The board's role is to monitor Genesis Minerals' management team and ensure that shareholders' interests are well served. Genesis Minerals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Genesis Minerals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joanne Steer | Head Secretary | Profile | |
| Matthew Nixon | Chief Officer | Profile | |
| GDE BSc | Chief Geologist | Profile | |
| BCom BCom | Chief Officer | Profile | |
| Kellie Randell | General Culture | Profile | |
| Lee Stephens | General Operations | Profile |