GP Global Correlations

GPGB Stock

1,632 0.00 0.00%

The correlation of GP Global 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.

The ability to find closely correlated positions to GP Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GP Global 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 GP Global - 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 GP Global Power to buy it.

Related Correlations Analysis

	GPGB	HOD	INFR	CRMT	AFHL	BRAM	ALHE	QLTU	ASHG	FOX
GPGB		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	GPGB
HOD	0.0		-0.18	0.56	0.93	0.87	0.72	0.6	0.95	0.83	HOD
INFR	0.0	-0.18		0.3	-0.18	-0.34	0.28	0.13	-0.06	0.0	INFR
CRMT	0.0	0.56	0.3		0.53	0.29	0.7	0.65	0.64	0.67	CRMT
AFHL	0.0	0.93	-0.18	0.53		0.83	0.65	0.67	0.9	0.87	AFHL
BRAM	0.0	0.87	-0.34	0.29	0.83		0.44	0.53	0.72	0.63	BRAM
ALHE	0.0	0.72	0.28	0.7	0.65	0.44		0.57	0.83	0.76	ALHE
QLTU	0.0	0.6	0.13	0.65	0.67	0.53	0.57		0.57	0.74	QLTU
ASHG	0.0	0.95	-0.06	0.64	0.9	0.72	0.83	0.57		0.89	ASHG
FOX	0.0	0.83	0.0	0.67	0.87	0.63	0.76	0.74	0.89		FOX
	GPGB	HOD	INFR	CRMT	AFHL	BRAM	ALHE	QLTU	ASHG	FOX

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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

ASHG	+ 0.95	HOD
AFHL	+ 0.93	HOD
ASHG	+ 0.9	AFHL
FOX	+ 0.89	ASHG
BRAM	+ 0.87	HOD
FOX	+ 0.87	AFHL

High negative correlations

BRAM	- 0.34	INFR
AFHL	- 0.18	INFR
INFR	- 0.18	HOD
ASHG	- 0.06	INFR
FOX	- 0.0	INFR
FOX	- 0.0	GPGB

Risk-Adjusted Indicators

There is a big difference between GPGB Stock performing well and GP Global 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 GP Global'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
GPGB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HOD	1.34	0.56	0.45	2.86	0.46	(1.64)	3.11	(1.69)	16.86
INFR	126,658	69,196	1,242	728.40	10,063	(240,410)	340,567	(99.97)	1,990,000
CRMT	1.21	0.21	0.05	(0.23)	1.37	(3.52)	6.35	(3.77)	14.58
AFHL	1.91	0.95	0.50	(14.61)	0.93	(2.37)	6.43	(1.79)	16.94
BRAM	1.38	0.24	0.09	4.65	1.28	(3.50)	5.34	(3.35)	20.90
ALHE	1.73	0.27	0.12	(1.14)	1.71	(1.84)	5.06	(2.93)	12.74
QLTU	2.54	0.57	0.22	(1.51)	2.15	(3.24)	5.57	(3.82)	14.78
ASHG	1.75	0.46	0.24	5.63	1.54	(2.11)	4.27	(2.85)	10.92
FOX	1.50	0.32	0.20	(64.19)	1.27	(1.82)	3.37	(2.22)	8.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in GP Global 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.

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GP Global Corporate Management

Elected by the shareholders, the GP Global's board of directors comprises two types of representatives: GP Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GPGB. The board's role is to monitor GP Global's management team and ensure that shareholders' interests are well served. GP Global'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, GP Global's outside directors are responsible for providing unbiased perspectives on the board's policies.

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