| GSDHO Stock | | | TRY 3.82 0.05 1.33% |
The current 90-days correlation between GSD Holding AS and AK Sigorta AS is 0.39 (i.e., Weak diversification). The correlation of GSD Holding 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.
GSD Holding Correlation With Market
Average diversification
The correlation between GSD Holding AS and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GSD Holding AS and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to GSD Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GSD Holding 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 GSD Holding - 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 GSD Holding AS to buy it.
Moving together with GSD Stock
Moving against GSD Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between GSD Stock performing well and GSD Holding 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 GSD Holding'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
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GSD Holding Corporate Management
Elected by the shareholders, the GSD Holding's board of directors comprises two types of representatives: GSD Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GSD. The board's role is to monitor GSD Holding's management team and ensure that shareholders' interests are well served. GSD Holding'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, GSD Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.