Gfinity PLC Correlations
| GFIN Stock | 0.04 0.00 0.00% |
The correlation of Gfinity PLC 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gfinity PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gfinity PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Gfinity PLC and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gfinity PLC and NYA in the same portfolio, assuming nothing else is changed.
Gfinity |
The ability to find closely correlated positions to Gfinity PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gfinity PLC 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 Gfinity PLC - 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 Gfinity PLC to buy it.
Moving against Gfinity Stock
| 0.7 | 0QIU | Novo Nordisk AS | PairCorr |
| 0.68 | PFD | Premier Foods PLC | PairCorr |
| 0.65 | HYUD | Hyundai Motor | PairCorr |
| 0.64 | SBID | State Bank | PairCorr |
| 0.55 | RR | Rolls Royce Holdings | PairCorr |
| 0.47 | TYT | Toyota Motor Corp | PairCorr |
| 0.46 | BP | BP PLC | PairCorr |
| 0.46 | EDIN | Edinburgh Investment | 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
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Risk-Adjusted Indicators
There is a big difference between Gfinity Stock performing well and Gfinity PLC 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 Gfinity PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMSD | 1.10 | 0.02 | (0.03) | 0.24 | 1.25 | 2.61 | 7.15 | |||
| SMSN | 1.34 | (0.02) | (0.05) | 0.01 | 1.58 | 2.55 | 8.39 | |||
| TYT | 1.32 | 0.27 | 0.10 | 1.91 | 1.54 | 3.17 | 11.00 | |||
| HHPD | 1.74 | 0.60 | 0.27 | (10.24) | 1.36 | 4.81 | 13.42 | |||
| RIGD | 0.97 | 0.10 | 0.03 | 0.58 | 1.12 | 2.28 | 9.37 | |||
| KAP | 1.94 | (0.07) | 0.00 | (0.02) | 0.00 | 3.98 | 15.10 | |||
| RICO | 1.28 | 0.16 | 0.04 | (5.98) | 1.52 | 2.38 | 10.72 | |||
| QLT | 1.73 | 0.11 | 0.03 | 0.34 | 2.02 | 2.76 | 16.28 | |||
| SHEL | 0.76 | 0.30 | 0.25 | 16.63 | 0.56 | 1.96 | 5.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gfinity PLC 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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| All Next | Launch Module |
Gfinity PLC Corporate Management
Elected by the shareholders, the Gfinity PLC's board of directors comprises two types of representatives: Gfinity PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gfinity. The board's role is to monitor Gfinity PLC's management team and ensure that shareholders' interests are well served. Gfinity PLC'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, Gfinity PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bryan Healy | Chief Officer | Profile | |
| Justin Mier | Chief Officer | Profile | |
| Amanda Lawson | Global Production | Profile | |
| Mark Brittain | Chief Officer | Profile | |
| Thomas Preising | Chief Officer | Profile | |
| Jonathan ACA | Company Secretary | Profile | |
| Dave Lipp | Head Rights | Profile |
Already Invested in Gfinity PLC?
The danger of trading Gfinity PLC is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gfinity PLC is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gfinity PLC. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gfinity PLC is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gfinity PLC. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Gfinity Stock analysis
When running Gfinity PLC's price analysis, check to measure Gfinity PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gfinity PLC is operating at the current time. Most of Gfinity PLC's value examination focuses on studying past and present price action to predict the probability of Gfinity PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gfinity PLC's price. Additionally, you may evaluate how the addition of Gfinity PLC to your portfolios can decrease your overall portfolio volatility.
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