GIMV NV Correlations
| GIMB Stock | EUR 43.85 0.95 2.12% |
The correlation of GIMV NV 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 GIMV NV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GIMV NV 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 GIMV NV and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GIMV NV and NYA in the same portfolio, assuming nothing else is changed.
GIMV |
The ability to find closely correlated positions to GIMV NV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GIMV NV 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 GIMV NV - 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 GIMV NV to buy it.
Moving together with GIMV Stock
Moving against GIMV Stock
| 0.75 | COMB | Compagnie du Bois | PairCorr |
| 0.75 | QFG | Quest For Growth | PairCorr |
| 0.74 | PROX | Proximus NV | PairCorr |
| 0.55 | ABI | Anheuser Busch Inbev Earnings Call This Week | PairCorr |
| 0.45 | SOF | Sofina Socit Anonyme Earnings Call This Week | PairCorr |
Related Correlations Analysis
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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 GIMV Stock performing well and GIMV NV 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 GIMV NV'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
Our tools can tell you how much better you can do entering a position in GIMV NV 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
GIMV NV Corporate Management
Elected by the shareholders, the GIMV NV's board of directors comprises two types of representatives: GIMV NV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GIMV. The board's role is to monitor GIMV NV's management team and ensure that shareholders' interests are well served. GIMV NV'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, GIMV NV's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vincent Bueren | Co Mang | Profile | |
| Elderd Land | Partner Netherlands | Profile | |
| Eng MBA | CEO Director | Profile | |
| Johan Creemers | IT Mang | Profile | |
| Tom Voorde | Managing Industries | Profile | |
| Kristof Capelle | Chief Officer | Profile | |
| Bart Diels | Managing Healthcare | Profile |
Already Invested in GIMV NV?
The danger of trading GIMV NV 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 GIMV NV 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 GIMV NV. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile GIMV NV 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 GIMV NV. 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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Complementary Tools for GIMV Stock analysis
When running GIMV NV's price analysis, check to measure GIMV NV'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 GIMV NV is operating at the current time. Most of GIMV NV's value examination focuses on studying past and present price action to predict the probability of GIMV NV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GIMV NV's price. Additionally, you may evaluate how the addition of GIMV NV to your portfolios can decrease your overall portfolio volatility.
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