Galway Metals Correlations
| GAYMF Stock | USD 0.54 0.04 6.90% |
The current 90-days correlation between Galway Metals and Lion One Metals is 0.4 (i.e., Very weak diversification). The correlation of Galway Metals 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.
Galway Metals Correlation With Market
Weak diversification
The correlation between Galway Metals and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galway Metals and DJI in the same portfolio, assuming nothing else is changed.
Galway |
The ability to find closely correlated positions to Galway Metals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galway Metals 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 Galway Metals - 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 Galway Metals to buy it.
Moving together with Galway OTC Stock
Moving against Galway OTC Stock
Related Correlations Analysis
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 Galway OTC Stock performing well and Galway Metals OTC Stock 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 Galway Metals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPNFF | 4.85 | 1.19 | 0.13 | 8.83 | 4.28 | 13.33 | 32.50 | |||
| SRCRF | 4.50 | (0.09) | (0.01) | 0.00 | 4.82 | 10.71 | 32.90 | |||
| ABMBF | 8.28 | 0.83 | 0.05 | 0.59 | 8.85 | 25.00 | 45.00 | |||
| LOMLF | 3.42 | 0.00 | 0.00 | 0.05 | 3.95 | 5.88 | 25.64 | |||
| EFRGF | 2.76 | 0.01 | 0.00 | 0.06 | 3.92 | 7.69 | 22.22 | |||
| RDEXF | 3.37 | 0.32 | 0.05 | 0.23 | 3.62 | 9.09 | 29.09 | |||
| NILIF | 5.80 | 1.64 | 0.30 | 0.72 | 4.41 | 14.71 | 42.53 | |||
| AMEGF | 2.30 | 0.00 | 0.00 | 0.04 | 2.72 | 5.56 | 17.02 | |||
| BGUUF | 355.15 | 192.09 | 0.00 | (0.72) | 0.00 | 20.00 | 11,900 | |||
| SICNF | 8.15 | 1.74 | 0.21 | 8.41 | 6.00 | 20.00 | 51.79 |
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Galway Metals Corporate Management
Elected by the shareholders, the Galway Metals' board of directors comprises two types of representatives: Galway Metals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galway. The board's role is to monitor Galway Metals' management team and ensure that shareholders' interests are well served. Galway Metals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Galway Metals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Robert Hinchcliffe | CEO Pres | Profile | |
| Rafael Solis | VP Director | Profile | |
| Lawrence Strauss | VP Director | Profile | |
| Robert BA | Chief Officer | Profile | |
| Maria Trowbridge | VP Admin | Profile | |
| PGeo Geo | Chief Director | Profile |