Gatekeeper Systems Correlations

GKPRF Stock  USD 0.99  0.01  1.02%   
The current 90-days correlation between Gatekeeper Systems and LogicMark is -0.11 (i.e., Good diversification). The correlation of Gatekeeper Systems 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.

Gatekeeper Systems Correlation With Market

Significant diversification

The correlation between Gatekeeper Systems and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gatekeeper Systems and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gatekeeper Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatekeeper Systems 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 Gatekeeper Systems - 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 Gatekeeper Systems to buy it.

Moving together with Gatekeeper Pink Sheet

  0.81MRLWF Marlowe plcPairCorr
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  0.83AXP American Express Sell-off TrendPairCorr
  0.92CAT CaterpillarPairCorr
  0.8AA Alcoa CorpPairCorr
  0.78DIS Walt DisneyPairCorr
  0.83MSFT Microsoft Earnings Call This WeekPairCorr
  0.79INTC IntelPairCorr
  0.92JPM JPMorgan Chase Sell-off TrendPairCorr
  0.65XOM Exxon Mobil Corp Earnings Call This WeekPairCorr
  0.81IBM International BusinessPairCorr
  0.87CSCO Cisco SystemsPairCorr

Moving against Gatekeeper Pink Sheet

  0.74MCD McDonaldsPairCorr
  0.64AMPH Amphastar PPairCorr
  0.56MMSI Merit Medical Systems Earnings Call This WeekPairCorr
  0.52PG Procter Gamble Earnings Call This WeekPairCorr
  0.42KO Coca Cola Sell-off TrendPairCorr
  0.36TRV The Travelers CompaniesPairCorr

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   
MGLGMK
NLLGMK
KSCPGFAI
EVLVADT
EVLVGFAI
NLCXW
  
High negative correlations   
EVLVLGMK
NLBAER
EVLVNL
ADTLGMK
BAERLGMK
GFAILGMK

Risk-Adjusted Indicators

There is a big difference between Gatekeeper Pink Sheet performing well and Gatekeeper Systems 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 Gatekeeper Systems' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
LGMK  10.95 (3.49) 0.00  1.52  0.00 
 26.36 
 101.32 
GFAI  3.05  0.40  0.10  0.72  3.10 
 6.48 
 22.67 
KSCP  5.09  0.47  0.13  0.46  4.94 
 9.92 
 39.92 
BAER  3.69  0.10  0.05  0.30  4.13 
 7.89 
 28.28 
IVDAW  12.21  1.18  0.06  1.58  13.25 
 30.00 
 91.18 
CXW  1.20 (0.26) 0.00 (0.17) 0.00 
 2.61 
 7.80 
ADT  1.03  0.04 (0.02) 0.30  1.49 
 2.23 
 6.88 
NL  2.32 (0.39) 0.00 (0.10) 0.00 
 4.85 
 15.17 
MG  1.59 (0.25) 0.00 (0.13) 0.00 
 2.84 
 19.99 
EVLV  3.40  1.06  0.30  1.50  2.45 
 8.56 
 36.16 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gatekeeper Systems 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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