G2 Goldfields Correlations
| GUYGF Stock | USD 2.00 0.06 3.09% |
The current 90-days correlation between G2 Goldfields and Tudor Gold Corp is 0.2 (i.e., Modest diversification). The correlation of G2 Goldfields 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.
G2 Goldfields Correlation With Market
Very good diversification
The correlation between G2 Goldfields and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding G2 Goldfields and DJI in the same portfolio, assuming nothing else is changed.
GUYGF |
The ability to find closely correlated positions to G2 Goldfields could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace G2 Goldfields 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 G2 Goldfields - 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 G2 Goldfields to buy it.
Moving together with GUYGF OTC Stock
Moving against GUYGF OTC Stock
| 0.75 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.75 | CSCO | Cisco Systems | PairCorr |
| 0.72 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.66 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.57 | GOLD | GOLD Old Earnings Call Next Week | PairCorr |
| 0.45 | AU | AngloGold Ashanti plc Buyout Trend | PairCorr |
| 0.44 | KGC | Kinross Gold | PairCorr |
| 0.4 | WPM | Wheaton Precious Metals Earnings Call This Week | PairCorr |
| 0.84 | CAT | Caterpillar Earnings Call This Week | PairCorr |
| 0.84 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.74 | DD | Dupont De Nemours | PairCorr |
| 0.72 | AXP | American Express | PairCorr |
| 0.66 | BA | Boeing | PairCorr |
| 0.65 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
| 0.65 | GE | GE Aerospace | PairCorr |
| 0.56 | MMM | 3M Company | PairCorr |
| 0.55 | INTC | Intel | PairCorr |
| 0.53 | JNJ | Johnson Johnson | PairCorr |
| 0.48 | MRK | Merck Company | 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
|
Risk-Adjusted Indicators
There is a big difference between GUYGF OTC Stock performing well and G2 Goldfields 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 G2 Goldfields' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAMMF | 6.70 | 0.94 | 0.10 | 1.08 | 6.74 | 15.00 | 51.52 | |||
| TDRRF | 2.77 | 0.08 | (0.02) | (0.07) | 3.23 | 7.89 | 18.73 | |||
| CGLCF | 3.32 | 0.07 | 0.00 | 0.30 | 3.66 | 7.14 | 22.22 | |||
| GALKF | 8.54 | 0.81 | 0.07 | 0.91 | 8.50 | 21.62 | 67.59 | |||
| ERDCF | 2.58 | 0.17 | 0.04 | 0.48 | 2.69 | 4.76 | 26.07 | |||
| ELRRF | 3.35 | 0.52 | 0.11 | (2.22) | 3.04 | 8.96 | 20.22 | |||
| HSTXF | 3.10 | 0.16 | 0.00 | (0.23) | 3.26 | 8.97 | 20.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in G2 Goldfields 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?
Run ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
G2 Goldfields Corporate Management
Elected by the shareholders, the G2 Goldfields' board of directors comprises two types of representatives: G2 Goldfields inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GUYGF. The board's role is to monitor G2 Goldfields' management team and ensure that shareholders' interests are well served. G2 Goldfields' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, G2 Goldfields' outside directors are responsible for providing unbiased perspectives on the board's policies.
| BAPSCI BSc | CEO Pres | Profile | |
| Torben Michalsen | Chief Officer | Profile | |
| Boaz BSc | VP Shield | Profile | |
| Patrick MSc | Ex Chairman | Profile | |
| ACIS BComm | Chief Officer | Profile |