G2 Goldfields Correlations

GUYGF Stock  USD 2.22  0.06  2.63%   
The current 90-days correlation between G2 Goldfields and Morningstar Unconstrained Allocation is -0.02 (i.e., Good 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

Good diversification

The correlation between G2 Goldfields and DJI is -0.12 (i.e., 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.
  
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 against GUYGF OTC Stock

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  0.62AXP American ExpressPairCorr
  0.57CAT CaterpillarPairCorr
  0.53DD Dupont De NemoursPairCorr
  0.52CSCO Cisco SystemsPairCorr
  0.51MSFT MicrosoftPairCorr
  0.48CVX Chevron CorpPairCorr
  0.45MRK Merck CompanyPairCorr
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  0.33BA BoeingPairCorr

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

RRTLXMSTSX
OHYFXRRTLX
OHYFXVIASP
OHYFXMSTSX
RRTLXVIASP
VIASPMSTSX
  

High negative correlations

IDABHYX
ABHYXSCRYY
ABHYXOMMSF
IDAUMBF
OHYFXID
RRTLXID

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
OMMSF  4.33  0.57  0.08  0.93  4.62 
 10.19 
 47.47 
AUMBF  4.66  0.53  0.07  0.46  4.68 
 13.33 
 36.67 
EFRMF  0.91 (0.02) 0.00  0.08  0.00 
 0.00 
 53.54 
SCRYY  1.97  0.12  0.01  1.24  2.37 
 4.29 
 13.04 
ABHYX  0.16 (0.02) 0.00 (0.60) 0.00 
 0.36 
 1.07 
MSTSX  0.50  0.03  0.01  0.13  0.52 
 1.23 
 2.93 
ID  3.49  0.04  0.00  0.07  0.00 
 6.67 
 26.05 
VIASP  0.30  0.05 (0.06) 0.41  0.17 
 0.69 
 2.06 
RRTLX  0.22  0.02 (0.13) 0.15  0.00 
 0.56 
 1.37 
OHYFX  0.11  0.02 (0.35) 0.21  0.00 
 0.31 
 0.63 

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.

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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.