General Motors Correlations

0R0E Stock   52.70  0.90  1.74%   
The current 90-days correlation between General Motors and Viridian Therapeutics is -0.04 (i.e., Good diversification). The correlation of General Motors 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. If the correlation is 0, the equities are not correlated; they are entirely random.

General Motors Correlation With Market

Modest diversification

The correlation between General Motors Co and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Motors Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to General Motors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Motors 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 General Motors - 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 General Motors Co to buy it.

Moving together with General Stock

  0.7TRD Triad Group PLCPairCorr
  0.84QBT Quantum BlockchainPairCorr
  0.68DEC Diversified EnergyPairCorr
  0.780K2K Molson Coors BeveragePairCorr
  0.63GAW Games Workshop GroupPairCorr
  0.860P5L Axway Software SAPairCorr
  0.690HPW Broadridge FinancialPairCorr
  0.85SMDS DS Smith PLCPairCorr
  0.86DOM Dominos Pizza GroupPairCorr
  0.830LAI Summit MaterialsPairCorr
  0.88BGEO Bank of GeorgiaPairCorr

Moving against General Stock

  0.750RJ4 Uniper SEPairCorr
  0.71MUL Mulberry Group PLCPairCorr
  0.62LSC London Security PlcPairCorr
  0.57HVT Heavitree BreweryPairCorr
  0.62RIO Rio Tinto PLCPairCorr
  0.56MARS Marstons PLCPairCorr
  0.41BLU Blue Star CapitalPairCorr

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   
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High negative correlations   
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0K7U0HRR
0I9F0HRR
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Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General Motors 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 General Motors' 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 General Motors 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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General Motors Corporate Management

Elected by the shareholders, the General Motors' board of directors comprises two types of representatives: General Motors inside directors who are chosen from within the company, and outside directors, selected externally and held independent of General. The board's role is to monitor General Motors' management team and ensure that shareholders' interests are well served. General Motors' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, General Motors' outside directors are responsible for providing unbiased perspectives on the board's policies.
Fred KilleenVP OfficerProfile
Craig GliddenExecutive AdvisorProfile
Steve HillSenior ChinaProfile
Norman GreveSenior OfficerProfile
Wayne WestChief OfficerProfile
LinHua WuSenior OfficerProfile