GENTING SG Correlations

36T Stock  EUR 0.50  0.02  3.85%   
The current 90-days correlation between GENTING SG LTD and Sumitomo Chemical is -0.05 (i.e., Good diversification). The correlation of GENTING SG 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.

GENTING SG Correlation With Market

Modest diversification

The correlation between GENTING SG LTD and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GENTING SG LTD and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GENTING SG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GENTING SG 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 GENTING SG - 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 GENTING SG LTD to buy it.

Moving together with GENTING Stock

  0.63VAI Vail ResortsPairCorr
  0.72GGG GUDANG GARAMPairCorr

Moving against GENTING Stock

  0.679NPA NIPPON PROLOGIS REITPairCorr
  0.38PKX POSCO HoldingsPairCorr
  0.72APM AD PEPPER MEDIAPairCorr
  0.7AG1 AUTO1 Group SEPairCorr
  0.64YSN secunet Security Networks Earnings Call This WeekPairCorr
  0.56KPN Koninklijke KPN NVPairCorr
  0.48358 BALLYS P DLPairCorr
  0.47HFF HARTFORD FIN SERVPairCorr
  0.458TRA Traton SEPairCorr
  0.39QB3 QuebecorPairCorr
  0.34CN6 BII Railway TransporPairCorr
  0.33TMLF TMBThanachart Bank PublicPairCorr
  0.64ALVE ALLIANZ SE UNSPADRPairCorr
  0.6G24 Scout24 SEPairCorr
  0.6STD STANDARD CHARTEREDPairCorr
  0.54CMAB Mapfre SAPairCorr

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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Risk-Adjusted Indicators

There is a big difference between GENTING Stock performing well and GENTING SG 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 GENTING SG's 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 GENTING SG 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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Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities
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GENTING SG Corporate Management

Elected by the shareholders, the GENTING SG's board of directors comprises two types of representatives: GENTING SG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GENTING. The board's role is to monitor GENTING SG's management team and ensure that shareholders' interests are well served. GENTING SG's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GENTING SG's outside directors are responsible for providing unbiased perspectives on the board's policies.
Wah TanNon-Executive Independent DirectorProfile
Seow KohIndependent Non-Executive DirectorProfile
Sze HauwIndependent Non-Executive DirectorProfile
Kok LimExecutive Chairman of the BoardProfile