Gamma Communications Correlations

Stocks . Germany . 
Stock . Gamma Communications plc
6GC Stock  EUR 14.70  0.30  2.00%   
The current 90-days correlation between Gamma Communications plc and T Mobile is 0.05 (i.e., Significant diversification). The correlation of Gamma Communications 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.

Gamma Communications Correlation With Market

Very good diversification

The correlation between Gamma Communications plc and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamma Communications plc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gamma Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gamma Communications 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 Gamma Communications - 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 Gamma Communications plc to buy it.

Moving together with Gamma Stock

  0.65NTT Nippon TelegraphPairCorr
  0.72NLV Nippon TelegraphPairCorr
  0.63HHP2 Hon Hai PrecisionPairCorr
  0.79DBPD Xtrackers ShortDAXPairCorr

Moving against Gamma Stock

  0.79VOW3 Volkswagen AGPairCorr
  0.77VOWB VOLKSWAGEN AG VZPairCorr
  0.77VOW3 Volkswagen AG VZOPairCorr
  0.64DTE Deutsche TelekomPairCorr
  0.64DTE Deutsche TelekomPairCorr
  0.59SOBA ATT IncPairCorr
  0.59DTEA Deutsche TelekomPairCorr
  0.58SOBA ATT IncPairCorr
  0.47BAC Verizon CommunicationsPairCorr
  0.45TM5 T MobilePairCorr
  0.78DBPE Xtrackers LevDAXPairCorr
  0.77VOW Volkswagen AGPairCorr
  0.74JYS1 JYSKE BANKPairCorr
  0.7E908 Lyxor 1PairCorr
  0.68BSN Danone SAPairCorr
  0.68TLLB Trelleborg ABPairCorr
  0.66BRH Berkshire HathawayPairCorr
  0.63TKA thyssenkrupp AGPairCorr
  0.635TP BLUE LABELPairCorr
  0.62KEI KEISEI EL RAILWAY SplitPairCorr
  0.583RE Rejlerkoncernen ABPairCorr
  0.57BY6A BYD LimitedPairCorr
  0.54ROM Rohm CoPairCorr
  0.53MRG Outcrop Silver GoldPairCorr
  0.44HUKI HUHTAMAKIPairCorr

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   
DTE
+ 0.98
DTEA
DTE
+ 0.96
SOBA
DTEA
+ 0.95
SOBA
SOBA
+ 0.94
TM5
DTEA
+ 0.94
TM5
DTE
+ 0.94
TM5
  
High negative correlations   
NLV
- 0.7
DTE
NLV
- 0.68
DTEA
NLV
- 0.66
TM5
NLV
- 0.64
SOBA
NTT
- 0.63
DTE
NTT
- 0.61
DTEA

Risk-Adjusted Indicators

There is a big difference between Gamma Stock performing well and Gamma Communications 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 Gamma Communications' 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 Gamma Communications 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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Gamma Communications Corporate Management

Elected by the shareholders, the Gamma Communications' board of directors comprises two types of representatives: Gamma Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gamma. The board's role is to monitor Gamma Communications' management team and ensure that shareholders' interests are well served. Gamma Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gamma Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
Chris BradfordChief OfficerProfile
William CastellCFO DirectorProfile
James BushellApplication ManagementProfile
Phil StubbsChief OfficerProfile
Chris WadeChief OfficerProfile
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