GA EXpress Correlations

The correlation of GA EXpress 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.

The ability to find closely correlated positions to GA EXpress could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GA EXpress 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 GA EXpress - 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 GA eXpress to buy it.

Moving together with GAEX Pink Sheet

0.65	SHG	Shinhan Financial	Pair Corr
0.8	BCH	Banco De Chile	Pair Corr

Moving against GAEX Pink Sheet

0.92	GS	Goldman Sachs Group Earnings Call This Week	Pair Corr
0.9	RITM-PC	Rithm Capital Corp	Pair Corr
0.87	MC	Moelis	Pair Corr
0.86	DIS	Walt Disney	Pair Corr
0.86	EHGO	Eshallgo Class A	Pair Corr
0.86	SHOP	Shopify	Pair Corr
0.84	FNMFO	Federal National Mortgage	Pair Corr
0.84	BKSY	Blacksky Technology	Pair Corr
0.83	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.79	TDUP	ThredUp	Pair Corr
0.75	EQIX	Equinix	Pair Corr
0.68	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.57	FSLY	Fastly Inc	Pair Corr
0.55	AVAL	Grupo Aval	Pair Corr
0.47	AAPL	Apple Inc	Pair Corr
0.46	CIB	Bancolombia SA ADR	Pair Corr
0.44	ITCL	Banco Ita Chile	Pair Corr
0.34	NVDA	NVIDIA Sell-off Trend	Pair Corr

Related Correlations Analysis

	GUESF	FLXI	FBSE	GBUX	FCGY	RUM	IPEU	RWCRF	WFCF	MLNK
GUESF		0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	0.0	GUESF
FLXI	0.0		-0.25	0.83	0.0	0.82	-0.41	-0.25	0.44	-0.52	FLXI
FBSE	0.0	-0.25		-0.36	0.0	-0.31	0.09	0.42	-0.36	0.22	FBSE
GBUX	0.0	0.83	-0.36		0.0	0.85	-0.37	-0.55	0.71	-0.42	GBUX
FCGY	1.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FCGY
RUM	0.0	0.82	-0.31	0.85	0.0		-0.18	-0.6	0.71	-0.32	RUM
IPEU	0.0	-0.41	0.09	-0.37	0.0	-0.18		-0.11	-0.12	0.24	IPEU
RWCRF	0.0	-0.25	0.42	-0.55	0.0	-0.6	-0.11		-0.81	-0.15	RWCRF
WFCF	0.0	0.44	-0.36	0.71	0.0	0.71	-0.12	-0.81		-0.06	WFCF
MLNK	0.0	-0.52	0.22	-0.42	0.0	-0.32	0.24	-0.15	-0.06		MLNK
	GUESF	FLXI	FBSE	GBUX	FCGY	RUM	IPEU	RWCRF	WFCF	MLNK

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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

FCGY	+ 1.0	GUESF
RUM	+ 0.85	GBUX
GBUX	+ 0.83	FLXI
RUM	+ 0.82	FLXI
WFCF	+ 0.71	GBUX
WFCF	+ 0.71	RUM

High negative correlations

WFCF	- 0.81	RWCRF
RWCRF	- 0.6	RUM
RWCRF	- 0.55	GBUX
MLNK	- 0.52	FLXI
MLNK	- 0.42	GBUX
IPEU	- 0.41	FLXI

Risk-Adjusted Indicators

There is a big difference between GAEX Pink Sheet performing well and GA EXpress 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 GA EXpress' 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
GUESF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FLXI	0.93	0.48	0.00	(2.51)	0.00	0.00	0.00	0.00	14.29
FBSE	11.23	1.78	0.06	0.32	15.05	(20.35)	32.79	(33.33)	138.36
GBUX	6.97	2.45	0.25	1.50	5.66	(12.33)	20.00	(10.53)	78.33
FCGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RUM	6.23	1.64	0.35	0.53	4.08	(8.83)	18.00	(8.37)	90.35
IPEU	0.70	(0.36)	0.00	2.87	0.00	0.00	0.00	0.00	0.00
RWCRF	1.34	0.05	0.00	(0.17)	2.17	(14.82)	0.00	(4.44)	14.89
WFCF	1.76	0.19	0.06	0.99	2.76	(1.76)	3.70	(3.72)	17.91
MLNK	1.30	(0.08)	0.00	(0.22)	0.00	0.00	2.20	(2.58)	9.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in GA EXpress 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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