General American Correlations

Preferred Stocks . USA . 
Preferred Stock . General American Investors
GAM-PB Preferred Stock  USD 25.00  0.06  0.24%   
The current 90-days correlation between General American Inv and The Gabelli Equity is 0.15 (i.e., Average diversification). The correlation of General American 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.

General American Correlation With Market

Good diversification

The correlation between General American Investors and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General American Investors and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to General American 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 American 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 American - 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 American Investors to buy it.

Moving against General Preferred Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

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

Eugene StarkPrincipal AdminProfile
CFA CFAVPProfile
Anang CFAVPProfile
Samantha JinTreasurer OfficerProfile
Linda GenidCo SecProfile
Connie MariaAssistant MangProfile
Jeffrey PriestPresident, CEOProfile
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