Golden Agri-Resources Correlations

GARPF Stock

USD 0.14 0.09 39.13%

The current 90-days correlation between Golden Agri Resources and SLC Agricola SA is 0.01 (i.e., Significant diversification). The correlation of Golden Agri-Resources 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.

Golden Agri-Resources Correlation With Market

Significant diversification

The correlation between Golden Agri Resources and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden Agri Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Golden Pink Sheet

0.77	KLKBF	Kuala Lumpur Kepong	Pair Corr
0.65	CICHF	China Construction Bank	Pair Corr
0.61	T	ATT Inc Aggressive Push	Pair Corr
0.75	AXIL	AXIL Brands,	Pair Corr
0.71	AAVMY	ABN AMRO Bank Normal Trading	Pair Corr
0.82	GPI	Group 1 Automotive	Pair Corr
0.83	META	Meta Platforms	Pair Corr
0.67	VOLVF	Volvo AB ser	Pair Corr
0.68	PINS	Pinterest	Pair Corr
0.82	KPLTW	Katapult Holdings Equity	Pair Corr
0.75	HWM	Howmet Aerospace	Pair Corr
0.8	CYMHF	Cymat Technologies	Pair Corr

Moving against Golden Pink Sheet

0.79	BG	Bunge Limited	Pair Corr
0.69	ADM	Archer Daniels Midland	Pair Corr
0.62	TSN	Tyson Foods	Pair Corr
0.55	PBCRF	PT Bank Central	Pair Corr
0.71	U4R90AAB4	HLF 4875 01	Pair Corr
0.61	IPIX	Innovation Pharmaceuticals	Pair Corr

Related Correlations Analysis

	WLMIY	SLCJY	LND	ALCO	GLGLF	EDBL	VITL	LOCL	GCEH	LMNR
WLMIY		0.56	0.26	0.25	0.0	-0.37	-0.43	0.18	-0.51	-0.25	WLMIY
SLCJY	0.56		0.59	-0.12	0.0	-0.67	-0.51	-0.09	-0.64	0.18	SLCJY
LND	0.26	0.59		-0.25	0.0	-0.64	-0.48	-0.06	-0.57	0.53	LND
ALCO	0.25	-0.12	-0.25		0.0	0.3	0.56	0.39	-0.1	-0.78	ALCO
GLGLF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	GLGLF
EDBL	-0.37	-0.67	-0.64	0.3	0.0		0.54	0.3	0.49	-0.45	EDBL
VITL	-0.43	-0.51	-0.48	0.56	0.0	0.54		0.05	0.32	-0.49	VITL
LOCL	0.18	-0.09	-0.06	0.39	0.0	0.3	0.05		0.11	-0.52	LOCL
GCEH	-0.51	-0.64	-0.57	-0.1	0.0	0.49	0.32	0.11		-0.08	GCEH
LMNR	-0.25	0.18	0.53	-0.78	0.0	-0.45	-0.49	-0.52	-0.08		LMNR
	WLMIY	SLCJY	LND	ALCO	GLGLF	EDBL	VITL	LOCL	GCEH	LMNR

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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

LND	+ 0.59	SLCJY
SLCJY	+ 0.56	WLMIY
VITL	+ 0.56	ALCO
VITL	+ 0.54	EDBL
LMNR	+ 0.53	LND
GCEH	+ 0.49	EDBL

High negative correlations

LMNR	- 0.78	ALCO
EDBL	- 0.67	SLCJY
EDBL	- 0.64	LND
GCEH	- 0.64	SLCJY
GCEH	- 0.57	LND
LMNR	- 0.52	LOCL

Risk-Adjusted Indicators

There is a big difference between Golden Pink Sheet performing well and Golden Agri-Resources 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 Golden Agri-Resources' 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
WLMIY	1.09	0.02	0.01	0.09	1.49	(1.05)	2.86	(2.47)	8.24
SLCJY	1.73	0.21	0.05	4.30	2.81	(1.94)	3.85	(4.07)	19.41
LND	1.05	(0.21)	0.00	44.43	0.00	0.00	1.69	(3.23)	6.11
ALCO	1.74	0.26	0.16	0.78	1.52	(2.17)	3.61	(2.82)	23.20
GLGLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EDBL	6.97	1.17	0.16	0.34	5.18	(16.50)	13.64	(9.09)	91.43
VITL	2.32	0.17	0.05	(0.39)	3.25	(2.26)	4.32	(4.49)	15.13
LOCL	4.47	0.84	0.17	(1.09)	4.22	(6.08)	6.54	(6.36)	88.92
GCEH	8.30	1.25	0.11	2.82	9.25	(11.39)	15.79	(14.02)	115.21
LMNR	1.49	(0.19)	0.00	0.48	0.00	0.00	2.69	(4.10)	10.70

Be your own money manager

Our tools can tell you how much better you can do entering a position in Golden Agri-Resources 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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Golden Agri-Resources Corporate Management

Anita Neville	Chief Officer	Profile
Khoo Yeow	Chief Officer	Profile
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