Golden Agri-Resources Correlations

GARPY Stock  USD 19.20  0.20  1.05%   
The current 90-days correlation between Golden Agri Resources and Austevoll Seafood ASA is -0.2 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Golden Agri-Resources Correlation With Market

Significant diversification

The correlation between Golden Agri Resources and DJI is 0.07 (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

  0.69ADM Archer Daniels MidlandPairCorr
  0.74BG Bunge LimitedPairCorr

Moving against Golden Pink Sheet

  0.87WM Waste ManagementPairCorr
  0.79MZHOF Mizuho FinancialPairCorr
  0.76MFG Mizuho FinancialPairCorr
  0.73WLMIY Wilmar InternationalPairCorr
  0.73SALRF SalMar ASAPairCorr
  0.68KLKBF Kuala Lumpur KepongPairCorr
  0.68GLU Gabelli Global UtilityPairCorr
  0.64TSN Tyson FoodsPairCorr
  0.6MBFJF Mitsubishi UFJ FinancialPairCorr
  0.57PLTR Palantir TechnologiesPairCorr
  0.54MUFG Mitsubishi UFJ FinancialPairCorr
  0.54SMFG Sumitomo Mitsui FinancialPairCorr
  0.54HROWM Harrow Health, 11875PairCorr
  0.54GTN Gray TelevisionPairCorr
  0.43MENEF Mene IncPairCorr
  0.36SMFNF Sumitomo Mitsui FinancialPairCorr
  0.31SSNLF Samsung ElectronicsPairCorr

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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WLMIYASTVF
VFFGCEH
LNDSALRY
  
High negative correlations   
SLCJYEDBL
SLCJYGCEH
WLMIYEDBL
WLMIYGCEH
SLCJYVFF
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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GCEH  8.59  0.57  0.05  0.53  10.16 
 15.79 
 115.21 
EDBL  7.94  0.27  0.02  0.03  8.31 
 14.83 
 93.81 
LOCL  4.14  0.90  0.22 (1.41) 3.82 
 6.54 
 88.92 
VFF  2.64 (0.13) 0.00 (0.42) 0.00 
 5.48 
 20.45 
ASTVF  0.50  0.13  0.00  0.93  0.00 
 0.00 
 16.81 
SALRY  2.68  0.14  0.04  0.09  3.72 
 6.00 
 15.64 
WLMIY  1.11  0.12  0.11  0.94  1.44 
 2.61 
 8.24 
LND  1.24  0.04  0.05  0.04  1.64 
 2.77 
 6.11 
SLCJY  1.61  0.12  0.04  0.24  2.65 
 3.54 
 19.41 

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 NevilleChief OfficerProfile
Khoo YeowChief OfficerProfile
Richard FungDirector RelationsProfile
Paul HickmanHead of Global Vegetable Oils and OilseedsProfile