GBX International Correlations
| GBXI Stock | USD 0.0002 0.00 0.00% |
The current 90-days correlation between GBX International and INEO Tech Corp is 0.01 (i.e., Significant diversification). The correlation of GBX International 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.
GBX International Correlation With Market
Very good diversification
The correlation between GBX International Group and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GBX International Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to GBX International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GBX International 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 GBX International - 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 GBX International Group to buy it.
Moving together with GBX Pink Sheet
| 0.65 | WPPGF | WPP plc | PairCorr |
| 0.66 | WPP | WPP PLC ADR | PairCorr |
| 0.69 | RWAYL | MSCI ACWI exAUCONSUMER | PairCorr |
| 0.7 | SMLR | Semler Scientific | PairCorr |
| 0.65 | NBIX | Neurocrine Biosciences | PairCorr |
| 0.63 | DASH | DoorDash, Class A | PairCorr |
| 0.72 | YPF | YPF Sociedad Anonima | PairCorr |
| 0.69 | RELY | Remitly Global Tech Boost | PairCorr |
| 0.73 | SUM | Summit Materials | PairCorr |
Moving against GBX Pink Sheet
| 0.68 | PKX | POSCO Holdings | PairCorr |
| 0.65 | DNTUY | Dentsu Inc ADR | PairCorr |
| 0.56 | CYGIY | CyberAgent ADR | PairCorr |
| 0.51 | JCDXF | JCDecaux SA | PairCorr |
| 0.44 | EC | Ecopetrol SA ADR | PairCorr |
| 0.42 | OMC | Omnicom Group | PairCorr |
| 0.39 | IPG | Interpublic Group | PairCorr |
| 0.31 | CMGR | Clubhouse Media Group | PairCorr |
| 0.68 | MEDS | Trxade Group Symbol Change | PairCorr |
| 0.4 | 251566AA3 | DT 3625 21 | PairCorr |
| 0.4 | TSCO | Tractor Supply | PairCorr |
Related Correlations Analysis
| -0.22 | -0.62 | 0.89 | -0.55 | INEOF | ||
| -0.22 | 0.63 | -0.36 | 0.11 | MCHX | ||
| -0.62 | 0.63 | -0.68 | 0.54 | SNIPF | ||
| 0.89 | -0.36 | -0.68 | -0.64 | MMDDF | ||
| -0.55 | 0.11 | 0.54 | -0.64 | EEX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GBX Pink Sheet performing well and GBX International 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 GBX International'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INEOF | 1.73 | (0.38) | 0.00 | 0.52 | 0.00 | 0.00 | 79.58 | |||
| MCHX | 2.79 | 0.30 | 0.10 | 0.48 | 2.70 | 7.51 | 24.10 | |||
| SNIPF | 5.26 | 0.91 | 0.16 | (2.62) | 4.65 | 13.48 | 43.84 | |||
| MMDDF | 2.09 | (1.09) | 0.00 | (5.29) | 0.00 | 0.00 | 49.21 | |||
| EEX | 2.29 | 0.06 | 0.02 | 0.08 | 3.42 | 4.12 | 20.98 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GBX International 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.Did you try this?
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GBX International Corporate Management
| Richard Stockdale | VP Director | Profile | |
| Lee Caplin | Chief Officer | Profile | |
| Raymond Murphy | COO Director | Profile | |
| Guy Griffithe | President | Profile | |
| Jim Farnsworth | Director Marketing | Profile |