Garda Diversified Correlations
| GDF Stock | 1.21 0.01 0.83% |
The current 90-days correlation between Garda Diversified Ppty and Australian Unity Office is 0.03 (i.e., Significant diversification). The correlation of Garda Diversified 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.
Garda Diversified Correlation With Market
Significant diversification
The correlation between Garda Diversified Ppty 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 Garda Diversified Ppty and DJI in the same portfolio, assuming nothing else is changed.
Garda |
The ability to find closely correlated positions to Garda Diversified could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garda Diversified 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 Garda Diversified - 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 Garda Diversified Ppty to buy it.
Moving together with Garda Stock
| 0.85 | CDP | Carindale Property Trust | PairCorr |
| 0.67 | CBAPK | Commonwealth Bank | PairCorr |
| 0.79 | CCP | Credit Corp Group | PairCorr |
| 0.67 | WBCPM | Westpac Banking | PairCorr |
Moving against Garda Stock
| 0.73 | CQR | Charter Hall Retail | PairCorr |
| 0.7 | ATM | Aneka Tambang Tbk | PairCorr |
| 0.64 | GDI | GDI Property Group | PairCorr |
| 0.59 | VCX | Vicinity Centres | PairCorr |
| 0.52 | AOF | Australian Unity Office | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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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Risk-Adjusted Indicators
There is a big difference between Garda Stock performing well and Garda Diversified 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 Garda Diversified'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AOF | 0.63 | (0.09) | 0.00 | 0.51 | 0.00 | 1.77 | 7.14 | |||
| CIA | 2.19 | (0.14) | 0.00 | (0.04) | 0.00 | 4.08 | 21.48 | |||
| RIC | 1.16 | 0.36 | 0.18 | 3.43 | 0.89 | 2.45 | 9.18 | |||
| PEX | 3.47 | 0.14 | 0.02 | 0.25 | 4.23 | 10.00 | 25.38 | |||
| AHF | 4.18 | 0.94 | 0.13 | 1.83 | 3.65 | 10.53 | 28.76 | |||
| PCI | 0.64 | 0.06 | (0.04) | 0.90 | 0.67 | 0.91 | 6.78 | |||
| TLX | 1.95 | 0.22 | 0.05 | 0.62 | 2.52 | 4.16 | 12.13 | |||
| GRE | 4.20 | 0.03 | 0.00 | 0.15 | 5.24 | 11.11 | 39.02 | |||
| TLM | 3.06 | 0.31 | 0.04 | (1.92) | 2.89 | 9.52 | 19.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Garda Diversified 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Garda Diversified Corporate Management
Elected by the shareholders, the Garda Diversified's board of directors comprises two types of representatives: Garda Diversified inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Garda. The board's role is to monitor Garda Diversified's management team and ensure that shareholders' interests are well served. Garda Diversified's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Garda Diversified's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Paul Brown | Head Group | Profile | |
| Paul Lohr | Head Management | Profile | |
| Matthew Burrows | Head Group | Profile | |
| David Addis | Chief Officer | Profile | |
| Matthew Madsen | Executive Limited | Profile | |
| Lachlan Davidson | General Secretary | Profile |