| GFP Stock | | | 5.38 0.08 1.47% |
The current 90-days correlation between GreenFirst Forest and Itafos Corp is -0.26 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GreenFirst Forest moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GreenFirst Forest Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
GreenFirst Forest Correlation With Market
Significant diversification
The correlation between GreenFirst Forest Products and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GreenFirst Forest Products and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to GreenFirst Forest could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GreenFirst Forest 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 GreenFirst Forest - 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 GreenFirst Forest Products to buy it.
Moving together with GreenFirst Stock
Moving against GreenFirst Stock
Related Correlations Analysis
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 | IFOS | | CFF | | ICLTF | | IFOS | | BLM | | CFF | | BLM | | ICLTF |
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Risk-Adjusted IndicatorsThere is a big difference between GreenFirst Stock performing well and GreenFirst Forest 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 GreenFirst Forest'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 GreenFirst Forest 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.
| | Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
GreenFirst Forest Corporate Management
Elected by the shareholders, the GreenFirst Forest's board of directors comprises two types of representatives: GreenFirst Forest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GreenFirst. The board's role is to monitor GreenFirst Forest's management team and ensure that shareholders' interests are well served. GreenFirst Forest'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, GreenFirst Forest's outside directors are responsible for providing unbiased perspectives on the board's policies.