Goodman Correlations
| GMGSF Stock | USD 19.30 0.24 1.26% |
The correlation of Goodman 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.
Goodman Correlation With Market
Good diversification
The correlation between Goodman Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goodman Group and DJI in the same portfolio, assuming nothing else is changed.
Goodman |
The ability to find closely correlated positions to Goodman could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Goodman 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 Goodman - 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 Goodman Group to buy it.
Moving together with Goodman Pink Sheet
| 0.7 | GSEFF | Covivio | PairCorr |
| 0.72 | BKRKY | Bank Rakyat | PairCorr |
| 0.69 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.77 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.7 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.69 | PBCRY | Bank Central Asia | PairCorr |
Moving against Goodman Pink Sheet
| 0.78 | RNMBF | Rheinmetall AG | PairCorr |
| 0.72 | WPC | W P Carey | PairCorr |
| 0.71 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.69 | TCTZF | Tencent Holdings Earnings Call This Week | PairCorr |
| 0.59 | EC | Ecopetrol SA ADR | PairCorr |
| 0.57 | VICI | VICI Properties | PairCorr |
| 0.57 | LH | Laboratory | PairCorr |
| 0.45 | BCDA | Biocardia | PairCorr |
| 0.44 | NEM | Newmont Goldcorp Corp Buyout Trend | PairCorr |
| 0.43 | SSNLF | Samsung Electronics | PairCorr |
| 0.81 | ABBV | AbbVie Inc Sell-off Trend | PairCorr |
| 0.81 | CCU | Compania Cervecerias | PairCorr |
| 0.74 | CYBQF | CYBERDYNE | PairCorr |
| 0.71 | PM | Philip Morris Intern | PairCorr |
| 0.71 | RSLBF | RaySearch Laboratories | PairCorr |
| 0.7 | ORKLF | Orkla ASA | PairCorr |
| 0.7 | WELL | Welltower | PairCorr |
| 0.69 | PGEN | Precigen Earnings Call This Week | PairCorr |
| 0.68 | BFAM | Bright Horizons Family | PairCorr |
| 0.64 | NI | NiSource | PairCorr |
Related Correlations Analysis
| 0.28 | 0.0 | 0.62 | 0.0 | -0.16 | 0.11 | CHCI | ||
| 0.28 | 0.0 | 0.16 | 0.0 | 0.59 | -0.24 | JOE | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HHC | ||
| 0.62 | 0.16 | 0.0 | 0.0 | -0.36 | 0.63 | STRS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HLDVF | ||
| -0.16 | 0.59 | 0.0 | -0.36 | 0.0 | -0.48 | MTSFY | ||
| 0.11 | -0.24 | 0.0 | 0.63 | 0.0 | -0.48 | NDVLY | ||
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Goodman Pink Sheet performing well and Goodman 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 Goodman'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CHCI | 2.18 | (0.40) | 0.00 | 4.37 | 0.00 | 3.01 | 15.01 | |||
| JOE | 1.13 | (0.03) | 0.00 | (0.16) | 0.00 | 2.41 | 8.28 | |||
| HHC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| STRS | 1.95 | (0.30) | 0.00 | (0.44) | 0.00 | 3.65 | 12.43 | |||
| HLDVF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MTSFY | 1.25 | 0.11 | 0.10 | 0.03 | 1.45 | 2.77 | 7.89 | |||
| NDVLY | 6.46 | 0.17 | 0.04 | 12.45 | 7.05 | 12.90 | 37.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Goodman 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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Goodman Corporate Management
| Daniel Peeters | Exec Director | Profile | |
| James Inwood | Head Relations | Profile | |
| Michelle Chaperon | Head Communications | Profile | |
| BEcon CA | CEO CEO | Profile | |
| Nick Vrondas | Group Officer | Profile | |
| Nicholas Kurtis | Group Equities | Profile |