Gemfields Correlations

Stocks . South Africa . 
Stock . Gemfields Group
GML Stock   158.00  2.00  1.25%   
The current 90-days correlation between Gemfields Group and Impala Platinum Holdings is 0.07 (i.e., Significant diversification). The correlation of Gemfields 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.

Gemfields Correlation With Market

Good diversification

The correlation between Gemfields Group and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gemfields Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Gemfields could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gemfields 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 Gemfields - 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 Gemfields Group to buy it.

Moving together with Gemfields Stock

  0.93AFE AECIPairCorr
  0.91RDF Redefine PropertiesPairCorr

Moving against Gemfields Stock

  0.93AEG AvengPairCorr
  0.91OMN Omnia HoldingsPairCorr
  0.87AEL Allied ElectronicsPairCorr
  0.8ABSP ABSA Bank LimitedPairCorr
  0.78PPH Pepkor HoldingsPairCorr
  0.61ART ArgentPairCorr
  0.55CLS ClicksPairCorr
  0.54EMN eMedia HoldingsPairCorr
  0.47SAP SappiPairCorr
  0.44LHC Life HealthcarePairCorr
  0.42CLH City Lodge HotelsPairCorr
  0.94WBC We Buy CarsPairCorr
  0.93BAT Brait SEPairCorr
  0.91DSY Discovery HoldingsPairCorr
  0.9DIB Dipula IncomePairCorr
  0.85BTI British American TobaccoPairCorr
  0.82MRP Mr Price GroupPairCorr
  0.8AHL AH Vest LimitedPairCorr
  0.79SBP Sabvest CapitalPairCorr
  0.77RMH RMB HoldingsPairCorr
  0.65AFH Alexander Forbes GrpPairCorr
  0.64ADH AdvtechPairCorr
  0.63CPI Capitec Bank HoldingsPairCorr
  0.55TGA Thungela ResourcesPairCorr
  0.45AVI AviPairCorr
  0.41AGL Anglo American PLCPairCorr
  0.4ANI Afine InvestmentsPairCorr
  0.39NPN Naspers LimitedPairCorr
  0.35SAR Safari Investments RSAPairCorr

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   
SOLBE1
+ 0.92
GML
GRT
+ 0.52
GML
GRT
+ 0.42
SOLBE1
STXCAP
+ 0.42
GRT
STXCAP
+ 0.39
SOLBE1
SHP
+ 0.37
GLOBAL
  
High negative correlations   
GLOBAL
- 0.86
SOLBE1
GLOBAL
- 0.85
GML
SHP
- 0.55
GML
GLOBAL
- 0.48
GRT
SHP
- 0.44
SOLBE1
SHP
- 0.43
ETFRHO

Risk-Adjusted Indicators

There is a big difference between Gemfields Stock performing well and Gemfields 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 Gemfields' 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 Gemfields 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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Gemfields Corporate Management

Elected by the shareholders, the Gemfields' board of directors comprises two types of representatives: Gemfields inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gemfields. The board's role is to monitor Gemfields' management team and ensure that shareholders' interests are well served. Gemfields' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gemfields' outside directors are responsible for providing unbiased perspectives on the board's policies.
Toby HewittGroup SecProfile
BCom ACACFO DirectorProfile
Dewald BlomChief OfficerProfile
Sean BScCEO DirectorProfile
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