Gncc Capital Correlations

GNCP Stock

USD 0.0001 0.00 0.00%

The correlation of Gncc Capital 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.

The ability to find closely correlated positions to Gncc Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gncc Capital 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 Gncc Capital - 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 Gncc Capital to buy it.

Moving together with Gncc Pink Sheet

0.82	KB	KB Financial Group	Pair Corr
0.67	MET	MetLife Sell-off Trend	Pair Corr
0.76	JXN-PA	Jackson Financial	Pair Corr
0.81	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.65	WMT	Walmart Aggressive Push	Pair Corr
0.72	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.73	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.74	HPQ	HP Inc	Pair Corr

Moving against Gncc Pink Sheet

0.78	BKRKY	Bank Rakyat	Pair Corr
0.72	PPERY	Bank Mandiri Persero	Pair Corr
0.72	PPERF	Bank Mandiri Persero	Pair Corr
0.69	BKRKF	PT Bank Rakyat	Pair Corr
0.65	SHG	Shinhan Financial	Pair Corr
0.56	NCMGF	Newcrest Mining	Pair Corr
0.54	NCMGY	Newcrest Mining	Pair Corr
0.5	NEM	Newmont Goldcorp Corp Sell-off Trend	Pair Corr
0.47	GOLD	Barrick Gold Corp	Pair Corr
0.45	PBCRY	Bank Central Asia	Pair Corr
0.38	PTBRY	Bank Negara Indonesia	Pair Corr
0.84	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.61	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.57	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.51	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.33	PG	Procter Gamble Sell-off Trend	Pair Corr

Related Correlations Analysis

	TLRS	MNGG	BRYYF	NWGC	AIVN	RMETF	NKOSF	AIRRF	PUMXF	GLNS
TLRS		0.0	0.0	0.27	0.0	-0.7	0.78	-0.13	-0.68	-0.61	TLRS
MNGG	0.0		1.0	0.0	-1.0	0.0	0.0	0.0	0.0	0.0	MNGG
BRYYF	0.0	1.0		0.0	-1.0	0.0	0.0	0.0	0.0	0.0	BRYYF
NWGC	0.27	0.0	0.0		0.0	-0.44	0.26	-0.24	-0.3	-0.45	NWGC
AIVN	0.0	-1.0	-1.0	0.0		0.0	0.0	0.0	0.0	0.0	AIVN
RMETF	-0.7	0.0	0.0	-0.44	0.0		-0.56	0.55	0.6	0.87	RMETF
NKOSF	0.78	0.0	0.0	0.26	0.0	-0.56		0.12	-0.56	-0.48	NKOSF
AIRRF	-0.13	0.0	0.0	-0.24	0.0	0.55	0.12		0.12	0.54	AIRRF
PUMXF	-0.68	0.0	0.0	-0.3	0.0	0.6	-0.56	0.12		0.54	PUMXF
GLNS	-0.61	0.0	0.0	-0.45	0.0	0.87	-0.48	0.54	0.54		GLNS
	TLRS	MNGG	BRYYF	NWGC	AIVN	RMETF	NKOSF	AIRRF	PUMXF	GLNS

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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

BRYYF	+ 1.0	MNGG
GLNS	+ 0.87	RMETF
NKOSF	+ 0.78	TLRS
PUMXF	+ 0.6	RMETF
AIRRF	+ 0.55	RMETF
GLNS	+ 0.54	AIRRF

High negative correlations

AIVN	- 1.0	BRYYF
AIVN	- 1.0	MNGG
RMETF	- 0.7	TLRS
PUMXF	- 0.68	TLRS
GLNS	- 0.61	TLRS
PUMXF	- 0.56	NKOSF

Risk-Adjusted Indicators

There is a big difference between Gncc Pink Sheet performing well and Gncc Capital 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 Gncc Capital'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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TLRS	5.40	(0.24)	(0.04)	0.00	0.00	20.00	(16.67)	61.90
MNGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRYYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWGC	14.81	5.44	4.59	0.00	0.00	0.00	0.00	480.00
AIVN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RMETF	6.82	2.70	(2.71)	0.00	0.00	42.86	(10.00)	80.95
NKOSF	5.86	(0.15)	0.21	0.00	0.00	13.21	(13.88)	32.11
AIRRF	2.37	0.04	0.19	2.92	(3.53)	5.13	(6.12)	15.14
PUMXF	2.61	0.84	(6.85)	0.00	0.00	4.71	0.00	57.54
GLNS	0.45	0.24	(1.43)	0.00	0.00	0.00	0.00	15.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gncc Capital 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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