| GPH Stock | | | CAD 0.65 0.01 1.56% |
The current 90-days correlation between Graphite One and Outcrop Gold Corp is 0.14 (i.e., Average diversification). The correlation of Graphite One 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.
Graphite One Correlation With Market
Significant diversification
The correlation between Graphite One and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphite One and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Graphite One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Graphite One 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 Graphite One - 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 Graphite One to buy it.
Moving together with Graphite Stock
Moving against Graphite 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 | GPG | | OCG | | KS | | OCG | | KS | | GPG | | OCG | | MMN | | GPG | | MMN | | KS | | MMN |
| | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Graphite Stock performing well and Graphite One 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 Graphite One'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 Graphite One 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.
| | Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
Graphite One Corporate Management
Elected by the shareholders, the Graphite One's board of directors comprises two types of representatives: Graphite One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Graphite. The board's role is to monitor Graphite One's management team and ensure that shareholders' interests are well served. Graphite One'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, Graphite One's outside directors are responsible for providing unbiased perspectives on the board's policies.