GrainCorp Correlations
| GRCLF Stock | USD 4.97 0.01 0.20% |
The current 90-days correlation between GrainCorp Limited and Australian Agricultural is -0.27 (i.e., Very good diversification). The correlation of GrainCorp 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.
GrainCorp Correlation With Market
Good diversification
The correlation between GrainCorp Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GrainCorp Limited and DJI in the same portfolio, assuming nothing else is changed.
GrainCorp |
The ability to find closely correlated positions to GrainCorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GrainCorp 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 GrainCorp - 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 GrainCorp Limited to buy it.
Moving together with GrainCorp Pink Sheet
| 0.69 | ADM | Archer Daniels Midland | PairCorr |
| 0.64 | WLMIF | Wilmar International | PairCorr |
| 0.76 | WLMIY | Wilmar International | PairCorr |
| 0.75 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.8 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | BKRKY | Bank Rakyat | PairCorr |
| 0.65 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
| 0.63 | PTAIY | Astra International Tbk | PairCorr |
| 0.68 | PTBRY | Bank Negara Indonesia Normal Trading | PairCorr |
| 0.71 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.65 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
Moving against GrainCorp Pink Sheet
| 0.85 | MCK | McKesson | PairCorr |
| 0.85 | QBTS | D Wave Quantum Trending | PairCorr |
| 0.78 | MBFJF | Mitsubishi UFJ Financial Normal Trading | PairCorr |
| 0.7 | TSN | Tyson Foods | PairCorr |
| 0.69 | GPMT | Granite Point Mortgage | PairCorr |
| 0.53 | MNHVF | Mowi ASA | PairCorr |
| 0.47 | PTAIF | PT Astra International | PairCorr |
| 0.32 | SSNLF | Samsung Electronics | PairCorr |
| 0.31 | SALRF | SalMar ASA | PairCorr |
| 0.89 | RKLB | Rocket Lab USA | PairCorr |
| 0.87 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | BLND | Blend Labs | PairCorr |
| 0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.83 | T | ATT Inc Aggressive Push | PairCorr |
| 0.75 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.74 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.59 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between GrainCorp Pink Sheet performing well and GrainCorp 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 GrainCorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASAGF | 0.76 | (0.15) | 0.00 | (4.73) | 0.00 | 2.13 | 15.63 | |||
| AGRIW | 27.97 | 5.89 | 0.18 | (1.52) | 23.28 | 86.21 | 161.84 | |||
| AFRIW | 4.60 | (0.35) | 0.00 | (0.10) | 0.00 | 12.07 | 32.86 | |||
| AFRI | 1.14 | (0.24) | 0.00 | (0.18) | 0.00 | 2.22 | 7.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GrainCorp 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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GrainCorp Corporate Management
| Cate Hathaway | Interim Group General Manager Human Resources and SHE | Profile | |
| Jesse Scott | Chief Officer | Profile | |
| Robert BE | MD CEO | Profile | |
| LLB BCom | Group Sec | Profile | |
| Luke Thrum | Sr Relations | Profile | |
| Klaus Pamminger | Group General Manager of Marketing | Profile | |
| MBA LLB | Group Officer | Profile |