Gold River Correlations
| GRPS Stock | USD 0.0003 0.0001 50.00% |
The correlation of Gold River 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.
Gold River Correlation With Market
Good diversification
The correlation between Gold River Prods and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold River Prods and DJI in the same portfolio, assuming nothing else is changed.
Gold |
The ability to find closely correlated positions to Gold River could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold River 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 Gold River - 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 Gold River Prods to buy it.
Moving together with Gold Pink Sheet
| 0.71 | MKKGY | Merck KGaA ADR | PairCorr |
| 0.64 | MKGAF | MERCK Kommanditgesells | PairCorr |
| 0.66 | HLN | Haleon plc | PairCorr |
| 0.77 | TAK | Takeda Pharmaceutical | PairCorr |
| 0.71 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.72 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.65 | PBCRY | Bank Central Asia | PairCorr |
| 0.74 | BKRKY | Bank Rakyat | PairCorr |
| 0.61 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.67 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.63 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Moving against Gold Pink Sheet
| 0.38 | TEVA | Teva Pharma Industries | PairCorr |
| 0.69 | DIS | Walt Disney | PairCorr |
| 0.68 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.68 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.51 | MSFT | Microsoft | PairCorr |
| 0.34 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Gold Pink Sheet performing well and Gold River 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 Gold River'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVGRF | 4.72 | 0.68 | 0.00 | 1.22 | 0.00 | 0.00 | 157.13 | |||
| BHHKF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCLOF | 7.61 | (0.37) | 0.00 | 0.22 | 0.00 | 18.49 | 53.33 | |||
| AXRX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLVR | 10,353 | 5,553 | 61.58 | (1.07) | 258.24 | 1,900 | 333,333 | |||
| IMCC | 5.08 | 0.56 | 0.08 | 0.50 | 6.10 | 8.72 | 74.04 | |||
| ALID | 8.01 | 0.53 | 0.03 | (5.74) | 10.50 | 23.76 | 107.87 | |||
| BFRI | 6.30 | 0.40 | 0.05 | 0.36 | 6.88 | 14.63 | 46.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gold River 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?
Run Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |