Generation Development Correlations
| GDG Stock | 4.80 0.19 4.12% |
The current 90-days correlation between Generation Development and Ras Technology Holdings is -0.11 (i.e., Good diversification). The correlation of Generation Development 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.
Generation Development Correlation With Market
Excellent diversification
The correlation between Generation Development Group and DJI is -0.64 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Generation Development Group and DJI in the same portfolio, assuming nothing else is changed.
Generation |
The ability to find closely correlated positions to Generation Development could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Generation Development 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 Generation Development - 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 Generation Development Group to buy it.
Moving together with Generation Stock
Moving against Generation Stock
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| 0.72 | GGR | Golden Globe Resources | PairCorr |
| 0.72 | CYC | Cyclopharm | PairCorr |
| 0.72 | BNR | Bulletin Resources | PairCorr |
| 0.65 | WR1 | Winsome Resources | PairCorr |
| 0.65 | HGH | Heartland Group Holdings | PairCorr |
| 0.65 | AER | Aeeris | PairCorr |
| 0.63 | TVL | Touch Ventures | PairCorr |
| 0.62 | MBK | Metal Bank | PairCorr |
| 0.6 | RFF | Rural Funds Group | PairCorr |
| 0.6 | SBM | ST Barbara Earnings Call This Week | PairCorr |
| 0.6 | PGO | Pacgold | PairCorr |
| 0.59 | GRX | Greenx Metals | PairCorr |
| 0.58 | GW1 | Greenwing Resources | PairCorr |
| 0.55 | GWA | GWA Group Earnings Call This Week | PairCorr |
| 0.5 | MIN | Mineral Resources | PairCorr |
| 0.32 | AAJ | Aruma Resources | PairCorr |
| 0.31 | CBAPM | Commonwealth Bank | PairCorr |
| 0.75 | FAR | FAR | PairCorr |
| 0.75 | SHO | Sportshero | PairCorr |
| 0.73 | DPM | Dpm Metals | PairCorr |
| 0.71 | ELS | Elsight | PairCorr |
| 0.7 | CML | Connected Minerals | PairCorr |
| 0.69 | RSG | Resolute Mining | PairCorr |
| 0.66 | WBCPM | Westpac Banking | PairCorr |
| 0.65 | SFR | Sandfire Resources | PairCorr |
| 0.65 | BFL | BSP Financial Group | PairCorr |
| 0.61 | NEM | Newmont | PairCorr |
| 0.58 | RAG | Ragnar Metals | PairCorr |
| 0.55 | WES | Wesfarmers | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Generation Stock performing well and Generation Development 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 Generation Development'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RTH | 2.86 | (0.43) | 0.00 | 1.33 | 0.00 | 6.19 | 26.81 | |||
| CCA | 2.06 | 0.23 | 0.02 | (0.21) | 2.56 | 5.88 | 19.14 | |||
| IAGPF | 0.28 | 0.01 | (0.14) | 0.16 | 0.40 | 0.62 | 2.85 | |||
| BET | 2.75 | 0.26 | 0.05 | 0.27 | 2.69 | 6.25 | 18.06 | |||
| MAF | 1.84 | 0.15 | 0.02 | (7.77) | 2.26 | 4.08 | 12.25 | |||
| COF | 1.05 | (0.16) | 0.00 | (0.55) | 0.00 | 1.83 | 7.24 | |||
| VVA | 2.64 | (0.09) | 0.00 | 0.24 | 0.00 | 8.00 | 18.15 | |||
| PCI | 0.66 | (0.10) | 0.00 | 0.83 | 0.00 | 1.77 | 6.73 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Generation Development 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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Generation Development Corporate Management
Elected by the shareholders, the Generation Development's board of directors comprises two types of representatives: Generation Development inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Generation. The board's role is to monitor Generation Development's management team and ensure that shareholders' interests are well served. Generation Development'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, Generation Development's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gordon Joseph | Group Controller | Profile | |
| Robert Thomson | Head Division | Profile | |
| Michael Wright | Chief Ltd | Profile | |
| ACIS BCom | Chief Compliance | Profile | |
| Felipe Araujo | Marketing Distribution | Profile | |
| Maxwell Green | Head Fin | Profile |