Geodrill Correlations

GEO Stock

CAD 3.63 0.05 1.40%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Geodrill moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geodrill Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Geodrill Correlation With Market

Good diversification

The correlation between Geodrill Limited and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geodrill Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Geodrill Stock

0.8	ATH	Athabasca Oil Corp	Pair Corr
0.72	IPO	InPlay Oil Corp	Pair Corr
0.64	INFM	Infinico Metals Corp	Pair Corr
0.56	PWF-PA	Power Financial Corp	Pair Corr
0.55	FTT	Finning International	Pair Corr
0.53	DAN	Arianne Phosphate	Pair Corr
0.51	EXE	Extendicare Earnings Call This Week	Pair Corr
0.44	WAST	Waste Management CDR	Pair Corr
0.4	ORE	Orezone Gold Corp	Pair Corr
0.38	TI	Titan Mining Corp	Pair Corr
0.34	CWEB	Charlottes Web Holdings	Pair Corr
0.32	AG	First Majestic Silver	Pair Corr
0.72	COLA	Coca Cola	Pair Corr
0.6	TVE	Tamarack Valley Energy Earnings Call This Week	Pair Corr
0.56	BCE	BCE Inc	Pair Corr
0.47	BTE	Baytex Energy Corp	Pair Corr
0.44	TMG	Thermal Energy Inter	Pair Corr
0.44	ETG	Entree Resources	Pair Corr
0.43	MKO	Mako Mining Corp	Pair Corr
0.42	DOS	Dios Exploration	Pair Corr
0.41	BTO	B2Gold Corp	Pair Corr

Related Correlations Analysis

	FAR	FL	CVV	GPH	GLO	DBG	NIM	LAM
FAR		0.63	0.81	0.37	0.52	0.5	0.93	0.88	FAR
FL	0.63		0.84	0.69	0.53	0.69	0.47	0.76	FL
CVV	0.81	0.84		0.57	0.6	0.65	0.69	0.94	CVV
GPH	0.37	0.69	0.57		0.73	0.42	0.2	0.41	GPH
GLO	0.52	0.53	0.6	0.73		0.41	0.38	0.52	GLO
DBG	0.5	0.69	0.65	0.42	0.41		0.37	0.56	DBG
NIM	0.93	0.47	0.69	0.2	0.38	0.37		0.8	NIM
LAM	0.88	0.76	0.94	0.41	0.52	0.56	0.8		LAM
	FAR	FL	CVV	GPH	GLO	DBG	NIM	LAM

Risk-Adjusted Indicators

There is a big difference between Geodrill Stock performing well and Geodrill 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 Geodrill'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
FAR	1.58	0.64	0.35	0.87	0.97	(1.88)	4.51	(2.40)	9.99
FL	3.04	0.30	0.06	5.97	3.10	(4.49)	8.60	(6.45)	20.36
CVV	4.97	0.87	0.14	(5.33)	4.80	(6.52)	12.73	(9.09)	31.50
GPH	4.36	0.00	0.06	0.00	4.68	(6.13)	12.33	(8.92)	32.67
GLO	4.70	0.97	0.13	(4.59)	5.60	(5.81)	10.34	(9.59)	43.61
DBG	4.49	0.95	0.20	0.45	3.80	(6.39)	15.32	(7.43)	40.10
NIM	3.18	0.68	0.15	1.71	3.47	(4.22)	10.87	(5.05)	28.32
LAM	4.10	0.86	0.16	(12.14)	4.11	(4.97)	11.39	(6.78)	23.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Geodrill 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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Geodrill Corporate Management

Elected by the shareholders, the Geodrill's board of directors comprises two types of representatives: Geodrill inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Geodrill. The board's role is to monitor Geodrill's management team and ensure that shareholders' interests are well served. Geodrill'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, Geodrill's outside directors are responsible for providing unbiased perspectives on the board's policies.

Victoria DipIOD	Corporate Secretary	Profile
Terry Burling	Chief Officer	Profile
Gregory Borsk	Chief Officer	Profile
Victoria Prentice	Corporate Secretary	Profile

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