GetBusy PLC Correlations
| GETB Stock | 75.50 0.50 0.67% |
The current 90-days correlation between GetBusy PLC and Marwyn Value Investors is 0.32 (i.e., Weak diversification). The correlation of GetBusy PLC 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.
GetBusy PLC Correlation With Market
Poor diversification
The correlation between GetBusy PLC and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GetBusy PLC and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to GetBusy PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GetBusy PLC 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 GetBusy PLC - 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 GetBusy PLC to buy it.
Moving together with GetBusy Stock
| 0.71 | 0P4F | Ford Motor | PairCorr |
| 0.74 | KGH | Knights Group Holdings | PairCorr |
| 0.76 | JMGI | JPMorgan Emerging Markets | PairCorr |
| 0.69 | 0R2O | Freeport McMoRan | PairCorr |
| 0.63 | TRY | TR Property Investment | PairCorr |
| 0.61 | CTY | City Of London | PairCorr |
| 0.65 | INVP | Investec PLC | PairCorr |
| 0.61 | IMI | IMI PLC | PairCorr |
| 0.65 | JLP | Jubilee Platinum | PairCorr |
| 0.72 | PRU | Prudential plc | PairCorr |
| 0.66 | AIRE | Alternative Income REIT | PairCorr |
| 0.62 | 0L7G | Snap On | PairCorr |
Moving against GetBusy Stock
| 0.6 | 0R15 | SoftBank Group Corp Earnings Call Tomorrow | PairCorr |
| 0.35 | 0R1E | Nintendo | PairCorr |
| 0.35 | HYG | Seneca Growth Capital | 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 GetBusy Stock performing well and GetBusy PLC 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 GetBusy PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FERG | 1.23 | (0.03) | (0.03) | 0.04 | 1.64 | 2.40 | 8.44 | |||
| GAW | 1.14 | 0.11 | 0.05 | 0.34 | 1.01 | 2.15 | 17.22 | |||
| FLTR | 1.88 | (0.54) | 0.00 | (2.67) | 0.00 | 2.21 | 18.29 | |||
| MVI | 0.29 | 0.08 | (0.01) | (1.73) | 0.00 | 1.10 | 2.18 | |||
| AZN | 0.96 | 0.12 | 0.05 | 0.39 | 1.04 | 2.41 | 7.57 | |||
| NXT | 0.93 | (0.14) | 0.00 | (0.17) | 0.00 | 1.64 | 9.76 | |||
| ASL | 0.59 | 0.18 | 0.09 | (1.74) | 0.63 | 1.31 | 6.65 | |||
| LSEG | 1.39 | (0.37) | 0.00 | (3.42) | 0.00 | 2.15 | 16.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GetBusy PLC 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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GetBusy PLC Corporate Management
Elected by the shareholders, the GetBusy PLC's board of directors comprises two types of representatives: GetBusy PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GetBusy. The board's role is to monitor GetBusy PLC's management team and ensure that shareholders' interests are well served. GetBusy PLC'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, GetBusy PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason Ross | Chief Officer | Profile | |
| Sophie | Marketing Manager | Profile | |
| Ben Oliver | Chief Officer | Profile | |
| Alex Kowalski | CoHead Cabinet | Profile |