Galane Gold Correlations
| GGGOF Stock | USD 0.23 0.01 4.17% |
The current 90-days correlation between Galane Gold and South32 Limited is -0.05 (i.e., Good diversification). The correlation of Galane Gold 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.
Galane Gold Correlation With Market
Good diversification
The correlation between Galane Gold and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Galane Gold and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Galane Gold could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Galane Gold 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 Galane Gold - 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 Galane Gold to buy it.
Moving together with Galane OTC Stock
| 0.69 | ATCOL | Atlas Corp | PairCorr |
| 0.87 | PCTTW | PureCycle Technologies | PairCorr |
| 0.67 | GCMGW | GCM Grosvenor | PairCorr |
| 0.67 | ASTSW | AST SpaceMobile | PairCorr |
| 0.75 | PTAIF | PT Astra International | PairCorr |
| 0.77 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.72 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.72 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.66 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.63 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.79 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
Moving against Galane OTC Stock
| 0.82 | PIFMF | PT Indofood Sukses | PairCorr |
| 0.76 | GOEVW | Canoo Holdings | PairCorr |
| 0.76 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.65 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.6 | CHKEZ | Chesapeake Energy Symbol Change | PairCorr |
| 0.52 | CHKEL | Chesapeake Energy Symbol Change | PairCorr |
| 0.47 | CHKEW | Chesapeake Energy Symbol Change | PairCorr |
| 0.78 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.54 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.35 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Galane OTC Stock performing well and Galane Gold OTC Stock 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 Galane Gold'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHTLF | 1.67 | 0.33 | 0.03 | (68.21) | 1.90 | 4.80 | 28.25 | |||
| NB | 3.33 | (0.41) | 0.00 | (0.61) | 0.00 | 5.33 | 28.43 | |||
| 444859BR2 | 1.36 | (0.03) | 0.00 | 0.24 | 0.00 | 5.93 | 16.62 | |||
| SCRYY | 2.07 | 0.36 | 0.08 | (0.73) | 2.02 | 5.61 | 12.99 | |||
| AQUI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APAAX | 0.14 | 0.02 | (0.38) | (0.13) | 0.14 | 0.31 | 1.13 | |||
| SCRYX | 0.95 | 0.11 | 0.01 | 0.70 | 0.91 | 2.10 | 7.88 | |||
| LBHIX | 0.12 | 0.02 | (0.44) | 1.66 | 0.00 | 0.24 | 0.96 | |||
| MSTSX | 0.49 | 0.04 | (0.14) | (0.75) | 0.52 | 1.21 | 2.80 | |||
| ID | 3.84 | 0.83 | 0.15 | 1.41 | 3.95 | 7.89 | 20.54 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Galane Gold 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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Galane Gold Corporate Executives
Elected by the shareholders, the Galane Gold's board of directors comprises two types of representatives: Galane Gold inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Galane. The board's role is to monitor Galane Gold's management team and ensure that shareholders' interests are well served. Galane Gold'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, Galane Gold's outside directors are responsible for providing unbiased perspectives on the board's policies.
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