GEO JS Correlations

GJST Stock

USD 0 0.0003 9.09%

The current 90-days correlation between GEO JS Tech and Garibaldi Resources Corp is -0.03 (i.e., Good diversification). The correlation of GEO JS 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.

GEO JS Correlation With Market

Significant diversification

The correlation between GEO JS Tech and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GEO JS Tech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GEO Pink Sheet

0.76	SHG	Shinhan Financial	Pair Corr
0.72	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Moving against GEO Pink Sheet

0.82	AVAL	Grupo Aval	Pair Corr
0.81	FNMFO	Federal National Mortgage	Pair Corr
0.57	CIB	Bancolombia SA ADR	Pair Corr
0.5	ITCL	Banco Ita Chile	Pair Corr
0.92	WMT	Walmart	Pair Corr
0.87	DIS	Walt Disney	Pair Corr
0.8	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.71	HD	Home Depot	Pair Corr
0.66	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.64	CSCO	Cisco Systems	Pair Corr
0.55	PG	Procter Gamble	Pair Corr
0.49	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.46	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.34	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	GGIFF	GTAGF	HNCKF	NAK	AABB	AVRTF	AUMTF	BBBMF	ADTLF	ALMTF
GGIFF		-0.26	-0.16	0.18	-0.23	-0.03	0.13	0.05	0.22	-0.16	GGIFF
GTAGF	-0.26		0.65	-0.79	0.83	0.53	0.25	0.13	-0.64	-0.26	GTAGF
HNCKF	-0.16	0.65		-0.73	0.73	0.56	0.31	0.36	-0.54	-0.25	HNCKF
NAK	0.18	-0.79	-0.73		-0.8	-0.67	-0.45	-0.45	0.49	0.19	NAK
AABB	-0.23	0.83	0.73	-0.8		0.65	0.28	0.24	-0.72	-0.37	AABB
AVRTF	-0.03	0.53	0.56	-0.67	0.65		0.58	0.77	-0.08	-0.25	AVRTF
AUMTF	0.13	0.25	0.31	-0.45	0.28	0.58		0.49	0.07	-0.15	AUMTF
BBBMF	0.05	0.13	0.36	-0.45	0.24	0.77	0.49		0.31	0.0	BBBMF
ADTLF	0.22	-0.64	-0.54	0.49	-0.72	-0.08	0.07	0.31		0.42	ADTLF
ALMTF	-0.16	-0.26	-0.25	0.19	-0.37	-0.25	-0.15	0.0	0.42		ALMTF
	GGIFF	GTAGF	HNCKF	NAK	AABB	AVRTF	AUMTF	BBBMF	ADTLF	ALMTF

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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

AABB	+ 0.83	GTAGF
BBBMF	+ 0.77	AVRTF
AABB	+ 0.73	HNCKF
HNCKF	+ 0.65	GTAGF
AVRTF	+ 0.65	AABB
AUMTF	+ 0.58	AVRTF

High negative correlations

AABB	- 0.8	NAK
NAK	- 0.79	GTAGF
NAK	- 0.73	HNCKF
ADTLF	- 0.72	AABB
AVRTF	- 0.67	NAK
ADTLF	- 0.64	GTAGF

Risk-Adjusted Indicators

There is a big difference between GEO Pink Sheet performing well and GEO JS 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 GEO JS'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
GGIFF	12.02	2.03	0.05	(0.83)	13.76	(37.88)	26.50	(20.00)	210.00
GTAGF	6.54	(0.14)	0.00	0.14	0.00	0.00	11.11	(14.29)	47.40
HNCKF	2.99	0.02	(0.02)	0.03	3.30	(5.48)	5.56	(5.26)	11.44
NAK	3.57	0.46	0.19	0.27	2.43	(6.65)	10.00	(4.35)	29.69
AABB	4.12	(0.85)	0.00	2.32	0.00	0.00	11.11	(10.28)	29.08
AVRTF	2.52	(1.43)	0.00	(0.90)	0.00	0.00	0.00	0.00	84.29
AUMTF	2.07	(0.82)	0.00	(1.46)	0.00	0.00	0.00	0.00	73.07
BBBMF	18.18	7.89	0.00	(5.99)	0.00	0.00	0.00	0.00	667.47
ADTLF	1.88	0.61	0.11	(13.04)	1.57	(4.74)	5.20	(4.49)	25.51
ALMTF	2.47	0.19	0.02	(0.90)	2.57	(3.73)	6.56	(4.69)	16.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in GEO JS 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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