GEO JS Correlations

GJST Stock

USD 0.03 0 5.42%

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 0.09 (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

0.74	BHPLF	BHP Group Limited	Pair Corr
0.82	BHP	BHP Group Limited	Pair Corr
0.83	RIO	Rio Tinto ADR	Pair Corr
0.74	RTNTF	Rio Tinto Group	Pair Corr
0.82	RTPPF	Rio Tinto Group	Pair Corr
0.92	GLCNF	Glencore PLC	Pair Corr
0.92	GLNCY	Glencore PLC ADR	Pair Corr
0.82	VALE	Vale SA ADR Aggressive Push	Pair Corr
0.68	BCH	Banco De Chile	Pair Corr
0.77	SMEGF	Siemens Energy AG	Pair Corr
0.75	BNPQY	BNP Paribas SA	Pair Corr
0.74	ZETA	Zeta Global Holdings	Pair Corr
0.85	NKRKY	Nokian Tyres Plc	Pair Corr
0.8	GVA	Granite Construction	Pair Corr
0.71	DTSQU	DT Cloud Star	Pair Corr
0.62	ROLR	High Roller Technologies Trending	Pair Corr
0.74	PILBF	Pilbara Minerals	Pair Corr
0.67	NONOF	Novo Nordisk AS	Pair Corr
0.75	EDVMF	Endeavour Mining Corp	Pair Corr
0.61	CHRW	CH Robinson Worldwide	Pair Corr

Moving against GEO Pink Sheet

0.78	FNMFO	Federal National Mortgage	Pair Corr
0.43	CNTRF	Centr Brands Corp	Pair Corr

Related Correlations Analysis

	BMVVF	SVMFF	PPZRF	THURF	SAIDF	SRCH	MLGCF	NLGCF	NBMLF	BYDMF
BMVVF		-0.12	0.0	-0.15	0.02	-0.28	-0.6	0.0	0.0	0.03	BMVVF
SVMFF	-0.12		0.0	0.83	0.75	0.42	0.42	0.58	0.0	0.73	SVMFF
PPZRF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PPZRF
THURF	-0.15	0.83	0.0		0.74	0.33	0.36	0.52	0.0	0.72	THURF
SAIDF	0.02	0.75	0.0	0.74		0.28	0.17	0.62	0.0	0.73	SAIDF
SRCH	-0.28	0.42	0.0	0.33	0.28		0.51	0.11	0.0	0.31	SRCH
MLGCF	-0.6	0.42	0.0	0.36	0.17	0.51		0.11	0.0	0.25	MLGCF
NLGCF	0.0	0.58	0.0	0.52	0.62	0.11	0.11		0.0	0.45	NLGCF
NBMLF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NBMLF
BYDMF	0.03	0.73	0.0	0.72	0.73	0.31	0.25	0.45	0.0		BYDMF
	BMVVF	SVMFF	PPZRF	THURF	SAIDF	SRCH	MLGCF	NLGCF	NBMLF	BYDMF

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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

THURF	+ 0.83	SVMFF
SAIDF	+ 0.75	SVMFF
SAIDF	+ 0.74	THURF
BYDMF	+ 0.73	SVMFF
BYDMF	+ 0.73	SAIDF
BYDMF	+ 0.72	THURF

High negative correlations

MLGCF	- 0.6	BMVVF
SRCH	- 0.28	BMVVF
THURF	- 0.15	BMVVF
SVMFF	- 0.12	BMVVF
BYDMF	- 0.0	NBMLF
NBMLF	- 0.0	NLGCF

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
BMVVF	5.09	0.45	0.00	(0.03)	10.04	(84.07)	0.00	(16.43)	114.29
SVMFF	4.60	1.35	0.16	0.82	4.11	(8.32)	14.29	(8.68)	31.76
PPZRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
THURF	2.25	0.75	0.00	1.12	0.00	0.00	9.58	0.00	28.53
SAIDF	11.95	5.42	0.00	5.03	0.00	0.00	0.00	0.00	400.00
SRCH	7.55	1.63	0.08	(1.32)	7.82	(19.34)	15.09	(18.03)	129.51
MLGCF	0.56	0.24	0.00	0.64	0.00	0.00	0.00	0.00	18.75
NLGCF	1.49	0.68	0.00	0.94	0.00	0.00	0.00	0.00	0.00
NBMLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BYDMF	8.59	0.69	0.09	0.23	9.03	(10.86)	22.38	(16.90)	65.82

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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