Grande Portage Correlations
| GPTRF Stock | USD 0.14 0.01 7.69% |
The current 90-days correlation between Grande Portage Resources and Puma Exploration is 0.35 (i.e., Weak diversification). The correlation of Grande Portage 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.
Grande Portage Correlation With Market
Significant diversification
The correlation between Grande Portage Resources and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grande Portage Resources and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Grande Portage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grande Portage 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 Grande Portage - 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 Grande Portage Resources to buy it.
Moving together with Grande OTC Stock
| 0.63 | CHKEZ | CHKEZ Old Symbol Change | PairCorr |
| 0.62 | CHKEL | CHKEL Old Symbol Change | PairCorr |
| 0.66 | ADVWW | Advantage Solutions | PairCorr |
| 0.71 | PCTTW | PureCycle Technologies | PairCorr |
| 0.68 | BKRKF | PT Bank Rakyat Earnings Call Tomorrow | PairCorr |
| 0.82 | BKRKY | Bank Rakyat Earnings Call Tomorrow | PairCorr |
| 0.67 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.64 | PTAIY | Astra International Tbk | PairCorr |
| 0.77 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.78 | PBCRY | Bank Central Asia | PairCorr |
| 0.73 | KO | Coca Cola Earnings Call This Week | PairCorr |
Moving against Grande OTC Stock
| 0.71 | ASTSW | AST SpaceMobile | PairCorr |
| 0.7 | GILT | Gilat Satellite Networks | PairCorr |
| 0.64 | LPTH | LightPath Technologies Earnings Call This Week | PairCorr |
| 0.53 | GCMGW | GCM Grosvenor | PairCorr |
| 0.47 | ATCOL | Atlas Corp | PairCorr |
| 0.38 | MAPSW | WM Technology | PairCorr |
| 0.81 | V | Visa Class A | PairCorr |
| 0.77 | AXP | American Express | PairCorr |
| 0.76 | WMT | Walmart Aggressive Push | PairCorr |
| 0.74 | CSCO | Cisco Systems | PairCorr |
| 0.7 | DIS | Walt Disney Earnings Call This Week | PairCorr |
| 0.64 | JPM | JPMorgan Chase | PairCorr |
| 0.55 | BAC | Bank of America | PairCorr |
| 0.44 | GILD | Gilead Sciences Earnings Call This Week | PairCorr |
| 0.43 | MMM | 3M Company | PairCorr |
| 0.41 | T | ATT Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Grande OTC Stock performing well and Grande Portage 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 Grande Portage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUMXF | 4.51 | 0.88 | 0.05 | 0.56 | 5.55 | 16.67 | 71.82 | |||
| SXNTF | 11.55 | 2.55 | 0.10 | 0.76 | 13.26 | 30.43 | 225.15 | |||
| RDEXF | 2.50 | (0.25) | 0.00 | 0.55 | 0.00 | 5.78 | 21.98 | |||
| EQTRF | 3.50 | (0.63) | 0.00 | 1.81 | 0.00 | 7.18 | 28.54 | |||
| ENDGF | 1.08 | (0.21) | 0.00 | 0.49 | 0.00 | 0.00 | 20.00 | |||
| WHGOF | 4.26 | (0.47) | 0.00 | 1.60 | 0.00 | 7.14 | 33.93 | |||
| TETOF | 3.30 | (0.33) | 0.00 | (0.31) | 0.00 | 5.92 | 24.60 | |||
| AIRRF | 2.30 | (0.07) | 0.00 | 0.30 | 0.00 | 5.00 | 16.16 | |||
| AGDXF | 12.23 | 3.49 | 0.00 | 9.54 | 0.00 | 0.00 | 253.33 | |||
| CRDOF | 3.95 | 0.35 | 0.04 | (0.33) | 4.02 | 10.00 | 30.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grande Portage 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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