Gratomic Correlations
The correlation of Gratomic 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.
Gratomic |
The ability to find closely correlated positions to Gratomic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gratomic 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 Gratomic - 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 Gratomic to buy it.
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Gratomic Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Gratomic stock to make a market-neutral strategy. Peer analysis of Gratomic could also be used in its relative valuation, which is a method of valuing Gratomic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Gratomic Corporate Management
Elected by the shareholders, the Gratomic's board of directors comprises two types of representatives: Gratomic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gratomic. The board's role is to monitor Gratomic's management team and ensure that shareholders' interests are well served. Gratomic'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, Gratomic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Karl Trudeau | Head Director | Profile | |
| CA Com | VP FinNamibia | Profile | |
| Dean Esau | HR AssistantNamibia | Profile | |
| Nico Sholtz | Head Namibian | Profile |