Gushen Correlations
| GSHNDelisted Stock | USD 22.70 0.00 0.00% |
The current 90-days correlation between Gushen Inc and Joint Stock is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gushen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gushen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gushen Correlation With Market
Significant diversification
The correlation between Gushen Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gushen Inc and DJI in the same portfolio, assuming nothing else is changed.
Gushen |
The ability to find closely correlated positions to Gushen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gushen 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 Gushen - 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 Gushen Inc to buy it.
Moving against Gushen Pink Sheet
| 0.68 | SVCO | Silvaco Group, Common | PairCorr |
| 0.5 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | 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
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Risk-Adjusted Indicators
There is a big difference between Gushen Pink Sheet performing well and Gushen 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 Gushen'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KSPI | 1.69 | (0.19) | 0.00 | 1.91 | 0.00 | 4.21 | 13.08 | |||
| RXT | 3.16 | (0.03) | 0.00 | (0.04) | 0.00 | 6.67 | 21.75 | |||
| SVTMF | 0.66 | 0.14 | 0.00 | (0.93) | 0.00 | 0.00 | 17.35 | |||
| NTWK | 1.66 | (0.30) | 0.00 | (2.05) | 0.00 | 3.13 | 12.94 | |||
| FDUS | 0.64 | 0.20 | 0.23 | 1.85 | 0.52 | 1.38 | 4.32 | |||
| QTWO | 1.67 | 0.21 | 0.08 | 0.19 | 2.49 | 3.35 | 23.89 | |||
| NOW | 1.31 | 0.19 | 0.11 | 0.55 | 1.35 | 2.41 | 11.04 |
Gushen 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 Gushen pink sheet to make a market-neutral strategy. Peer analysis of Gushen could also be used in its relative valuation, which is a method of valuing Gushen by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Gushen Inc?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.