GSTechnologies Correlations

GST Stock

1.63 0.27 14.21%

The current 90-days correlation between GSTechnologies and Samsung Electronics Co is 0.23 (i.e., Modest diversification). The correlation of GSTechnologies 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.

GSTechnologies Correlation With Market

Very good diversification

The correlation between GSTechnologies and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GSTechnologies and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GSTechnologies Stock

0.61	TYT	Toyota Motor Corp	Pair Corr
0.71	SBID	State Bank	Pair Corr
0.73	0R15	SoftBank Group Corp	Pair Corr
0.88	HSBK	Halyk Bank	Pair Corr
0.63	GTCO	Guaranty Trust Holding	Pair Corr

Moving against GSTechnologies Stock

0.85	HYUD	Hyundai Motor	Pair Corr
0.75	SMSD	Samsung Electronics	Pair Corr
0.75	SMSN	Samsung Electronics	Pair Corr
0.73	RIGD	Reliance Industries	Pair Corr
0.59	AXB	Axis Bank	Pair Corr

Related Correlations Analysis

	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO
SMSD		0.98	0.92	-0.49	-0.68	-0.76	0.9	-0.78	0.81	-0.36	SMSD
SMSN	0.98		0.92	-0.51	-0.64	-0.78	0.91	-0.82	0.82	-0.39	SMSN
HYUD	0.92	0.92		-0.6	-0.71	-0.85	0.87	-0.85	0.73	-0.48	HYUD
TYT	-0.49	-0.51	-0.6		0.34	0.7	-0.51	0.65	-0.36	0.46	TYT
SBID	-0.68	-0.64	-0.71	0.34		0.48	-0.54	0.6	-0.42	0.4	SBID
0R15	-0.76	-0.78	-0.85	0.7	0.48		-0.83	0.73	-0.73	0.35	0R15
RIGD	0.9	0.91	0.87	-0.51	-0.54	-0.83		-0.76	0.93	-0.31	RIGD
HSBK	-0.78	-0.82	-0.85	0.65	0.6	0.73	-0.76		-0.6	0.67	HSBK
AXB	0.81	0.82	0.73	-0.36	-0.42	-0.73	0.93	-0.6		-0.21	AXB
GTCO	-0.36	-0.39	-0.48	0.46	0.4	0.35	-0.31	0.67	-0.21		GTCO
	SMSD	SMSN	HYUD	TYT	SBID	0R15	RIGD	HSBK	AXB	GTCO

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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

SMSN	+ 0.98	SMSD
AXB	+ 0.93	RIGD
HYUD	+ 0.92	SMSD
HYUD	+ 0.92	SMSN
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD

High negative correlations

HSBK	- 0.85	HYUD
0R15	- 0.85	HYUD
RIGD	- 0.83	0R15
HSBK	- 0.82	SMSN
0R15	- 0.78	SMSN
HSBK	- 0.78	SMSD

Risk-Adjusted Indicators

There is a big difference between GSTechnologies Stock performing well and GSTechnologies 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 GSTechnologies' 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
SMSD	1.62	(0.34)	0.00	2.79	0.00	0.00	3.81	(3.51)	10.50
SMSN	1.71	(0.35)	0.00	8.13	0.00	0.00	3.19	(4.00)	13.39
HYUD	1.81	(0.36)	0.00	(0.68)	0.00	0.00	3.67	(4.07)	11.89
TYT	1.06	0.16	0.04	(7.76)	1.44	(1.83)	2.51	(2.42)	12.48
SBID	1.09	0.08	0.02	0.37	1.25	(1.22)	2.44	(2.30)	8.15
0R15	2.27	0.54	0.17	(0.85)	2.27	(2.64)	5.19	(4.10)	13.37
RIGD	0.92	(0.29)	0.00	2.34	0.00	0.00	1.51	(2.21)	5.16
HSBK	0.99	0.15	0.07	1.13	1.03	(1.14)	2.39	(2.30)	8.48
AXB	1.03	(0.15)	0.00	2.06	0.00	0.00	2.04	(2.00)	6.54
GTCO	0.91	0.04	(0.01)	(2.05)	1.46	(3.04)	3.93	(3.85)	11.93

Be your own money manager

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