G2 Goldfields Correlations
| GTWO Stock | 6.71 0.25 3.87% |
The current 90-days correlation between G2 Goldfields and Galiano Gold is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as G2 Goldfields moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if G2 Goldfields moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
G2 Goldfields Correlation With Market
Average diversification
The correlation between G2 Goldfields and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding G2 Goldfields and DJI in the same portfolio, assuming nothing else is changed.
GTWO |
The ability to find closely correlated positions to G2 Goldfields could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace G2 Goldfields 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 G2 Goldfields - 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 G2 Goldfields to buy it.
Moving together with GTWO Stock
| 0.73 | AEM | Agnico Eagle Mines | PairCorr |
| 0.89 | ABX | Barrick Gold Corp | PairCorr |
| 0.88 | WPM | Wheaton Precious Metals | PairCorr |
| 0.79 | FNV | Franco Nevada | PairCorr |
| 0.87 | K | Kinross Gold Corp | PairCorr |
| 0.88 | AGI | Alamos Gold | PairCorr |
| 0.9 | EDV | Endeavour Mining Corp | PairCorr |
| 0.76 | EQX | Equinox Gold Corp | PairCorr |
| 0.74 | MAXQ | Maritime Launch Services | PairCorr |
| 0.68 | BDI | Black Diamond Group | PairCorr |
| 0.87 | GMG | Graphene Manufacturing | PairCorr |
| 0.67 | AQN-PD | Algonquin Power Utilities | PairCorr |
| 0.8 | AUXX | Gold X2 Mining | PairCorr |
| 0.89 | SOI | Sirios Resources | PairCorr |
| 0.8 | DAU | Desert Gold Ventures | PairCorr |
| 0.85 | MTL | Mullen Group | PairCorr |
| 0.78 | TIG | Triumph Gold Corp | PairCorr |
| 0.83 | TECK-A | Teck Resources | PairCorr |
| 0.73 | MERG | Metal Energy Corp Split | PairCorr |
| 0.61 | MMG | Metallic Minerals Corp | PairCorr |
| 0.77 | CNC | Canada Nickel | PairCorr |
| 0.81 | TSLV | Tier One Silver | PairCorr |
| 0.92 | JUGR | Juggernaut Exploration Earnings Call This Week | PairCorr |
| 0.83 | GSPR | GSP Resource Corp | PairCorr |
| 0.86 | DBM | Doman Building Materials | PairCorr |
| 0.95 | AZS | Arizona Gold Silver | PairCorr |
| 0.74 | SNG | Silver Range Resources | PairCorr |
| 0.62 | ARE | Aecon Group | PairCorr |
Moving against GTWO Stock
Related Correlations Analysis
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 GTWO Stock performing well and G2 Goldfields 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 G2 Goldfields' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GAU | 3.14 | (0.06) | (0.01) | 0.04 | 4.69 | 7.03 | 21.45 | |||
| RBX | 2.88 | 0.45 | 0.09 | 6.36 | 3.52 | 7.09 | 17.75 | |||
| TMQ | 4.21 | (0.93) | 0.00 | (0.54) | 0.00 | 7.12 | 31.23 | |||
| RIO | 2.76 | 0.83 | 0.20 | 4.75 | 2.97 | 6.47 | 15.52 | |||
| ORE | 2.64 | 0.36 | 0.11 | 0.35 | 3.07 | 6.43 | 16.86 | |||
| IAU | 2.82 | 0.65 | 0.14 | 1.86 | 3.85 | 5.15 | 19.75 | |||
| OMG | 3.12 | 0.53 | 0.10 | 2.06 | 4.14 | 6.45 | 17.46 | |||
| ASE | 2.74 | (0.52) | 0.00 | (0.88) | 0.00 | 5.56 | 15.56 | |||
| RML | 2.83 | 0.14 | 0.02 | 0.65 | 2.66 | 10.38 | 24.46 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in G2 Goldfields 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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G2 Goldfields Corporate Management
Elected by the shareholders, the G2 Goldfields' board of directors comprises two types of representatives: G2 Goldfields inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GTWO. The board's role is to monitor G2 Goldfields' management team and ensure that shareholders' interests are well served. G2 Goldfields' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, G2 Goldfields' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Torben Michalsen | Chief Officer | Profile | |
| CPIR BMOS | Vice Relations | Profile | |
| Boaz BSc | Vice Shield | Profile | |
| ACIS BComm | Chief Officer | Profile |