G2 Goldfields Correlations
| GUYGF Stock | USD 4.59 0.05 1.10% |
The current 90-days correlation between G2 Goldfields and Robex Resources is 0.3 (i.e., Weak diversification). The correlation of G2 Goldfields 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.
G2 Goldfields Correlation With Market
Poor diversification
The correlation between G2 Goldfields and DJI is 0.77 (i.e., Poor 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.
GUYGF |
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 GUYGF OTC Stock
| 0.89 | NEM | Newmont Goldcorp Corp Aggressive Push | PairCorr |
| 0.81 | AEM | Agnico Eagle Mines | PairCorr |
| 0.87 | WPM | Wheaton Precious Metals | PairCorr |
| 0.83 | AU | AngloGold Ashanti plc Buyout Trend | PairCorr |
| 0.86 | ZIJMY | Zijin Mining Group | PairCorr |
| 0.84 | ZIJMF | Zijin Mining Group | PairCorr |
| 0.88 | KGC | Kinross Gold Aggressive Push | PairCorr |
| 0.84 | GFI | Gold Fields | PairCorr |
| 0.65 | GOLD | Gold Inc Symbol Change | PairCorr |
| 0.74 | TSM | Taiwan Semiconductor | PairCorr |
| 0.79 | BNEFF | Bonterra Energy Corp | PairCorr |
| 0.79 | EMMA | Emmaus Life Sciences | PairCorr |
| 0.79 | GAYMF | Galway Metals | PairCorr |
| 0.67 | CGECF | Cogeco Inc | PairCorr |
| 0.8 | SLSR | Solaris Resources | PairCorr |
| 0.72 | TORO | Toro | PairCorr |
| 0.61 | TLOFF | Talon Metals Corp | PairCorr |
| 0.86 | BLAGF | Blue Lagoon Resources | PairCorr |
| 0.8 | GS | Goldman Sachs Group | PairCorr |
| 0.86 | YLLXF | Yellow Cake plc | PairCorr |
Moving against GUYGF OTC 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
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Risk-Adjusted Indicators
There is a big difference between GUYGF OTC Stock performing well and G2 Goldfields 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASGOF | 3.24 | (0.18) | 0.00 | (0.08) | 0.00 | 5.70 | 18.07 | |||
| RSRBF | 2.67 | 0.81 | 0.19 | 1.34 | 2.82 | 8.02 | 20.26 | |||
| RIOFF | 3.28 | 0.60 | 0.12 | 0.57 | 4.28 | 7.43 | 27.01 | |||
| KSKGF | 3.83 | 0.69 | 0.10 | (2.21) | 4.79 | 8.33 | 28.94 | |||
| PDIYF | 4.27 | 1.26 | 0.14 | (3.61) | 3.68 | 11.54 | 68.19 | |||
| IPMLF | 2.80 | 0.45 | 0.12 | 0.35 | 3.43 | 7.03 | 21.18 | |||
| ALKEF | 2.80 | 0.84 | 0.20 | 0.67 | 3.35 | 7.84 | 22.72 | |||
| OMGGF | 2.89 | 0.56 | 0.15 | 0.31 | 3.23 | 9.35 | 19.31 | |||
| PNGZF | 2.83 | 1.53 | 0.00 | (1.25) | 0.00 | 0.00 | 92.31 | |||
| ORZCF | 3.57 | 0.91 | 0.19 | 0.49 | 4.03 | 9.09 | 27.30 |
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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 GUYGF. 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.
| BAPSCI BSc | CEO Pres | Profile | |
| Torben Michalsen | Chief Officer | Profile | |
| Boaz BSc | VP Shield | Profile | |
| Patrick MSc | Ex Chairman | Profile | |
| ACIS BComm | Chief Officer | Profile |