G2 Goldfields Correlations

GUYGF Stock

USD 4.86 0.71 12.75%

The current 90-days correlation between G2 Goldfields and Robex Resources is 0.2 (i.e., Modest 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 0.79 (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.

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

0.95	NEM	Newmont Goldcorp Corp	Pair Corr
0.9	AEM	Agnico Eagle Mines	Pair Corr
0.94	WPM	Wheaton Precious Metals	Pair Corr
0.92	AU	AngloGold Ashanti plc	Pair Corr
0.92	KGC	Kinross Gold	Pair Corr
0.9	ZIJMY	Zijin Mining Group	Pair Corr
0.87	ZIJMF	Zijin Mining Group	Pair Corr
0.9	GFI	Gold Fields	Pair Corr
0.91	GOLD	Gold Inc Earnings Call This Week	Pair Corr
0.69	WNC	Wabash National Earnings Call This Week	Pair Corr
0.79	BA	Boeing Sell-off Trend	Pair Corr
0.72	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.87	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.75	CAT	Caterpillar	Pair Corr
0.87	MRK	Merck Company Earnings Call This Week	Pair Corr
0.93	AA	Alcoa Corp	Pair Corr
0.71	CVX	Chevron Corp	Pair Corr

Moving against GUYGF OTC Stock

0.94	APVO	Aptevo Therapeutics	Pair Corr
0.93	TRNR	Interactive Strength	Pair Corr
0.37	VLCN	VLCN Old Symbol Change	Pair Corr
0.67	T	ATT Inc Earnings Call This Week	Pair Corr
0.49	MMM	3M Company	Pair Corr
0.42	IBM	International Business Tech Boost	Pair Corr

Related Correlations Analysis

	ASGOF	RSRBF	RIOFF	KSKGF	PDIYF	IPMLF	ALKEF	OMGGF	PNGZF	ORZCF
ASGOF		-0.47	-0.56	-0.45	-0.48	-0.47	-0.45	-0.34	0.0	-0.29	ASGOF
RSRBF	-0.47		0.94	0.88	0.87	0.96	0.97	0.88	0.0	0.93	RSRBF
RIOFF	-0.56	0.94		0.94	0.89	0.98	0.96	0.89	0.0	0.91	RIOFF
KSKGF	-0.45	0.88	0.94		0.84	0.95	0.95	0.89	0.0	0.9	KSKGF
PDIYF	-0.48	0.87	0.89	0.84		0.9	0.89	0.76	0.0	0.82	PDIYF
IPMLF	-0.47	0.96	0.98	0.95	0.9		0.99	0.91	0.0	0.95	IPMLF
ALKEF	-0.45	0.97	0.96	0.95	0.89	0.99		0.9	0.0	0.95	ALKEF
OMGGF	-0.34	0.88	0.89	0.89	0.76	0.91	0.9		0.0	0.94	OMGGF
PNGZF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PNGZF
ORZCF	-0.29	0.93	0.91	0.9	0.82	0.95	0.95	0.94	0.0		ORZCF
	ASGOF	RSRBF	RIOFF	KSKGF	PDIYF	IPMLF	ALKEF	OMGGF	PNGZF	ORZCF

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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

ALKEF	+ 0.99	IPMLF
IPMLF	+ 0.98	RIOFF
ALKEF	+ 0.97	RSRBF
IPMLF	+ 0.96	RSRBF
ALKEF	+ 0.96	RIOFF
IPMLF	+ 0.95	KSKGF

High negative correlations

RIOFF	- 0.56	ASGOF
PDIYF	- 0.48	ASGOF
IPMLF	- 0.47	ASGOF
RSRBF	- 0.47	ASGOF
ALKEF	- 0.45	ASGOF
KSKGF	- 0.45	ASGOF

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	2.52	0.11	0.02	0.46	3.62	(2.65)	5.51	(5.38)	16.89
RSRBF	2.29	0.57	0.14	1.50	2.76	(2.88)	7.86	(5.47)	20.26
RIOFF	2.88	1.08	0.28	1.41	2.87	(3.64)	7.43	(4.41)	22.00
KSKGF	4.19	1.22	0.21	(6.66)	4.46	(5.06)	10.57	(7.17)	30.30
PDIYF	3.77	1.19	0.14	4.37	3.24	(8.99)	7.14	(8.00)	68.11
IPMLF	2.50	1.06	0.47	0.71	1.63	(3.29)	7.03	(2.99)	13.07
ALKEF	2.61	0.86	0.25	0.97	2.39	(3.45)	7.84	(4.23)	15.38
OMGGF	2.50	0.88	0.25	0.71	2.53	(3.24)	5.69	(4.59)	22.23
PNGZF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORZCF	3.14	1.03	0.28	0.73	2.77	(3.96)	8.33	(5.10)	19.79

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.

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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.

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