Graystone Correlations

GYST Stock

USD 0 0.0001 7.14%

The current 90-days correlation between Graystone and American Helium is -0.01 (i.e., Good diversification). The correlation of Graystone 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Graystone Correlation With Market

Good diversification

The correlation between Graystone and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graystone and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Graystone Pink Sheet

0.61	ADVWW	Advantage Solutions	Pair Corr
0.65	MAPSW	WM Technology	Pair Corr
0.65	GCMGW	GCM Grosvenor	Pair Corr

Moving against Graystone Pink Sheet

0.67	KEP	Korea Electric Power	Pair Corr
0.61	PTAIY	Astra International Tbk	Pair Corr
0.6	ATCOL	Atlas Corp	Pair Corr
0.6	TLK	Telkom Indonesia Tbk	Pair Corr
0.48	PTITF	PT Indosat Tbk	Pair Corr
0.37	HMDCF	HUTCHMED Limited	Pair Corr
0.32	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.78	APGE	Apogee Therapeutics,	Pair Corr
0.66	EGP	EastGroup Properties	Pair Corr
0.63	DDS	Dillards,	Pair Corr
0.63	GM	General Motors	Pair Corr
0.57	TEO	Telecom Argentina	Pair Corr
0.5	IDN	Intellicheck Mobilisa	Pair Corr
0.5	NOEM	CO2 Energy Transition	Pair Corr
0.47	BLMC	Biloxi Marsh Lands	Pair Corr
0.45	HE	Hawaiian Electric	Pair Corr
0.38	SHUFF	Shufersal Trending	Pair Corr
0.38	ASTI	Ascent Solar Technol Tech Boost	Pair Corr
0.74	CX	Cemex SAB de Aggressive Push	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr
0.7	REGN	Regeneron Pharmaceuticals	Pair Corr
0.67	DNLMY	Dunelm Group PLC	Pair Corr
0.55	AKAM	Akamai Technologies	Pair Corr
0.53	PII	Polaris Industries	Pair Corr

Related Correlations Analysis

	SJRNF	GCRCF	MANVF	IGFFF	AHELF	SSYRF	MEDAF	ESXMF	WESMF	AUMC
SJRNF		0.0	0.04	0.0	-0.17	-0.04	-0.13	-0.1	0.09	0.02	SJRNF
GCRCF	0.0		0.0	1.0	0.0	0.0	0.0	0.0	0.0	0.0	GCRCF
MANVF	0.04	0.0		0.0	0.53	0.47	0.25	-0.29	-0.7	-0.49	MANVF
IGFFF	0.0	1.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	IGFFF
AHELF	-0.17	0.0	0.53	0.0		0.63	0.33	-0.01	-0.28	-0.37	AHELF
SSYRF	-0.04	0.0	0.47	0.0	0.63		0.12	0.27	-0.2	-0.09	SSYRF
MEDAF	-0.13	0.0	0.25	0.0	0.33	0.12		-0.05	-0.18	-0.09	MEDAF
ESXMF	-0.1	0.0	-0.29	0.0	-0.01	0.27	-0.05		0.39	0.56	ESXMF
WESMF	0.09	0.0	-0.7	0.0	-0.28	-0.2	-0.18	0.39		0.48	WESMF
AUMC	0.02	0.0	-0.49	0.0	-0.37	-0.09	-0.09	0.56	0.48		AUMC
	SJRNF	GCRCF	MANVF	IGFFF	AHELF	SSYRF	MEDAF	ESXMF	WESMF	AUMC

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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

IGFFF	+ 1.0	GCRCF
SSYRF	+ 0.63	AHELF
AUMC	+ 0.56	ESXMF
AHELF	+ 0.53	MANVF
AUMC	+ 0.48	WESMF
SSYRF	+ 0.47	MANVF

High negative correlations

WESMF	- 0.7	MANVF
AUMC	- 0.49	MANVF
AUMC	- 0.37	AHELF
ESXMF	- 0.29	MANVF
WESMF	- 0.28	AHELF
WESMF	- 0.2	SSYRF

Risk-Adjusted Indicators

There is a big difference between Graystone Pink Sheet performing well and Graystone 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 Graystone'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
SJRNF	63.44	33.45	0.52	(0.57)	15.16	(440.06)	9.09	(28.37)	1,898
GCRCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MANVF	1.55	(0.60)	0.00	(0.48)	0.00	0.00	0.00	0.00	39.23
IGFFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AHELF	51.06	25.84	0.00	(2.65)	0.00	0.00	9.09	0.00	128.71
SSYRF	16.13	4.19	0.21	0.66	12.52	(37.50)	28.57	(23.68)	319.77
MEDAF	12.94	1.12	0.08	0.28	13.47	(24.02)	41.67	(25.00)	119.30
ESXMF	10.76	4.09	0.00	1.18	0.00	0.00	0.00	0.00	300.00
WESMF	15.38	4.62	0.22	(0.97)	11.11	(35.75)	54.00	(23.08)	202.53
AUMC	5.24	1.32	0.13	(0.53)	4.93	(10.25)	17.33	(8.33)	42.11

Be your own money manager

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