GiG Software Correlations
| K0W Stock | 0.27 0.01 3.57% |
The current 90-days correlation between GiG Software plc and Beta Systems Software is -0.1 (i.e., Good diversification). The correlation of GiG Software 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.
GiG Software Correlation With Market
Modest diversification
The correlation between GiG Software plc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GiG Software plc and DJI in the same portfolio, assuming nothing else is changed.
GiG |
The ability to find closely correlated positions to GiG Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GiG Software 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 GiG Software - 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 GiG Software plc to buy it.
Moving together with GiG Stock
Moving against GiG Stock
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| 0.32 | NNGD | National Grid plc | PairCorr |
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| 0.41 | CLH | CARDINAL HEALTH | PairCorr |
| 0.32 | KBIA | KB Financial Group Earnings Call This Week | PairCorr |
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 GiG Stock performing well and GiG Software 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 GiG Software'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRG | 1.13 | 0.30 | 0.17 | 0.86 | 1.01 | 2.84 | 6.28 | |||
| MCP | 2.37 | 0.35 | 0.11 | 0.74 | 2.60 | 4.86 | 18.13 | |||
| SC3 | 1.72 | 0.02 | (0.02) | 0.16 | 2.26 | 4.73 | 10.18 | |||
| PYA | 2.46 | (0.17) | 0.00 | (0.93) | 0.00 | 4.52 | 14.81 | |||
| UCE | 1.61 | (0.11) | 0.00 | (0.08) | 0.00 | 4.20 | 14.33 | |||
| CAC1 | 1.22 | 0.33 | 0.18 | 1.81 | 1.07 | 2.60 | 14.01 | |||
| CQY | 2.29 | 0.10 | 0.04 | 0.17 | 2.75 | 4.84 | 12.80 | |||
| SPT6 | 2.17 | 0.50 | 0.06 | (0.30) | 2.46 | 8.00 | 15.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GiG Software 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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GiG Software Corporate Management
Elected by the shareholders, the GiG Software's board of directors comprises two types of representatives: GiG Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GiG. The board's role is to monitor GiG Software's management team and ensure that shareholders' interests are well served. GiG Software's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, GiG Software's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andy Kelly | Head Partnerships | Profile | |
| Philip Richards | Chief Officer | Profile | |
| Richard Carter | Chief Officer | Profile | |
| James Coxon | Chief Officer | Profile | |
| Claudio Caruana | General Counsel | Profile | |
| Kevin Norville | Chief Officer | Profile |