GATTACA PLC Correlations
| MNZ Stock | EUR 1.39 0.01 0.71% |
The correlation of GATTACA PLC 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.
GATTACA PLC Correlation With Market
Poor diversification
The correlation between GATTACA PLC LS and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GATTACA PLC LS and DJI in the same portfolio, assuming nothing else is changed.
GATTACA |
The ability to find closely correlated positions to GATTACA PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GATTACA PLC 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 GATTACA PLC - 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 GATTACA PLC LS to buy it.
Moving together with GATTACA Stock
| 0.62 | PU7 | PulteGroup | PairCorr |
| 0.8 | CWT | Curtiss Wright | PairCorr |
| 0.67 | 1SZ0 | Santacruz Silver Mining Split | PairCorr |
| 0.63 | ALV | Allianz SE | PairCorr |
| 0.7 | ZNHH | China Southern Airlines | PairCorr |
| 0.82 | CPA | Colgate Palmolive | PairCorr |
| 0.84 | BSI | BE Semiconductor Ind Earnings Call This Week | PairCorr |
| 0.64 | K34 | Konecranes Plc | PairCorr |
| 0.87 | G40 | GDS Holdings Limited | PairCorr |
| 0.71 | LOR | LOral SA | PairCorr |
| 0.86 | HKT | HK Electric Investments | PairCorr |
| 0.82 | HBC1 | HSBC Holdings plc | PairCorr |
| 0.74 | FPP0 | ALTYNGOLD PLC LS | PairCorr |
| 0.76 | 1KT | Keysight Technologies Earnings Call This Week | PairCorr |
| 0.82 | L3X | Centrais Elétricas Split | PairCorr |
| 0.78 | FV6 | EMMI N | PairCorr |
| 0.86 | TGE1 | MOBILEZONE N | PairCorr |
| 0.91 | ASME | ASML Holding NV | PairCorr |
| 0.88 | TQI | TELECOM ITALIA | PairCorr |
Moving against GATTACA Stock
| 0.72 | 8CW | Crown Castle Interna | PairCorr |
| 0.7 | 6YG | IMMUNOCORE HLDGS ADS1 | PairCorr |
| 0.66 | DBPD | Xtrackers ShortDAX | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GATTACA Stock performing well and GATTACA PLC 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 GATTACA PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2I7 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 55L | 82.74 | 37.60 | 0.81 | 1.46 | 21.74 | 60.00 | 2,195 | |||
| JMI | 2.88 | 0.89 | 0.20 | (4.94) | 3.18 | 5.92 | 20.28 | |||
| U1P | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| U1P | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PX0 | 9.38 | 1.35 | 0.09 | (6.95) | 10.24 | 13.33 | 140.63 | |||
| 3GRE | 27.32 | 10.59 | 0.17 | (2.69) | 17.46 | 14.29 | 866.39 | |||
| FTD | 1.27 | 0.21 | 0.10 | 3.23 | 1.33 | 2.89 | 10.97 | |||
| RSX | 143.86 | 69.02 | 0.00 | 2.79 | 0.00 | 1,200 | 1,292 |
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GATTACA PLC Corporate Management
Elected by the shareholders, the GATTACA PLC's board of directors comprises two types of representatives: GATTACA PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GATTACA. The board's role is to monitor GATTACA PLC's management team and ensure that shareholders' interests are well served. GATTACA PLC'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, GATTACA PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
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| Grahame Carter | Chief Energy | Profile |