Gamma Communications Correlations

GAMA Stock

1,110 10.00 0.91%

The current 90-days correlation between Gamma Communications PLC and Nordic Semiconductor ASA is 0.16 (i.e., Average diversification). The correlation of Gamma Communications 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.

Gamma Communications Correlation With Market

Significant diversification

The correlation between Gamma Communications PLC and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gamma Communications PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Gamma Stock

0.62

TYT

Toyota Motor Corp

Pair Corr

Moving against Gamma Stock

0.77	BC94	Samsung Electronics	Pair Corr
0.77	SMSN	Samsung Electronics	Pair Corr
0.76	0O2B	Gruppo MutuiOnline SpA	Pair Corr
0.75	HSBK	Halyk Bank	Pair Corr
0.74	SMSD	Samsung Electronics	Pair Corr
0.74	SMSD	Samsung Electronics	Pair Corr
0.66	GTCO	Guaranty Trust Holding	Pair Corr
0.65	GTCO	Guaranty Trust Holding	Pair Corr
0.54	0I9F	Digital Realty Trust Earnings Call This Week	Pair Corr
0.5	ITX	Itaconix plc	Pair Corr
0.31	IHG	InterContinental Hotels	Pair Corr

Related Correlations Analysis

	0FF9	FGEN	TTST	0A76	MONY	UU	0XVE	0K34
0FF9		0.82	0.78	0.84	0.86	0.56	0.89	0.38	0FF9
FGEN	0.82		0.72	0.85	0.79	0.51	0.81	0.18	FGEN
TTST	0.78	0.72		0.66	0.86	0.54	0.74	0.52	TTST
0A76	0.84	0.85	0.66		0.76	0.64	0.75	0.2	0A76
MONY	0.86	0.79	0.86	0.76		0.59	0.88	0.51	MONY
UU	0.56	0.51	0.54	0.64	0.59		0.54	0.66	UU
0XVE	0.89	0.81	0.74	0.75	0.88	0.54		0.4	0XVE
0K34	0.38	0.18	0.52	0.2	0.51	0.66	0.4		0K34
	0FF9	FGEN	TTST	0A76	MONY	UU	0XVE	0K34

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Gamma Stock performing well and Gamma Communications 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 Gamma Communications' 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
0FF9	1.87	0.45	0.11	1.45	2.51	(2.19)	5.14	(2.88)	18.81
FGEN	0.93	0.24	0.08	(1.42)	0.83	(1.18)	2.33	(1.44)	5.94
TTST	2.17	0.17	0.06	0.34	2.37	(2.46)	4.30	(3.92)	16.93
0A76	1.16	0.32	0.13	(43.81)	1.12	(1.28)	2.67	(2.31)	6.04
MONY	0.64	0.20	0.13	2.32	0.27	(0.91)	1.75	(0.73)	4.13
UU	0.90	0.10	(0.02)	(3.79)	1.16	(0.94)	1.87	(2.08)	5.96
0XVE	1.92	0.60	0.22	3.69	1.69	(2.22)	4.86	(3.12)	16.91
0K34	0.78	0.04	(0.10)	(0.50)	0.97	(0.89)	1.70	(1.73)	5.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gamma Communications 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?

Run Balance Of Power Now

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios

All Next

Launch Module

Gamma Communications Corporate Management

Elected by the shareholders, the Gamma Communications' board of directors comprises two types of representatives: Gamma Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gamma. The board's role is to monitor Gamma Communications' management team and ensure that shareholders' interests are well served. Gamma Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gamma Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.

Phil Stubbs	Chief Officer	Profile
David Macfarlane	Managing Enterprise	Profile
Andrew Taylor	Advisor	Profile
Colin Lees	Chief Officer	Profile
Andy Morris	Chief Officer	Profile
Matt Davies	Head Management	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC