Granite Falls Correlations
GFGY Stock | USD 3,400 0.00 0.00% |
The correlation of Granite Falls 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Granite Falls moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Granite Falls Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Granite Falls Energy and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Granite Falls Energy and NYA in the same portfolio, assuming nothing else is changed.
Granite |
The ability to find closely correlated positions to Granite Falls could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Granite Falls 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 Granite Falls - 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 Granite Falls Energy to buy it.
Moving together with Granite Pink Sheet
0.65 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against Granite Pink Sheet
0.89 | WMT | Walmart Financial Report 16th of May 2024 | PairCorr |
0.78 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
0.73 | CAT | Caterpillar Financial Report 6th of August 2024 | PairCorr |
0.7 | BAC | Bank of America Financial Report 16th of July 2024 | PairCorr |
0.67 | XOM | Exxon Mobil Corp Financial Report 26th of July 2024 | PairCorr |
0.61 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
0.56 | MMM | 3M Company Financial Report 23rd of July 2024 | PairCorr |
0.47 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
0.42 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Granite Pink Sheet performing well and Granite Falls 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 Granite Falls' 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 | ||
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SHOO | 1.19 | (0.16) | 0.00 | (0.03) | 0.00 | 2.50 | 6.17 | |||
COTY | 1.54 | (0.17) | 0.00 | (0.04) | 0.00 | 3.14 | 10.14 | |||
SAMG | 1.46 | (0.26) | 0.00 | (0.11) | 0.00 | 3.39 | 9.22 | |||
TTC | 1.10 | (0.16) | 0.00 | (0.11) | 0.00 | 2.11 | 8.42 | |||
APAM | 1.42 | (0.09) | (0.01) | 0.03 | 1.71 | 2.74 | 9.65 | |||
BK | 0.72 | (0.01) | (0.01) | 0.07 | 1.10 | 1.56 | 4.67 | |||
UG | 2.03 | 0.24 | 0.06 | 2.36 | 2.46 | 5.07 | 13.12 | |||
UL | 0.81 | 0.09 | 0.07 | 0.24 | 0.66 | 1.70 | 5.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Granite Falls 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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Granite Falls Corporate Management
Elected by the shareholders, the Granite Falls' board of directors comprises two types of representatives: Granite Falls inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Granite. The board's role is to monitor Granite Falls' management team and ensure that shareholders' interests are well served. Granite Falls' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Granite Falls' outside directors are responsible for providing unbiased perspectives on the board's policies.
Kenton Johnson | Independent Governor | Profile | |
Jeffrey Oestmann | CEO GM | Profile | |
Myron Peterson | Independent Governor | Profile | |
Marten Goulet | Independent Governor | Profile |
Already Invested in Granite Falls Energy?
The danger of trading Granite Falls Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Granite Falls is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Granite Falls. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Granite Falls Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Granite Falls Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. Note that the Granite Falls Energy information on this page should be used as a complementary analysis to other Granite Falls' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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When running Granite Falls' price analysis, check to measure Granite Falls' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Granite Falls is operating at the current time. Most of Granite Falls' value examination focuses on studying past and present price action to predict the probability of Granite Falls' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Granite Falls' price. Additionally, you may evaluate how the addition of Granite Falls to your portfolios can decrease your overall portfolio volatility.
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