Global Atomic Correlations
| GLO Stock | CAD 0.78 0.05 6.85% |
The current 90-days correlation between Global Atomic Corp and Forsys Metals Corp is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Atomic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Atomic Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Global Atomic Correlation With Market
Average diversification
The correlation between Global Atomic Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Atomic Corp and DJI in the same portfolio, assuming nothing else is changed.
Global |
The ability to find closely correlated positions to Global Atomic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Atomic 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 Global Atomic - 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 Global Atomic Corp to buy it.
Moving against Global Stock
| 0.51 | INFM | Infinico Metals Corp | PairCorr |
| 0.42 | RCI-A | Rogers Communications Earnings Call Today | PairCorr |
| 0.4 | FDY | Faraday Copper Corp | PairCorr |
| 0.35 | AUAU | Allegiant Gold Split | PairCorr |
| 0.33 | AG | First Majestic Silver | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Global Stock performing well and Global Atomic 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 Global Atomic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FSY | 4.82 | 0.44 | 0.06 | 1.94 | 4.97 | 11.54 | 40.37 | |||
| GLATF | 4.45 | 0.35 | 0.06 | 0.40 | 5.60 | 10.64 | 37.36 | |||
| AFM | 2.13 | 0.22 | 0.03 | 1.15 | 2.62 | 4.82 | 18.34 | |||
| EU | 3.81 | 1.34 | 0.30 | (5.69) | 2.80 | 10.07 | 28.59 | |||
| GXU | 5.95 | 0.57 | 0.06 | 0.47 | 6.35 | 16.67 | 62.86 | |||
| FIND | 5.45 | 0.55 | 0.04 | (0.70) | 5.17 | 10.00 | 29.09 | |||
| U-UN | 1.79 | 0.27 | 0.06 | (2.50) | 1.91 | 4.38 | 11.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Atomic 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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Global Atomic Corporate Management
Elected by the shareholders, the Global Atomic's board of directors comprises two types of representatives: Global Atomic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Atomic's management team and ensure that shareholders' interests are well served. Global Atomic'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, Global Atomic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| BA BA | VP Secretary | Profile | |
| MSc Din | Head Drilling | Profile | |
| Amido Boukari | Chief Geologist | Profile | |
| Robert Tait | Vice Relations | Profile | |
| Emre Toprak | Vice Finance | Profile | |
| Stephen BA | Chairman, CoFounder | Profile | |
| Ronald PEng | Chief Officer | Profile |