Ganfeng Lithium Correlations
| GNENY Stock | USD 2.84 0.09 3.27% |
The correlation of Ganfeng Lithium 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 Ganfeng Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ganfeng Lithium Co 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.
Good diversification
The correlation between Ganfeng Lithium Co and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ganfeng Lithium Co and NYA in the same portfolio, assuming nothing else is changed.
Ganfeng |
The ability to find closely correlated positions to Ganfeng Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ganfeng Lithium 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 Ganfeng Lithium - 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 Ganfeng Lithium Co to buy it.
Moving together with Ganfeng Pink Sheet
| 0.65 | SHECY | Shin Etsu Chemical | PairCorr |
| 0.64 | SHECF | Shin Etsu Chemical | PairCorr |
| 0.61 | BFFAF | BASF SE NA | PairCorr |
| 0.69 | DOW | Dow Inc Financial Report 23rd of July 2024 | PairCorr |
| 0.95 | GNENF | Ganfeng Lithium | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Ganfeng Pink Sheet performing well and Ganfeng Lithium 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 Ganfeng Lithium'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Ganfeng Lithium 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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| All Next | Launch Module |
Ganfeng Lithium Corporate Management
Elected by the shareholders, the Ganfeng Lithium's board of directors comprises two types of representatives: Ganfeng Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ganfeng. The board's role is to monitor Ganfeng Lithium's management team and ensure that shareholders' interests are well served. Ganfeng Lithium'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, Ganfeng Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jian Xu | VP | Profile | |
| ACCA CPA | Joint Sec | Profile | |
| Sam Pigott | Head America | Profile | |
| Manying Yang | VP CFO | Profile | |
| Liangbin Li | Pres CEO | Profile | |
| Zhaonan Deng | VP Director | Profile | |
| Haibo Shen | Ex Director | Profile |
Already Invested in Ganfeng Lithium Co?
The danger of trading Ganfeng Lithium Co 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 Ganfeng Lithium 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 Ganfeng Lithium. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ganfeng Lithium 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 Ganfeng Lithium Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running Ganfeng Lithium's price analysis, check to measure Ganfeng Lithium's 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 Ganfeng Lithium is operating at the current time. Most of Ganfeng Lithium's value examination focuses on studying past and present price action to predict the probability of Ganfeng Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ganfeng Lithium's price. Additionally, you may evaluate how the addition of Ganfeng Lithium to your portfolios can decrease your overall portfolio volatility.
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