GP Global Correlations

Stocks . Israel . 
Stock . GP Global Power
GPGB Stock   1,300  0.00  0.00%   
The current 90-days correlation between GP Global Power and Epitomee Medical is -0.08 (i.e., Good diversification). The correlation of GP Global 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.

GP Global Correlation With Market

Average diversification

The correlation between GP Global Power and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GP Global Power and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to GP Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GP Global 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 GP Global - 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 GP Global Power to buy it.

Moving against GPGB Stock

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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   
LEVI
+ 0.91
MVNE
DLTI
+ 0.89
MVNE
PERI
+ 0.77
POLP
DLTI
+ 0.77
MIFT
MIFT
+ 0.73
PERI
DLTI
+ 0.72
LEVI
  
High negative correlations   
RAVD
- 0.07
MIFT
EVGN
- 0.03
PERI
LEVI
- 0.0
EVGN

Risk-Adjusted Indicators

There is a big difference between GPGB Stock performing well and GP Global 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 GP Global'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.

GP Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with GP Global stock to make a market-neutral strategy. Peer analysis of GP Global could also be used in its relative valuation, which is a method of valuing GP Global by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

GP Global Corporate Management

Elected by the shareholders, the GP Global's board of directors comprises two types of representatives: GP Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GPGB. The board's role is to monitor GP Global's management team and ensure that shareholders' interests are well served. GP Global'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, GP Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yiftach FoxVP DevelProfile
Yafit MaozChief AccountantProfile
Irit KaratSegalCompany SecProfile
Ronen BergerChief OfficerProfile
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