GS Chain Correlations

GSC Stock

0.45 0.13 40.63%

The current 90-days correlation between GS Chain PLC and Pets at Home is 0.03 (i.e., Significant diversification). The correlation of GS Chain 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.

GS Chain Correlation With Market

Significant diversification

The correlation between GS Chain PLC and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GS Chain PLC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against GSC Stock

0.7	49GP	Croda International Plc	Pair Corr
0.66	0QKN	Chocoladefabriken Lindt Earnings Call Tomorrow	Pair Corr
0.61	0QP1	Chocoladefabriken Lindt Earnings Call Tomorrow	Pair Corr
0.61	RKW	Rockwood Realisation PLC	Pair Corr
0.53	PEYS	Princess Private Equity	Pair Corr
0.47	0W2Y	Booking Holdings	Pair Corr

Related Correlations Analysis

	PETS	0HTG	MHC	0N7I	DFS	0RIP	GAMA	ZEG
PETS		0.74	-0.64	0.37	0.78	0.86	-0.52	0.59	PETS
0HTG	0.74		-0.86	-0.05	0.83	0.65	-0.69	0.84	0HTG
MHC	-0.64	-0.86		0.01	-0.76	-0.67	0.81	-0.75	MHC
0N7I	0.37	-0.05	0.01		0.35	0.49	0.05	-0.04	0N7I
DFS	0.78	0.83	-0.76	0.35		0.77	-0.64	0.74	DFS
0RIP	0.86	0.65	-0.67	0.49	0.77		-0.69	0.58	0RIP
GAMA	-0.52	-0.69	0.81	0.05	-0.64	-0.69		-0.63	GAMA
ZEG	0.59	0.84	-0.75	-0.04	0.74	0.58	-0.63		ZEG
	PETS	0HTG	MHC	0N7I	DFS	0RIP	GAMA	ZEG

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

0RIP	+ 0.86	PETS
ZEG	+ 0.84	0HTG
DFS	+ 0.83	0HTG
GAMA	+ 0.81	MHC
DFS	+ 0.78	PETS
0RIP	+ 0.77	DFS

High negative correlations

MHC	- 0.86	0HTG
DFS	- 0.76	MHC
ZEG	- 0.75	MHC
GAMA	- 0.69	0RIP
GAMA	- 0.69	0HTG
0RIP	- 0.67	MHC

Risk-Adjusted Indicators

There is a big difference between GSC Stock performing well and GS Chain 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 GS Chain'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
PETS	0.99	0.06	(0.02)	0.35	1.43	(0.95)	1.78	(2.15)	7.24
0HTG	0.89	0.26	0.12	7.83	0.86	(1.03)	2.40	(1.80)	5.93
MHC	1.91	(0.09)	0.00	(0.07)	0.00	0.00	4.17	(5.00)	17.66
0N7I	1.07	(0.09)	0.00	(0.12)	0.00	0.00	3.46	(2.15)	10.89
DFS	1.23	0.41	0.26	1.18	0.71	(1.86)	3.88	(1.50)	10.53
0RIP	1.51	0.14	0.07	0.30	1.32	(2.25)	3.63	(2.45)	20.59
GAMA	1.41	(0.14)	0.00	(2.53)	0.00	0.00	3.57	(2.62)	14.82
ZEG	2.26	0.25	0.05	0.93	2.72	(2.55)	5.92	(4.89)	19.48

Be your own money manager

Our tools can tell you how much better you can do entering a position in GS Chain 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 CEOs Directory Now

CEOs Directory

Screen CEOs from public companies around the world

All Next

Launch Module

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