Gatekeeper Systems Correlations

GSI Stock

CAD 1.35 0.05 3.57%

The current 90-days correlation between Gatekeeper Systems and Gatekeeper Systems is 0.47 (i.e., Very weak diversification). The correlation of Gatekeeper Systems 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gatekeeper Systems Correlation With Market

Average diversification

The correlation between Gatekeeper Systems and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gatekeeper Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Gatekeeper Stock

0.69	CEF	Sprott Physical Gold	Pair Corr
0.93	CSOC-A	Canso Select Opportu	Pair Corr
0.64	MFC-PC	Manulife Finl Srs	Pair Corr
0.68	SLF-PC	Sun Life Financial	Pair Corr
0.7	SLF-PD	Sun Life Financial	Pair Corr
0.91	SLF-PG	Sun Life Non	Pair Corr
0.8	PRL	Propel Holdings	Pair Corr
0.88	PWF-PZ	Power Financial Corp	Pair Corr
0.75	LNR	Linamar	Pair Corr
0.92	AUAU	Allegiant Gold Split	Pair Corr
0.8	BPO-PA	Brookfield Office	Pair Corr
0.76	ET	Evertz Technologies	Pair Corr
0.91	RKV	Rakovina Therapeutics Split	Pair Corr
0.95	RCI-A	Rogers Communications Earnings Call Today	Pair Corr
0.73	SLF-PE	Sun Life Financial	Pair Corr
0.69	LGD	Liberty Gold Corp	Pair Corr
0.84	CAPT	Capitan Mining	Pair Corr
0.68	MUR	Murchison Minerals Split	Pair Corr
0.76	MXG	Maxim Power Corp	Pair Corr
0.69	PHX	PHX Energy Services	Pair Corr

Moving against Gatekeeper Stock

0.75

HFPC-U

Helios Fairfax Partners

Pair Corr

Related Correlations Analysis

	GKPRF	SCAN	SECU	XX	PNG
GKPRF		-0.82	0.21	-0.7	0.9	GKPRF
SCAN	-0.82		0.02	0.75	-0.8	SCAN
SECU	0.21	0.02		0.07	0.3	SECU
XX	-0.7	0.75	0.07		-0.63	XX
PNG	0.9	-0.8	0.3	-0.63		PNG
	GKPRF	SCAN	SECU	XX	PNG

Click cells to compare fundamentals

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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

PNG	+ 0.9	GKPRF
XX	+ 0.75	SCAN
PNG	+ 0.3	SECU
SECU	+ 0.21	GKPRF
XX	+ 0.07	SECU
SECU	+ 0.02	SCAN

High negative correlations

SCAN	- 0.82	GKPRF
PNG	- 0.8	SCAN
XX	- 0.7	GKPRF
PNG	- 0.63	XX

Risk-Adjusted Indicators

There is a big difference between Gatekeeper Stock performing well and Gatekeeper Systems 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 Gatekeeper Systems' 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
GKPRF	4.96	1.82	0.37	2.25	3.51	(7.17)	12.50	(6.67)	45.44
SCAN	4.05	(1.25)	0.00	(1.88)	0.00	0.00	9.09	(11.11)	31.80
SECU	1.70	(0.05)	(0.04)	0.06	2.17	(1.92)	3.81	(4.07)	9.38
XX	2.58	(0.06)	0.00	(0.23)	0.00	0.00	7.14	(4.49)	19.28
PNG	2.34	0.76	0.24	1.58	2.10	(2.89)	5.80	(3.64)	20.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gatekeeper Systems 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.

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