GT Capital Correlations

GTCAP Stock

653.00 9.00 1.40%

The current 90-days correlation between GT Capital Holdings and Top Frontier Investment is -0.05 (i.e., Good diversification). The correlation of GT Capital 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.

GT Capital Correlation With Market

Significant diversification

The correlation between GT Capital Holdings and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GT Capital Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GTCAP Stock

0.67	GTPPB	GT Capital Holdings	Pair Corr
0.82	FB	San Miguel Pure	Pair Corr
0.66	ALI	Ayala Land	Pair Corr
0.66	CEB	Cebu Air	Pair Corr
0.87	FILRT	Filinvest REIT Corp	Pair Corr
0.63	RRHI	Robinsons Retail Holdings	Pair Corr

Moving against GTCAP Stock

0.75	MER	Manila Electric	Pair Corr
0.63	TEL	PLDT Inc	Pair Corr
0.52	BDO	BDO Unibank	Pair Corr
0.49	BPI	Bank of the	Pair Corr

Related Correlations Analysis

	LOTO	MRSGI	TFHI	RCB	CNPF	BDO	SM	BPI
LOTO		-0.1	-0.2	-0.01	0.16	0.46	-0.27	0.6	LOTO
MRSGI	-0.1		0.09	0.66	-0.17	0.37	-0.09	0.09	MRSGI
TFHI	-0.2	0.09		0.22	-0.44	-0.05	-0.29	-0.27	TFHI
RCB	-0.01	0.66	0.22		-0.32	0.29	-0.28	0.05	RCB
CNPF	0.16	-0.17	-0.44	-0.32		0.22	0.67	0.43	CNPF
BDO	0.46	0.37	-0.05	0.29	0.22		-0.1	0.62	BDO
SM	-0.27	-0.09	-0.29	-0.28	0.67	-0.1		0.02	SM
BPI	0.6	0.09	-0.27	0.05	0.43	0.62	0.02		BPI
	LOTO	MRSGI	TFHI	RCB	CNPF	BDO	SM	BPI

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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

SM	+ 0.67	CNPF
RCB	+ 0.66	MRSGI
BPI	+ 0.62	BDO
BPI	+ 0.6	LOTO
BDO	+ 0.46	LOTO
BPI	+ 0.43	CNPF

High negative correlations

CNPF	- 0.44	TFHI
CNPF	- 0.32	RCB
SM	- 0.29	TFHI
SM	- 0.28	RCB
BPI	- 0.27	TFHI
SM	- 0.27	LOTO

Risk-Adjusted Indicators

There is a big difference between GTCAP Stock performing well and GT Capital 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 GT Capital'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
LOTO	2.36	(0.05)	0.00	0.24	0.00	0.00	5.88	(6.19)	19.26
MRSGI	1.12	(0.11)	0.00	(0.06)	0.00	0.00	2.48	(2.59)	9.46
TFHI	2.84	0.05	(0.03)	0.00	4.12	(3.24)	8.91	(8.10)	24.31
RCB	1.03	(0.07)	0.00	1.16	0.00	0.00	2.29	(2.34)	7.92
CNPF	1.45	0.10	(0.01)	0.66	1.70	(1.62)	4.33	(3.03)	9.19
BDO	1.27	0.00	(0.10)	0.32	1.32	(1.62)	3.31	(2.05)	8.30
SM	1.37	0.01	(0.05)	0.15	1.69	(1.43)	2.54	(2.89)	7.19
BPI	1.34	(0.10)	0.00	(8.39)	0.00	0.00	3.07	(2.76)	8.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in GT Capital 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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