General American Correlations

Stocks . USA . 
Stock . General American Investors
GAM Stock  USD 60.40  0.23  0.38%   
The current 90-days correlation between General American Inv and Central Securities is -0.22 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General American moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General American Investors moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

General American Correlation With Market

Poor diversification

The correlation between General American Investors and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General American Investors and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with General Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General American Investors. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with General Stock

  0.93CG Carlyle GroupPairCorr
  0.88GS Goldman Sachs GroupPairCorr
  0.71VRTS Virtus InvestmentPairCorr
  0.82FDUS Fidus Investment CorpPairCorr
  0.89BLK BlackRockPairCorr
  0.81COF Capital One FinancialPairCorr
  0.92JXN Jackson FinancialPairCorr
  0.84PNNT PennantPark InvestmentPairCorr
  0.71ALLY Ally FinancialPairCorr
  0.83APAM Artisan Partners AssetPairCorr
  0.91C CitigroupPairCorr
  0.95L Loews CorpPairCorr
  0.93AX Axos FinancialPairCorr
  0.91BK Bank of New YorkPairCorr
  0.77BN Brookfield Corp Sell-off TrendPairCorr
  0.84BX Blackstone GroupPairCorr
  0.73BY Byline BancorpPairCorr
  0.9CM Canadian Imperial BankPairCorr
  0.91DB Deutsche Bank AGPairCorr
  0.7FG FG Annuities LifePairCorr
  0.79GL Globe LifePairCorr
  0.79HG Hamilton Insurance Group,PairCorr
  0.95IX Orix Corp AdsPairCorr

Moving against General Stock

  0.71CWD CaliberCos Class APairCorr
  0.62FSK FS KKR CapitalPairCorr
  0.42V Visa Class APairCorr
  0.41PYPL PayPal HoldingsPairCorr
  0.79AC Associated CapitalPairCorr
  0.62CB ChubbPairCorr
  0.67LX Lexinfintech HoldingsPairCorr

Related Correlations Analysis


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

TY
+ 0.94
CET
RVT
+ 0.91
CET
RVT
+ 0.89
TY
TY
+ 0.88
ADX
ADX
+ 0.86
CET
RVT
+ 0.83
ADX
  

High negative correlations

PEO
- 0.2
MVF
ADX
- 0.16
KTF

Risk-Adjusted Indicators

There is a big difference between General Stock performing well and General American 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 General American'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.

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