GTL Infrastructure Correlations
The correlation of GTL Infrastructure 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.
GTL |
The ability to find closely correlated positions to GTL Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GTL Infrastructure 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 GTL Infrastructure - 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 GTL Infrastructure Limited to buy it.
Related Correlations Analysis
| -0.39 | 0.0 | -0.06 | 0.58 | 0.55 | 0.54 | ZODIACLOTH | ||
| -0.39 | 0.06 | -0.12 | -0.45 | -0.57 | -0.23 | RELIABLE | ||
| 0.0 | 0.06 | -0.05 | 0.39 | -0.07 | -0.09 | NEWGEN | ||
| -0.06 | -0.12 | -0.05 | 0.22 | 0.27 | 0.33 | RETAIL | ||
| 0.58 | -0.45 | 0.39 | 0.22 | 0.65 | 0.58 | HATHWAY | ||
| 0.55 | -0.57 | -0.07 | 0.27 | 0.65 | 0.62 | INDIANCARD | ||
| 0.54 | -0.23 | -0.09 | 0.33 | 0.58 | 0.62 | SPENCERS | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between GTL Stock performing well and GTL Infrastructure 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 GTL Infrastructure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZODIACLOTH | 1.53 | (0.13) | 0.00 | 0.92 | 0.00 | 2.38 | 19.52 | |||
| RELIABLE | 3.23 | 0.89 | 0.26 | 0.60 | 2.74 | 9.99 | 25.00 | |||
| NEWGEN | 1.53 | (0.24) | 0.00 | (0.42) | 0.00 | 3.88 | 16.10 | |||
| RETAIL | 2.21 | (0.09) | 0.00 | 0.26 | 0.00 | 4.92 | 14.74 | |||
| HATHWAY | 0.93 | (0.30) | 0.00 | 1.61 | 0.00 | 1.72 | 5.67 | |||
| INDIANCARD | 1.51 | (0.35) | 0.00 | 1.74 | 0.00 | 3.44 | 18.23 | |||
| SPENCERS | 1.31 | (0.20) | 0.00 | 0.97 | 0.00 | 3.01 | 10.80 |
GTL Infrastructure 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 GTL Infrastructure stock to make a market-neutral strategy. Peer analysis of GTL Infrastructure could also be used in its relative valuation, which is a method of valuing GTL Infrastructure by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
GTL Infrastructure Corporate Management
Elected by the shareholders, the GTL Infrastructure's board of directors comprises two types of representatives: GTL Infrastructure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GTL. The board's role is to monitor GTL Infrastructure's management team and ensure that shareholders' interests are well served. GTL Infrastructure'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, GTL Infrastructure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bhupendra Kiny | Head Costing | Profile | |
| Milind Bengali | Chief Officer | Profile | |
| Eugene Valles | Vice Resources | Profile | |
| Ajit Shanbhag | Chief Officer | Profile |