Gold Fields Correlations
| GFI Stock | USD 16.96 0.07 0.41% |
The correlation of Gold Fields 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gold Fields moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gold Fields Ltd moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Gold Fields Ltd and NYA is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gold Fields Ltd and NYA in the same portfolio, assuming nothing else is changed.
Gold |
The ability to find closely correlated positions to Gold Fields could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gold Fields 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 Gold Fields - 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 Gold Fields Ltd to buy it.
Moving together with Gold Stock
| 0.93 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.92 | AG | First Majestic Silver Financial Report 2nd of May 2024 | PairCorr |
| 0.89 | AU | AngloGold Ashanti plc Financial Report 28th of June 2024 | PairCorr |
| 0.63 | CX | Cemex SAB de Earnings Call Tomorrow | PairCorr |
| 0.8 | DC | Dakota Gold Corp | PairCorr |
| 0.8 | FF | FutureFuel Corp | PairCorr |
| 0.94 | HL | Hecla Mining Financial Report 8th of May 2024 | PairCorr |
| 0.89 | IE | Ivanhoe Electric Financial Report 20th of May 2024 | PairCorr |
| 0.61 | NG | NovaGold Resources | PairCorr |
Moving against Gold Stock
| 0.74 | NC | NACCO Industries | PairCorr |
| 0.71 | VALE | Vale SA ADR Earnings Call Today | PairCorr |
| 0.7 | X | United States Steel Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Gold Fields 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?
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Gold Fields Corporate Directors
Gold Fields corporate directors refer to members of a Gold Fields board of directors. The board of directors generally takes responsibility for the Gold Fields' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Gold Fields' board members must vote for the resolution. The Gold Fields board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Carmen Letton | Independent Non-Executive Director | Profile | |
| Philisiwe Sibiya | Independent Non-Executive Director | Profile | |
| David Murray | Independent Non-Executive Director | Profile | |
| Phuti Mahanyele | Independent Non-Executive Director | Profile |
Already Invested in Gold Fields Ltd?
The danger of trading Gold Fields Ltd is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Gold Fields is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Gold Fields. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gold Fields is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Gold Fields offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Gold Fields' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Gold Fields Ltd Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Gold Fields Ltd Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gold Fields Ltd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Gold Fields information on this page should be used as a complementary analysis to other Gold Fields' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
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When running Gold Fields' price analysis, check to measure Gold Fields' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Gold Fields is operating at the current time. Most of Gold Fields' value examination focuses on studying past and present price action to predict the probability of Gold Fields' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gold Fields' price. Additionally, you may evaluate how the addition of Gold Fields to your portfolios can decrease your overall portfolio volatility.
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Is Gold Fields' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Gold Fields. If investors know Gold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Gold Fields listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.10) | Dividend Share 0.407 | Earnings Share 0.79 | Revenue Per Share 2.519 | Quarterly Revenue Growth 0.014 |
The market value of Gold Fields is measured differently than its book value, which is the value of Gold that is recorded on the company's balance sheet. Investors also form their own opinion of Gold Fields' value that differs from its market value or its book value, called intrinsic value, which is Gold Fields' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Gold Fields' market value can be influenced by many factors that don't directly affect Gold Fields' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Gold Fields' value and its price as these two are different measures arrived at by different means. Investors typically determine if Gold Fields is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Gold Fields' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.