General Electric Correlations

GE
 Stock
  

USD 88.14  0.27  0.31%   

The correlation of General Electric is a statistical measure of how it moves in relation to other equities. 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 General Electric moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Electric 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to General Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Electric 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 General Electric - 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 General Electric to buy it.

Moving together with General Electric

+0.98EMREmerson ElectricPairCorr
+0.94ETNEaton CorpPairCorr
+0.86FTVFortive CorpPairCorr
+0.99HONHoneywell InternationalPairCorr
+0.96JCIJohnson Controls IntlPairCorr
+0.85MMM3M CompanyPairCorr
+0.97OSKOshkosh Truck CorpPairCorr
+0.95TRNTrinity IndustriesPairCorr
+0.93AGCOAgco CorpPairCorr
+0.91AIRAAR CorpPairCorr
+0.9AITApplied IndustrialPairCorr
+0.82AMATApplied MaterialsPairCorr
+0.88AOSSmith AO CorpPairCorr
+0.94APDAir Products AndPairCorr
+0.96AROCArchrockPairCorr
+0.62ATRAptargroupPairCorr

Moving against General Electric

-0.63CSLCarlisle CompaniesPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
OSKHON
JCIHON
JCIOSK
HONFTV
MMMFTV
JCIFTV
  
High negative correlations   
JCICSL
HONCSL
OSKCSL
MMMCSL
FTVCSL

General Electric Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between General Stock performing well and General Electric company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze General Electric's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
LEG 1.81 (0.19)  0.00 (0.11)  0.00 (0.08)  0.00  3.86 (3.55)  11.73 
CSL 1.74 (0.28)  0.00 (0.37)  0.00 (0.11)  0.00  2.54 (3.35)  18.93 
FTV 1.46 (0.02)  0.00  0.05  1.58 (0.0026) (1.67)  3.14 (2.43)  7.81 
HON 1.36  0.11  0.07  0.16  1.38  0.07 (1.49)  3.27 (2.16)  5.73 
OSK 1.61  0.11  0.07  0.14  1.68  0.06 (1.75)  3.56 (2.72)  8.69 
MMM 1.54 (0.18)  0.00 (0.08)  0.00 (0.07)  0.00  3.38 (3.23)  10.76 
JCI 1.88  0.23  0.13  0.23  1.78  0.10 (2.31)  4.40 (3.83)  8.48 

Be your own money manager

Our tools can tell you how much better you can do entering a position in General Electric 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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General Electric Corporate Directors

General Electric corporate directors refer to members of a General Electric board of directors. The board of directors generally takes responsibility for the General Electric's 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 General Electric's board members must vote for the resolution. The General Electric board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Rochelle Lazarus - Independent DirectorProfile
Marijn Dekkers - Independent DirectorProfile
Mary Schapiro - Independent DirectorProfile
Andrea Jung - Independent DirectorProfile

Invested in General Electric?

The danger of trading General Electric 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 General Electric 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 General Electric. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile General Electric 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.
Please check Risk vs Return Analysis. Note that the General Electric information on this page should be used as a complementary analysis to other General Electric's 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for General Stock analysis

When running General Electric price analysis, check to measure General Electric's 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 General Electric is operating at the current time. Most of General Electric's value examination focuses on studying past and present price action to predict the probability of General Electric's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move General Electric's price. Additionally, you may evaluate how the addition of General Electric to your portfolios can decrease your overall portfolio volatility.
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Is General Electric's 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 General Electric. If investors know General 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 General Electric 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 YOY
3.95
Market Capitalization
96 B
Quarterly Revenue Growth YOY
0.028
Return On Assets
0.0115
Return On Equity
(0.14) 
The market value of General Electric is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Electric's value that differs from its market value or its book value, called intrinsic value, which is General Electric's 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 General Electric's market value can be influenced by many factors that don't directly affect General Electric's 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 General Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine General Electric value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Electric's 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.