Great Southern Correlations
| GSBC Stock | USD 52.49 0.96 1.86% |
The correlation of Great Southern 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 Great Southern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Great Southern Bancorp 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.
Very weak diversification
The correlation between Great Southern Bancorp and NYA is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Southern Bancorp and NYA in the same portfolio, assuming nothing else is changed.
Great |
The ability to find closely correlated positions to Great Southern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Southern 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 Great Southern - 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 Great Southern Bancorp to buy it.
Moving together with Great Stock
| 0.62 | AX | Axos Financial Fiscal Year End 25th of July 2024 | PairCorr |
| 0.84 | PB | Prosperity Bancshares Financial Report 24th of July 2024 | PairCorr |
| 0.69 | RF | Regions Financial Financial Report 19th of July 2024 | PairCorr |
| 0.74 | VBTX | Veritex Holdings Financial Report 23rd of July 2024 | 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 Great Southern 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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Great Southern Corporate Executives
Elected by the shareholders, the Great Southern's board of directors comprises two types of representatives: Great Southern inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Great. The board's role is to monitor Great Southern's management team and ensure that shareholders' interests are well served. Great Southern'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, Great Southern's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rex Copeland | Treasurer, CFO of Great Southern Bank and Sr. VP of Great Southern Bank | Profile |
Already Invested in Great Southern Bancorp?
The danger of trading Great Southern Bancorp 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 Great Southern 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 Great Southern. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Great Southern Bancorp 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 Great Southern Bancorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Great Southern's 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 Great Southern Bancorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Great Southern Bancorp Stock: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Southern Bancorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Great Southern Bancorp information on this page should be used as a complementary analysis to other Great Southern'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 the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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When running Great Southern's price analysis, check to measure Great Southern'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 Great Southern is operating at the current time. Most of Great Southern's value examination focuses on studying past and present price action to predict the probability of Great Southern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Great Southern's price. Additionally, you may evaluate how the addition of Great Southern to your portfolios can decrease your overall portfolio volatility.
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Is Great Southern'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 Great Southern. If investors know Great 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 Great Southern 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 (0.32) | Dividend Share 1.6 | Earnings Share 5.07 | Revenue Per Share 18.257 | Quarterly Revenue Growth (0.16) |
The market value of Great Southern Bancorp is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Southern's value that differs from its market value or its book value, called intrinsic value, which is Great Southern'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 Great Southern's market value can be influenced by many factors that don't directly affect Great Southern'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 Great Southern's value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Southern is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Southern'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.