Gores Holdings Correlations
| GHIXWDelisted Stock | USD 0.01 0.0001 2.04% |
The current 90-days correlation between Gores Holdings IX and Hennessy Capital Investment is -0.04 (i.e., Good diversification). The correlation of Gores Holdings 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.
Gores Holdings Correlation With Market
Significant diversification
The correlation between Gores Holdings IX and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gores Holdings IX and DJI in the same portfolio, assuming nothing else is changed.
Gores |
Moving against Gores Stock
| 0.61 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.54 | DSAQ | Direct Selling Acqui | PairCorr |
| 0.53 | DPCS | DP Cap Acquisition | PairCorr |
| 0.48 | NOVVU | Nova Vision Acquisition | PairCorr |
| 0.46 | YHNAU | YHN Acquisition I | PairCorr |
| 0.44 | DIST | Distoken Acquisition | PairCorr |
| 0.4 | DTSQ | DT Cloud Star | PairCorr |
| 0.39 | DUET | DUET Acquisition Corp | PairCorr |
| 0.36 | TETEU | Technology Telecommunicatio | PairCorr |
| 0.31 | CDAQU | Compass Digital Acqu | PairCorr |
| 0.31 | DMYY | dMY Squared Technology | PairCorr |
| 0.65 | EVGR | Evergreen Corp | PairCorr |
| 0.62 | ESHA | ESH Acquisition Corp | PairCorr |
| 0.59 | WAVSU | Western Acquisition | PairCorr |
| 0.59 | FHLT | Future Health Esg | PairCorr |
| 0.58 | EURK | Eureka Acquisition Corp | PairCorr |
| 0.55 | ANSCW | Agriculture Natural | PairCorr |
| 0.49 | WINV | WinVest Acquisition Corp | PairCorr |
| 0.48 | EMCG | Embrace Change Acqui | PairCorr |
| 0.46 | OCAXW | OCA Acquisition Corp | PairCorr |
| 0.46 | BSIIU | Black Spade Acquisition | PairCorr |
| 0.44 | WTMA | Welsbach Technology | PairCorr |
| 0.42 | DISTR | Distoken Acquisition | PairCorr |
| 0.38 | FRLAU | Fortune Rise Acquisition | PairCorr |
Related Correlations Analysis
| -0.33 | 0.3 | -0.1 | 0.21 | HCVIW | ||
| -0.33 | 0.16 | 0.19 | -0.65 | GHIX | ||
| 0.3 | 0.16 | 0.29 | -0.27 | BWCAW | ||
| -0.1 | 0.19 | 0.29 | -0.45 | SCRMW | ||
| 0.21 | -0.65 | -0.27 | -0.45 | GPACW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Gores Stock performing well and Gores Holdings 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 Gores Holdings' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCVIW | 8.17 | 0.97 | 0.04 | (1.41) | 10.46 | 18.18 | 93.56 | |||
| GHIX | 0.14 | (0.07) | 0.00 | (2.00) | 0.00 | 0.19 | 2.88 | |||
| BWCAW | 13.05 | (0.18) | 0.00 | 0.14 | 0.00 | 28.00 | 135.23 | |||
| SCRMW | 7.51 | 0.67 | 0.02 | (0.13) | 8.74 | 31.58 | 82.67 | |||
| GPACW | 19.59 | 6.00 | 0.25 | (9.72) | 14.08 | 46.15 | 328.12 |
Gores Holdings Corporate Executives
Elected by the shareholders, the Gores Holdings' board of directors comprises two types of representatives: Gores Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gores. The board's role is to monitor Gores Holdings' management team and ensure that shareholders' interests are well served. Gores Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gores Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andrew McBride | CFO Secretary | Profile |
Still Interested in Gores Holdings IX?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.