GigCapital7 Corp Correlations

GIG Stock

USD 2.47 7.51 75.25%

The current 90-days correlation between GigCapital7 Corp Class and Oshidori International Holdings is -0.1 (i.e., Good diversification). The correlation of GigCapital7 Corp 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.

GigCapital7 Corp Correlation With Market

Average diversification

The correlation between GigCapital7 Corp Class and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GigCapital7 Corp Class and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigCapital7 Corp Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in GigCapital7 Stock please use our How to Invest in GigCapital7 Corp guide.

Moving together with GigCapital7 Stock

0.67	V	Visa Class A	Pair Corr
0.66	DIST	Distoken Acquisition	Pair Corr
0.64	BN	Brookfield Corp	Pair Corr
0.68	DX	Dynex Capital	Pair Corr
0.68	LC	LendingClub Corp	Pair Corr
0.77	LX	Lexinfintech Holdings	Pair Corr
0.66	MA	Mastercard	Pair Corr
0.68	PX	P10 Inc	Pair Corr
0.67	QD	Qudian Inc	Pair Corr
0.64	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.61	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against GigCapital7 Stock

0.75	XP	Xp Inc Sell-off Trend	Pair Corr
0.46	WU	Western Union	Pair Corr
0.44	WD	Walker Dunlop	Pair Corr
0.41	LU	Lufax Holding	Pair Corr
0.32	PT	Pintec Technology	Pair Corr
0.65	EMCGU	Embrace Change Acqui	Pair Corr
0.41	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.38	BRACU	Broad Capital Acquisition	Pair Corr

Related Correlations Analysis

	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI
AQUI		0.79	0.37	-0.39	0.63	-0.55	-0.11	0.19	0.06	0.09	AQUI
MSTSX	0.79		0.59	-0.56	0.88	-0.74	-0.23	0.37	0.07	-0.06	MSTSX
LBHIX	0.37	0.59		0.04	0.76	-0.2	0.22	-0.25	0.54	0.17	LBHIX
VIASP	-0.39	-0.56	0.04		-0.3	0.85	0.69	-0.55	0.69	0.43	VIASP
RRTLX	0.63	0.88	0.76	-0.3		-0.57	-0.04	0.14	0.31	0.06	RRTLX
OSHDF	-0.55	-0.74	-0.2	0.85	-0.57		0.45	-0.49	0.38	0.12	OSHDF
70082LAB3	-0.11	-0.23	0.22	0.69	-0.04	0.45		-0.28	0.73	0.85	70082LAB3
SITKF	0.19	0.37	-0.25	-0.55	0.14	-0.49	-0.28		-0.36	-0.1	SITKF
RWAYL	0.06	0.07	0.54	0.69	0.31	0.38	0.73	-0.36		0.6	RWAYL
SEGI	0.09	-0.06	0.17	0.43	0.06	0.12	0.85	-0.1	0.6		SEGI
	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI

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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

RRTLX	+ 0.88	MSTSX
OSHDF	+ 0.85	VIASP
SEGI	+ 0.85	70082LAB3
MSTSX	+ 0.79	AQUI
RRTLX	+ 0.76	LBHIX
RWAYL	+ 0.73	70082LAB3

High negative correlations

OSHDF	- 0.74	MSTSX
OSHDF	- 0.57	RRTLX
VIASP	- 0.56	MSTSX
SITKF	- 0.55	VIASP
OSHDF	- 0.55	AQUI
SITKF	- 0.49	OSHDF

Risk-Adjusted Indicators

There is a big difference between GigCapital7 Stock performing well and GigCapital7 Corp 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 GigCapital7 Corp'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
AQUI	2.79	(1.42)	0.00	5.71	0.00	0.00	0.00	0.00	93.33
MSTSX	0.55	(0.14)	0.00	(0.22)	0.00	0.00	1.03	(1.02)	7.08
LBHIX	0.11	(0.02)	0.00	(0.35)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.75	0.14	0.08	(0.89)	1.03	(0.85)	2.00	(1.20)	5.14
RRTLX	0.28	(0.08)	0.00	(0.33)	0.00	0.00	0.40	(0.56)	3.47
OSHDF	46.68	24.56	0.00	(1.67)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.67	0.10	0.07	0.91	0.81	(0.84)	1.78	(0.78)	6.86
SITKF	5.15	0.40	0.06	1.09	4.92	(8.51)	14.29	(9.09)	30.02
RWAYL	0.15	(0.01)	(0.14)	(0.07)	0.22	(0.18)	0.36	(0.28)	1.49
SEGI	10.72	1.88	0.12	(3.71)	11.30	(15.47)	28.57	(20.00)	70.63

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