Global Payments Correlations
| GLO Stock | EUR 112.90 0.15 0.13% |
The current 90-days correlation between Global Payments and Check Point Software is 0.01 (i.e., Significant diversification). The correlation of Global Payments 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.
Global Payments Correlation With Market
Average diversification
The correlation between Global Payments and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Payments and DJI in the same portfolio, assuming nothing else is changed.
Global |
The ability to find closely correlated positions to Global Payments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Payments 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 Global Payments - 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 Global Payments to buy it.
Moving together with Global Stock
| 0.67 | ADP | Automatic Data Processing | PairCorr |
| 0.66 | FIV | Fiserv Inc | PairCorr |
| 0.84 | VA7A | Verisk Analytics | PairCorr |
| 0.72 | RLS | Rollins | PairCorr |
Moving against Global Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Payments 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 Global Payments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PYA | 2.44 | 0.45 | 0.24 | 0.39 | 1.70 | 6.86 | 17.12 | |||
| CPW | 1.22 | 0.00 | (0.04) | 0.18 | 2.75 | 2.42 | 16.36 | |||
| TSFA | 1.90 | 0.22 | 0.03 | 88.34 | 2.46 | 4.54 | 14.99 | |||
| VNX | 1.48 | (0.22) | 0.00 | (0.04) | 0.00 | 2.88 | 13.22 | |||
| 8ZI | 0.93 | (0.15) | 0.00 | 9.77 | 0.00 | 1.75 | 10.53 | |||
| S92 | 2.78 | (0.59) | 0.00 | (3.53) | 0.00 | 4.99 | 25.26 | |||
| N0S | 2.20 | (0.68) | 0.00 | (0.32) | 0.00 | 3.75 | 30.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Payments 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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Global Payments Corporate Management
Elected by the shareholders, the Global Payments' board of directors comprises two types of representatives: Global Payments inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Payments' management team and ensure that shareholders' interests are well served. Global Payments' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Global Payments' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeffrey JD | CEO Director | Profile | |
| Winnie Smith | VP Relations | Profile | |
| Phyllis McNeill | VP Communications | Profile | |
| Andra Carter | EVP Officer | Profile | |
| Frank Young | Chief Officer | Profile | |
| Cameron CPA | Pres COO | Profile | |
| David Esq | Gen EVP | Profile |