Global Partner Correlations
| GPACUDelisted Stock | USD 10.03 1.75 14.86% |
The current 90-days correlation between Global Partner Acq and Evolution Mining is 0.2 (i.e., Modest diversification). The correlation of Global Partner 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.
Global Partner Correlation With Market
Weak diversification
The correlation between Global Partner Acq and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Partner Acq and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Stock
| 0.7 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Global Stock
| 0.83 | JPHLF | Japan Post Holdings | PairCorr |
| 0.77 | MSFT | Microsoft | PairCorr |
| 0.64 | BA | Boeing Sell-off Trend | PairCorr |
| 0.62 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.56 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.55 | MZHOF | Mizuho Financial | PairCorr |
| 0.5 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.48 | PYPL | PayPal Holdings | PairCorr |
| 0.46 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.46 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.43 | HD | Home Depot | PairCorr |
| 0.38 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.32 | CSCO | Cisco Systems | PairCorr |
Related Correlations Analysis
| 0.06 | 0.29 | 0.17 | 0.0 | -0.04 | CAHPF | ||
| 0.06 | -0.56 | 0.09 | -0.16 | -0.24 | HGMCF | ||
| 0.29 | -0.56 | 0.3 | 0.48 | 0.73 | GAP | ||
| 0.17 | 0.09 | 0.3 | 0.25 | 0.28 | WLYB | ||
| 0.0 | -0.16 | 0.48 | 0.25 | 0.8 | KRG | ||
| -0.04 | -0.24 | 0.73 | 0.28 | 0.8 | ABG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Partner 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 Partner'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CAHPF | 2.08 | 0.03 | 0.01 | 0.05 | 2.61 | 5.33 | 21.17 | |||
| HGMCF | 0.83 | (0.06) | 0.00 | 0.14 | 0.00 | 0.57 | 38.00 | |||
| GAP | 1.84 | 0.27 | 0.14 | 0.22 | 1.74 | 5.26 | 16.96 | |||
| WLYB | 1.20 | (0.06) | 0.00 | (0.25) | 0.00 | 2.95 | 15.38 | |||
| KRG | 0.78 | (0.04) | 0.00 | (0.24) | 0.00 | 1.56 | 4.35 | |||
| ABG | 1.51 | 0.21 | 0.13 | 0.69 | 1.28 | 3.72 | 9.76 |
Global Partner Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Partner stock to make a market-neutral strategy. Peer analysis of Global Partner could also be used in its relative valuation, which is a method of valuing Global Partner by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Global Partner Acq?
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