GlobalData PLC Correlations
| DATA Stock | 118.00 2.50 2.16% |
The current 90-days correlation between GlobalData PLC and FC Investment Trust is 0.22 (i.e., Modest diversification). The correlation of GlobalData PLC 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.
GlobalData PLC Correlation With Market
Average diversification
The correlation between GlobalData PLC and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GlobalData PLC and DJI in the same portfolio, assuming nothing else is changed.
GlobalData |
The ability to find closely correlated positions to GlobalData PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GlobalData PLC 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 GlobalData PLC - 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 GlobalData PLC to buy it.
Moving against GlobalData Stock
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| 0.69 | RIGD | Reliance Industries | PairCorr |
| 0.64 | SSE | SSE PLC | PairCorr |
| 0.59 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.56 | 0HF7 | Ametek Inc | PairCorr |
| 0.49 | 0LEE | Teradata Corp | PairCorr |
| 0.48 | SUPR | Supermarket Income REIT | PairCorr |
| 0.48 | IBT | International Biotechnology | PairCorr |
| 0.47 | TYT | Toyota Motor Corp | PairCorr |
| 0.44 | DEC | Diversified Energy | PairCorr |
| 0.36 | MIGO | Migo Opportunities Trust | PairCorr |
| 0.35 | BC94 | Samsung Electronics | PairCorr |
| 0.35 | SMSN | Samsung Electronics | PairCorr |
| 0.32 | SMSD | Samsung Electronics | PairCorr |
Related Correlations Analysis
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 GlobalData Stock performing well and GlobalData PLC 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 GlobalData PLC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRFI | 0.54 | 0.10 | 0.08 | 0.54 | 0.52 | 1.15 | 3.83 | |||
| FCIT | 0.60 | 0.04 | 0.01 | 0.19 | 0.70 | 0.93 | 4.07 | |||
| OIT | 0.96 | 0.11 | 0.06 | 0.73 | 0.99 | 1.84 | 4.20 | |||
| SYNT | 2.47 | (0.36) | 0.00 | (0.14) | 0.00 | 5.35 | 17.08 | |||
| EJFI | 0.34 | 0.00 | (0.03) | 0.00 | 0.43 | 1.23 | 4.20 | |||
| 0EG8 | 1.51 | 0.21 | 0.10 | 1.21 | 1.44 | 4.18 | 8.85 | |||
| 0L4F | 1.24 | 0.30 | 0.19 | (23.02) | 0.97 | 2.31 | 18.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GlobalData PLC 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
GlobalData PLC Corporate Management
Elected by the shareholders, the GlobalData PLC's board of directors comprises two types of representatives: GlobalData PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GlobalData. The board's role is to monitor GlobalData PLC's management team and ensure that shareholders' interests are well served. GlobalData PLC'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, GlobalData PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bob Hooper | Company Sec | Profile | |
| Katherine Lunn | Chief Officer | Profile | |
| Sofie Willmott | Retail Analyst | Profile | |
| Wayne Lloyd | Deputy Officer | Profile |