GlobalData PLC Correlations

DATA Stock

84.80 0.60 0.71%

The current 90-days correlation between GlobalData PLC and Alphabet Class A is 0.14 (i.e., Average 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

Very good diversification

The correlation between GlobalData PLC and DJI is -0.28 (i.e., Very good 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.

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

0.67	0QGU	CNH Industrial NV	Pair Corr
0.61	WEIR	Weir Group PLC	Pair Corr
0.59	0QWA	Logista	Pair Corr
0.57	0MPL	SGL Carbon SE	Pair Corr
0.56	BME	BM European Value	Pair Corr
0.52	RIO	Rio Tinto PLC	Pair Corr
0.48	BC94	Samsung Electronics	Pair Corr
0.48	SMSN	Samsung Electronics	Pair Corr
0.48	KAP	National Atomic	Pair Corr
0.43	SMSD	Samsung Electronics	Pair Corr
0.43	0LCV	Taiwan Semiconductor	Pair Corr
0.4	JEDT	JPMorgan Euro Small	Pair Corr
0.4	WGLD	WisdomTree Core Physical	Pair Corr
0.39	YNGA	Young CoS Brewery	Pair Corr
0.38	TYT	Toyota Motor Corp	Pair Corr
0.38	MAB	Mitchells Butlers PLC	Pair Corr
0.35	0QB8	ASML Holding NV	Pair Corr
0.86	FMET	Fulcrum Metals PLC	Pair Corr
0.65	SDR	Schroders PLC	Pair Corr
0.64	SPX	Spirax Sarco Enginee	Pair Corr
0.63	DOM	Dominos Pizza Group	Pair Corr
0.62	EGY	VAALCO Energy	Pair Corr
0.61	0I4X	Crown Holdings	Pair Corr
0.57	SGRO	Segro Plc	Pair Corr
0.54	PLUS	Plus500	Pair Corr
0.47	GMET	Golden Metal Resources	Pair Corr
0.45	0K1Y	Mitsubishi UFJ Financial	Pair Corr
0.45	AAL	Anglo American PLC	Pair Corr
0.44	0Q7L	AMAG Austria Metall Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BC94	SMSD	SMSN	TYT	KAP	HHPD	RIGD	RICO	0HCI	0RIH
BC94		1.0	1.0	0.87	0.93	-0.18	-0.79	0.52	0.38	0.45	BC94
SMSD	1.0		0.99	0.88	0.91	-0.16	-0.8	0.5	0.38	0.46	SMSD
SMSN	1.0	0.99		0.87	0.93	-0.17	-0.79	0.53	0.38	0.44	SMSN
TYT	0.87	0.88	0.87		0.75	-0.3	-0.67	0.56	0.28	0.41	TYT
KAP	0.93	0.91	0.93	0.75		-0.24	-0.87	0.51	0.59	0.53	KAP
HHPD	-0.18	-0.16	-0.17	-0.3	-0.24		0.3	0.13	-0.14	-0.27	HHPD
RIGD	-0.79	-0.8	-0.79	-0.67	-0.87	0.3		-0.32	-0.7	-0.54	RIGD
RICO	0.52	0.5	0.53	0.56	0.51	0.13	-0.32		0.16	0.08	RICO
0HCI	0.38	0.38	0.38	0.28	0.59	-0.14	-0.7	0.16		0.55	0HCI
0RIH	0.45	0.46	0.44	0.41	0.53	-0.27	-0.54	0.08	0.55		0RIH
	BC94	SMSD	SMSN	TYT	KAP	HHPD	RIGD	RICO	0HCI	0RIH

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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

SMSD	+ 1.0	BC94
SMSN	+ 1.0	BC94
SMSN	+ 0.99	SMSD
KAP	+ 0.93	BC94
KAP	+ 0.93	SMSN
KAP	+ 0.91	SMSD

High negative correlations

RIGD	- 0.87	KAP
RIGD	- 0.8	SMSD
RIGD	- 0.79	SMSN
RIGD	- 0.79	BC94
0HCI	- 0.7	RIGD
RIGD	- 0.67	TYT

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
BC94	2.08	1.15	0.42	(1.27)	1.60	(2.50)	5.77	(3.43)	13.29
SMSD	2.05	1.03	0.37	(0.95)	1.55	(2.54)	5.44	(3.23)	12.16
SMSN	2.20	1.15	0.45	(1.34)	1.57	(2.69)	5.89	(3.18)	11.22
TYT	1.26	0.28	0.10	(14.03)	1.28	(1.61)	3.26	(2.29)	10.55
KAP	2.63	0.75	0.20	2.09	2.70	(2.93)	6.45	(4.75)	16.93
HHPD	1.41	0.01	0.00	0.05	0.00	0.00	3.22	(3.03)	7.42
RIGD	0.99	(0.09)	0.00	2.28	0.00	0.00	1.60	(2.66)	7.27
RICO	1.16	0.11	0.02	(17.53)	1.49	(2.04)	3.28	(3.69)	11.55
0HCI	1.83	(0.04)	0.00	(0.17)	0.00	0.00	4.44	(2.86)	15.00
0RIH	1.44	0.17	0.08	0.35	1.58	(1.60)	3.41	(2.44)	13.64

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.

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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

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