Goldenbridge Acquisition Correlations

GBRGW Stock

USD 0.35 0.04 12.90%

The current 90-days correlation between Goldenbridge Acquisition and Invesco High Income is 0.03 (i.e., Significant diversification). The correlation of Goldenbridge Acquisition 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.

Goldenbridge Acquisition Correlation With Market

Average diversification

The correlation between Goldenbridge Acquisition Limit and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldenbridge Acquisition Limit 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 Goldenbridge Acquisition Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Goldenbridge Stock

0.64	DIST	Distoken Acquisition	Pair Corr
0.68	PX	P10 Inc	Pair Corr
0.69	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Goldenbridge Stock

0.32	PT	Pintec Technology	Pair Corr
0.63	XP	Xp Inc Downward Rally	Pair Corr
0.4	BRACU	Broad Capital Acquisition	Pair Corr
0.39	BRKHW	BurTech Acquisition Corp	Pair Corr
0.37	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	IHTA	MHN	NXC	CXH	FMN
IHTA		-0.1	-0.49	-0.01	-0.68	IHTA
MHN	-0.1		0.77	0.71	0.73	MHN
NXC	-0.49	0.77		0.5	0.9	NXC
CXH	-0.01	0.71	0.5		0.51	CXH
FMN	-0.68	0.73	0.9	0.51		FMN
	IHTA	MHN	NXC	CXH	FMN

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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

FMN	+ 0.9	NXC
NXC	+ 0.77	MHN
FMN	+ 0.73	MHN
CXH	+ 0.71	MHN
FMN	+ 0.51	CXH
CXH	+ 0.5	NXC

High negative correlations

FMN	- 0.68	IHTA
NXC	- 0.49	IHTA
MHN	- 0.1	IHTA
CXH	- 0.01	IHTA

Risk-Adjusted Indicators

There is a big difference between Goldenbridge Stock performing well and Goldenbridge Acquisition 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 Goldenbridge Acquisition'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
IHTA	0.24	0.05	(0.12)	2.51	0.25	(0.30)	0.68	(0.27)	2.03
MHN	0.37	0.00	(0.14)	0.16	0.63	(0.33)	0.75	(1.03)	2.69
NXC	0.44	(0.04)	0.00	(2.93)	0.00	0.00	0.94	(0.94)	2.82
CXH	0.33	0.02	(0.22)	(0.04)	0.42	(0.35)	0.62	(0.74)	2.10
FMN	0.49	(0.06)	0.00	0.57	0.00	0.00	1.07	(1.49)	5.10

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