Gravity Co Correlations

GD8A Stock

EUR 55.00 1.50 2.80%

The current 90-days correlation between Gravity Co and Berkshire Hathaway is 0.04 (i.e., Significant diversification). The correlation of Gravity Co 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.

Gravity Co Correlation With Market

Poor diversification

The correlation between Gravity Co and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gravity Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Gravity Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gravity Co 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 Gravity Co - 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 Gravity Co to buy it.

Moving together with Gravity Stock

0.66	SK3	Smurfit Kappa Group	Pair Corr
0.65	2G0	Food Life Companies	Pair Corr
0.83	NQG	Monolithic Power Systems	Pair Corr
0.67	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.67	3RB	RECKITT BENCK GRP	Pair Corr
0.71	10N	Enter Air SA	Pair Corr
0.75	RATV	Raisio plc	Pair Corr
0.65	317A	STINGRAY GROUP INC	Pair Corr
0.66	6IC	Iridium Communications	Pair Corr
0.73	PAE	PACCAR	Pair Corr
0.82	43C	CACTUS INC CLA Earnings Call This Week	Pair Corr
0.79	SKNB	Skanska AB	Pair Corr
0.71	SII	Wheaton Precious Metals	Pair Corr
0.67	T4W	Toro Energy	Pair Corr
0.81	ELG	Elmos Semiconductor Earnings Call This Week	Pair Corr
0.75	485B	Amcor PLC Split	Pair Corr
0.65	SZG	Salzgitter AG	Pair Corr
0.65	PYCP	Minera Alamos Split	Pair Corr

Moving against Gravity Stock

0.49	MTO	METTLER TOLEDO INTL	Pair Corr
0.48	MTO	METTLER TOLEDO INTL	Pair Corr
0.47	MTO	Mettler-Toledo International	Pair Corr
0.45	4AH1	PT Ace Hardware	Pair Corr
0.41	EFF	DTEFFWECHSEL BET Split	Pair Corr
0.51	3HB	Hybrigenics Societe	Pair Corr
0.49	DBPD	Xtrackers ShortDAX	Pair Corr
0.41	777	EUROSPORTS GLOBAL LTD	Pair Corr

Related Correlations Analysis

	BRH	LSPP	NVE	WNI	HHX	S0V	7LB
BRH		0.52	-0.14	-0.36	-0.34	-0.45	-0.56	BRH
LSPP	0.52		-0.12	-0.08	-0.59	-0.01	0.03	LSPP
NVE	-0.14	-0.12		0.28	0.03	0.65	0.55	NVE
WNI	-0.36	-0.08	0.28		0.41	0.58	0.53	WNI
HHX	-0.34	-0.59	0.03	0.41		0.03	0.1	HHX
S0V	-0.45	-0.01	0.65	0.58	0.03		0.89	S0V
7LB	-0.56	0.03	0.55	0.53	0.1	0.89		7LB
	BRH	LSPP	NVE	WNI	HHX	S0V	7LB

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

7LB	+ 0.89	S0V
S0V	+ 0.65	NVE
S0V	+ 0.58	WNI
7LB	+ 0.55	NVE
7LB	+ 0.53	WNI
LSPP	+ 0.52	BRH

High negative correlations

HHX	- 0.59	LSPP
7LB	- 0.56	BRH
S0V	- 0.45	BRH
WNI	- 0.36	BRH
HHX	- 0.34	BRH
NVE	- 0.14	BRH

Risk-Adjusted Indicators

There is a big difference between Gravity Stock performing well and Gravity Co 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 Gravity Co'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
BRH	0.77	(0.05)	0.00	0.40	0.00	0.00	1.72	(1.43)	7.12
LSPP	0.95	0.01	(0.04)	(0.02)	1.30	(0.94)	2.00	(1.73)	5.40
NVE	1.37	0.03	(0.01)	0.30	1.63	(1.86)	3.25	(2.38)	11.40
WNI	1.25	0.13	0.06	0.25	1.47	(1.51)	2.35	(2.81)	11.12
HHX	2.50	0.17	0.02	0.34	3.49	(6.09)	8.51	(8.33)	25.94
S0V	1.67	0.32	0.09	1.85	2.17	(2.06)	3.72	(3.59)	8.78
7LB	1.45	0.41	0.24	1.06	1.25	(1.76)	3.73	(2.71)	8.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Gravity Co 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?

Run Instant Ratings Now

Instant Ratings

Determine 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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC