Getaround Correlations
| GETR Stock | 0.0001 0.00 0.00% |
The current 90-days correlation between Getaround and Presto Automation is 0.02 (i.e., Significant diversification). The correlation of Getaround 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.
Getaround Correlation With Market
Pay attention - limited upside
The correlation between Getaround and DJI is -0.73 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getaround and DJI in the same portfolio, assuming nothing else is changed.
Getaround |
The ability to find closely correlated positions to Getaround could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Getaround 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 Getaround - 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 Getaround to buy it.
Moving together with Getaround Pink Sheet
| 0.68 | CMWCF | Cromwell Property Earnings Call This Week | PairCorr |
Moving against Getaround Pink Sheet
| 0.84 | GS | Goldman Sachs Group | PairCorr |
| 0.72 | MEEEF | Metal Energy Corp | PairCorr |
| 0.71 | TORO | Toro | PairCorr |
| 0.61 | YLLXF | Yellow Cake plc | PairCorr |
| 0.54 | TSM | Taiwan Semiconductor | PairCorr |
| 0.52 | LRDC | Laredo Oil | PairCorr |
| 0.52 | EXAS | EXACT Sciences Sell-off Trend | PairCorr |
| 0.48 | BFS | Saul Centers Earnings Call This Week | PairCorr |
| 0.32 | USPH | US Physicalrapy | PairCorr |
| 0.76 | FRFFF | Fairfax Financial | PairCorr |
| 0.59 | UMAC | Unusual Machines Buyout Trend | PairCorr |
| 0.58 | GAYMF | Galway Metals | PairCorr |
| 0.57 | TATT | Tat Techno | PairCorr |
| 0.48 | DUK-PA | Duke Energy | PairCorr |
| 0.46 | PNRG | PrimeEnergy | PairCorr |
| 0.41 | INTC | Intel | PairCorr |
| 0.41 | CYD | China Yuchai Interna Earnings Call This Week | PairCorr |
| 0.35 | AES | AES Earnings Call This Week | PairCorr |
| 0.32 | GRBK | Green Brick Partners Earnings Call This Week | PairCorr |
| 0.31 | BAM | Brookfield Asset Man | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Getaround Pink Sheet performing well and Getaround 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 Getaround'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PRST | 20.91 | 6.38 | 0.10 | (1.63) | 17.50 | 100.00 | 166.67 | |||
| ZDEC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DGTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RBTC | 43.19 | 17.56 | 0.00 | (8.38) | 0.00 | 150.00 | 200.00 | |||
| VYGVQ | 52.21 | 19.48 | 0.35 | 3.46 | 27.21 | 100.00 | 793.75 | |||
| SDEC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GCLT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IWSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPTK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XCLL | 32.83 | 14.27 | 0.00 | 1.11 | 0.00 | 0.00 | 1,000.00 |
Be your own money manager
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Getaround Corporate Management
| Vanessa MacIlwaine | Vice Culture | Profile | |
| Karim Bousta | Pres Director | Profile | |
| Jessica Scorpio | Advisor Director | Profile | |
| Spencer Esq | General Secretary | Profile | |
| Sy Fahimi | Chief Officer | Profile | |
| Kasra Fahimi | Chief America | Profile |