Genesis Growth Correlations

Summary

GGAADelisted Stock

USD 21.57 0.00 0.00%

The current 90-days correlation between Genesis Growth Tech and Rosecliff Acquisition Corp is -0.14 (i.e., Good diversification). The correlation of Genesis Growth 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.

Genesis Growth Correlation With Market

Good diversification

The correlation between Genesis Growth Tech and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesis Growth Tech 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Genesis Stock

0.61	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.71	BAC	Bank of America Aggressive Push	Pair Corr
0.83	DIS	Walt Disney Aggressive Push	Pair Corr
0.82	WMT	Walmart Aggressive Push	Pair Corr
0.68	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Genesis Stock

0.67	PPERY	Bank Mandiri Persero	Pair Corr
0.67	PBCRY	Bank Central Asia	Pair Corr
0.66	BKRKY	Bank Rakyat	Pair Corr
0.63	PPERF	Bank Mandiri Persero	Pair Corr
0.56	BKRKF	PT Bank Rakyat	Pair Corr
0.56	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.55	TLK	Telkom Indonesia Tbk	Pair Corr
0.53	PBCRF	PT Bank Central	Pair Corr
0.36	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	FATP	ROCG	RCLF	GRCY	CREC	FATPW	MEOA	ROC	JWAC	FGMC
FATP		-0.04	0.65	-0.66	0.38	-0.39	0.53	-0.34	-0.48	0.43	FATP
ROCG	-0.04		-0.01	0.11	-0.05	0.08	-0.1	0.14	0.28	0.01	ROCG
RCLF	0.65	-0.01		-0.38	-0.13	-0.41	0.02	-0.23	-0.13	0.05	RCLF
GRCY	-0.66	0.11	-0.38		-0.49	0.4	-0.66	0.42	0.64	-0.44	GRCY
CREC	0.38	-0.05	-0.13	-0.49		-0.13	0.67	-0.03	-0.44	0.41	CREC
FATPW	-0.39	0.08	-0.41	0.4	-0.13		-0.33	0.39	0.39	-0.31	FATPW
MEOA	0.53	-0.1	0.02	-0.66	0.67	-0.33		-0.53	-0.74	0.66	MEOA
ROC	-0.34	0.14	-0.23	0.42	-0.03	0.39	-0.53		0.61	-0.54	ROC
JWAC	-0.48	0.28	-0.13	0.64	-0.44	0.39	-0.74	0.61		-0.57	JWAC
FGMC	0.43	0.01	0.05	-0.44	0.41	-0.31	0.66	-0.54	-0.57		FGMC
	FATP	ROCG	RCLF	GRCY	CREC	FATPW	MEOA	ROC	JWAC	FGMC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

MEOA	+ 0.67	CREC
FGMC	+ 0.66	MEOA
RCLF	+ 0.65	FATP
JWAC	+ 0.64	GRCY
JWAC	+ 0.61	ROC
MEOA	+ 0.53	FATP

High negative correlations

JWAC	- 0.74	MEOA
MEOA	- 0.66	GRCY
GRCY	- 0.66	FATP
FGMC	- 0.57	JWAC
FGMC	- 0.54	ROC
ROC	- 0.53	MEOA

Risk-Adjusted Indicators

There is a big difference between Genesis Stock performing well and Genesis Growth 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 Genesis Growth'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
FATP	0.34	(0.03)	0.00	(0.34)	0.00	0.00	0.83	(0.92)	2.71
ROCG	0.36	(0.08)	0.00	(0.48)	0.00	0.00	0.48	(1.15)	8.48
RCLF	0.65	(0.11)	0.00	(2.57)	0.00	0.00	1.45	(1.42)	3.56
GRCY	0.62	(0.02)	(0.08)	(0.09)	0.96	(1.20)	2.59	(1.78)	8.45
CREC	1.23	0.07	(0.01)	0.99	1.97	(1.59)	3.77	(3.11)	14.89
FATPW	11.64	0.99	0.08	0.71	11.28	(16.52)	27.50	(20.67)	67.42
MEOA	4.18	2.00	0.00	1.74	0.00	0.00	0.81	(0.18)	140.18
ROC	2.75	(0.82)	0.00	1.16	0.00	0.00	4.86	(8.79)	22.92
JWAC	6.92	0.30	0.00	(0.03)	13.27	(7.44)	29.88	(23.44)	94.90
FGMC	0.29	0.01	(0.07)	0.44	0.75	(0.46)	0.47	(0.38)	5.85

Genesis Growth Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Genesis Growth stock to make a market-neutral strategy. Peer analysis of Genesis Growth could also be used in its relative valuation, which is a method of valuing Genesis Growth by comparing valuation metrics with similar companies.

Fat Projects Acquisition Roth CH Acquisition Rosecliff Acquisition Corp Greencity Acquisition Corp Crescera Capital Acquisition Fat Projects Acquisition Minority Equality Opportunities ROC Energy Acquisition Jupiter Wellness Acquisition FG Merger Corp Minority Equality Opportunities American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Still Interested in Genesis Growth Tech?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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

2024 Macroaxis LLC