GigCapital8 Corp Correlations

GIWWR Stock

0.31 0.01 3.13%

The current 90-days correlation between GigCapital8 Corp Rights and Intact Financial is 0.22 (i.e., Modest diversification). The correlation of GigCapital8 Corp 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.

GigCapital8 Corp Correlation With Market

Average diversification

The correlation between GigCapital8 Corp Rights and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GigCapital8 Corp Rights and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GigCapital8 Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigCapital8 Corp Rights. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with GigCapital8 Stock

0.63	AAPL	Apple Inc	Pair Corr
0.72	GOOG	Alphabet Class C Aggressive Push	Pair Corr
0.66	AKAM	Akamai Technologies	Pair Corr
0.7	REGN	Regeneron Pharmaceuticals	Pair Corr
0.75	RLMD	Relmada Therapeutics	Pair Corr
0.64	APGE	Apogee Therapeutics,	Pair Corr

Moving against GigCapital8 Stock

0.75	NTNX	Nutanix	Pair Corr
0.74	MSFT	Microsoft Sell-off Trend	Pair Corr
0.58	META	Meta Platforms	Pair Corr
0.45	RYSKF	Reysas Tasimacilik	Pair Corr
0.42	NVDA	NVIDIA Aggressive Push	Pair Corr
0.36	26442TAG2	US26442TAG22	Pair Corr
0.39	SWRM	Appswarm	Pair Corr
0.38	CURLF	Curaleaf Holdings	Pair Corr
0.35	RGC	Regencell Bioscience	Pair Corr

Related Correlations Analysis

	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA
INFFF		-0.3	-0.2	-0.34	0.0	-0.18	-0.17	-0.08	INFFF
AFSIM	-0.3		0.34	0.28	0.0	0.04	-0.08	0.1	AFSIM
AFSIC	-0.2	0.34		0.55	0.0	0.1	-0.15	0.22	AFSIC
AFSIP	-0.34	0.28	0.55		0.0	0.21	0.09	0.04	AFSIP
SYANY	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SYANY
AFSIB	-0.18	0.04	0.1	0.21	0.0		0.11	0.24	AFSIB
AFSIN	-0.17	-0.08	-0.15	0.09	0.0	0.11		0.28	AFSIN
AFSIA	-0.08	0.1	0.22	0.04	0.0	0.24	0.28		AFSIA
	INFFF	AFSIM	AFSIC	AFSIP	SYANY	AFSIB	AFSIN	AFSIA

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

AFSIP	+ 0.55	AFSIC
AFSIC	+ 0.34	AFSIM
AFSIP	+ 0.28	AFSIM
AFSIA	+ 0.28	AFSIN
AFSIA	+ 0.24	AFSIB
AFSIA	+ 0.22	AFSIC

High negative correlations

AFSIP	- 0.34	INFFF
AFSIM	- 0.3	INFFF
AFSIC	- 0.2	INFFF
AFSIB	- 0.18	INFFF
AFSIN	- 0.17	INFFF
AFSIN	- 0.15	AFSIC

Risk-Adjusted Indicators

There is a big difference between GigCapital8 Stock performing well and GigCapital8 Corp 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 GigCapital8 Corp'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
INFFF	0.05	0.01	0.00	(0.35)	0.00	0.00	0.00	0.00	1.74
AFSIM	1.61	(0.14)	0.00	(0.29)	0.00	0.00	4.17	(4.91)	15.81
AFSIC	1.28	(0.08)	0.00	(0.88)	0.00	0.00	4.63	(5.53)	13.82
AFSIP	1.28	(0.19)	0.00	(0.37)	0.00	0.00	3.54	(3.89)	11.46
SYANY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFSIB	0.85	0.00	(0.02)	0.09	1.38	(1.79)	2.89	(2.81)	13.13
AFSIN	2.33	0.23	0.03	0.56	3.44	(2.98)	6.59	(5.66)	39.17
AFSIA	1.14	0.10	0.01	1.95	1.40	(2.20)	5.38	(2.79)	11.51

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