Global Lights Correlations

GLACR Stock

USD 0.15 0.00 0.00%

The current 90-days correlation between Global Lights Acquisition and Albertsons Companies is -0.11 (i.e., Good diversification). The correlation of Global Lights 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.

Global Lights Correlation With Market

Good diversification

The correlation between Global Lights Acquisition and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Lights Acquisition 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 main economic indicators.

Moving against Global Stock

0.54	DMYY	dMY Squared Technology	Pair Corr
0.49	DTSQ	DT Cloud Star	Pair Corr
0.48	DSAQ	Direct Selling Acqui	Pair Corr
0.46	DIST	Distoken Acquisition	Pair Corr
0.44	EMCG	Embrace Change Acqui	Pair Corr
0.42	DYCQ	DT Cloud Acquisition	Pair Corr
0.37	YHNAU	YHN Acquisition I	Pair Corr
0.55	BSIIU	Black Spade Acquisition	Pair Corr
0.52	EURK	Eureka Acquisition Corp	Pair Corr
0.5	ESHA	ESH Acquisition Corp	Pair Corr
0.5	FRLAU	Fortune Rise Acquisition	Pair Corr
0.47	OCAXW	OCA Acquisition Corp	Pair Corr
0.46	WINV	WinVest Acquisition Corp	Pair Corr
0.44	OCAXU	OCA Acquisition Corp	Pair Corr
0.42	DISTR	Distoken Acquisition	Pair Corr
0.41	ANSCU	Agriculture Natural	Pair Corr
0.41	WTMA	Welsbach Technology	Pair Corr
0.4	EVGR	Evergreen Corp	Pair Corr
0.36	MLACU	MOUNTAIN LAKE ACQUISITION	Pair Corr
0.35	ANSCW	Agriculture Natural	Pair Corr

Related Correlations Analysis

	ACI	MYTE	ABG	TSHO	WEST	CDR-PB	WVVIP	VSCO
ACI		0.34	0.35	0.0	-0.22	0.06	-0.04	0.44	ACI
MYTE	0.34		-0.16	0.0	-0.41	0.09	-0.11	0.09	MYTE
ABG	0.35	-0.16		0.0	0.54	0.55	0.36	0.55	ABG
TSHO	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TSHO
WEST	-0.22	-0.41	0.54	0.0		0.36	0.19	0.05	WEST
CDR-PB	0.06	0.09	0.55	0.0	0.36		0.25	0.29	CDR-PB
WVVIP	-0.04	-0.11	0.36	0.0	0.19	0.25		0.37	WVVIP
VSCO	0.44	0.09	0.55	0.0	0.05	0.29	0.37		VSCO
	ACI	MYTE	ABG	TSHO	WEST	CDR-PB	WVVIP	VSCO

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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

CDR-PB	+ 0.55	ABG
VSCO	+ 0.55	ABG
WEST	+ 0.54	ABG
VSCO	+ 0.44	ACI
VSCO	+ 0.37	WVVIP
WVVIP	+ 0.36	ABG

High negative correlations

WEST	- 0.41	MYTE
WEST	- 0.22	ACI
ABG	- 0.16	MYTE
WVVIP	- 0.11	MYTE
WVVIP	- 0.04	ACI
VSCO	- 0.0	TSHO

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Lights 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 Global Lights' 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
ACI	1.18	0.11	0.06	0.80	1.28	(1.24)	3.09	(2.15)	7.65
MYTE	2.90	0.48	0.16	0.53	2.75	(3.91)	10.50	(4.39)	20.82
ABG	1.37	0.12	0.07	0.20	1.34	(1.46)	3.07	(2.34)	10.57
TSHO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WEST	2.71	(0.09)	0.00	(0.08)	0.00	0.00	5.92	(7.10)	15.39
CDR-PB	2.01	0.15	0.04	0.99	2.75	(2.37)	5.49	(4.49)	18.13
WVVIP	1.89	0.02	0.00	(0.35)	2.33	(2.18)	5.64	(3.85)	13.21
VSCO	2.55	0.52	0.20	2.77	2.18	(3.11)	6.06	(4.68)	17.81

Global Lights 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 Global Lights stock to make a market-neutral strategy. Peer analysis of Global Lights could also be used in its relative valuation, which is a method of valuing Global Lights by comparing valuation metrics with similar companies.

Albertsons Companies MYT Netherlands Parent Asbury Automotive Group Tradeshow Marketing Westrock Coffee Cedar Realty Trust Willamette Valley Vineyards Victorias Secret Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Global Lights Corporate Management

Yizhi Guo	Chief Officer	Profile
William Liu	Chief Officer	Profile
Bin Yang	Chief Officer	Profile
Guomei Han	Chief Officer	Profile

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