GlobalData Plc Correlations

GLDAF Stock

1.60 0.45 39.13%

The current 90-days correlation between GlobalData Plc and Australian Agricultural is -0.15 (i.e., Good diversification). The correlation of GlobalData Plc 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.

GlobalData Plc Correlation With Market

Modest diversification

The correlation between GlobalData Plc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GlobalData Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with GlobalData Pink Sheet

0.75	EXPGF	Experian PLC Earnings Call This Week	Pair Corr
0.7	EXPGY	Experian plc PK Earnings Call This Week	Pair Corr
0.83	JAKK	JAKKS Pacific	Pair Corr

Moving against GlobalData Pink Sheet

0.71	PPERY	Bank Mandiri Persero	Pair Corr
0.6	TLK	Telkom Indonesia Tbk	Pair Corr
0.51	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.36	BYCRF	BayCurrent Consulting	Pair Corr
0.59	DQ	Daqo New Energy	Pair Corr
0.51	LOCO	El Pollo Loco	Pair Corr
0.45	JOE	St Joe Company	Pair Corr
0.33	SANM	Sanmina Tech Boost	Pair Corr
0.64	FSK	FS KKR Capital	Pair Corr
0.52	WSFS	WSFS Financial Earnings Call Next Week	Pair Corr
0.51	JSPCF	JSP Corporation	Pair Corr
0.51	PNGZF	Paringa Resources	Pair Corr
0.45	WEICF	Weichai Power	Pair Corr
0.43	85855CAE0	STLA 6375 12	Pair Corr

Related Correlations Analysis

	FFRMF	CICHF	ASAGF	ALBHF	SOSO	NOA	DIFTY	TITN
FFRMF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FFRMF
CICHF	0.0		-0.36	0.1	0.0	-0.1	-0.38	0.3	CICHF
ASAGF	0.0	-0.36		-0.58	0.0	-0.15	0.16	-0.15	ASAGF
ALBHF	0.0	0.1	-0.58		0.0	0.43	0.19	0.17	ALBHF
SOSO	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SOSO
NOA	0.0	-0.1	-0.15	0.43	0.0		0.55	0.04	NOA
DIFTY	0.0	-0.38	0.16	0.19	0.0	0.55		-0.25	DIFTY
TITN	0.0	0.3	-0.15	0.17	0.0	0.04	-0.25		TITN
	FFRMF	CICHF	ASAGF	ALBHF	SOSO	NOA	DIFTY	TITN

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

DIFTY	+ 0.55	NOA
NOA	+ 0.43	ALBHF
TITN	+ 0.3	CICHF
DIFTY	+ 0.19	ALBHF
TITN	+ 0.17	ALBHF
DIFTY	+ 0.16	ASAGF

High negative correlations

ALBHF	- 0.58	ASAGF
DIFTY	- 0.38	CICHF
ASAGF	- 0.36	CICHF
TITN	- 0.25	DIFTY
TITN	- 0.15	ASAGF
NOA	- 0.15	ASAGF

Risk-Adjusted Indicators

There is a big difference between GlobalData Pink Sheet performing well and GlobalData Plc 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 GlobalData Plc'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
FFRMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CICHF	2.43	(0.02)	0.00	0.07	2.97	(2.97)	5.21	(5.88)	19.50
ASAGF	1.37	0.01	0.00	0.07	0.00	0.00	4.30	(4.17)	14.87
ALBHF	1.38	0.03	0.00	0.16	2.25	(4.43)	5.19	(3.70)	17.68
SOSO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOA	1.77	0.12	0.01	(1.26)	2.70	(1.81)	3.61	(4.12)	11.65
DIFTY	1.13	(0.01)	0.00	0.13	0.00	0.00	2.20	(2.60)	7.98
TITN	2.02	(0.10)	0.01	0.05	2.35	(2.35)	4.51	(4.05)	27.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in GlobalData Plc 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.

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