Globalink Investment Correlations

GLLI Stock

USD 11.44 0.02 0.18%

The current 90-days correlation between Globalink Investment and OPY Acquisition I is -0.18 (i.e., Good diversification). The correlation of Globalink Investment 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.

Globalink Investment Correlation With Market

Good diversification

The correlation between Globalink Investment and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globalink Investment 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, which includes a position in Globalink Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more detail on how to invest in Globalink Stock please use our How to Invest in Globalink Investment guide.

Moving together with Globalink Stock

0.72	V	Visa Class A	Pair Corr
0.83	DIST	Distoken Acquisition	Pair Corr
0.73	AB	AllianceBernstein	Pair Corr
0.76	AC	Associated Capital	Pair Corr
0.82	BN	Brookfield Corp	Pair Corr
0.86	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.86	CG	Carlyle Group	Pair Corr
0.73	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.79	LC	LendingClub Corp	Pair Corr
0.81	LX	Lexinfintech Holdings Trending	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.84	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.76	PX	P10 Inc	Pair Corr
0.89	QD	Qudian Inc Upward Rally	Pair Corr
0.89	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.71	TW	Tradeweb Markets	Pair Corr
0.68	WT	WisdomTree	Pair Corr
0.83	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.62	GCMGW	GCM Grosvenor	Pair Corr
0.64	DUET	DUET Acquisition Corp	Pair Corr
0.64	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.77	DYCQ	DT Cloud Acquisition	Pair Corr
0.75	VRTS	Virtus Investment	Pair Corr

Moving against Globalink Stock

0.58	PT	Pintec Technology	Pair Corr
0.82	WU	Western Union	Pair Corr
0.74	RM	Regional Management Corp	Pair Corr
0.73	XP	Xp Inc Sell-off Trend	Pair Corr
0.33	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.31	DMYY	dMY Squared Technology	Pair Corr
0.79	BRKHU	BurTech Acquisition Corp	Pair Corr
0.73	BRACU	Broad Capital Acquisition	Pair Corr
0.57	PFTAU	Portage Fintech Acqu	Pair Corr
0.53	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	OHAA	HAIAU	SCAQU	MSSA	WWACU	PLAOU	XPDBU	PBAX	TGAA
OHAA		-0.14	0.02	-0.29	-0.25	-0.18	-0.19	-0.02	0.01	OHAA
HAIAU	-0.14		0.34	-0.03	0.23	-0.09	0.07	-0.05	0.09	HAIAU
SCAQU	0.02	0.34		-0.58	-0.04	-0.49	-0.38	0.02	-0.14	SCAQU
MSSA	-0.29	-0.03	-0.58		0.2	0.5	0.72	0.19	0.57	MSSA
WWACU	-0.25	0.23	-0.04	0.2		0.06	0.13	0.02	0.01	WWACU
PLAOU	-0.18	-0.09	-0.49	0.5	0.06		0.38	0.11	0.09	PLAOU
XPDBU	-0.19	0.07	-0.38	0.72	0.13	0.38		0.29	0.56	XPDBU
PBAX	-0.02	-0.05	0.02	0.19	0.02	0.11	0.29		0.07	PBAX
TGAA	0.01	0.09	-0.14	0.57	0.01	0.09	0.56	0.07		TGAA
	OHAA	HAIAU	SCAQU	MSSA	WWACU	PLAOU	XPDBU	PBAX	TGAA

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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

XPDBU	+ 0.72	MSSA
TGAA	+ 0.57	MSSA
TGAA	+ 0.56	XPDBU
PLAOU	+ 0.5	MSSA
XPDBU	+ 0.38	PLAOU
SCAQU	+ 0.34	HAIAU

High negative correlations

MSSA	- 0.58	SCAQU
PLAOU	- 0.49	SCAQU
XPDBU	- 0.38	SCAQU
MSSA	- 0.29	OHAA
WWACU	- 0.25	OHAA
XPDBU	- 0.19	OHAA

Risk-Adjusted Indicators

There is a big difference between Globalink Stock performing well and Globalink Investment 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 Globalink Investment'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
OHAA	0.12	(0.02)	0.00	(0.39)	0.00	0.00	0.20	(0.29)	3.67
HAIAU	0.24	(0.01)	0.00	(1.81)	0.00	0.00	0.18	(0.18)	11.95
SCAQU	0.22	(0.02)	0.00	0.64	0.00	0.00	0.00	0.00	7.14
MSSA	0.29	0.05	(0.10)	(0.37)	0.39	(0.69)	0.95	(0.61)	5.75
WWACU	0.78	0.01	(0.03)	0.33	1.56	(1.45)	2.30	(2.53)	15.50
PLAOU	0.15	(0.01)	0.00	0.06	0.00	0.00	0.00	0.00	6.70
XPDBU	0.21	0.03	0.00	(0.31)	0.00	0.00	0.39	0.00	3.81
PBAX	0.29	0.03	(0.13)	(0.14)	0.40	(0.56)	0.92	(1.00)	3.65
TGAA	0.04	0.00	0.00	(0.64)	0.00	0.00	0.09	0.00	0.62

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