Global Partners Correlations

GLPPRB Stock

26.09 0.05 0.19%

The current 90-days correlation between Global Partners LP and Acm Research is 0.29 (i.e., Modest diversification). The correlation of Global Partners 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.

Global Partners Correlation With Market

Modest diversification

The correlation between Global Partners LP and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Partners LP 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 Global Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Global Stock

0.64	LGCY	Legacy Education	Pair Corr
0.68	NVDA	NVIDIA	Pair Corr
0.8	AMZN	Amazon Inc	Pair Corr
0.7	GOOG	Alphabet Class C	Pair Corr
0.9	BMYMP	Bristol Myers Squibb	Pair Corr
0.7	GLABF	Gemina Laboratories Earnings Call This Week	Pair Corr
0.83	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.85	SE	Sea	Pair Corr
0.79	ESGLW	ESGL Holdings Limited	Pair Corr
0.88	ROIC	Retail Opportunity	Pair Corr
0.89	YPF	YPF Sociedad Anonima	Pair Corr
0.86	AS	Amer Sports,	Pair Corr
0.91	HUT	Hut 8 Corp	Pair Corr
0.88	CIFR	Cipher Mining Sell-off Trend	Pair Corr
0.92	PWOD	Penns Woods Bancorp	Pair Corr
0.87	TGTX	TG Therapeutics	Pair Corr
0.89	ZION	Zions Bancorporation Fiscal Year End 27th of January 2025	Pair Corr
0.84	BSGM	BioSig Technologies,	Pair Corr
0.78	YELP	Yelp Inc	Pair Corr
0.85	DMRC	Digimarc	Pair Corr
0.88	BSIG	Brightsphere Investment	Pair Corr
0.89	FNMFO	Federal National Mortgage	Pair Corr
0.81	SAIA	Saia Inc	Pair Corr
0.84	EVGR	Evergreen Corp	Pair Corr

Moving against Global Stock

0.65	NSFDF	NXT Energy Solutions	Pair Corr
0.58	ZTLLF	Zonetail	Pair Corr
0.38	WDLF	Social Life Network	Pair Corr
0.78	MEDS	Trxade Group Symbol Change	Pair Corr
0.53	CREVW	Carbon Revolution Public	Pair Corr
0.46	251566AA3	DT 3625 21	Pair Corr
0.31	HSDT	Helius Medical Techn	Pair Corr

Related Correlations Analysis

	ACMR	RBTI	NUVL	ATO	VALN	ADI	NRG	MTX
ACMR		0.0	0.52	-0.19	0.74	0.61	-0.34	-0.23	ACMR
RBTI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	RBTI
NUVL	0.52	0.0		-0.23	0.58	0.67	-0.22	-0.31	NUVL
ATO	-0.19	0.0	-0.23		-0.59	-0.47	0.61	0.83	ATO
VALN	0.74	0.0	0.58	-0.59		0.77	-0.7	-0.61	VALN
ADI	0.61	0.0	0.67	-0.47	0.77		-0.47	-0.44	ADI
NRG	-0.34	0.0	-0.22	0.61	-0.7	-0.47		0.66	NRG
MTX	-0.23	0.0	-0.31	0.83	-0.61	-0.44	0.66		MTX
	ACMR	RBTI	NUVL	ATO	VALN	ADI	NRG	MTX

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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

MTX	+ 0.83	ATO
ADI	+ 0.77	VALN
VALN	+ 0.74	ACMR
ADI	+ 0.67	NUVL
MTX	+ 0.66	NRG
ADI	+ 0.61	ACMR

High negative correlations

NRG	- 0.7	VALN
MTX	- 0.61	VALN
VALN	- 0.59	ATO
NRG	- 0.47	ADI
ADI	- 0.47	ATO
MTX	- 0.44	ADI

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Partners 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 Partners' 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
ACMR	3.06	(0.17)	0.00	(0.12)	0.00	0.00	7.59	(7.58)	31.52
RBTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUVL	1.64	(0.32)	0.00	(0.20)	0.00	0.00	2.66	(5.28)	13.19
ATO	0.70	0.03	0.02	0.07	1.02	(0.67)	1.44	(1.56)	5.58
VALN	2.52	(0.57)	0.00	4.57	0.00	0.00	4.11	(6.16)	11.78
ADI	1.31	(0.16)	0.00	(0.14)	0.00	0.00	2.33	(2.94)	7.03
NRG	1.81	0.17	0.07	0.42	2.14	(1.99)	3.63	(3.63)	13.33
MTX	1.29	0.01	0.02	0.03	1.50	(1.38)	2.46	(2.51)	13.23

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