Global Partners Correlations

GLPPRB Stock

25.38 0.01 0.04%

The current 90-days correlation between Global Partners LP and AI Technology Group is -0.26 (i.e., Very good 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

Very good diversification

The correlation between Global Partners LP and DJI is -0.24 (i.e., Very good 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.

Build AI portfolio with Global Stock

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 employment.

Moving together with Global Stock

0.65	MSFT	Microsoft	Pair Corr
0.86	AMZN	Amazon Inc Aggressive Push	Pair Corr

Moving against Global Stock

0.56	BMYMP	Bristol Myers Squibb	Pair Corr
0.52	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.44	TSM	Taiwan Semiconductor	Pair Corr
0.36	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.35	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.71	MEGI	MainStay CBRE Global	Pair Corr
0.68	AES	AES Earnings Call This Week	Pair Corr
0.68	NNRHF	Neinor Homes SA Earnings Call This Week	Pair Corr
0.67	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.64	MXCHY	Orbia Advance Corp	Pair Corr
0.63	JLHL	Julong Holding	Pair Corr
0.54	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.52	GRBK	Green Brick Partners Earnings Call This Week	Pair Corr
0.46	CGECF	Cogeco Inc	Pair Corr
0.44	MEEEF	Metal Energy Corp	Pair Corr
0.39	FRSB	First Resource Bank	Pair Corr
0.31	MTGRF	Mount Gibson Iron	Pair Corr
0.82	OPESF	Otello ASA	Pair Corr
0.81	PLSE	Pulse Biosciences	Pair Corr
0.67	WELL	Welltower	Pair Corr
0.65	482480AN0	KLAC 525 15	Pair Corr
0.48	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.46	NNBR	NN Inc	Pair Corr

Related Correlations Analysis

	KGDEF	JUMT	UPLD	SOLS	TCCO	ATGN	AIPG
KGDEF		0.0	0.89	-0.81	0.0	0.54	0.47	KGDEF
JUMT	0.0		0.0	0.0	1.0	0.0	0.0	JUMT
UPLD	0.89	0.0		-0.9	0.0	0.7	0.57	UPLD
SOLS	-0.81	0.0	-0.9		0.0	-0.69	-0.45	SOLS
TCCO	0.0	1.0	0.0	0.0		0.0	0.0	TCCO
ATGN	0.54	0.0	0.7	-0.69	0.0		0.57	ATGN
AIPG	0.47	0.0	0.57	-0.45	0.0	0.57		AIPG
	KGDEF	JUMT	UPLD	SOLS	TCCO	ATGN	AIPG

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

TCCO	+ 1.0	JUMT
UPLD	+ 0.89	KGDEF
ATGN	+ 0.7	UPLD
AIPG	+ 0.57	UPLD
AIPG	+ 0.57	ATGN
ATGN	+ 0.54	KGDEF

High negative correlations

SOLS	- 0.9	UPLD
SOLS	- 0.81	KGDEF
ATGN	- 0.69	SOLS
AIPG	- 0.45	SOLS
AIPG	- 0.0	TCCO
ATGN	- 0.0	TCCO

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
KGDEF	0.99	(0.60)	0.00	(0.55)	0.00	0.00	0.00	0.00	20.22
JUMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UPLD	2.40	(0.96)	0.00	(0.44)	0.00	0.00	4.44	(6.13)	16.25
SOLS	2.25	0.92	0.44	1.55	1.40	(2.73)	5.15	(2.86)	21.26
TCCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATGN	2.56	(0.29)	0.00	0.44	0.00	0.00	5.00	(5.77)	34.04
AIPG	0.01	(0.02)	0.00	(1.56)	0.00	0.00	0.00	0.00	0.40

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