Global Star Correlations

GLST Stock

11.83 0.33 2.87%

The current 90-days correlation between Global Star Acquisition, and Distoken Acquisition is -0.09 (i.e., Good diversification). The correlation of Global Star 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 Star Correlation With Market

Modest diversification

The correlation between Global Star Acquisition, and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Star 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, which includes a position in Global Star Acquisition,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Global Stock

0.74	MA	Mastercard	Pair Corr
0.74	DYCQ	DT Cloud Acquisition	Pair Corr
0.75	ESHA	ESH Acquisition Corp	Pair Corr
0.78	EVGR	Evergreen Corp	Pair Corr
0.75	ANSCW	Agriculture Natural	Pair Corr
0.7	WAVSU	Western Acquisition	Pair Corr

Moving against Global Stock

0.61	RC	Ready Capital Corp	Pair Corr
0.61	BRACU	Broad Capital Acquisition	Pair Corr
0.39	TETEW	Technology Telecommunicatio	Pair Corr
0.37	PFTAU	Portage Fintech Acqu	Pair Corr
0.34	EARN	Ellington Residential	Pair Corr
0.59	BRKHU	BurTech Acquisition Corp	Pair Corr
0.46	DISTW	Distoken Acquisition	Pair Corr
0.43	BRKHW	BurTech Acquisition Corp	Pair Corr
0.69	EFC	Ellington Financial	Pair Corr
0.65	TWO	Two Harbors Investments	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AC	BN	BX	CG	DB	DX
V		0.78	0.88	0.55	0.74	0.87	0.68	-0.15	0.48	V
DHIL	0.78		0.75	0.47	0.75	0.76	0.59	-0.02	0.54	DHIL
DIST	0.88	0.75		0.61	0.84	0.87	0.75	0.01	0.38	DIST
AC	0.55	0.47	0.61		0.83	0.78	0.92	0.54	0.23	AC
BN	0.74	0.75	0.84	0.83		0.92	0.93	0.36	0.44	BN
BX	0.87	0.76	0.87	0.78	0.92		0.9	0.15	0.52	BX
CG	0.68	0.59	0.75	0.92	0.93	0.9		0.46	0.3	CG
DB	-0.15	-0.02	0.01	0.54	0.36	0.15	0.46		-0.12	DB
DX	0.48	0.54	0.38	0.23	0.44	0.52	0.3	-0.12		DX
	V	DHIL	DIST	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.93	BN
CG	+ 0.92	AC
BX	+ 0.92	BN
CG	+ 0.9	BX
DIST	+ 0.88	V
BX	+ 0.87	V

High negative correlations

DB	- 0.15	V
DX	- 0.12	DB
DB	- 0.02	DHIL

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Star 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 Star'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
V	0.83	0.14	0.09	0.31	1.05	(0.95)	2.23	(1.30)	7.73
DHIL	1.23	(0.12)	(0.05)	0.05	1.19	(1.58)	2.22	(2.05)	9.06
DIST	0.18	0.07	(0.13)	(1.64)	0.00	(0.37)	0.37	(0.18)	2.25
AC	1.19	0.13	0.05	0.29	1.65	(1.26)	3.02	(2.64)	12.11
BN	1.23	0.15	0.14	0.23	1.17	(1.42)	2.45	(1.92)	6.44
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
DB	1.37	(0.02)	(0.03)	0.10	1.73	(1.45)	3.08	(2.93)	8.64
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37

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