Golden Star Correlations

GODNR Stock

0.32 0.00 0.00%

The current 90-days correlation between Golden Star Acquisition and Visa Class A is -0.04 (i.e., Good diversification). The correlation of Golden 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.

Golden Star Correlation With Market

Good diversification

The correlation between Golden Star Acquisition and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Golden 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 Golden 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 board of governors.

Moving against Golden Stock

0.5	LU	Lufax Holding	Pair Corr
0.4	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.34	DB	Deutsche Bank AG	Pair Corr
0.32	GCMGW	GCM Grosvenor	Pair Corr
0.59	LGHLW	Lion Financial Group	Pair Corr
0.35	WINV	WinVest Acquisition Corp	Pair Corr
0.32	ANSCU	Agriculture Natural	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.78	0.88	0.57	0.55	0.74	0.87	0.68	-0.15	0.48	V
DHIL	0.78		0.75	0.43	0.47	0.75	0.76	0.59	-0.02	0.54	DHIL
DIST	0.88	0.75		0.56	0.61	0.84	0.87	0.75	0.01	0.38	DIST
AB	0.57	0.43	0.56		0.9	0.77	0.79	0.89	0.45	0.33	AB
AC	0.55	0.47	0.61	0.9		0.83	0.78	0.92	0.54	0.23	AC
BN	0.74	0.75	0.84	0.77	0.83		0.92	0.93	0.36	0.44	BN
BX	0.87	0.76	0.87	0.79	0.78	0.92		0.9	0.15	0.52	BX
CG	0.68	0.59	0.75	0.89	0.92	0.93	0.9		0.46	0.3	CG
DB	-0.15	-0.02	0.01	0.45	0.54	0.36	0.15	0.46		-0.12	DB
DX	0.48	0.54	0.38	0.33	0.23	0.44	0.52	0.3	-0.12		DX
	V	DHIL	DIST	AB	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
AC	+ 0.9	AB
CG	+ 0.9	BX
CG	+ 0.89	AB

High negative correlations

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

Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden 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 Golden 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
AB	1.05	0.02	(0.01)	0.16	1.08	(1.20)	2.46	(2.22)	7.82
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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