Global Partner Correlations
The current 90-days correlation between Global Partner Acqui and Global Partner Acquisition is -0.03 (i.e., Good diversification). The correlation of Global Partner 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 Partner Correlation With Market
Average diversification
The correlation between Global Partner Acquisition and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Partner Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Stock
| 0.64 | HD | Home Depot | PairCorr |
| 0.79 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.71 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.77 | DIS | Walt Disney | PairCorr |
| 0.66 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.78 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.64 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
Moving against Global Stock
| 0.76 | SGD | Safe and Green | PairCorr |
| 0.76 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.75 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.72 | QLGN | Qualigen Therapeutics Trending | PairCorr |
| 0.59 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.54 | MULN | Mullen Automotive | PairCorr |
| 0.36 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.56 | 0.03 | -0.15 | -0.08 | GPAC | ||
| 0.56 | 0.2 | -0.18 | -0.27 | GPACU | ||
| 0.03 | 0.2 | -0.29 | -0.33 | TMKRW | ||
| -0.15 | -0.18 | -0.29 | 0.21 | CFIVW | ||
| -0.08 | -0.27 | -0.33 | 0.21 | COOLW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Partner 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 Partner'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GPAC | 3.46 | (1.31) | 0.00 | 0.68 | 0.00 | 1.84 | 102.41 | |||
| GPACU | 0.55 | (0.14) | 0.00 | 0.56 | 0.00 | 0.46 | 8.02 | |||
| TMKRW | 18.30 | 1.71 | 0.07 | 3.12 | 19.39 | 37.57 | 125.32 | |||
| CFIVW | 22.99 | 7.81 | 0.39 | 0.63 | 14.68 | 26.98 | 662.50 | |||
| COOLW | 11.22 | 2.40 | 0.13 | (1.59) | 11.12 | 33.33 | 121.26 |
Delisting Warning - GPACW
Global Partner Acqui was delisted
| The entity Global Partner Acquisition with a symbol GPACW was delisted from NASDAQ Exchange. Please try Stardust Power with a symbol SDSTW from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Global Partner Acquisition?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.