IPath Global Correlations

Delisted . USA . 
Etf . IPath Global Carbon
GRNTFDelisted Etf  USD 112.83  0.00  0.00%   
The correlation of IPath Global 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.

IPath Global Correlation With Market

Average diversification

The correlation between IPath Global Carbon and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IPath Global Carbon 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against IPath Pink Sheet

  0.55VTV Vanguard Value IndexPairCorr
  0.55VB Vanguard Small CapPairCorr
  0.55HD Home DepotPairCorr
  0.54VO Vanguard Mid CapPairCorr
  0.54PPA Invesco Aerospace DefensePairCorr
  0.49VTI Vanguard Total StockPairCorr
  0.48SPY SPDR SP 500PairCorr
  0.48IVV iShares Core SPPairCorr
  0.45VWO Vanguard FTSE EmergingPairCorr
  0.43VUG Vanguard Growth IndexPairCorr
  0.43GMET VanEck Vectors ETFPairCorr
  0.41MEME Roundhill InvestmentsPairCorr
  0.39DSJA DSJAPairCorr
  0.36RSPY Tuttle Capital ManagementPairCorr
  0.32WGMI Valkyrie Bitcoin MinersPairCorr
  0.54CAT Caterpillar Fiscal Year End 3rd of February 2025 PairCorr
  0.51CVX Chevron Corp Fiscal Year End 7th of February 2025 PairCorr
  0.48DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.47AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr
  0.47GE GE Aerospace Fiscal Year End 28th of January 2025 PairCorr
  0.45WMT Walmart Aggressive PushPairCorr
  0.41HPQ HP IncPairCorr
  0.39T ATT Inc Aggressive PushPairCorr
  0.37BAC Bank of America Aggressive PushPairCorr

Related Correlations Analysis

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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   
JPM
+ 0.8
CRM
XOM
+ 0.74
META
CRM
+ 0.73
META
CRM
+ 0.7
T
XOM
+ 0.67
CRM
T
+ 0.64
META
  
High negative correlations   
MRK
- 0.92
CRM
MRK
- 0.82
JPM
MRK
- 0.73
T
JPM
- 0.64
A
MRK
- 0.58
META
XOM
- 0.55
MRK

IPath Global Competition Risk-Adjusted Indicators

There is a big difference between IPath Pink Sheet performing well and IPath Global 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 IPath Global'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
META  1.07  0.05  0.02  0.16  1.41 
(1.15)
 2.62 
(3.15)
 8.02 
MSFT  0.89 (0.10) 0.00 (0.05) 0.00 
 0.00 
 2.08 
(2.03)
 8.19 
UBER  1.56 (0.15) 0.00 (0.06) 0.00 
 0.00 
 2.53 
(2.44)
 20.10 
F  1.40 (0.09)(0.02) 0.02  2.20 
(1.37)
 2.53 
(2.90)
 11.72 
T  0.91  0.26  0.16 (47.59) 0.84 
(1.03)
 2.56 
(1.72)
 6.47 
A  1.09 (0.16) 0.00 (0.27) 0.00 
 0.00 
 2.11 
(2.42)
 9.02 
CRM  1.25  0.24  0.20  0.30  0.94 
(1.47)
 3.18 
(1.91)
 9.09 
JPM  1.09  0.03  0.06  0.10  1.43 
(1.11)
 2.05 
(2.00)
 15.87 
MRK  0.83 (0.26) 0.00 (1.64) 0.00 
 0.00 
 1.68 
(2.13)
 4.89 
XOM  1.03  0.04  0.00  0.15  1.22 
(1.09)
 2.14 
(2.09)
 5.78 

IPath Global Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IPath Global pink sheet to make a market-neutral strategy. Peer analysis of IPath Global could also be used in its relative valuation, which is a method of valuing IPath Global by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in IPath Global Carbon?

Investing in delisted pink sheets can be risky, as the pink sheet 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.
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