Globalstar Common Correlations
| GSAT Stock | USD 67.30 3.22 5.02% |
The current 90-days correlation between Globalstar Common Stock and Turkcell Iletisim Hizmetleri is 0.04 (i.e., Significant diversification). The correlation of Globalstar Common 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.
Globalstar Common Correlation With Market
Very weak diversification
The correlation between Globalstar Common Stock and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globalstar Common Stock and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Globalstar Stock
| 0.7 | KB | KB Financial Group | PairCorr |
| 0.62 | EC | Ecopetrol SA ADR | PairCorr |
| 0.79 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.62 | WF | Woori Financial Group | PairCorr |
| 0.62 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.74 | FTV | Fortive Corp | PairCorr |
| 0.74 | DD | Dupont De Nemours | PairCorr |
| 0.75 | PFE | Pfizer Inc | PairCorr |
| 0.69 | MRK | Merck Company | PairCorr |
| 0.73 | TRV | The Travelers Companies | PairCorr |
| 0.68 | CSCO | Cisco Systems | PairCorr |
Moving against Globalstar Stock
| 0.7 | CCOI | Cogent Communications | PairCorr |
| 0.63 | CHT | Chunghwa Telecom | PairCorr |
| 0.62 | HPQ | HP Inc | PairCorr |
| 0.57 | VFSWW | VinFast Auto | PairCorr |
| 0.31 | T | ATT Inc | PairCorr |
| 0.61 | PG | Procter Gamble | PairCorr |
| 0.59 | HD | Home Depot | PairCorr |
Related Correlations Analysis
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 Globalstar Stock performing well and Globalstar Common 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 Globalstar Common'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TKC | 1.20 | (0.05) | 0.00 | (0.79) | 0.00 | 2.59 | 7.82 | |||
| AD | 1.09 | 0.05 | 0.01 | 0.15 | 1.56 | 1.97 | 5.46 | |||
| TDS | 1.07 | (0.03) | (0.02) | 0.06 | 1.42 | 1.99 | 6.75 | |||
| PHI | 0.90 | 0.20 | 0.11 | (5.32) | 0.79 | 2.18 | 7.29 | |||
| LUMN | 3.92 | 0.38 | 0.09 | 0.31 | 4.43 | 10.25 | 27.52 | |||
| MSGS | 1.11 | 0.07 | 0.02 | 0.18 | 1.65 | 2.64 | 6.41 | |||
| LBTYK | 1.33 | (0.15) | 0.00 | (0.06) | 0.00 | 3.01 | 7.30 |
Globalstar Common Corporate Management
| David Kagan | Chief Officer | Profile | |
| James II | Vice Administration | Profile | |
| Barbee IV | General Affairs | Profile | |
| Peter Black | Chief Scientist | Profile | |
| Mersad Cavcic | Chief Officer | Profile | |
| Denise Davila | Co Mang | Profile |