Global Techs Correlations

GTLL Stock

USD 0.0001 0.0001 50.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Techs moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Techs moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Global Techs Correlation With Market

Excellent diversification

The correlation between Global Techs and DJI is -0.62 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Techs and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Global Techs could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Techs when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Techs - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Techs to buy it.

Moving together with Global Pink Sheet

0.63

PBCRY

Bank Central Asia

Pair Corr

Moving against Global Pink Sheet

0.67	SLSR	Solaris Resources	Pair Corr
0.66	MEEEF	Metal Energy Corp	Pair Corr
0.62	TOGOF	TomaGold	Pair Corr
0.6	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.58	TSM	Taiwan Semiconductor	Pair Corr
0.58	TATT	Tat Techno	Pair Corr
0.55	TORO	Toro	Pair Corr
0.55	MTGRF	Mount Gibson Iron	Pair Corr
0.54	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.54	BLAGF	Blue Lagoon Resources	Pair Corr
0.53	DUK-PA	Duke Energy	Pair Corr
0.5	WF	Woori Financial Group	Pair Corr
0.45	KB	KB Financial Group	Pair Corr
0.45	BBDO	Banco Bradesco SA	Pair Corr
0.44	SHG	Shinhan Financial	Pair Corr
0.43	LRDC	Laredo Oil	Pair Corr
0.39	MXCHY	Orbia Advance Corp	Pair Corr
0.36	NNBR	NN Inc	Pair Corr
0.66	YLLXF	Yellow Cake plc	Pair Corr
0.65	FRSB	First Resource Bank	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.63	CGECF	Cogeco Inc	Pair Corr
0.63	USPH	US Physicalrapy	Pair Corr
0.62	FRFFF	Fairfax Financial	Pair Corr
0.58	CAMZF	Camino Minerals	Pair Corr
0.58	EXAS	EXACT Sciences	Pair Corr
0.56	INTC	Intel	Pair Corr
0.55	BFS	Saul Centers Earnings Call Next Week	Pair Corr
0.51	UMAC	Unusual Machines Buyout Trend	Pair Corr

Related Correlations Analysis

	MONI	ABLT	SAHN	GOGR	CUBXF	RJDG	EAATF	SNTE	GRDAF	TESI
MONI		-0.07	0.0	0.08	-0.16	-0.21	-0.24	0.0	0.13	0.27	MONI
ABLT	-0.07		0.0	-0.4	-0.23	-0.01	0.03	0.0	-0.32	-0.04	ABLT
SAHN	0.0	0.0		0.0	0.0	0.0	0.0	1.0	0.0	0.0	SAHN
GOGR	0.08	-0.4	0.0		0.26	-0.34	0.22	0.0	-0.15	-0.24	GOGR
CUBXF	-0.16	-0.23	0.0	0.26		0.22	0.31	0.0	-0.17	-0.28	CUBXF
RJDG	-0.21	-0.01	0.0	-0.34	0.22		0.16	0.0	-0.02	-0.21	RJDG
EAATF	-0.24	0.03	0.0	0.22	0.31	0.16		0.0	-0.8	-0.92	EAATF
SNTE	0.0	0.0	1.0	0.0	0.0	0.0	0.0		0.0	0.0	SNTE
GRDAF	0.13	-0.32	0.0	-0.15	-0.17	-0.02	-0.8	0.0		0.77	GRDAF
TESI	0.27	-0.04	0.0	-0.24	-0.28	-0.21	-0.92	0.0	0.77		TESI
	MONI	ABLT	SAHN	GOGR	CUBXF	RJDG	EAATF	SNTE	GRDAF	TESI

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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

SNTE	+ 1.0	SAHN
TESI	+ 0.77	GRDAF
EAATF	+ 0.31	CUBXF
TESI	+ 0.27	MONI
CUBXF	+ 0.26	GOGR
EAATF	+ 0.22	GOGR

High negative correlations

TESI	- 0.92	EAATF
GRDAF	- 0.8	EAATF
GOGR	- 0.4	ABLT
RJDG	- 0.34	GOGR
GRDAF	- 0.32	ABLT
TESI	- 0.28	CUBXF

Risk-Adjusted Indicators

There is a big difference between Global Pink Sheet performing well and Global Techs 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 Techs' 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
MONI	5.95	0.20	0.02	0.25	6.87	(6.79)	13.33	(10.53)	38.57
ABLT	1.35	0.40	0.00	0.22	0.00	0.00	0.00	0.00	40.83
SAHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOGR	15.81	2.36	0.07	0.69	14.76	(67.71)	50.00	(33.33)	200.00
CUBXF	13.21	0.34	0.01	0.14	19.44	(54.97)	59.88	(57.58)	193.29
RJDG	3.15	0.10	0.01	(0.11)	4.30	(5.86)	7.14	(6.67)	34.75
EAATF	3.65	(0.43)	0.00	(0.24)	0.00	0.00	0.00	(16.67)	43.93
SNTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GRDAF	6.26	1.09	0.11	(0.63)	6.68	(8.93)	16.56	(12.50)	66.13
TESI	45.91	23.49	0.00	5.06	0.00	0.00	0.00	0.00	1,471

Be your own money manager

Our tools can tell you how much better you can do entering a position in Global Techs without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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