Great Wall Correlations
| GWLLF Stock | USD 1.67 0.03 1.76% |
The current 90-days correlation between Great Wall Motor and Geely Automobile Holdings is 0.28 (i.e., Modest diversification). The correlation of Great Wall 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.
Great Wall Correlation With Market
Average diversification
The correlation between Great Wall Motor and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Wall Motor and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Great Wall could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Great Wall 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 Great Wall - 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 Great Wall Motor to buy it.
Moving together with Great Pink Sheet
| 0.9 | BYDDY | BYD Co | PairCorr |
| 0.9 | BYDDF | BYD Limited | PairCorr |
| 0.87 | TKURF | Tokyu REIT | PairCorr |
| 0.66 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.62 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.77 | APLD | Applied Blockchain Trending | PairCorr |
Moving against Great Pink Sheet
| 0.77 | KSPI | Joint Stock | PairCorr |
| 0.52 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.51 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.47 | TM | Toyota Motor | PairCorr |
| 0.44 | TOYOF | Toyota Motor Corp | PairCorr |
| 0.43 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.39 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.38 | VLKAF | Volkswagen AG | PairCorr |
| 0.36 | SKM | SK Telecom | PairCorr |
| 0.33 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.61 | AMIX | Autonomix Medical, Common Trending | PairCorr |
| 0.56 | EATBF | Eat Beyond Global | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Great Pink Sheet performing well and Great Wall 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 Great Wall'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MMTOF | 1.59 | 0.39 | 0.03 | (0.21) | 2.31 | 5.26 | 27.11 | |||
| GELYY | 3.00 | 0.87 | 0.19 | 22.44 | 3.42 | 7.47 | 25.00 | |||
| HYMTF | 1.84 | (0.18) | 0.00 | (1.31) | 0.00 | 2.97 | 13.71 | |||
| VWAGY | 1.46 | (0.33) | 0.00 | 0.80 | 0.00 | 2.70 | 8.96 | |||
| FFIEW | 10.33 | (0.09) | 0.00 | 0.19 | 0.00 | 25.87 | 70.69 | |||
| NSANY | 1.44 | 0.26 | 0.08 | (0.86) | 1.44 | 3.02 | 11.05 | |||
| FUJHY | 1.60 | (0.24) | 0.00 | (2.89) | 0.00 | 2.53 | 11.97 | |||
| MBGYY | 1.36 | (0.27) | 0.00 | 0.84 | 0.00 | 2.08 | 12.33 | |||
| PSNYW | 6.44 | 1.53 | 0.08 | (0.17) | 7.29 | 7.69 | 138.18 | |||
| DWLAF | 1.33 | (0.25) | 0.00 | 0.65 | 0.00 | 3.66 | 17.79 |
Be your own money manager
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