GP Solutions Correlations
| GWPD Stock | USD 0.0005 0.1 99.50% |
The current 90-days correlation between GP Solutions and AmeraMex International is 0.27 (i.e., Modest diversification). The correlation of GP Solutions 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GP Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation. Moving together with GWPD Stock
| 0.71 | 600984 | Shaanxi Construction | PairCorr |
| 0.63 | CMI | Cummins | PairCorr |
| 0.66 | 301039 | CIMC Vehicles | PairCorr |
| 0.62 | AMCCF | Amcor plc | PairCorr |
| 0.64 | GPOVF | Grupo Carso SAB | PairCorr |
Moving against GWPD Stock
| 0.77 | 002480 | Chengdu Xinzhu RoadBridge | PairCorr |
| 0.76 | 000880 | Weichai Heavy Machinery | PairCorr |
| 0.73 | 002526 | Shandong Mining Machinery | PairCorr |
| 0.71 | 000920 | Vontron Technology | PairCorr |
| 0.7 | WWT | Water Ways Technologies | PairCorr |
| 0.48 | 300103 | XiAn Dagang Road | PairCorr |
| 0.41 | 300210 | Anshan Senyuan Road | PairCorr |
| 0.35 | 000680 | Shantui Construction | PairCorr |
| 0.59 | UIS | Unisys Buyout Trend | PairCorr |
| 0.5 | ORGN | Origin Materials | PairCorr |
| 0.4 | ASTS | Ast Spacemobile Aggressive Push | 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 GWPD Stock performing well and GP Solutions 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 GP Solutions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMMX | 3.62 | 0.20 | 0.01 | (2.27) | 4.35 | 14.29 | 33.57 | |||
| CAPC | 11.87 | 0.52 | 0.07 | 0.16 | 11.59 | 29.03 | 129.33 | |||
| BLIS | 72.58 | 47.23 | 1.95 | (0.28) | 13.09 | 34.62 | 2,435 | |||
| AWRY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CUBXF | 33.64 | 11.90 | 0.22 | (0.36) | 22.48 | 127.85 | 379.00 | |||
| VVWT | 19.39 | 3.73 | 0.16 | 2.88 | 18.37 | 50.00 | 147.46 | |||
| PRPI | 2.22 | 1.06 | 0.00 | (5.43) | 0.00 | 0.00 | 46.58 | |||
| IWAL | 2.34 | (0.43) | 0.00 | 0.51 | 0.00 | 3.64 | 35.91 | |||
| RJDG | 4.56 | (0.37) | 0.00 | 0.53 | 0.00 | 13.56 | 46.79 | |||
| SAHN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |