Alta Global Correlations

MMA Stock

1.81 0.23 11.27%

The current 90-days correlation between Alta Global Group and Prenetics Global is 0.09 (i.e., Significant diversification). The correlation of Alta 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.

Alta Global Correlation With Market

Good diversification

The correlation between Alta Global Group and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alta Global Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alta Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Alta Stock

0.66	RC	Ready Capital Corp	Pair Corr
0.65	XP	Xp Inc	Pair Corr
0.85	BRACU	Broad Capital Acquisition	Pair Corr

Moving against Alta Stock

0.89	TW	Tradeweb Markets Normal Trading	Pair Corr
0.83	DB	Deutsche Bank AG	Pair Corr
0.8	LX	Lexinfintech Holdings	Pair Corr
0.79	BN	Brookfield Corp	Pair Corr
0.78	AC	Associated Capital	Pair Corr
0.76	CG	Carlyle Group	Pair Corr
0.74	PX	P10 Inc	Pair Corr
0.69	WD	Walker Dunlop	Pair Corr
0.68	LU	Lufax Holding	Pair Corr
0.68	MA	Mastercard	Pair Corr
0.68	QD	Qudian Inc	Pair Corr
0.66	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.6	BX	Blackstone Group Normal Trading	Pair Corr
0.59	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.58	AB	AllianceBernstein	Pair Corr
0.54	DIST	Distoken Acquisition	Pair Corr
0.46	MC	Moelis Potential Growth	Pair Corr
0.46	WT	WisdomTree	Pair Corr
0.45	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.42	LC	LendingClub Corp	Pair Corr
0.33	DHIL	Diamond Hill Investment	Pair Corr
0.72	LGHLW	Lion Financial Group	Pair Corr
0.65	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.6	DYCQ	DT Cloud Acquisition	Pair Corr
0.52	GCMGW	GCM Grosvenor	Pair Corr
0.48	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.46	VIRT	Virtu Financial Normal Trading	Pair Corr
0.43	VRTS	Virtus Investment	Pair Corr

Related Correlations Analysis

	STRRP	NEO	PRE	ISPC	PMAX	PRPH	TRIB	CHEK	SAIHW
STRRP		0.37	0.1	0.24	0.05	0.43	0.23	0.67	-0.55	STRRP
NEO	0.37		0.12	0.34	0.14	-0.13	0.19	0.35	-0.03	NEO
PRE	0.1	0.12		0.31	-0.4	0.12	0.57	0.23	0.13	PRE
ISPC	0.24	0.34	0.31		0.09	0.35	0.29	0.5	-0.2	ISPC
PMAX	0.05	0.14	-0.4	0.09		0.32	-0.42	0.21	-0.29	PMAX
PRPH	0.43	-0.13	0.12	0.35	0.32		0.28	0.82	-0.75	PRPH
TRIB	0.23	0.19	0.57	0.29	-0.42	0.28		0.4	-0.09	TRIB
CHEK	0.67	0.35	0.23	0.5	0.21	0.82	0.4		-0.73	CHEK
SAIHW	-0.55	-0.03	0.13	-0.2	-0.29	-0.75	-0.09	-0.73		SAIHW
	STRRP	NEO	PRE	ISPC	PMAX	PRPH	TRIB	CHEK	SAIHW

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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

CHEK	+ 0.82	PRPH
CHEK	+ 0.67	STRRP
TRIB	+ 0.57	PRE
CHEK	+ 0.5	ISPC
PRPH	+ 0.43	STRRP
CHEK	+ 0.4	TRIB

High negative correlations

SAIHW	- 0.75	PRPH
SAIHW	- 0.73	CHEK
SAIHW	- 0.55	STRRP
TRIB	- 0.42	PMAX
PMAX	- 0.4	PRE
SAIHW	- 0.29	PMAX

Risk-Adjusted Indicators

There is a big difference between Alta Stock performing well and Alta 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 Alta 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
STRRP	1.03	(0.06)	0.00	(0.59)	0.00	0.00	2.13	(2.36)	14.03
NEO	1.86	(0.18)	0.00	(0.08)	0.00	0.00	3.84	(4.75)	10.79
PRE	4.28	(0.10)	0.00	0.16	0.00	0.00	9.93	(8.62)	28.16
ISPC	5.76	(0.06)	0.00	0.13	0.00	0.00	15.80	(11.05)	64.03
PMAX	4.42	(0.23)	0.00	0.36	0.00	0.00	10.95	(10.83)	30.67
PRPH	4.63	(1.51)	0.00	2.71	0.00	0.00	8.07	(7.56)	57.54
TRIB	4.93	(0.70)	0.00	(2.19)	0.00	0.00	13.99	(10.31)	37.82
CHEK	3.40	(1.28)	0.00	(1.57)	0.00	0.00	6.04	(10.76)	23.69
SAIHW	17.70	4.56	0.19	(5.57)	15.20	(27.89)	45.45	(35.46)	219.15

Alta Global Corporate Executives

Elected by the shareholders, the Alta Global's board of directors comprises two types of representatives: Alta Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alta. The board's role is to monitor Alta Global's management team and ensure that shareholders' interests are well served. Alta Global's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alta Global's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Fleet

Cofounder CTO

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