Generation Essentials Correlations

TGE Stock

USD 1.04 0.01 0.95%

The current 90-days correlation between The Generation Essentials and Eltek is 0.02 (i.e., Significant diversification). The correlation of Generation Essentials 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.

Generation Essentials Correlation With Market

Significant diversification

The correlation between The Generation Essentials and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Generation Essentials and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Generation Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in The Generation Essentials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Generation Stock

0.8	VFSWW	VinFast Auto	Pair Corr
0.65	ARBB	ARB IOT Group	Pair Corr

Moving against Generation Stock

0.85	TRP-PB	TC Energy Corp	Pair Corr
0.78	TRP-PC	TC Energy Corp	Pair Corr
0.78	SHG	Shinhan Financial	Pair Corr
0.6	EPD	Enterprise Products	Pair Corr
0.55	TNCAF	TC Energy	Pair Corr
0.54	KB	KB Financial Group	Pair Corr
0.54	EC	Ecopetrol SA ADR	Pair Corr
0.44	VFS	VinFast Auto	Pair Corr
0.91	BWSN	Babcock Wilcox Enter	Pair Corr
0.87	IRON	Disc Medicine	Pair Corr
0.8	FIGS	Figs Inc	Pair Corr
0.76	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	UAN	CVR Partners LP	Pair Corr
0.73	FIX	Comfort Systems USA	Pair Corr
0.6	RBLAY	Robinsons Land Corp	Pair Corr
0.59	ELP	Companhia Paranaense	Pair Corr
0.5	BP	BP PLC ADR	Pair Corr
0.45	HSBC	HSBC Holdings PLC Normal Trading	Pair Corr
0.86	GGB	Gerdau SA ADR	Pair Corr
0.84	TWLO	Twilio Inc	Pair Corr
0.75	SEE	Sealed Air Sell-off Trend	Pair Corr
0.75	VOD	Vodafone Group PLC	Pair Corr
0.74	ABEV	Ambev SA ADR Buyout Trend	Pair Corr
0.59	CMDB	Costamare Bulkers	Pair Corr

Related Correlations Analysis

	QH	SOGP	GCTS	ELTK	SOTK	ATHR	MIND	ZENV	SAIH
QH		0.82	0.62	0.54	0.45	-0.49	-0.26	0.54	0.58	QH
SOGP	0.82		0.74	0.51	0.44	-0.53	-0.28	0.38	0.51	SOGP
GCTS	0.62	0.74		0.41	0.27	-0.58	-0.26	0.4	0.36	GCTS
ELTK	0.54	0.51	0.41		0.83	-0.26	0.5	0.74	0.23	ELTK
SOTK	0.45	0.44	0.27	0.83		-0.24	0.49	0.64	0.02	SOTK
ATHR	-0.49	-0.53	-0.58	-0.26	-0.24		0.22	-0.36	-0.31	ATHR
MIND	-0.26	-0.28	-0.26	0.5	0.49	0.22		0.32	-0.42	MIND
ZENV	0.54	0.38	0.4	0.74	0.64	-0.36	0.32		0.2	ZENV
SAIH	0.58	0.51	0.36	0.23	0.02	-0.31	-0.42	0.2		SAIH
	QH	SOGP	GCTS	ELTK	SOTK	ATHR	MIND	ZENV	SAIH

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

SOTK	+ 0.83	ELTK
SOGP	+ 0.82	QH
GCTS	+ 0.74	SOGP
ZENV	+ 0.74	ELTK
ZENV	+ 0.64	SOTK
GCTS	+ 0.62	QH

High negative correlations

ATHR	- 0.58	GCTS
ATHR	- 0.53	SOGP
ATHR	- 0.49	QH
SAIH	- 0.42	MIND
ZENV	- 0.36	ATHR
SAIH	- 0.31	ATHR

Risk-Adjusted Indicators

There is a big difference between Generation Stock performing well and Generation Essentials 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 Generation Essentials' 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
QH	10.08	(0.46)	0.00	(0.05)	0.00	0.00	25.50	(15.82)	109.99
SOGP	5.82	(0.49)	0.00	(0.10)	0.00	0.00	11.06	(11.33)	57.87
GCTS	3.03	(0.42)	0.00	(0.24)	0.00	0.00	5.51	(6.37)	23.52
ELTK	1.66	(0.31)	0.00	(0.14)	0.00	0.00	2.43	(4.34)	22.76
SOTK	1.92	(0.04)	0.00	(0.09)	0.00	0.00	3.26	(4.20)	17.77
ATHR	3.02	0.27	0.06	0.56	3.48	(3.42)	6.12	(5.81)	26.43
MIND	4.72	0.13	0.03	0.11	6.26	(4.86)	8.99	(8.52)	37.32
ZENV	2.42	(0.12)	0.00	1.38	0.00	0.00	5.47	(5.67)	16.46
SAIH	5.41	0.73	0.11	7.12	5.64	(7.10)	12.26	(9.34)	51.62

Generation Essentials Corporate Management

Samuel Chau	Chief Officer	Profile
Giampietro Baudo	Chief Officer	Profile
Julia Michalska	Global Newspaper	Profile
Benjamin Sutton	EditorInChief Newspaper	Profile

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