Generation Essentials Correlations

TGE Stock

USD 1.45 0.02 1.40%

The current 90-days correlation between The Generation Essentials and Eltek is 0.04 (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 0.05 (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 against Generation Stock

0.73	PPERY	Bank Mandiri Persero	Pair Corr
0.69	TRP-PB	TC Energy Corp	Pair Corr
0.66	EPD	Enterprise Products	Pair Corr
0.6	TRP	TC Energy Corp	Pair Corr
0.56	OKE	ONEOK Inc	Pair Corr
0.55	JPSTF	JAPAN POST BANK	Pair Corr
0.53	TRP-PC	TC Energy Corp	Pair Corr
0.51	TNCAF	TC Energy	Pair Corr
0.44	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.42	ENB	Enbridge	Pair Corr
0.76	K	Kellanova	Pair Corr
0.57	AS	Amer Sports	Pair Corr
0.53	FCSUF	Focus Minerals Earnings Call This Week	Pair Corr
0.5	AAIGF	AIA Group	Pair Corr
0.43	JPM	JPMorgan Chase	Pair Corr
0.8	EVER	EverQuote Class A	Pair Corr
0.62	KODK	Eastman Kodak	Pair Corr
0.59	LOBLY	Loblaw Companies	Pair Corr
0.59	KRLTF	Karnalyte Resources	Pair Corr
0.58	ORVMF	Orvana Minerals Corp	Pair Corr
0.53	COMP	Compass	Pair Corr

Related Correlations Analysis

	QH	SOGP	GCTS	ELTK	SOTK	ATHR	MIND	ZENV	SAIH
QH		0.71	0.45	0.52	0.35	-0.11	0.07	0.42	0.27	QH
SOGP	0.71		0.39	0.52	0.37	-0.08	0.21	0.24	0.28	SOGP
GCTS	0.45	0.39		0.56	0.12	0.08	0.17	0.82	-0.14	GCTS
ELTK	0.52	0.52	0.56		0.73	-0.16	0.72	0.7	-0.13	ELTK
SOTK	0.35	0.37	0.12	0.73		-0.22	0.67	0.33	-0.16	SOTK
ATHR	-0.11	-0.08	0.08	-0.16	-0.22		-0.28	-0.06	0.05	ATHR
MIND	0.07	0.21	0.17	0.72	0.67	-0.28		0.42	-0.43	MIND
ZENV	0.42	0.24	0.82	0.7	0.33	-0.06	0.42		-0.35	ZENV
SAIH	0.27	0.28	-0.14	-0.13	-0.16	0.05	-0.43	-0.35		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

ZENV	+ 0.82	GCTS
SOTK	+ 0.73	ELTK
MIND	+ 0.72	ELTK
SOGP	+ 0.71	QH
ZENV	+ 0.7	ELTK
MIND	+ 0.67	SOTK

High negative correlations

SAIH	- 0.43	MIND
SAIH	- 0.35	ZENV
MIND	- 0.28	ATHR
ATHR	- 0.22	SOTK
SAIH	- 0.16	SOTK
ATHR	- 0.16	ELTK

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	8.47	(1.15)	0.00	(0.29)	0.00	0.00	25.50	(14.32)	109.99
SOGP	5.50	0.15	0.05	0.16	5.32	(7.33)	11.06	(10.66)	57.87
GCTS	2.82	(0.58)	0.00	(0.60)	0.00	0.00	5.51	(6.78)	23.52
ELTK	1.73	(0.35)	0.00	(0.13)	0.00	0.00	3.53	(4.34)	21.96
SOTK	1.92	0.02	(0.02)	0.17	2.21	(2.17)	3.50	(4.20)	17.77
ATHR	2.68	(0.03)	0.00	(0.17)	0.00	0.00	6.12	(5.81)	18.55
MIND	4.94	0.04	0.02	0.11	6.66	(4.90)	9.33	(8.64)	37.32
ZENV	2.19	(0.64)	0.00	(2.09)	0.00	0.00	4.67	(6.43)	15.64
SAIH	4.69	(0.11)	(0.01)	0.00	6.14	(5.35)	11.13	(9.48)	51.10

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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