Bukit Jalil Correlations
| BUJARDelisted Stock | 0.35 0.03 9.37% |
The current 90-days correlation between Bukit Jalil Global and GMO Internet is 0.15 (i.e., Average diversification). The correlation of Bukit Jalil 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Bukit Jalil Correlation With Market
Significant diversification
The correlation between Bukit Jalil Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bukit Jalil Global and DJI in the same portfolio, assuming nothing else is changed.
Bukit |
Moving together with Bukit Stock
| 0.7 | AZ | A2Z Smart Technologies | PairCorr |
| 0.71 | VCSA | Vacasa Inc | PairCorr |
| 0.76 | VERX | Vertex | PairCorr |
| 0.76 | DUOL | Duolingo | PairCorr |
| 0.62 | DUOT | Duos Technologies | PairCorr |
| 0.76 | VTEX | VTEX | PairCorr |
| 0.65 | BSY | Bentley Systems | PairCorr |
Moving against Bukit Stock
| 0.8 | WK | Workiva | PairCorr |
| 0.76 | QH | Quhuo | PairCorr |
| 0.69 | PD | Pagerduty | PairCorr |
| 0.46 | DMRC | Digimarc Earnings Call This Week | PairCorr |
| 0.39 | VS | Versus Systems | PairCorr |
| 0.37 | DV | DoubleVerify Holdings | PairCorr |
| 0.82 | VMEO | Vimeo Inc Potential Growth | PairCorr |
| 0.82 | EXFY | Expensify | PairCorr |
| 0.81 | EGHT | 8x8 Common Stock | PairCorr |
| 0.72 | ILLRW | Triller Group Symbol Change | PairCorr |
| 0.54 | ESTC | Elastic NV | PairCorr |
| 0.39 | ELWS | Earlyworks Co, | PairCorr |
| 0.77 | FMTO | Femto Technologies Symbol Change | PairCorr |
| 0.75 | API | Agora Inc Downward Rally | PairCorr |
| 0.45 | FRGT | Freight Technologies | PairCorr |
| 0.42 | CXM | Sprinklr Earnings Call This Week | PairCorr |
| 0.34 | FRSH | Freshworks | PairCorr |
| 0.31 | CYN | Cyngn Inc Tech Boost | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Bukit Stock performing well and Bukit Jalil 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 Bukit Jalil'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GMOYF | 0.75 | 0.43 | 0.00 | 64.79 | 0.00 | 2.04 | 9.11 | |||
| ZDGE | 2.87 | (0.04) | 0.00 | (0.07) | 0.00 | 7.73 | 16.11 | |||
| DOOO | 2.72 | 0.24 | 0.07 | 0.17 | 3.27 | 7.57 | 19.19 | |||
| SPHR | 3.33 | 0.01 | 0.00 | (0.03) | 0.00 | 6.04 | 26.82 | |||
| JDDSF | 0.40 | (0.05) | 0.00 | (2.61) | 0.00 | 0.00 | 19.78 | |||
| FIGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCE | 1.32 | (0.06) | 0.00 | 0.49 | 0.00 | 2.25 | 9.33 | |||
| PLAY | 3.41 | 0.09 | 0.02 | 0.05 | 4.32 | 9.15 | 17.96 |
Bukit Jalil Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bukit Jalil stock to make a market-neutral strategy. Peer analysis of Bukit Jalil could also be used in its relative valuation, which is a method of valuing Bukit Jalil by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Bukit Jalil Global?
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