Gaia Correlations

GAIA Stock

USD 5.32 0.53 11.06%

The current 90-days correlation between Gaia Inc and Reading International is 0.27 (i.e., Modest diversification). The correlation of Gaia 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.

Gaia Correlation With Market

Good diversification

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

Build AI portfolio with Gaia Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gaia Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Gaia Stock

0.74	NWS	News Corp B	Pair Corr
0.68	FWONA	Liberty Media	Pair Corr
0.69	NWSA	News Corp A	Pair Corr
0.69	RDIB	Reading International	Pair Corr
0.74	KT	KT Corporation	Pair Corr

Moving against Gaia Stock

0.44	WIMI	WiMi Hologram Cloud	Pair Corr
0.55	GCLWW	GCL Global Holdings	Pair Corr

Related Correlations Analysis

	NWSA	MCS	FWONA	WMG	FOX	RDI	RSVR	NWS	RDIB	LDSN
NWSA		0.64	0.86	0.04	0.68	0.72	0.65	0.83	0.32	-0.29	NWSA
MCS	0.64		0.58	0.18	0.65	0.69	0.72	0.48	-0.01	-0.25	MCS
FWONA	0.86	0.58		-0.21	0.68	0.66	0.51	0.87	0.46	-0.3	FWONA
WMG	0.04	0.18	-0.21		0.26	0.2	0.43	-0.27	-0.61	-0.09	WMG
FOX	0.68	0.65	0.68	0.26		0.71	0.73	0.5	-0.23	-0.1	FOX
RDI	0.72	0.69	0.66	0.2	0.71		0.7	0.52	0.1	-0.19	RDI
RSVR	0.65	0.72	0.51	0.43	0.73	0.7		0.41	-0.17	-0.12	RSVR
NWS	0.83	0.48	0.87	-0.27	0.5	0.52	0.41		0.57	-0.31	NWS
RDIB	0.32	-0.01	0.46	-0.61	-0.23	0.1	-0.17	0.57		-0.39	RDIB
LDSN	-0.29	-0.25	-0.3	-0.09	-0.1	-0.19	-0.12	-0.31	-0.39		LDSN
	NWSA	MCS	FWONA	WMG	FOX	RDI	RSVR	NWS	RDIB	LDSN

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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

NWS	+ 0.87	FWONA
FWONA	+ 0.86	NWSA
NWS	+ 0.83	NWSA
RSVR	+ 0.73	FOX
RDI	+ 0.72	NWSA
RSVR	+ 0.72	MCS

High negative correlations

RDIB	- 0.61	WMG
LDSN	- 0.39	RDIB
LDSN	- 0.31	NWS
LDSN	- 0.3	FWONA
LDSN	- 0.29	NWSA
NWS	- 0.27	WMG

Risk-Adjusted Indicators

There is a big difference between Gaia Stock performing well and Gaia 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 Gaia'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
NWSA	1.23	0.01	0.03	(0.64)	1.75	(1.22)	2.37	(2.25)	11.91
MCS	1.92	(0.14)	0.00	0.86	0.00	0.00	3.85	(3.61)	12.96
FWONA	1.73	0.05	0.02	0.02	2.50	(1.71)	3.29	(4.66)	12.93
WMG	1.42	(0.42)	0.00	1.61	0.00	0.00	2.15	(4.15)	13.96
FOX	1.65	(0.03)	0.00	(0.06)	0.00	0.00	4.28	(3.54)	13.96
RDI	2.57	0.07	0.04	(0.34)	2.74	(3.48)	5.93	(4.96)	16.76
RSVR	1.62	(0.02)	0.00	0.13	0.00	0.00	3.93	(3.24)	10.58
NWS	1.18	0.09	0.05	0.06	1.64	(1.21)	2.39	(2.27)	12.18
RDIB	5.46	0.79	0.13	(1.00)	5.71	(6.59)	10.45	(10.96)	43.09
LDSN	4.22	0.52	0.03	(1.34)	6.28	(13.20)	16.22	(18.00)	49.00

Gaia Corporate Executives

Elected by the shareholders, the Gaia's board of directors comprises two types of representatives: Gaia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gaia. The board's role is to monitor Gaia's management team and ensure that shareholders' interests are well served. Gaia'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, Gaia's outside directors are responsible for providing unbiased perspectives on the board's policies.

Paul Tarell

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