GigCapital7 Corp Correlations

GIG Stock

USD 10.37 0.02 0.19%

The current 90-days correlation between GigCapital7 Corp Class and Xtant Medical Holdings is 0.04 (i.e., Significant diversification). The correlation of GigCapital7 Corp 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.

GigCapital7 Corp Correlation With Market

Good diversification

The correlation between GigCapital7 Corp Class and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GigCapital7 Corp Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GigCapital7 Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GigCapital7 Corp Class. 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.

For more detail on how to invest in GigCapital7 Stock please use our How to Invest in GigCapital7 Corp guide.

Moving together with GigCapital7 Stock

0.65	BN	Brookfield Corp	Pair Corr
0.65	CG	Carlyle Group	Pair Corr
0.78	GS	Goldman Sachs Group	Pair Corr
0.76	MS	Morgan Stanley	Pair Corr
0.66	SF	Stifel Financial	Pair Corr
0.7	WT	WisdomTree	Pair Corr
0.64	VRTS	Virtus Investment	Pair Corr
0.64	ENVA	Enova International	Pair Corr
0.75	EVR	Evercore Partners	Pair Corr
0.86	GROW	US Global Investors	Pair Corr
0.78	HOOD	Robinhood Markets	Pair Corr

Moving against GigCapital7 Stock

0.77	LX	Lexinfintech Holdings Earnings Call This Week	Pair Corr
0.45	MA	Mastercard	Pair Corr
0.41	V	Visa Class A	Pair Corr
0.37	LU	Lufax Holding	Pair Corr
0.82	WU	Western Union	Pair Corr
0.74	GCMGW	GCM Grosvenor	Pair Corr
0.55	TW	Tradeweb Markets	Pair Corr
0.32	ECPG	Encore Capital Group	Pair Corr
0.67	MIGI	Mawson Infrastructure	Pair Corr

Related Correlations Analysis

	GOOS	AMGN	XTNT	JRSH	AQST	VMD	JYNT	GPAIF
GOOS		0.79	0.01	0.47	0.72	-0.27	0.5	0.0	GOOS
AMGN	0.79		-0.11	0.36	0.81	-0.25	0.66	0.0	AMGN
XTNT	0.01	-0.11		-0.37	-0.35	0.39	0.02	0.0	XTNT
JRSH	0.47	0.36	-0.37		0.51	-0.11	0.12	0.0	JRSH
AQST	0.72	0.81	-0.35	0.51		-0.11	0.67	0.0	AQST
VMD	-0.27	-0.25	0.39	-0.11	-0.11		0.14	0.0	VMD
JYNT	0.5	0.66	0.02	0.12	0.67	0.14		0.0	JYNT
GPAIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GPAIF
	GOOS	AMGN	XTNT	JRSH	AQST	VMD	JYNT	GPAIF

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

AQST	+ 0.81	AMGN
AMGN	+ 0.79	GOOS
AQST	+ 0.72	GOOS
JYNT	+ 0.67	AQST
JYNT	+ 0.66	AMGN
AQST	+ 0.51	JRSH

High negative correlations

JRSH	- 0.37	XTNT
AQST	- 0.35	XTNT
VMD	- 0.27	GOOS
VMD	- 0.25	AMGN
VMD	- 0.11	AQST
VMD	- 0.11	JRSH

Risk-Adjusted Indicators

There is a big difference between GigCapital7 Stock performing well and GigCapital7 Corp 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 GigCapital7 Corp'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
GOOS	2.68	0.44	0.11	1.13	3.26	(3.18)	6.29	(4.46)	33.74
AMGN	1.28	0.03	0.01	0.15	1.64	(1.39)	3.32	(2.08)	9.43
XTNT	3.74	0.39	0.10	0.51	3.23	(5.26)	10.53	(5.00)	23.91
JRSH	1.18	0.00	(0.01)	0.12	1.52	(1.45)	3.66	(3.04)	10.92
AQST	3.16	0.55	0.10	2.46	4.05	(3.83)	8.44	(5.02)	21.80
VMD	1.69	0.12	0.06	0.25	1.78	(1.94)	3.90	(2.70)	9.91
JYNT	2.15	0.05	0.02	0.17	2.73	(2.41)	6.09	(4.00)	20.40
GPAIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

GigCapital7 Corp Corporate Executives

Elected by the shareholders, the GigCapital7 Corp's board of directors comprises two types of representatives: GigCapital7 Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GigCapital7. The board's role is to monitor GigCapital7 Corp's management team and ensure that shareholders' interests are well served. GigCapital7 Corp'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, GigCapital7 Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christine Marshall

CFO Treasurer

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