GP Act Correlations

GPAT Stock

10.64 0.03 0.28%

The current 90-days correlation between GP Act III and Centurion Acquisition Corp is 0.15 (i.e., Average diversification). The correlation of GP Act 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.

GP Act Correlation With Market

Very good diversification

The correlation between GP Act III Acquisition and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GP Act III Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GPAT Stock

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

Moving together with GPAT Stock

0.7	COG	COG Financial Services	Pair Corr
0.63	OMER	Omeros Trending	Pair Corr
0.72	CVAT	Cavitation Techs	Pair Corr
0.74	LVVV	Livewire Ergogenics	Pair Corr

Moving against GPAT Stock

0.72	SAR	Saratoga Investment Corp	Pair Corr
0.65	EQH	Axa Equitable Holdings	Pair Corr
0.57	CPAY	Corpay Inc	Pair Corr
0.55	NEWT	Newtek Business Services	Pair Corr
0.41	DJT	Trump Media Technology	Pair Corr
0.38	AMZN	Amazon Inc	Pair Corr
0.35	MSDL	Morgan Stanley Direct	Pair Corr
0.41	VLKAF	Volkswagen AG	Pair Corr
0.36	VWAGY	Volkswagen AG 110	Pair Corr
0.39	BETSF	Bit Brother Limited	Pair Corr
0.32	VXIT	VirExit Technologies	Pair Corr

Related Correlations Analysis

	ALF	CEPT	TACO	BEAG	HYAC	GIG	VACH	MBAV	RDAG	CCIX
ALF		0.53	0.18	0.58	0.6	0.75	0.73	0.01	-0.03	0.63	ALF
CEPT	0.53		0.66	0.92	0.14	0.76	0.37	0.5	0.24	0.81	CEPT
TACO	0.18	0.66		0.71	0.0	0.42	-0.01	0.59	0.63	0.43	TACO
BEAG	0.58	0.92	0.71		0.23	0.83	0.39	0.4	0.39	0.83	BEAG
HYAC	0.6	0.14	0.0	0.23		0.51	0.83	-0.27	-0.18	0.32	HYAC
GIG	0.75	0.76	0.42	0.83	0.51		0.62	0.12	0.1	0.82	GIG
VACH	0.73	0.37	-0.01	0.39	0.83	0.62		-0.15	-0.21	0.46	VACH
MBAV	0.01	0.5	0.59	0.4	-0.27	0.12	-0.15		0.37	0.21	MBAV
RDAG	-0.03	0.24	0.63	0.39	-0.18	0.1	-0.21	0.37		0.1	RDAG
CCIX	0.63	0.81	0.43	0.83	0.32	0.82	0.46	0.21	0.1		CCIX
	ALF	CEPT	TACO	BEAG	HYAC	GIG	VACH	MBAV	RDAG	CCIX

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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

BEAG	+ 0.92	CEPT
GIG	+ 0.83	BEAG
CCIX	+ 0.83	BEAG
VACH	+ 0.83	HYAC
CCIX	+ 0.82	GIG
CCIX	+ 0.81	CEPT

High negative correlations

MBAV	- 0.27	HYAC
RDAG	- 0.21	VACH
RDAG	- 0.18	HYAC
MBAV	- 0.15	VACH
RDAG	- 0.03	ALF
VACH	- 0.01	TACO

Risk-Adjusted Indicators

There is a big difference between GPAT Stock performing well and GP Act 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 GP Act'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
ALF	0.09	0.00	(0.22)	(0.02)	0.10	(0.22)	0.28	(0.28)	1.05
CEPT	0.94	0.14	0.05	(0.41)	0.84	(1.42)	2.08	(1.53)	15.86
TACO	0.28	0.00	(0.19)	0.03	0.28	(0.40)	0.78	(0.58)	2.10
BEAG	0.22	0.01	(0.17)	0.14	0.16	(0.32)	0.48	(0.37)	2.93
HYAC	0.15	0.01	(0.15)	0.18	0.13	(0.27)	0.35	(0.44)	2.31
GIG	0.53	0.05	0.00	0.28	1.04	(0.96)	1.90	(1.19)	12.05
VACH	0.09	0.00	(0.31)	0.25	0.04	(0.15)	0.19	(0.19)	0.95
MBAV	0.20	(0.03)	0.00	2.03	0.00	0.00	0.29	(0.47)	1.04
RDAG	0.26	(0.01)	(0.18)	(0.44)	0.33	(0.33)	0.49	(0.58)	2.05
CCIX	0.21	0.03	(0.18)	(1.08)	0.07	(0.30)	0.56	(0.37)	2.07

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