Alta Global Correlations

MMA Stock

1.53 0.15 10.87%

The current 90-days correlation between Alta Global Group and HWH International is -0.08 (i.e., Good diversification). The correlation of Alta Global 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.

Alta Global Correlation With Market

Average diversification

The correlation between Alta Global Group and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alta Global Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alta Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alta Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Alta Stock

0.68	LPAA	Launch One Acquisition	Pair Corr
0.66	MQGPG	Macquarie Group Earnings Call This Week	Pair Corr
0.65	QLGN	Qualigen Therapeutics	Pair Corr
0.76	TGB	Taseko Mines	Pair Corr
0.69	MJGCF	Majestic Gold Corp	Pair Corr
0.67	HSPT	Horizon Space Acquisition	Pair Corr
0.77	KGC	Kinross Gold Earnings Call This Week	Pair Corr
0.74	HONE	HarborOne Bancorp	Pair Corr
0.78	SATS	EchoStar	Pair Corr

Moving against Alta Stock

0.41	GMS	GMS Inc	Pair Corr
0.46	GLIOF	Gold Lion Resources	Pair Corr
0.36	MCRP	Micropolis Holding	Pair Corr

Related Correlations Analysis

	HWH	RENT	WKSP	MI	LGCB	SEGG	JZXN	LITB	BGI	IPW
HWH		0.54	0.35	0.41	-0.12	-0.37	0.03	0.12	0.24	-0.24	HWH
RENT	0.54		0.1	0.06	0.12	-0.03	0.3	-0.32	-0.22	-0.37	RENT
WKSP	0.35	0.1		0.13	0.02	-0.07	-0.02	-0.05	0.07	0.05	WKSP
MI	0.41	0.06	0.13		-0.68	-0.84	-0.5	0.74	0.72	0.07	MI
LGCB	-0.12	0.12	0.02	-0.68		0.73	0.8	-0.65	-0.51	-0.16	LGCB
SEGG	-0.37	-0.03	-0.07	-0.84	0.73		0.46	-0.73	-0.75	0.07	SEGG
JZXN	0.03	0.3	-0.02	-0.5	0.8	0.46		-0.53	-0.48	-0.32	JZXN
LITB	0.12	-0.32	-0.05	0.74	-0.65	-0.73	-0.53		0.69	0.31	LITB
BGI	0.24	-0.22	0.07	0.72	-0.51	-0.75	-0.48	0.69		0.15	BGI
IPW	-0.24	-0.37	0.05	0.07	-0.16	0.07	-0.32	0.31	0.15		IPW
	HWH	RENT	WKSP	MI	LGCB	SEGG	JZXN	LITB	BGI	IPW

Please upgrade your account to get full access to Macroaxis premium features

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

JZXN	+ 0.8	LGCB
LITB	+ 0.74	MI
SEGG	+ 0.73	LGCB
BGI	+ 0.72	MI
BGI	+ 0.69	LITB
RENT	+ 0.54	HWH

High negative correlations

SEGG	- 0.84	MI
BGI	- 0.75	SEGG
LITB	- 0.73	SEGG
LGCB	- 0.68	MI
LITB	- 0.65	LGCB
LITB	- 0.53	JZXN

Risk-Adjusted Indicators

There is a big difference between Alta Stock performing well and Alta Global 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 Alta Global'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
HWH	9.34	3.01	0.36	(0.57)	5.40	(15.49)	13.04	(9.94)	250.33
RENT	4.19	(0.43)	(0.01)	0.00	7.07	(4.80)	7.85	(8.16)	65.93
WKSP	4.38	(0.25)	(0.01)	0.02	4.83	(5.05)	8.96	(8.31)	34.54
MI	3.61	0.53	0.08	1.83	4.43	(4.28)	8.09	(7.75)	46.69
LGCB	3.58	(0.45)	0.00	1.70	0.00	0.00	9.42	(9.62)	31.77
SEGG	4.49	(1.65)	0.00	(0.42)	0.00	0.00	11.40	(10.29)	43.43
JZXN	6.17	(1.07)	0.00	(0.59)	0.00	0.00	11.11	(11.43)	104.46
LITB	4.87	1.95	0.34	(7.23)	4.10	(6.18)	15.14	(8.61)	47.32
BGI	3.88	0.99	0.26	3.70	2.69	(5.97)	7.27	(4.94)	60.94
IPW	5.68	(0.66)	0.00	(0.13)	0.00	0.00	14.26	(13.89)	57.41

Alta Global Corporate Management

Aaron Links	Chief Officer	Profile
Tanya Langton	Head Logistics	Profile
LLB BCom	Independent Secretary	Profile
Neale Java	Chief Officer	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC