Alta Global Correlations

MMA Stock

1.08 0.02 1.82%

The current 90-days correlation between Alta Global Group and CompoSecure is -0.05 (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

Good diversification

The correlation between Alta Global Group 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 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 population.

Moving together with Alta Stock

0.72	EXPI	eXp World Holdings Earnings Call Next Week	Pair Corr
0.7	CWK	Cushman Wakefield plc	Pair Corr
0.72	JLL	Jones Lang LaSalle	Pair Corr
0.83	MLP	Maui Land Pineapple	Pair Corr
0.68	RFL	Rafael Holdings,	Pair Corr
0.82	RMR	RMR Group	Pair Corr
0.65	NMRK	Newmark Group	Pair Corr
0.63	RMAX	Re Max Holding Earnings Call This Week	Pair Corr
0.62	ASPS	Altisource Portfolio	Pair Corr
0.89	STHO	Star Holdings	Pair Corr
0.74	CBRE	CBRE Group Class	Pair Corr
0.65	CIGI	Colliers International Earnings Call Next Week	Pair Corr
0.67	CSGP	CoStar Group	Pair Corr

Moving against Alta Stock

0.84	DUO	Fangdd Network Group	Pair Corr
0.69	DBRG-PI	DigitalBridge Group	Pair Corr
0.67	XHG	XChange TECINC	Pair Corr
0.65	LRHC	La Rosa Holdings	Pair Corr
0.55	DBRG-PJ	DigitalBridge Group	Pair Corr
0.51	DBRG-PH	DigitalBridge Group	Pair Corr
0.38	UKOMW	Ucommune International	Pair Corr
0.38	IRS	IRSA Inversiones Y	Pair Corr
0.76	ALBT	Avalon GloboCare Corp	Pair Corr
0.73	AIRE	reAlpha Tech Corp	Pair Corr
0.48	BEKE	Ke Holdings	Pair Corr
0.36	UOKA	MDJM Symbol Change	Pair Corr
0.32	CURB	Curbline Properties Corp	Pair Corr

Related Correlations Analysis

	CMPOW	BBDC	CHBAY	EWBC	IREN	PFLT	FSTR
CMPOW		0.92	0.85	0.85	0.85	0.87	0.59	CMPOW
BBDC	0.92		0.87	0.84	0.91	0.92	0.71	BBDC
CHBAY	0.85	0.87		0.87	0.9	0.91	0.77	CHBAY
EWBC	0.85	0.84	0.87		0.94	0.91	0.8	EWBC
IREN	0.85	0.91	0.9	0.94		0.9	0.88	IREN
PFLT	0.87	0.92	0.91	0.91	0.9		0.74	PFLT
FSTR	0.59	0.71	0.77	0.8	0.88	0.74		FSTR
	CMPOW	BBDC	CHBAY	EWBC	IREN	PFLT	FSTR

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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
CMPOW	2.62	0.91	0.28	1.45	2.33	(3.19)	6.18	(4.52)	14.57
BBDC	0.86	0.30	0.01	(0.56)	0.89	(0.97)	2.06	(1.66)	5.07
CHBAY	1.12	0.30	0.03	(35.75)	1.08	(3.66)	6.04	(2.09)	13.40
EWBC	1.45	0.18	0.20	0.32	1.09	(1.77)	3.79	(2.37)	10.50
IREN	3.25	1.52	0.54	0.95	2.12	(4.07)	8.52	(4.70)	16.04
PFLT	0.80	0.05	(0.01)	0.28	0.91	(0.89)	1.76	(1.47)	4.80
FSTR	1.74	(0.04)	0.03	0.18	2.07	(1.88)	4.35	(3.11)	11.27

Alta Global Corporate Management

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

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