Global Energy Correlations
| GBLEF Stock | USD 0.01 0 48.19% |
The current 90-days correlation between Global Energy Metals and Liontown Resources Limited is -0.17 (i.e., Good diversification). The correlation of Global Energy 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.
Global Energy Correlation With Market
Significant diversification
The correlation between Global Energy Metals and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Energy Metals and DJI in the same portfolio, assuming nothing else is changed.
Global |
The ability to find closely correlated positions to Global Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Energy Metals to buy it.
Moving together with Global OTC Stock
| 0.73 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.78 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.69 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Moving against Global OTC Stock
| 0.87 | T | ATT Inc Aggressive Push | PairCorr |
| 0.8 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.78 | WMT | Walmart Aggressive Push | PairCorr |
| 0.76 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.63 | HPQ | HP Inc | PairCorr |
| 0.58 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.51 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.43 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.32 | BHPLF | BHP Group Limited | PairCorr |
Related Correlations Analysis
| 0.31 | -0.56 | 0.26 | 0.67 | -0.55 | 0.34 | LINRF | ||
| 0.31 | -0.78 | 0.78 | 0.64 | 0.0 | 0.6 | T | ||
| -0.56 | -0.78 | -0.78 | -0.64 | 0.39 | -0.83 | MRK | ||
| 0.26 | 0.78 | -0.78 | 0.57 | 0.13 | 0.85 | DIS | ||
| 0.67 | 0.64 | -0.64 | 0.57 | -0.35 | 0.5 | CAT | ||
| -0.55 | 0.0 | 0.39 | 0.13 | -0.35 | -0.1 | PG | ||
| 0.34 | 0.6 | -0.83 | 0.85 | 0.5 | -0.1 | JPM | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global OTC Stock performing well and Global Energy OTC Stock 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 Global Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LINRF | 3.52 | (0.01) | (0.01) | 0.09 | 4.66 | 11.11 | 26.28 | |||
| T | 0.92 | 0.28 | 0.15 | (7.88) | 0.85 | 2.56 | 6.47 | |||
| MRK | 0.91 | (0.21) | 0.00 | (0.74) | 0.00 | 2.00 | 4.89 | |||
| DIS | 0.99 | 0.32 | 0.25 | 0.66 | 0.57 | 2.34 | 7.57 | |||
| CAT | 1.33 | 0.01 | 0.07 | 0.12 | 1.36 | 3.36 | 12.38 | |||
| PG | 0.72 | 0.10 | (0.03) | (1.09) | 0.77 | 1.74 | 4.66 | |||
| JPM | 1.12 | (0.01) | 0.06 | 0.11 | 1.40 | 2.05 | 15.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Global Energy Corporate Management
Elected by the shareholders, the Global Energy's board of directors comprises two types of representatives: Global Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Energy's management team and ensure that shareholders' interests are well served. Global Energy'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, Global Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mitchell Smith | CEO Pres | Profile | |
| Luis Hadic | Chief Officer | Profile | |
| Erin Campbell | Chairman Sec | Profile | |
| Raymond Castelli | Consultant Board | Profile |