Global Business Correlations

GBTG Stock

USD 7.69 0.08 1.05%

The correlation of Global Business 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 Business Correlation With Market

Very weak diversification

The correlation between Global Business Travel and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Business Travel and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Global Stock

0.62	MI	NFT Limited	Pair Corr
0.74	WKEY	Wisekey International	Pair Corr
0.82	ANY	Sphere 3D Corp	Pair Corr
0.75	BAH	Booz Allen Hamilton	Pair Corr
0.7	FRGE	Forge Global Holdings	Pair Corr
0.84	SLNH	Soluna Holdings	Pair Corr
0.78	CLSK	CleanSpark Upward Rally	Pair Corr
0.82	S	SentinelOne	Pair Corr
0.87	DIOD	Diodes Incorporated	Pair Corr
0.89	AI	C3 Ai Inc	Pair Corr
0.78	BL	Blackline	Pair Corr
0.75	DV	DoubleVerify Holdings	Pair Corr
0.64	IT	Gartner	Pair Corr
0.7	KE	Kimball Electronics	Pair Corr
0.86	KN	Knowles Cor	Pair Corr
0.86	NA	Nano Labs	Pair Corr
0.66	NN	Nextnav Acquisition Corp Tech Boost	Pair Corr
0.84	ON	ON Semiconductor	Pair Corr

Moving against Global Stock

0.54	VCSA	Vacasa Inc	Pair Corr
0.72	MQ	Marqeta	Pair Corr
0.44	GB	Global Blue Group	Pair Corr
0.44	JG	Aurora Mobile	Pair Corr
0.44	QH	Quhuo	Pair Corr
0.32	ML	MoneyLion	Pair Corr

Related Correlations Analysis

	ENV	MODN	MLNK	ALKT	PWSC	BLKB	ENFN	ETWO	CVT	EXFY
ENV		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ENV
MODN	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	MODN
MLNK	0.0	0.0		0.54	0.0	0.41	-0.5	0.51	0.0	0.17	MLNK
ALKT	0.0	0.0	0.54		0.0	0.84	-0.52	0.86	0.0	0.36	ALKT
PWSC	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PWSC
BLKB	0.0	0.0	0.41	0.84	0.0		-0.35	0.9	0.0	0.44	BLKB
ENFN	0.0	0.0	-0.5	-0.52	0.0	-0.35		-0.41	0.0	0.08	ENFN
ETWO	0.0	0.0	0.51	0.86	0.0	0.9	-0.41		0.0	0.5	ETWO
CVT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CVT
EXFY	0.0	0.0	0.17	0.36	0.0	0.44	0.08	0.5	0.0		EXFY
	ENV	MODN	MLNK	ALKT	PWSC	BLKB	ENFN	ETWO	CVT	EXFY

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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

ETWO	+ 0.9	BLKB
ETWO	+ 0.86	ALKT
BLKB	+ 0.84	ALKT
ALKT	+ 0.54	MLNK
ETWO	+ 0.51	MLNK
EXFY	+ 0.5	ETWO

High negative correlations

ENFN	- 0.52	ALKT
ENFN	- 0.5	MLNK
ETWO	- 0.41	ENFN
ENFN	- 0.35	BLKB
EXFY	- 0.0	CVT
CVT	- 0.0	ETWO

Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Business 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 Global Business' 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
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MODN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLNK	1.41	(0.15)	0.00	(0.16)	0.00	0.00	2.09	(3.68)	21.48
ALKT	2.04	(0.46)	0.00	(0.32)	0.00	0.00	3.49	(4.37)	19.06
PWSC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLKB	1.36	(0.33)	0.00	(0.74)	0.00	0.00	2.18	(3.36)	14.16
ENFN	1.14	0.09	0.06	0.34	1.58	(1.35)	3.38	(2.60)	10.10
ETWO	2.34	(0.25)	0.00	(0.19)	0.00	0.00	5.20	(5.24)	12.57
CVT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EXFY	2.86	(0.06)	0.00	(0.07)	0.00	0.00	5.11	(5.52)	28.23

Global Business Corporate Management

Chris Vliet	Controller	Profile
Barry Sievert	Vice Relations	Profile
David Thompson	Chief Officer	Profile
SiYeon JD	Chief Officer	Profile
Boriana Tchobanova	Senior Officer	Profile
Andrew Crawley	Chief Officer	Profile
Evan Konwiser	Chief Officer	Profile

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