GCM Grosvenor Correlations
| GCMG Stock | USD 13.31 0.10 0.75% |
The correlation of GCM Grosvenor 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.
GCM Grosvenor Correlation With Market
Very weak diversification
The correlation between GCM Grosvenor and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GCM Grosvenor and DJI in the same portfolio, assuming nothing else is changed.
GCM |
Moving together with GCM Stock
| 0.85 | V | Visa Class A Sell-off Trend | PairCorr |
| 0.78 | MA | Mastercard | PairCorr |
| 0.66 | PT | Pintec Technology | PairCorr |
| 0.71 | COF | Capital One Financial | PairCorr |
| 0.72 | TWO | Two Harbors Investments | PairCorr |
| 0.71 | OPFI | OppFi Inc | PairCorr |
| 0.89 | COOP | Mr Cooper Group | PairCorr |
| 0.81 | C | Citigroup Aggressive Push | PairCorr |
| 0.67 | AC | Associated Capital | PairCorr |
| 0.9 | BK | Bank of New York | PairCorr |
| 0.81 | GL | Globe Life | PairCorr |
| 0.72 | GS | Goldman Sachs Group | PairCorr |
Moving against GCM Stock
| 0.77 | VEL | Velocity Financial Llc | PairCorr |
| 0.62 | DHIL | Diamond Hill Investment | PairCorr |
| 0.61 | WD | Walker Dunlop | PairCorr |
| 0.44 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.31 | AX | Axos Financial | PairCorr |
| 0.86 | VALU | Value Line | PairCorr |
| 0.56 | EG | Everest Group | PairCorr |
| 0.52 | WT | WisdomTree | PairCorr |
| 0.49 | VABK | Virginia National | PairCorr |
| 0.48 | LC | LendingClub Corp Sell-off Trend | PairCorr |
| 0.44 | IX | Orix Corp Ads | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 GCM Stock performing well and GCM Grosvenor 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 GCM Grosvenor'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CBH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CXH | 0.42 | (0.05) | 0.00 | 0.84 | 0.00 | 0.76 | 2.56 | |||
| IHTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EOT | 0.47 | (0.06) | 0.00 | (0.34) | 0.00 | 1.01 | 2.87 | |||
| NXC | 0.34 | (0.01) | 0.00 | (0.14) | 0.00 | 0.69 | 1.98 | |||
| FMN | 0.44 | (0.06) | 0.00 | (0.45) | 0.00 | 0.80 | 3.00 | |||
| MHN | 0.47 | (0.08) | 0.00 | (0.50) | 0.00 | 0.69 | 2.81 | |||
| IHIT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHAA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |