GCM Grosvenor Correlations

GCMGW Stock

USD 1.95 0.01 0.51%

The current 90-days correlation between GCM Grosvenor and GCM Grosvenor is 0.01 (i.e., Significant diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

GCM Grosvenor Correlation With Market

Modest diversification

The correlation between GCM Grosvenor and DJI is 0.28 (i.e., Modest 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.

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

For more information on how to buy GCM Stock please use our How to Invest in GCM Grosvenor guide.

Moving together with GCM Stock

0.87	V	Visa Class A Sell-off Trend	Pair Corr
0.84	MA	Mastercard	Pair Corr
0.64	PT	Pintec Technology	Pair Corr
0.74	COF	Capital One Financial	Pair Corr
0.69	TWO	Two Harbors Investments	Pair Corr
0.69	OPFI	OppFi Inc	Pair Corr
0.89	COOP	Mr Cooper Group	Pair Corr
0.8	C	Citigroup Aggressive Push	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.89	BK	Bank of New York	Pair Corr
0.73	GS	Goldman Sachs Group	Pair Corr

Moving against GCM Stock

0.72	VEL	Velocity Financial Llc	Pair Corr
0.59	DHIL	Diamond Hill Investment	Pair Corr
0.55	WD	Walker Dunlop	Pair Corr
0.41	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.65	EG	Everest Group	Pair Corr
0.61	VBFC	Village Bank	Pair Corr
0.59	VALU	Value Line	Pair Corr
0.43	IX	Orix Corp Ads	Pair Corr

Related Correlations Analysis

	GCMG	GSMGW	FREEW	ERESW	EOSEW
GCMG		0.24	0.0	0.0	-0.21	GCMG
GSMGW	0.24		0.0	0.0	0.32	GSMGW
FREEW	0.0	0.0		0.0	0.0	FREEW
ERESW	0.0	0.0	0.0		0.0	ERESW
EOSEW	-0.21	0.32	0.0	0.0		EOSEW
	GCMG	GSMGW	FREEW	ERESW	EOSEW

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

EOSEW	+ 0.32	GSMGW
GSMGW	+ 0.24	GCMG
FREEW	+ 0.0	GCMG
ERESW	+ 0.0	GCMG
FREEW	+ 0.0	GSMGW
ERESW	+ 0.0	GSMGW

High negative correlations

EOSEW	- 0.21	GCMG
EOSEW	- 0.0	ERESW
EOSEW	- 0.0	FREEW
ERESW	- 0.0	FREEW
ERESW	- 0.0	GSMGW
FREEW	- 0.0	GSMGW

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
GCMG	1.03	0.17	0.17	19.18	1.19	(1.16)	2.02	(2.02)	7.37
GSMGW	35.80	11.78	0.29	0.35	22.30	(77.37)	100.00	(42.86)	142.86
FREEW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ERESW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EOSEW	9.20	(0.03)	0.01	(0.04)	9.54	(12.04)	21.55	(15.52)	85.64

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

2024 Macroaxis LLC