GigaCloud Technology Correlations

GCT Stock

USD 15.59 0.32 2.01%

The current 90-days correlation between GigaCloud Technology and Boqii Holding Limited is 0.01 (i.e., Significant diversification). The correlation of GigaCloud Technology 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.

GigaCloud Technology Correlation With Market

Weak diversification

The correlation between GigaCloud Technology Class and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GigaCloud Technology Class 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 GigaCloud Technology Class. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with GigaCloud Stock

0.9	W	Wayfair Trending	Pair Corr
0.72	BQ	Boqii Holding Limited	Pair Corr
0.64	FL	Foot Locker	Pair Corr
0.89	HD	Home Depot	Pair Corr
0.9	RH	RH Earnings Call Today	Pair Corr
0.67	DLTH	Duluth Holdings	Pair Corr
0.85	DXLG	Destination XL Group	Pair Corr
0.73	VSCO	Victorias Secret	Pair Corr
0.8	WEYS	Weyco Group	Pair Corr
0.81	ETSY	Etsy Inc Buyout Trend	Pair Corr
0.67	WOOF	Pet Acquisition LLC	Pair Corr
0.61	FIVE	Five Below	Pair Corr
0.9	FLWS	1 800 FLOWERSCOM	Pair Corr
0.89	AAP	Advance Auto Parts	Pair Corr
0.82	AEO	American Eagle Outfitters	Pair Corr
0.64	ASO	Academy Sports Outdoors	Pair Corr
0.87	FNKO	Funko Inc	Pair Corr
0.65	BBY	Best Buy Sell-off Trend	Pair Corr
0.77	BKE	Buckle Inc	Pair Corr
0.89	DDS	Dillards	Pair Corr
0.91	DKS	Dicks Sporting Goods	Pair Corr
0.65	XELB	Xcel Brands Trending	Pair Corr
0.79	FND	Floor Decor Holdings	Pair Corr
0.78	GAP	Gap, Symbol Change	Pair Corr
0.87	GCO	Genesco	Pair Corr
0.69	KSS	Kohls Corp	Pair Corr
0.86	LAD	Lithia Motors	Pair Corr

Moving against GigaCloud Stock

0.67	VIPS	Vipshop Holdings	Pair Corr
0.62	AZO	AutoZone	Pair Corr
0.42	EYE	National Vision Holdings	Pair Corr
0.37	JD	JD Inc Adr	Pair Corr
0.53	GPC	Genuine Parts	Pair Corr
0.44	GRPN	Groupon	Pair Corr
0.39	PDD	PDD Holdings	Pair Corr
0.38	ORLY	OReilly Automotive	Pair Corr
0.35	JWN	Nordstrom	Pair Corr
0.31	MELI	MercadoLibre	Pair Corr

Related Correlations Analysis

	M	W	DIBS	AN	BQ	FL	HD	JD	JL	LE
M		0.66	0.35	0.05	0.68	0.8	0.36	-0.65	-0.31	0.74	M
W	0.66		0.72	0.63	0.75	0.74	0.84	-0.52	0.08	0.67	W
DIBS	0.35	0.72		0.79	0.68	0.43	0.78	-0.19	0.04	0.25	DIBS
AN	0.05	0.63	0.79		0.47	0.17	0.81	0.09	0.37	0.08	AN
BQ	0.68	0.75	0.68	0.47		0.66	0.65	-0.47	0.05	0.6	BQ
FL	0.8	0.74	0.43	0.17	0.66		0.6	-0.79	-0.15	0.89	FL
HD	0.36	0.84	0.78	0.81	0.65	0.6		-0.28	0.15	0.55	HD
JD	-0.65	-0.52	-0.19	0.09	-0.47	-0.79	-0.28		0.11	-0.73	JD
JL	-0.31	0.08	0.04	0.37	0.05	-0.15	0.15	0.11		-0.06	JL
LE	0.74	0.67	0.25	0.08	0.6	0.89	0.55	-0.73	-0.06		LE
	M	W	DIBS	AN	BQ	FL	HD	JD	JL	LE

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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

LE	+ 0.89	FL
HD	+ 0.84	W
HD	+ 0.81	AN
FL	+ 0.8	M
AN	+ 0.79	DIBS
HD	+ 0.78	DIBS

High negative correlations

JD	- 0.79	FL
LE	- 0.73	JD
JD	- 0.65	M
JD	- 0.52	W
JD	- 0.47	BQ
JL	- 0.31	M

Risk-Adjusted Indicators

There is a big difference between GigaCloud Stock performing well and GigaCloud Technology 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 GigaCloud Technology'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
M	2.18	(0.27)	0.00	(0.23)	0.00	0.00	5.29	(4.63)	15.65
W	3.23	(0.36)	0.00	0.73	0.00	0.00	6.50	(7.62)	17.27
DIBS	1.98	(0.31)	0.00	(0.39)	0.00	0.00	3.06	(4.76)	12.98
AN	1.37	0.06	0.03	0.04	1.90	(1.32)	2.48	(3.60)	8.00
BQ	4.90	(0.27)	0.00	(0.32)	0.00	0.00	11.53	(9.79)	33.81
FL	2.11	(0.51)	0.00	(0.36)	0.00	0.00	4.66	(4.80)	13.42
HD	1.18	(0.18)	0.00	(0.17)	0.00	0.00	2.50	(2.24)	7.58
JD	2.52	0.20	0.07	0.23	2.78	(2.73)	5.22	(4.13)	17.44
JL	6.52	1.19	0.14	0.81	7.40	(8.07)	18.82	(11.87)	49.55
LE	2.34	(0.35)	0.00	(0.20)	0.00	0.00	3.81	(3.64)	24.25

GigaCloud Technology Corporate Management

Lei Wu	Chairman Founder	Profile
Zoe Wong	General Counsel	Profile
Kwok Lau	Chief Officer	Profile
Xinyan Hao	Chief officer	Profile
Erica Wei	Interim Officer	Profile
Xin Wan	Chief Officer	Profile

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