Gogoro Equity Correlations
GGROW Stock | USD 0.02 0.0002 1.00% |
The current 90-days correlation between Gogoro Equity Warrant and Stryve Foods is -0.12 (i.e., Good diversification). The correlation of Gogoro Equity 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.
Gogoro Equity Correlation With Market
Good diversification
The correlation between Gogoro Equity Warrant and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gogoro Equity Warrant and DJI in the same portfolio, assuming nothing else is changed.
Gogoro |
Moving together with Gogoro Stock
0.65 | HMC | Honda Motor | PairCorr |
0.82 | ZAPP | Zapp Electric Vehicles | PairCorr |
0.85 | LCID | Lucid Group Aggressive Push | PairCorr |
0.7 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
0.7 | AYRO | AYRO Inc | PairCorr |
0.68 | STLA | Stellantis NV | PairCorr |
0.65 | GV | Visionary Education | PairCorr |
0.8 | DOOO | BRP Inc | PairCorr |
Moving against Gogoro Stock
0.79 | RL | Ralph Lauren Corp | PairCorr |
0.69 | GM | General Motors | PairCorr |
0.67 | HD | Home Depot | PairCorr |
0.63 | XPEV | Xpeng Inc | PairCorr |
0.63 | RH | RH Earnings Call This Week | PairCorr |
0.6 | MOD | Modine Manufacturing | PairCorr |
0.56 | MTEN | Mingteng International | PairCorr |
0.45 | HSAI | Hesai Group American Trending | PairCorr |
0.44 | LI | Li Auto | PairCorr |
0.4 | BC | Brunswick | PairCorr |
0.37 | GNTX | Gentex | PairCorr |
0.36 | F | Ford Motor Aggressive Push | PairCorr |
0.31 | LOBO | LOBO EV TECHNOLOGIES | PairCorr |
0.84 | EVRI | Everi Holdings | PairCorr |
0.82 | EXPE | Expedia Group | PairCorr |
0.8 | VSCO | Victorias Secret | PairCorr |
0.8 | FLXS | Flexsteel Industries | PairCorr |
0.79 | AGS | PlayAGS | PairCorr |
0.77 | DOGZ | Dogness International | PairCorr |
0.76 | WRBY | Warby Parker | PairCorr |
0.69 | UA | Under Armour C | PairCorr |
0.58 | WEYS | Weyco Group | PairCorr |
0.56 | ADT | ADT Inc | PairCorr |
Related Correlations Analysis
0.39 | 0.78 | 0.7 | -0.63 | SNAX | ||
0.39 | 0.58 | 0.63 | -0.59 | MOBQ | ||
0.78 | 0.58 | 0.72 | -0.77 | TCBP | ||
0.7 | 0.63 | 0.72 | -0.56 | VXTR | ||
-0.63 | -0.59 | -0.77 | -0.56 | EQRX | ||
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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 Gogoro Stock performing well and Gogoro Equity 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 Gogoro Equity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
SNAX | 4.59 | (0.80) | 0.00 | (1.30) | 0.00 | 10.13 | 58.01 | |||
MOBQ | 7.86 | (0.07) | 0.00 | 0.15 | 0.00 | 23.53 | 102.08 | |||
TCBP | 8.11 | (2.13) | 0.00 | (2.92) | 0.00 | 15.60 | 85.84 | |||
VXTR | 4.49 | (1.06) | 0.00 | (45.60) | 0.00 | 10.00 | 25.00 | |||
EQRX | 3.06 | (0.06) | (0.02) | 0.06 | 4.10 | 5.92 | 16.15 |
Gogoro Equity Corporate Management
Henry Chiang | Interim Officer | Profile | |
Bruce Aitken | Chief Officer | Profile | |
Horace Luke | CEO Founder | Profile | |
Alan Pan | Chief Officer | Profile | |
Matt Taylor | CoFounder Officer | Profile | |
MingI Peng | Chief Officer | Profile |