Giga Media Correlations

GIGM Stock

USD 1.60 0.01 0.63%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Giga Media moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Giga Media moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Giga Media Correlation With Market

Good diversification

The correlation between Giga Media and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Giga Media 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 Giga Media. 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.

To learn how to invest in Giga Stock, please use our How to Invest in Giga Media guide.

Moving against Giga Stock

0.47	Z	Zillow Group Class	Pair Corr
0.43	MYPS	Playstudios	Pair Corr
0.42	GRVY	Gravity	Pair Corr
0.37	BHAT	Blue Hat Interactive	Pair Corr
0.35	SOHU	SohuCom	Pair Corr
0.31	PLTK	Playtika Holding Corp	Pair Corr
0.31	IQ	iQIYI Inc Aggressive Push	Pair Corr
0.57	BATRK	Atlanta Braves Holdings,	Pair Corr
0.47	ZG	Zillow Group	Pair Corr
0.41	WB	Weibo Corp	Pair Corr
0.38	WLYB	John Wiley Sons	Pair Corr
0.37	OB	Outbrain	Pair Corr
0.35	ADD	Color Star Technology	Pair Corr
0.33	BATRA	Atlanta Braves Holdings,	Pair Corr
0.32	FENG	Phoenix New Media	Pair Corr

Related Correlations Analysis

	SCPL	SOHU	SNAL	MYPS	PLTK	DDI	BRAG	GMGI	SWMIF	BLITF
SCPL		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SCPL
SOHU	0.0		0.08	-0.25	-0.19	-0.18	0.42	-0.02	0.0	0.0	SOHU
SNAL	0.0	0.08		0.16	0.5	0.03	0.58	-0.38	0.0	0.0	SNAL
MYPS	0.0	-0.25	0.16		0.85	0.69	-0.25	-0.14	0.0	0.0	MYPS
PLTK	0.0	-0.19	0.5	0.85		0.59	0.09	-0.26	0.0	0.0	PLTK
DDI	0.0	-0.18	0.03	0.69	0.59		-0.44	0.0	0.0	0.0	DDI
BRAG	0.0	0.42	0.58	-0.25	0.09	-0.44		-0.32	0.0	0.0	BRAG
GMGI	0.0	-0.02	-0.38	-0.14	-0.26	0.0	-0.32		0.0	0.0	GMGI
SWMIF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SWMIF
BLITF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		BLITF
	SCPL	SOHU	SNAL	MYPS	PLTK	DDI	BRAG	GMGI	SWMIF	BLITF

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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

PLTK	+ 0.85	MYPS
DDI	+ 0.69	MYPS
DDI	+ 0.59	PLTK
BRAG	+ 0.58	SNAL
PLTK	+ 0.5	SNAL
BRAG	+ 0.42	SOHU

High negative correlations

BRAG	- 0.44	DDI
GMGI	- 0.38	SNAL
GMGI	- 0.32	BRAG
GMGI	- 0.26	PLTK
BRAG	- 0.25	MYPS
MYPS	- 0.25	SOHU

Risk-Adjusted Indicators

There is a big difference between Giga Stock performing well and Giga Media 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 Giga Media'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
SCPL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SOHU	1.99	0.13	0.05	0.07	2.78	(1.85)	4.11	(3.94)	14.72
SNAL	7.35	1.02	0.10	0.48	8.61	(7.81)	16.67	(13.53)	46.46
MYPS	2.98	(0.61)	0.00	(0.41)	0.00	0.00	5.65	(5.91)	20.72
PLTK	1.92	(0.81)	0.00	(1.29)	0.00	0.00	2.19	(4.78)	21.07
DDI	2.16	(0.12)	0.00	(0.39)	0.00	0.00	4.62	(5.00)	14.65
BRAG	3.09	0.45	0.13	0.33	3.11	(4.01)	7.87	(5.58)	28.30
GMGI	3.44	0.24	0.05	0.15	4.08	(4.37)	6.60	(7.08)	44.19
SWMIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BLITF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Giga Media Corporate Management

ShihChin Huang	Head Department	Profile
Li Tang	Special Advisor	Profile
CherngShiun LEE	Corporate Executive of GigaCloud	Profile
ChengMing Huang	CEO Chairman	Profile

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