Global Lights Correlations
| GLACR Stock | USD 0.15 0.0001 0.07% |
The current 90-days correlation between Global Lights Acquisition and Arrow Electronics is -0.01 (i.e., Good diversification). The correlation of Global Lights 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.
Global Lights Correlation With Market
Good diversification
The correlation between Global Lights Acquisition and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Lights Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving against Global Stock
| 0.53 | DIST | Distoken Acquisition | PairCorr |
| 0.53 | MSSAW | Metal Sky Star | PairCorr |
| 0.53 | GLACU | Global Lights Acquisition | PairCorr |
| 0.52 | RENEU | Cartesian Growth | PairCorr |
| 0.48 | DSAQ | Direct Selling Acqui | PairCorr |
| 0.46 | DMYY | dMY Squared Technology | PairCorr |
| 0.42 | MBAV | M3 Brigade Acquisition | PairCorr |
| 0.4 | MSSAU | Metal Sky Star | PairCorr |
| 0.4 | YHNAU | YHN Acquisition I | PairCorr |
| 0.43 | LPAAU | Launch One Acquisition | PairCorr |
| 0.42 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.41 | DTSQ | DT Cloud Star | PairCorr |
Related Correlations Analysis
| 0.27 | 0.69 | 0.1 | 0.2 | 0.0 | -0.34 | ARW | ||
| 0.27 | 0.25 | 0.41 | 0.28 | 0.0 | 0.51 | ZH | ||
| 0.69 | 0.25 | 0.06 | 0.59 | 0.0 | -0.23 | CPNG | ||
| 0.1 | 0.41 | 0.06 | 0.22 | 0.0 | 0.34 | WVVIP | ||
| 0.2 | 0.28 | 0.59 | 0.22 | 0.0 | 0.21 | FIZZ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPMMF | ||
| -0.34 | 0.51 | -0.23 | 0.34 | 0.21 | 0.0 | CASBF | ||
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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 Global Stock performing well and Global Lights 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 Global Lights' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARW | 1.25 | (0.21) | 0.00 | 4.43 | 0.00 | 2.03 | 14.19 | |||
| ZH | 2.21 | (0.14) | 0.00 | (1.99) | 0.00 | 4.11 | 20.39 | |||
| CPNG | 1.56 | (0.22) | 0.00 | (0.33) | 0.00 | 2.80 | 15.38 | |||
| WVVIP | 2.12 | (0.10) | 0.00 | 0.42 | 0.00 | 5.65 | 13.21 | |||
| FIZZ | 1.13 | (0.12) | 0.00 | (0.26) | 0.00 | 2.13 | 10.75 | |||
| SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CASBF | 1.15 | (0.01) | 0.00 | 0.06 | 0.00 | 2.12 | 26.77 |
Global Lights Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Lights stock to make a market-neutral strategy. Peer analysis of Global Lights could also be used in its relative valuation, which is a method of valuing Global Lights by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Lights Corporate Management
| Yizhi Guo | Chief Officer | Profile | |
| William Liu | Chief Officer | Profile | |
| Bin Yang | Chief Officer | Profile | |
| Guomei Han | Chief Officer | Profile |