Global Star Correlations
| GLSTR Stock | 0.25 0.02 8.70% |
The current 90-days correlation between Global Star Acquisition, and FutureTech II Acquisition is 0.05 (i.e., Significant diversification). The correlation of Global Star 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 Star Correlation With Market
Good diversification
The correlation between Global Star Acquisition, and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Star Acquisition, and DJI in the same portfolio, assuming nothing else is changed.
Global |
Moving together with Global Stock
| 0.81 | MBAV | M3 Brigade Acquisition | PairCorr |
| 0.8 | MBAVW | M3 Brigade Acquisition | PairCorr |
| 0.66 | RENEU | Cartesian Growth | PairCorr |
| 0.62 | DTSQ | DT Cloud Star | PairCorr |
| 0.63 | VMCA | Valuence Merger Corp | PairCorr |
| 0.66 | LPAAU | Launch One Acquisition | PairCorr |
| 0.69 | LPAAW | Launch One Acquisition | PairCorr |
| 0.65 | RFAIR | RF Acquisition Corp | PairCorr |
| 0.64 | GLSTW | Global Star Acquisition, | PairCorr |
| 0.72 | EMCGU | Embrace Change Acqui | PairCorr |
| 0.62 | POLEU | Andretti Acquisition Corp | PairCorr |
Moving against Global Stock
| 0.34 | MSSAR | Metal Sky Star | PairCorr |
| 0.65 | EMCGW | Embrace Change Acqui | PairCorr |
| 0.62 | EMCGR | Embrace Change Acqui | PairCorr |
| 0.56 | RFACU | Rf Acquisition Corp | PairCorr |
| 0.4 | GLSTU | Global Star Acquisition | PairCorr |
Related Correlations Analysis
| -0.47 | -0.19 | 0.0 | 0.05 | FTIIW | ||
| -0.47 | -0.33 | 0.0 | -0.5 | NWTN | ||
| -0.19 | -0.33 | 0.0 | 0.49 | GLSTW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | CLOER | ||
| 0.05 | -0.5 | 0.49 | 0.0 | ATMVU | ||
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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 Star 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 Star'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTIIW | 23.47 | 5.91 | 0.22 | (4.05) | 20.59 | 66.00 | 141.85 | |||
| NWTN | 5.41 | (1.18) | 0.00 | 0.62 | 0.00 | 10.00 | 36.79 | |||
| GLSTW | 12.70 | 3.75 | 0.25 | 3.10 | 11.86 | 36.61 | 119.19 | |||
| CLOER | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATMVU | 0.15 | 0.00 | 0.00 | (0.08) | 0.00 | 0.00 | 6.41 |