Global Star Correlations

GLSTW Stock

0.03 0 7.14%

The current 90-days correlation between Global Star Acquisition, and KKR Co LP is -0.08 (i.e., Good 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.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Star Acquisition,. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Global Stock

0.36

NNI

Nelnet Inc

Pair Corr

Related Correlations Analysis

	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN
KKR		0.94	0.95	0.93	0.88	0.91	0.81	0.84	0.81	0.88	KKR
BX	0.94		0.93	0.87	0.91	0.92	0.78	0.82	0.84	0.91	BX
TROW	0.95	0.93		0.91	0.88	0.92	0.76	0.85	0.77	0.93	TROW
APO	0.93	0.87	0.91		0.81	0.9	0.88	0.91	0.82	0.77	APO
CG	0.88	0.91	0.88	0.81		0.87	0.8	0.81	0.9	0.84	CG
BAM	0.91	0.92	0.92	0.9	0.87		0.8	0.88	0.78	0.84	BAM
ARES	0.81	0.78	0.76	0.88	0.8	0.8		0.82	0.92	0.62	ARES
BLK	0.84	0.82	0.85	0.91	0.81	0.88	0.82		0.81	0.71	BLK
OWL	0.81	0.84	0.77	0.82	0.9	0.78	0.92	0.81		0.68	OWL
BEN	0.88	0.91	0.93	0.77	0.84	0.84	0.62	0.71	0.68		BEN
	KKR	BX	TROW	APO	CG	BAM	ARES	BLK	OWL	BEN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
KKR	1.46	0.25	0.15	1.59	1.46	(1.75)	3.42	(2.38)	15.02
BX	1.35	0.23	0.12	0.82	1.54	(1.43)	3.21	(2.21)	12.51
TROW	1.04	0.12	0.08	0.65	1.16	(1.23)	2.26	(1.74)	10.22
APO	1.46	0.39	0.21	0.70	1.50	(1.65)	3.02	(2.35)	14.68
CG	1.52	0.30	0.16	1.29	1.50	(1.75)	4.10	(3.08)	15.08
BAM	1.11	0.22	0.13	2.41	1.54	(1.25)	3.03	(1.53)	10.69
ARES	1.33	0.23	0.12	0.81	1.70	(1.36)	3.12	(2.45)	10.01
BLK	0.85	0.13	0.13	0.38	0.83	(0.97)	1.85	(1.60)	6.38
OWL	1.69	0.34	0.16	1.62	1.85	(1.90)	3.76	(2.91)	15.84
BEN	1.26	0.08	0.04	0.20	1.70	(1.22)	2.76	(2.24)	9.55

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Global Star Correlations

Moving against Global Stock

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY