GPAC Old Correlations

Summary

The current 90-days correlation between GPAC Old and Seaport Global Acquisition is 0.06 (i.e., Significant diversification). The correlation of GPAC Old 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.

GPAC Old Correlation With Market

Significant diversification

The correlation between GPAC Old and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GPAC Old 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Related Correlations Analysis

	SGII	CPAA	JGGC	ADOC	HCVI	GENQ	OPA	DTOC	ITAQ	LGVC
SGII		0.95	0.53	0.91	0.46	0.15	0.83	0.82	0.7	0.11	SGII
CPAA	0.95		0.47	0.87	0.53	0.27	0.83	0.79	0.66	0.07	CPAA
JGGC	0.53	0.47		0.47	0.2	0.04	0.42	0.39	0.37	0.1	JGGC
ADOC	0.91	0.87	0.47		0.49	0.06	0.76	0.82	0.8	0.07	ADOC
HCVI	0.46	0.53	0.2	0.49		0.2	0.39	0.32	0.49	-0.03	HCVI
GENQ	0.15	0.27	0.04	0.06	0.2		0.13	0.05	0.02	0.0	GENQ
OPA	0.83	0.83	0.42	0.76	0.39	0.13		0.65	0.55	0.01	OPA
DTOC	0.82	0.79	0.39	0.82	0.32	0.05	0.65		0.68	0.26	DTOC
ITAQ	0.7	0.66	0.37	0.8	0.49	0.02	0.55	0.68		0.12	ITAQ
LGVC	0.11	0.07	0.1	0.07	-0.03	0.0	0.01	0.26	0.12		LGVC
	SGII	CPAA	JGGC	ADOC	HCVI	GENQ	OPA	DTOC	ITAQ	LGVC

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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

CPAA	+ 0.95	SGII
ADOC	+ 0.91	SGII
ADOC	+ 0.87	CPAA
OPA	+ 0.83	SGII
OPA	+ 0.83	CPAA
DTOC	+ 0.82	SGII

High negative correlations

LGVC	- 0.03	HCVI
LGVC	- 0.0	GENQ

Risk-Adjusted Indicators

There is a big difference between GPAC Stock performing well and GPAC Old 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 GPAC Old'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
SGII	0.07	0.03	0.00	0.75	0.00	0.00	0.29	0.00	0.68
CPAA	0.07	0.01	(0.05)	(1.88)	0.00	(0.12)	0.20	(0.10)	0.30
JGGC	0.25	0.02	0.01	(0.18)	0.73	(0.35)	0.29	(0.19)	9.72
ADOC	0.20	0.06	0.10	(3.36)	0.00	(0.45)	0.64	(0.28)	1.45
HCVI	0.09	(0.02)	0.00	(1.58)	0.00	0.00	0.19	(0.28)	1.31
GENQ	0.23	(0.06)	0.00	0.68	0.00	0.00	0.28	(0.83)	2.46
OPA	0.23	0.03	0.02	(0.44)	0.36	(0.40)	0.58	(0.29)	4.86
DTOC	0.14	0.03	0.04	1.90	0.00	(0.40)	0.58	(0.20)	1.65
ITAQ	0.18	0.02	0.02	(0.40)	0.11	(0.46)	0.67	(0.47)	2.30
LGVC	0.37	0.00	(0.01)	0.07	0.73	(0.68)	0.67	(0.66)	9.80

Delisting Warning - GPAC

GPAC Old was delisted

The entity GPAC Old with a symbol GPAC was delisted from NASDAQ Exchange. Please try Stardust Power with a symbol SDST from now on. Check all delisted instruments accross multiple markets.

Still Interested in GPAC Old?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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