Grab Holdings Correlations

GRAB Stock

USD 5.18 0.03 0.58%

The current 90-days correlation between Grab Holdings and LYFT Inc is -0.04 (i.e., Good diversification). The correlation of Grab Holdings 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.

Grab Holdings Correlation With Market

Good diversification

The correlation between Grab Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grab Holdings 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 Grab Holdings. 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.

For information on how to trade Grab Stock refer to our How to Trade Grab Stock guide.

Moving together with Grab Stock

0.79	DJCO	Daily Journal Corp	Pair Corr
0.83	AI	C3 Ai Inc Earnings Call This Week	Pair Corr
0.8	BL	Blackline	Pair Corr
0.68	EB	Eventbrite Class A	Pair Corr
0.84	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.84	ML	MoneyLion	Pair Corr
0.85	WK	Workiva	Pair Corr
0.84	ZM	Zoom Video Communications	Pair Corr
0.86	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.79	DOMO	Domo Inc Earnings Call Today	Pair Corr
0.9	VERX	Vertex	Pair Corr
0.88	DSGX	Descartes Systems Earnings Call This Week	Pair Corr
0.84	DUOL	Duolingo	Pair Corr
0.83	DUOT	Duos Technologies	Pair Corr
0.72	VMEO	Vimeo Inc	Pair Corr
0.87	EGHT	8x8 Common Stock	Pair Corr
0.84	ENFN	Enfusion	Pair Corr

Moving against Grab Stock

0.63	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.31	DMAN	Innovativ Media Group	Pair Corr
0.76	XELAP	Exela Technologies Earnings Call Today	Pair Corr
0.73	EVOL	Evolving Systems	Pair Corr
0.7	ETWO	E2open Parent Holdings	Pair Corr
0.66	VTEX	VTEX	Pair Corr
0.66	SBIGW	SpringBig Holdings	Pair Corr
0.6	EZFL	EzFill Holdings	Pair Corr
0.55	ELCO	Elcom International	Pair Corr
0.54	ILLRW	Triller Group Symbol Change	Pair Corr
0.38	WALDW	Waldencast Acquisition	Pair Corr

Related Correlations Analysis

	LYFT	KC	HKD	UBER	ZM	SNOW	WDAY	AI	SHOP	DDOG
LYFT		0.8	-0.13	-0.11	0.91	0.67	0.47	0.75	0.9	0.72	LYFT
KC	0.8		0.07	-0.23	0.8	0.83	0.46	0.87	0.86	0.82	KC
HKD	-0.13	0.07		0.54	-0.23	-0.11	-0.59	-0.03	-0.06	0.15	HKD
UBER	-0.11	-0.23	0.54		-0.23	-0.12	-0.6	-0.02	-0.14	0.16	UBER
ZM	0.91	0.8	-0.23	-0.23		0.73	0.56	0.78	0.84	0.75	ZM
SNOW	0.67	0.83	-0.11	-0.12	0.73		0.53	0.93	0.78	0.88	SNOW
WDAY	0.47	0.46	-0.59	-0.6	0.56	0.53		0.41	0.53	0.24	WDAY
AI	0.75	0.87	-0.03	-0.02	0.78	0.93	0.41		0.81	0.94	AI
SHOP	0.9	0.86	-0.06	-0.14	0.84	0.78	0.53	0.81		0.78	SHOP
DDOG	0.72	0.82	0.15	0.16	0.75	0.88	0.24	0.94	0.78		DDOG
	LYFT	KC	HKD	UBER	ZM	SNOW	WDAY	AI	SHOP	DDOG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

DDOG	+ 0.94	AI
AI	+ 0.93	SNOW
ZM	+ 0.91	LYFT
SHOP	+ 0.9	LYFT
DDOG	+ 0.88	SNOW
AI	+ 0.87	KC

High negative correlations

WDAY	- 0.6	UBER
WDAY	- 0.59	HKD
ZM	- 0.23	UBER
ZM	- 0.23	HKD
UBER	- 0.23	KC
SHOP	- 0.14	UBER

Risk-Adjusted Indicators

There is a big difference between Grab Stock performing well and Grab Holdings 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 Grab Holdings' 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
LYFT	2.51	0.50	0.24	0.47	1.86	(3.05)	6.03	(3.31)	27.37
KC	6.71	1.23	0.22	0.47	6.17	(8.49)	19.49	(14.06)	53.75
HKD	4.50	0.21	0.02	1.28	5.33	(5.37)	13.01	(8.70)	49.98
UBER	1.62	(0.13)	(0.05)	0.00	2.26	(1.79)	2.69	(2.53)	20.10
ZM	1.46	0.13	0.06	0.25	1.78	(1.51)	2.97	(2.83)	7.89
SNOW	2.10	0.40	0.24	0.31	1.62	(2.38)	4.20	(3.40)	34.99
WDAY	1.17	(0.04)	(0.04)	0.07	1.41	(1.24)	2.45	(1.91)	8.82
AI	2.55	0.46	0.18	0.37	2.33	(2.78)	6.94	(5.04)	26.01
SHOP	1.97	0.51	0.26	0.54	1.58	(2.35)	4.91	(2.68)	26.26
DDOG	1.69	0.32	0.17	0.45	1.64	(1.98)	4.39	(2.63)	8.50

Grab Holdings Corporate Management

Kenneth Lek	Head Finance	Profile
Alexander Hungate	Chief Officer	Profile
Peter Oey	Chief Officer	Profile
MingHokng Maa	Executive Officer	Profile
Christopher Betts	General Counsel	Profile
Vivian Tong	Head Relations	Profile

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