Grab Holdings Correlations
| GRABW Stock | USD 0.45 0.00 0.000002% |
The current 90-days correlation between Grab Holdings Limited and Grab Holdings is 0.69 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Grab Holdings Correlation With Market
Modest diversification
The correlation between Grab Holdings Limited and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grab Holdings Limited and DJI in the same portfolio, assuming nothing else is changed.
Grab |
Moving against Grab Stock
| 0.51 | WK | Workiva | PairCorr |
| 0.45 | BL | Blackline | PairCorr |
| 0.43 | VERB | Verb Technology Earnings Call This Week | PairCorr |
| 0.33 | DJCO | Daily Journal Corp | PairCorr |
| 0.42 | EGAN | eGain | PairCorr |
| 0.37 | FRGT | Freight Technologies | PairCorr |
| 0.36 | FICO | Fair Isaac | PairCorr |
| 0.36 | FSLY | Fastly Inc | PairCorr |
| 0.35 | BMR | Beamr Imaging | PairCorr |
| 0.32 | DMN | Damon Common Stock | PairCorr |
Related Correlations Analysis
| 0.46 | 0.37 | 0.09 | 0.0 | GRAB | ||
| 0.46 | 0.42 | 0.64 | 0.0 | EVGOW | ||
| 0.37 | 0.42 | 0.58 | 0.0 | IONQ-WT | ||
| 0.09 | 0.64 | 0.58 | 0.0 | BKKT-WT | ||
| 0.0 | 0.0 | 0.0 | 0.0 | PAYOW | ||
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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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GRAB | 2.52 | (0.04) | 0.00 | (0.12) | 0.00 | 4.82 | 23.32 | |||
| EVGOW | 6.71 | (1.67) | 0.00 | (1.29) | 0.00 | 14.29 | 33.11 | |||
| IONQ-WT | 10.56 | 0.57 | 0.04 | 0.28 | 13.39 | 31.61 | 86.97 | |||
| BKKT-WT | 8.62 | 0.16 | 0.01 | 0.00 | 9.88 | 17.50 | 76.47 | |||
| PAYOW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Grab Holdings Corporate Management
| Kenneth Lek | Head Finance | Profile | |
| Anthony Tan | Group CoFounder | Profile | |
| Christopher Betts | General Counsel | Profile | |
| Hooi Tan | CoFounder Director | Profile | |
| Suthen Paradatheth | Group Officer | Profile | |
| Philipp Kandal | Chief Officer | Profile | |
| Andrew Chan | Managing Transport | Profile |