Gorilla Technology Correlations

GRRR Stock

USD 6.09 1.06 21.07%

The current 90-days correlation between Gorilla Technology and Cerberus Cyber Sentinel is 0.04 (i.e., Significant diversification). The correlation of Gorilla Technology 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.

Gorilla Technology Correlation With Market

Weak diversification

The correlation between Gorilla Technology Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gorilla Technology Group 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 Gorilla Technology Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Gorilla Stock

0.74	S	SentinelOne	Pair Corr
0.66	JG	Aurora Mobile	Pair Corr
0.63	NN	Nextnav Acquisition Corp	Pair Corr
0.66	CETXP	Cemtrex Pref	Pair Corr
0.76	DBX	Dropbox	Pair Corr
0.67	GEN	Gen Digital	Pair Corr
0.71	IOT	Samsara	Pair Corr
0.73	NET	Cloudflare	Pair Corr
0.69	RPD	Rapid7 Inc	Pair Corr

Moving against Gorilla Stock

0.68	VHAI	VHAI	Pair Corr
0.59	VRAR	Glimpse Group	Pair Corr
0.59	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.31	MQ	Marqeta Potential Growth	Pair Corr
0.31	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.65	ZPTAW	Zapata Computing Holdings	Pair Corr
0.64	VHC	VirnetX Holding Corp	Pair Corr
0.6	TCX	Tucows Inc	Pair Corr
0.36	HPAI	Helport AI Limited	Pair Corr

Related Correlations Analysis

	CISO	TAOP	VHC	TCX	NTCT	CCSI	CSGS	ESMT	FORG	LVOX
CISO		-0.44	-0.8	-0.83	0.59	0.31	0.73	0.8	0.1	-0.09	CISO
TAOP	-0.44		0.74	0.59	-0.35	-0.45	-0.6	-0.34	-0.15	-0.31	TAOP
VHC	-0.8	0.74		0.86	-0.58	-0.48	-0.82	-0.68	-0.14	0.05	VHC
TCX	-0.83	0.59	0.86		-0.72	-0.47	-0.83	-0.84	-0.16	0.11	TCX
NTCT	0.59	-0.35	-0.58	-0.72		0.58	0.74	0.68	0.28	-0.14	NTCT
CCSI	0.31	-0.45	-0.48	-0.47	0.58		0.74	0.24	0.6	-0.02	CCSI
CSGS	0.73	-0.6	-0.82	-0.83	0.74	0.74		0.64	0.38	-0.08	CSGS
ESMT	0.8	-0.34	-0.68	-0.84	0.68	0.24	0.64		0.12	-0.11	ESMT
FORG	0.1	-0.15	-0.14	-0.16	0.28	0.6	0.38	0.12		0.12	FORG
LVOX	-0.09	-0.31	0.05	0.11	-0.14	-0.02	-0.08	-0.11	0.12		LVOX
	CISO	TAOP	VHC	TCX	NTCT	CCSI	CSGS	ESMT	FORG	LVOX

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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

TCX	+ 0.86	VHC
ESMT	+ 0.8	CISO
VHC	+ 0.74	TAOP
CSGS	+ 0.74	NTCT
CSGS	+ 0.74	CCSI
CSGS	+ 0.73	CISO

High negative correlations

ESMT	- 0.84	TCX
CSGS	- 0.83	TCX
TCX	- 0.83	CISO
CSGS	- 0.82	VHC
VHC	- 0.8	CISO
NTCT	- 0.72	TCX

Risk-Adjusted Indicators

There is a big difference between Gorilla Stock performing well and Gorilla Technology 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 Gorilla Technology'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
CISO	5.61	1.41	0.22	1.23	5.23	(6.96)	15.56	(9.37)	44.20
TAOP	5.06	(0.69)	0.00	(0.45)	0.00	0.00	12.50	(8.97)	43.55
VHC	1.96	(0.47)	0.00	(0.97)	0.00	0.00	3.88	(5.71)	14.02
TCX	2.22	(0.41)	0.00	(0.28)	0.00	0.00	4.44	(5.42)	15.56
NTCT	1.45	(0.16)	(0.03)	0.04	1.76	(1.54)	3.23	(2.84)	10.35
CCSI	2.10	(0.12)	0.01	0.07	2.43	(2.32)	4.16	(3.62)	20.68
CSGS	1.18	0.11	0.09	0.25	0.89	(1.44)	2.65	(1.69)	10.94
ESMT	1.57	0.10	(0.01)	1.26	1.90	(1.59)	3.90	(2.93)	9.34
FORG	0.78	(0.02)	0.00	2.81	0.00	0.00	1.78	(1.49)	6.71
LVOX	2.06	0.04	0.00	0.06	0.00	0.00	4.81	(4.26)	19.68

Gorilla Technology Corporate Management

Jayesh Chandan	CEO Chairman	Profile
Bruce Bower	Interim Officer	Profile
JiannCherng Luo	Senior Technology	Profile
FengShiuh Song	Senior Success	Profile
Mohan Kumar	Global Alliance	Profile
Rajesh Natarajan	Chief Officer	Profile
M Qureshi	Executive Operations	Profile

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