Graphjet Technology Correlations

GTI Stock

0.09 0.01 12.12%

The current 90-days correlation between Graphjet Technology and Pintec Technology Holdings is -0.05 (i.e., Good diversification). The correlation of Graphjet 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.

Graphjet Technology Correlation With Market

Good diversification

The correlation between Graphjet Technology and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphjet Technology 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 Graphjet Technology. 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.

For more detail on how to invest in Graphjet Stock please use our How to Invest in Graphjet Technology guide.

Moving together with Graphjet Stock

0.72	ELBM	Electra Battery Materials	Pair Corr
0.61	FMST	Foremost Lithium Resource	Pair Corr
0.7	GRO	Brazil Potash Corp	Pair Corr
0.82	IPX	IperionX Limited American	Pair Corr
0.64	LAR	Lithium Argentina Symbol Change	Pair Corr
0.77	LZM	Lifezone Metals	Pair Corr
0.73	PLL	Piedmont Lithium	Pair Corr
0.73	NEXA	Nexa Resources SA	Pair Corr

Moving against Graphjet Stock

0.71	MP	MP Materials Corp	Pair Corr
0.61	VZLA	Vizsla Resources Corp	Pair Corr
0.61	RIO	Rio Tinto ADR	Pair Corr
0.59	VALE	Vale SA ADR	Pair Corr
0.58	TMQ	Trilogy Metals	Pair Corr
0.57	TMC	TMC the metals Earnings Call Tomorrow	Pair Corr
0.47	SKE	Skeena Resources	Pair Corr
0.44	NB	NioCorp Developments	Pair Corr
0.42	NAK	Northern Dynasty Minerals	Pair Corr
0.38	EMX	EMX Royalty Corp	Pair Corr
0.71	AU	AngloGold Ashanti plc	Pair Corr
0.67	USARW	USARW Symbol Change	Pair Corr
0.67	USAS	Americas Silver Corp Earnings Call This Week	Pair Corr
0.67	X	United States Steel	Pair Corr
0.56	TMCWW	TMC the metals	Pair Corr
0.54	NIOBW	NioCorp Developments	Pair Corr
0.33	XPL	Solitario Exploration	Pair Corr

Related Correlations Analysis

	PLYA	MYPS	KEY-PI	PLNT	PT	ALDF	ANPDY
PLYA		-0.66	0.68	-0.18	0.56	0.75	0.52	PLYA
MYPS	-0.66		-0.67	0.41	-0.38	-0.84	-0.83	MYPS
KEY-PI	0.68	-0.67		-0.09	0.52	0.78	0.6	KEY-PI
PLNT	-0.18	0.41	-0.09		-0.1	-0.37	-0.42	PLNT
PT	0.56	-0.38	0.52	-0.1		0.52	0.28	PT
ALDF	0.75	-0.84	0.78	-0.37	0.52		0.85	ALDF
ANPDY	0.52	-0.83	0.6	-0.42	0.28	0.85		ANPDY
	PLYA	MYPS	KEY-PI	PLNT	PT	ALDF	ANPDY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ANPDY	+ 0.85	ALDF
ALDF	+ 0.78	KEY-PI
ALDF	+ 0.75	PLYA
KEY-PI	+ 0.68	PLYA
ANPDY	+ 0.6	KEY-PI
PT	+ 0.56	PLYA

High negative correlations

ALDF	- 0.84	MYPS
ANPDY	- 0.83	MYPS
KEY-PI	- 0.67	MYPS
MYPS	- 0.66	PLYA
ANPDY	- 0.42	PLNT
PT	- 0.38	MYPS

Risk-Adjusted Indicators

There is a big difference between Graphjet Stock performing well and Graphjet 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 Graphjet 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
PLYA	1.26	0.51	0.41	0.66	0.62	(1.62)	2.32	(1.53)	31.78
MYPS	2.93	(0.57)	0.00	(0.38)	0.00	0.00	5.65	(5.91)	20.72
KEY-PI	0.57	0.08	0.18	0.38	0.69	(0.59)	1.31	(1.05)	3.97
PLNT	1.49	0.04	0.03	0.01	2.27	(1.56)	3.05	(2.80)	12.63
PT	1.77	0.20	0.11	1.86	1.74	(2.54)	4.21	(3.06)	12.18
ALDF	0.09	0.02	0.57	5.66	0.00	(0.16)	0.20	(0.10)	0.50
ANPDY	1.81	0.18	0.08	0.44	2.54	(1.69)	3.16	(4.23)	10.38

Graphjet Technology Corporate Executives

Elected by the shareholders, the Graphjet Technology's board of directors comprises two types of representatives: Graphjet Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Graphjet. The board's role is to monitor Graphjet Technology's management team and ensure that shareholders' interests are well served. Graphjet Technology's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Graphjet Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Ping Lee	Principal CFO	Profile
	Yu Liu	COO Officer	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