Alta Global Correlations

MMA Stock

0.97 0.03 3.19%

The current 90-days correlation between Alta Global Group and Skillful Craftsman Education is 0.14 (i.e., Average diversification). The correlation of Alta Global 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.

Alta Global Correlation With Market

Modest diversification

The correlation between Alta Global Group 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 Alta Global Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Alta Global 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 population.

Moving together with Alta Stock

0.63	DHIL	Diamond Hill Investment	Pair Corr
0.79	BX	Blackstone Group Normal Trading	Pair Corr
0.67	CG	Carlyle Group Normal Trading	Pair Corr
0.87	LC	LendingClub Corp Sell-off Trend	Pair Corr
0.63	MC	Moelis	Pair Corr
0.66	RC	Ready Capital Corp	Pair Corr
0.61	SF	Stifel Financial	Pair Corr
0.74	WD	Walker Dunlop	Pair Corr
0.82	WT	WisdomTree	Pair Corr
0.92	VRTS	Virtus Investment	Pair Corr
0.75	EMCGW	Embrace Change Acqui	Pair Corr

Moving against Alta Stock

0.88	DX	Dynex Capital	Pair Corr
0.8	LU	Lufax Holding	Pair Corr
0.79	DB	Deutsche Bank AG	Pair Corr
0.79	LX	Lexinfintech Holdings	Pair Corr
0.62	V	Visa Class A	Pair Corr
0.43	AC	Associated Capital	Pair Corr
0.42	MA	Mastercard Sell-off Trend	Pair Corr
0.42	PT	Pintec Technology	Pair Corr
0.86	EMCG	Embrace Change Acqui	Pair Corr
0.8	XP	Xp Inc	Pair Corr
0.8	DYCQ	DT Cloud Acquisition	Pair Corr
0.77	DMYY	dMY Squared Technology	Pair Corr
0.76	EMCGU	Embrace Change Acqui	Pair Corr
0.75	DOMH	Dominari Holdings	Pair Corr
0.5	WU	Western Union	Pair Corr
0.46	GCMGW	GCM Grosvenor	Pair Corr

Related Correlations Analysis

	WETO	EDTK	GFS	COE	SNCY	ASML	IH
WETO		0.23	0.46	0.38	0.27	0.41	-0.27	WETO
EDTK	0.23		0.29	-0.03	0.15	0.39	-0.15	EDTK
GFS	0.46	0.29		-0.19	0.5	0.35	-0.59	GFS
COE	0.38	-0.03	-0.19		-0.04	0.29	0.22	COE
SNCY	0.27	0.15	0.5	-0.04		0.47	-0.7	SNCY
ASML	0.41	0.39	0.35	0.29	0.47		-0.2	ASML
IH	-0.27	-0.15	-0.59	0.22	-0.7	-0.2		IH
	WETO	EDTK	GFS	COE	SNCY	ASML	IH

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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

SNCY	+ 0.5	GFS
ASML	+ 0.47	SNCY
GFS	+ 0.46	WETO
ASML	+ 0.41	WETO
ASML	+ 0.39	EDTK
COE	+ 0.38	WETO

High negative correlations

IH	- 0.7	SNCY
IH	- 0.59	GFS
IH	- 0.27	WETO
IH	- 0.2	ASML
COE	- 0.19	GFS
IH	- 0.15	EDTK

Risk-Adjusted Indicators

There is a big difference between Alta Stock performing well and Alta Global 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 Alta Global'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
WETO	2.67	(0.06)	0.00	(0.25)	0.00	0.00	5.56	(10.00)	10.00
EDTK	2.32	0.05	0.04	(2.09)	2.70	(2.96)	5.10	(3.88)	14.10
GFS	1.89	(0.13)	0.00	(0.23)	0.00	0.00	5.30	(4.87)	14.87
COE	2.90	0.36	0.11	(1.44)	3.37	(3.84)	7.89	(5.27)	23.94
SNCY	2.13	(0.18)	0.00	(0.26)	0.00	0.00	4.85	(4.19)	15.02
ASML	1.79	0.07	0.03	0.01	2.49	(1.88)	3.42	(3.37)	14.29
IH	3.12	0.82	0.19	(1.69)	3.77	(3.64)	9.49	(4.07)	34.80

Alta Global Corporate Executives

Elected by the shareholders, the Alta Global's board of directors comprises two types of representatives: Alta Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alta. The board's role is to monitor Alta Global's management team and ensure that shareholders' interests are well served. Alta Global'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, Alta Global's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Fleet

Cofounder CTO

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