BGC Correlations

BGC Stock   9.18  0.08  0.88%   
The current 90-days correlation between BGC Group and PJT Partners is 0.45 (i.e., Very weak diversification). The correlation of BGC 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.

BGC Correlation With Market

Good diversification

The correlation between BGC Group and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BGC Group and DJI in the same portfolio, assuming nothing else is changed.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BGC Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with BGC Stock

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Moving against BGC Stock

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  0.57JNJ Johnson JohnsonPairCorr
  0.55XOM Exxon Mobil CorpPairCorr
  0.46AXP American ExpressPairCorr
  0.41MRK Merck CompanyPairCorr
  0.39WMT WalmartPairCorr
  0.37BAC Bank of AmericaPairCorr
  0.36SHG Shinhan Financial Earnings Call This WeekPairCorr

Related Correlations Analysis


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

FSKVIRT
MCLAZ
ABVIRT
MCPJT
FSKAB
LAZPJT
  

High negative correlations

HUTVIRT
FSKHUT
ABHUT
HUTLAZ
ABASB
ABRJF

Risk-Adjusted Indicators

There is a big difference between BGC Stock performing well and BGC 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 BGC'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
PJT  1.21 (0.02) 0.00  0.09  0.00 
 2.94 
 7.20 
LAZ  1.44 (0.10) 0.00  0.84  0.00 
 3.06 
 7.85 
MC  1.46  0.01 (0.03) 0.01  1.56 
 3.22 
 8.51 
VIRT  1.11 (0.40) 0.00  11.36  0.00 
 1.58 
 5.79 
SNEX  1.74  0.14  0.02 (0.31) 3.36 
 3.98 
 18.01 
ASB  1.29 (0.05) 0.00  0.43  0.00 
 2.80 
 10.92 
RJF  1.05  0.03 (0.01)(0.77) 1.58 
 2.27 
 7.32 
HUT  4.03  1.43  0.26 (1.77) 4.01 
 9.36 
 24.51 
AB  0.89 (0.06) 0.00 (2.94) 0.00 
 2.22 
 4.91 
FSK  1.16 (0.53) 0.00  2.60  0.00 
 2.00 
 9.00 

BGC Corporate Management