BGC Correlations

BGC Stock   9.18  0.08  0.88%   
The current 90-days correlation between BGC Group and Mitsui Chemicals ADR is -0.02 (i.e., Good 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

Very weak diversification

The correlation between BGC Group and DJI is 0.42 (i.e., Very weak 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 signals in rate.

Moving together with BGC Stock

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  0.66CENTRUM Centrum CapitalPairCorr
  0.66LAZ LazardPairCorr
  0.63MRX Marex Group plcPairCorr

Moving against BGC Stock

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  0.79INDOTHAI Indo Thai Securities Earnings Call This WeekPairCorr
  0.67INDBANK Indbank Merchant Banking Earnings Call This WeekPairCorr
  0.65GEOJITFSL Geojit Financial ServicesPairCorr
  0.49MS Morgan StanleyPairCorr
  0.49MFF MFF Capital InvestmentsPairCorr
  0.46GS Goldman Sachs GroupPairCorr
  0.4SUMMITSEC Summit Securities Earnings Call This WeekPairCorr
  0.35CF Canaccord GenuityPairCorr
  0.32KEYFINSERV Keynote FinancialPairCorr
  0.79HIVE HIVE Digital TechnologiesPairCorr
  0.55DELPHIFX DELPHI WORLD MONEYPairCorr
  0.44PRIMESECU Prime Securities Earnings Call This WeekPairCorr
  0.44WTF Waton FinancialPairCorr
  0.44601059 Cinda SecuritiesPairCorr
  0.37SRL Scully RoyaltyPairCorr

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

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High negative correlations

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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.

BGC Corporate Management