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.

Build AI portfolio with BGC Stock

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

0.65	VFSWW	VinFast Auto	Pair Corr
0.61	PG	Procter Gamble Earnings Call This Week	Pair Corr

Moving against BGC Stock

0.77	IBM	International Business Earnings Call This Week	Pair Corr
0.76	INTC	Intel	Pair Corr
0.65	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.57	JNJ	Johnson Johnson	Pair Corr
0.55	XOM	Exxon Mobil Corp	Pair Corr
0.46	AXP	American Express	Pair Corr
0.41	MRK	Merck Company	Pair Corr
0.39	WMT	Walmart	Pair Corr
0.37	BAC	Bank of America	Pair Corr
0.36	SHG	Shinhan Financial Earnings Call This Week	Pair Corr

Related Correlations Analysis

	PJT	LAZ	MC	VIRT	SNEX	ASB	RJF	HUT	AB	FSK
PJT		0.64	0.76	0.23	-0.3	0.21	0.49	-0.31	0.19	0.35	PJT
LAZ	0.64		0.84	0.36	0.0	0.56	0.52	-0.43	0.04	0.21	LAZ
MC	0.76	0.84		0.18	-0.24	0.32	0.64	-0.29	-0.05	0.07	MC
VIRT	0.23	0.36	0.18		-0.3	-0.29	-0.17	-0.94	0.77	0.86	VIRT
SNEX	-0.3	0.0	-0.24	-0.3		0.53	0.1	0.4	-0.33	-0.29	SNEX
ASB	0.21	0.56	0.32	-0.29	0.53		0.43	0.27	-0.41	-0.26	ASB
RJF	0.49	0.52	0.64	-0.17	0.1	0.43		0.05	-0.38	-0.19	RJF
HUT	-0.31	-0.43	-0.29	-0.94	0.4	0.27	0.05		-0.62	-0.79	HUT
AB	0.19	0.04	-0.05	0.77	-0.33	-0.41	-0.38	-0.62		0.76	AB
FSK	0.35	0.21	0.07	0.86	-0.29	-0.26	-0.19	-0.79	0.76		FSK
	PJT	LAZ	MC	VIRT	SNEX	ASB	RJF	HUT	AB	FSK

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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

FSK	+ 0.86	VIRT
MC	+ 0.84	LAZ
AB	+ 0.77	VIRT
MC	+ 0.76	PJT
FSK	+ 0.76	AB
LAZ	+ 0.64	PJT

High negative correlations

HUT	- 0.94	VIRT
FSK	- 0.79	HUT
AB	- 0.62	HUT
HUT	- 0.43	LAZ
AB	- 0.41	ASB
AB	- 0.38	RJF

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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PJT	1.21	(0.02)	0.00	0.09	0.00	0.00	2.94	(2.13)	7.20
LAZ	1.44	(0.10)	0.00	0.84	0.00	0.00	3.06	(2.53)	7.85
MC	1.46	0.01	(0.03)	0.01	1.56	(1.83)	3.22	(3.05)	8.51
VIRT	1.11	(0.40)	0.00	11.36	0.00	0.00	1.58	(3.69)	5.79
SNEX	1.74	0.14	0.02	(0.31)	3.36	(1.62)	3.98	(3.31)	18.01
ASB	1.29	(0.05)	0.00	0.43	0.00	0.00	2.80	(2.61)	10.92
RJF	1.05	0.03	(0.01)	(0.77)	1.58	(0.99)	2.27	(2.45)	7.32
HUT	4.03	1.43	0.26	(1.77)	4.01	(4.44)	9.36	(7.44)	24.51
AB	0.89	(0.06)	0.00	(2.94)	0.00	0.00	2.22	(1.67)	4.91
FSK	1.16	(0.53)	0.00	2.60	0.00	0.00	2.00	(2.90)	9.00

BGC Corporate Management

Steven Sadoff	Chief Officer	Profile
Jason Angrisani	Senior Officer	Profile
JeanPierre Aubin	CoChief Officer	Profile
Karen LaureanoRikardsen	Chief Officer	Profile
Stephen Merkel	Exec Counsel	Profile
John Battaglia	Senior Markets	Profile

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