Global Engine Correlations

GLE Stock

0.56 0.10 21.74%

The current 90-days correlation between Global Engine Group and The GrowHub Limited is -0.07 (i.e., Good diversification). The correlation of Global Engine 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.

Global Engine Correlation With Market

Average diversification

The correlation between Global Engine Group and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Engine Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Global Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Engine 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 industry.

Moving together with Global Stock

0.89	KD	Kyndryl Holdings	Pair Corr
0.83	DUG	DUG Technology	Pair Corr
0.73	DOX	Amdocs	Pair Corr
0.63	300608	SI TECH Information	Pair Corr
0.79	MASK	3 E Network	Pair Corr
0.94	002987	Northking Information	Pair Corr
0.86	301236	iSoftStone Information	Pair Corr
0.74	300846	Capitalonline Data	Pair Corr
0.8	RIME	Algorhythm Holdings,	Pair Corr
0.89	TDTH	Trident Digital Tech	Pair Corr
0.9	CRCL	Circle Internet Group,	Pair Corr
0.74	301178	Guangdong TianYiMa	Pair Corr
0.63	CYCU	Cycurion, Symbol Change	Pair Corr

Moving against Global Stock

0.75	300588	Xinjiang Sailing Inf	Pair Corr
0.69	300605	HengFeng Information	Pair Corr
0.66	IBM	International Business	Pair Corr
0.6	ACN	Accenture plc	Pair Corr
0.6	INFY	Infosys Ltd ADR Downward Rally	Pair Corr
0.59	DM	Datametrex AI	Pair Corr
0.88	300300	Strait Innovation	Pair Corr
0.66	HYMTF	Hyundai Motor	Pair Corr
0.6	KB	KB Financial Group	Pair Corr
0.51	PKX	POSCO Holdings	Pair Corr
0.48	000555	Digital China Information	Pair Corr
0.46	FINN	First National	Pair Corr
0.38	UBXG	U BX Technology	Pair Corr

Related Correlations Analysis

	TGHL	CXAI	BLIN	TAIT	STEC	AMST	DTSS	ARBB	GIGM	IPM
TGHL		0.8	0.77	0.75	0.8	0.6	0.81	0.6	0.86	0.73	TGHL
CXAI	0.8		0.95	0.93	0.71	0.91	0.92	0.35	0.74	0.81	CXAI
BLIN	0.77	0.95		0.91	0.67	0.9	0.91	0.39	0.74	0.77	BLIN
TAIT	0.75	0.93	0.91		0.6	0.91	0.95	0.32	0.77	0.79	TAIT
STEC	0.8	0.71	0.67	0.6		0.51	0.64	0.4	0.63	0.62	STEC
AMST	0.6	0.91	0.9	0.91	0.51		0.87	0.21	0.64	0.74	AMST
DTSS	0.81	0.92	0.91	0.95	0.64	0.87		0.45	0.84	0.8	DTSS
ARBB	0.6	0.35	0.39	0.32	0.4	0.21	0.45		0.59	0.13	ARBB
GIGM	0.86	0.74	0.74	0.77	0.63	0.64	0.84	0.59		0.72	GIGM
IPM	0.73	0.81	0.77	0.79	0.62	0.74	0.8	0.13	0.72		IPM
	TGHL	CXAI	BLIN	TAIT	STEC	AMST	DTSS	ARBB	GIGM	IPM

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Risk-Adjusted Indicators

There is a big difference between Global Stock performing well and Global Engine 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 Global Engine'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
TGHL	5.34	(1.95)	0.00	(4.08)	0.00	0.00	11.11	(13.41)	58.63
CXAI	4.65	(1.03)	0.00	(0.29)	0.00	0.00	10.00	(11.32)	36.84
BLIN	2.45	(0.54)	0.00	(0.24)	0.00	0.00	3.79	(6.80)	24.95
TAIT	3.53	(0.95)	0.00	(0.33)	0.00	0.00	4.76	(6.78)	52.10
STEC	4.90	(0.65)	0.00	(0.20)	0.00	0.00	8.53	(9.37)	48.33
AMST	3.12	(0.34)	0.00	(0.10)	0.00	0.00	5.52	(5.19)	20.13
DTSS	3.54	(1.31)	0.00	(0.53)	0.00	0.00	5.00	(10.00)	27.84
ARBB	8.26	1.20	0.13	2.05	8.28	(10.30)	22.45	(17.27)	82.13
GIGM	1.63	(0.26)	0.00	0.84	0.00	0.00	3.31	(3.01)	10.99
IPM	1.96	(0.48)	0.00	(1.23)	0.00	0.00	3.45	(5.00)	13.88

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