Graphjet Technology Correlations

GTI Stock

4.86 0.04 0.82%

The current 90-days correlation between Graphjet Technology and Compass Minerals International is 0.24 (i.e., Modest diversification). The correlation of Graphjet Technology 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.

Graphjet Technology Correlation With Market

Average diversification

The correlation between Graphjet Technology and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Graphjet Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Graphjet Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Graphjet Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more detail on how to invest in Graphjet Stock please use our How to Invest in Graphjet Technology guide.

Moving together with Graphjet Stock

0.83	PN	Skycorp Solar Group	Pair Corr
0.7	EXRO	Exro Technologies	Pair Corr
0.75	EGY	Energy Technologies	Pair Corr
0.8	ELPW	Elong Power Holding	Pair Corr
0.67	WATT	Energous	Pair Corr
0.85	ZEO	Zeo Energy Corp Tech Boost	Pair Corr

Moving against Graphjet Stock

0.83	002869	Shenzhen Genvict Tec	Pair Corr
0.8	300548	Broadex Technologies	Pair Corr
0.6	ELVA	Electrovaya Common Shares	Pair Corr
0.59	ELVA	Electrovaya	Pair Corr
0.55	AME	Ametek Inc Earnings Call This Week	Pair Corr
0.55	AYI	Acuity Brands	Pair Corr
0.55	ENS	Enersys	Pair Corr
0.32	FCEL	FuelCell Energy	Pair Corr
0.31	300407	Tianjin Keyvia Electric	Pair Corr
0.57	NVT	nVent Electric PLC Earnings Call This Week	Pair Corr
0.46	002249	Zhongshan Broad Ocean	Pair Corr
0.45	002121	Shenzhen Clou Electronics	Pair Corr
0.41	300708	Focus Lightings Tech Split	Pair Corr
0.39	NXT	Nextracker Class A Buyout Trend	Pair Corr
0.38	301131	Super-Dragon Engineering	Pair Corr

Related Correlations Analysis

	CMP	LAR	NEXA	NMG	ABAT	NB	SGML	ASM	IAUX	ODC
CMP		-0.25	-0.26	-0.17	-0.15	-0.34	-0.03	-0.43	-0.62	-0.67	CMP
LAR	-0.25		0.78	0.9	0.88	0.91	0.65	0.79	0.7	0.12	LAR
NEXA	-0.26	0.78		0.85	0.84	0.83	0.35	0.75	0.69	0.05	NEXA
NMG	-0.17	0.9	0.85		0.96	0.93	0.48	0.79	0.7	0.07	NMG
ABAT	-0.15	0.88	0.84	0.96		0.92	0.5	0.78	0.7	0.01	ABAT
NB	-0.34	0.91	0.83	0.93	0.92		0.5	0.87	0.82	0.21	NB
SGML	-0.03	0.65	0.35	0.48	0.5	0.5		0.56	0.46	0.03	SGML
ASM	-0.43	0.79	0.75	0.79	0.78	0.87	0.56		0.92	0.26	ASM
IAUX	-0.62	0.7	0.69	0.7	0.7	0.82	0.46	0.92		0.51	IAUX
ODC	-0.67	0.12	0.05	0.07	0.01	0.21	0.03	0.26	0.51		ODC
	CMP	LAR	NEXA	NMG	ABAT	NB	SGML	ASM	IAUX	ODC

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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

ABAT	+ 0.96	NMG
NB	+ 0.93	NMG
NB	+ 0.92	ABAT
IAUX	+ 0.92	ASM
NB	+ 0.91	LAR
NMG	+ 0.9	LAR

High negative correlations

ODC	- 0.67	CMP
IAUX	- 0.62	CMP
ASM	- 0.43	CMP
NB	- 0.34	CMP
NEXA	- 0.26	CMP
LAR	- 0.25	CMP

Risk-Adjusted Indicators

There is a big difference between Graphjet Stock performing well and Graphjet Technology 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 Graphjet Technology'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
CMP	1.82	(0.23)	0.00	(0.19)	0.00	0.00	3.28	(3.41)	14.23
LAR	4.89	0.70	0.15	0.61	4.41	(6.32)	11.63	(7.81)	45.48
NEXA	1.42	0.13	0.06	0.22	1.68	(1.62)	3.11	(3.23)	11.31
NMG	4.80	0.62	0.13	0.28	4.91	(6.70)	13.28	(7.76)	68.43
ABAT	7.86	1.08	0.14	0.27	9.15	(9.31)	22.89	(14.46)	73.24
NB	5.51	1.66	0.23	2.88	6.31	(6.12)	13.16	(13.18)	34.42
SGML	4.93	(0.19)	0.00	(0.05)	0.00	0.00	11.06	(8.51)	38.81
ASM	3.44	0.53	0.11	0.90	4.24	(3.90)	6.46	(6.20)	33.88
IAUX	3.12	0.66	0.18	0.95	3.02	(4.06)	7.81	(4.55)	20.44
ODC	1.53	0.03	(0.03)	(0.06)	1.93	(1.60)	2.32	(3.08)	13.03

Graphjet Technology Corporate Executives

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

	Ping Lee	Principal CFO	Profile
	Yu Liu	COO Officer	Profile

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