GCM Grosvenor Correlations
| GCMGW Stock | USD 0.27 0.15 35.71% |
The current 90-days correlation between GCM Grosvenor and Eos Energy Enterprises is -0.1 (i.e., Good diversification). The correlation of GCM Grosvenor 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. If the correlation is 0, the equities are not correlated; they are entirely random.
GCM Grosvenor Correlation With Market
Significant diversification
The correlation between GCM Grosvenor and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GCM Grosvenor and DJI in the same portfolio, assuming nothing else is changed.
Moving together with GCM Stock
| 0.64 | RITM | Rithm Capital Corp | PairCorr |
| 0.67 | AAMI | Acadian Asset Management Symbol Change | PairCorr |
| 0.67 | MBI | MBIA Inc | PairCorr |
| 0.66 | SSL | Sasol | PairCorr |
Moving against GCM Stock
| 0.63 | NCPL | Netcapital | PairCorr |
| 0.57 | BKLRF | Berkeley Energy | PairCorr |
| 0.38 | LNDNF | Lundin Energy AB | PairCorr |
| 0.35 | HRZN | Horizon Technology | PairCorr |
| 0.63 | JBSAY | JBS SA | PairCorr |
| 0.49 | KIRK | KIRK Old Symbol Change | PairCorr |
| 0.4 | WSNAF | Wesana Health Holdings | PairCorr |
Related Correlations Analysis
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