GigaCloud Technology Correlations

GCT Stock

USD 17.56 0.86 4.67%

The current 90-days correlation between GigaCloud Technology and Arqit Quantum is 0.2 (i.e., Modest diversification). The correlation of GigaCloud 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. If the correlation is 0, the equities are not correlated; they are entirely random.

GigaCloud Technology Correlation With Market

Very weak diversification

The correlation between GigaCloud Technology Class and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GigaCloud Technology Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with GigaCloud Stock

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

Moving together with GigaCloud Stock

0.88	FL	Foot Locker	Pair Corr
0.63	HD	Home Depot	Pair Corr
0.83	JL	J Long Group	Pair Corr
0.74	VSCO	Victorias Secret	Pair Corr
0.82	EBAY	eBay Inc	Pair Corr
0.68	EPSM	Epsium Enterprise	Pair Corr
0.77	WEYS	Weyco Group	Pair Corr
0.72	ETSY	Etsy Inc	Pair Corr
0.68	ABG	Asbury Automotive	Pair Corr
0.65	BBY	Best Buy	Pair Corr
0.92	EYE	National Vision Holdings	Pair Corr
0.64	GAP	Gap, Symbol Change	Pair Corr
0.78	GCO	Genesco Downward Rally	Pair Corr
0.62	GES	Guess Inc	Pair Corr
0.84	GPC	Genuine Parts	Pair Corr
0.68	TLF	Tandy Leather Factory	Pair Corr
0.8	MELI	MercadoLibre	Pair Corr
0.61	SPWH	Sportsmans	Pair Corr
0.93	BOOT	Boot Barn Holdings	Pair Corr

Moving against GigaCloud Stock

0.68	JFBR	Jeffs Brands	Pair Corr
0.61	DIT	AMCON Distributing	Pair Corr
0.48	HTLM	HomesToLife	Pair Corr
0.35	BGI	Birks Group	Pair Corr
0.68	SG	Sweetgreen	Pair Corr
0.58	EEIQ	Elite Education Group	Pair Corr
0.56	VSTA	Vasta Platform	Pair Corr
0.56	WLDS	Wearable Devices	Pair Corr
0.54	EDTK	Skillful Craftsman	Pair Corr

Related Correlations Analysis

	ARQQ	IRNT	TLS	CETX	ALAR	STEM	PGY	PANW	PATH	NTNX
ARQQ		0.0	0.35	-0.3	0.83	0.32	0.85	0.72	0.57	0.51	ARQQ
IRNT	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IRNT
TLS	0.35	0.0		-0.04	0.4	0.41	0.34	0.55	0.36	0.37	TLS
CETX	-0.3	0.0	-0.04		-0.36	0.09	-0.3	-0.06	-0.06	0.29	CETX
ALAR	0.83	0.0	0.4	-0.36		0.33	0.75	0.63	0.49	0.3	ALAR
STEM	0.32	0.0	0.41	0.09	0.33		0.62	0.72	0.85	0.67	STEM
PGY	0.85	0.0	0.34	-0.3	0.75	0.62		0.85	0.85	0.71	PGY
PANW	0.72	0.0	0.55	-0.06	0.63	0.72	0.85		0.87	0.75	PANW
PATH	0.57	0.0	0.36	-0.06	0.49	0.85	0.85	0.87		0.78	PATH
NTNX	0.51	0.0	0.37	0.29	0.3	0.67	0.71	0.75	0.78		NTNX
	ARQQ	IRNT	TLS	CETX	ALAR	STEM	PGY	PANW	PATH	NTNX

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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

PATH	+ 0.87	PANW
PGY	+ 0.85	ARQQ
PATH	+ 0.85	STEM
PANW	+ 0.85	PGY
PATH	+ 0.85	PGY
ALAR	+ 0.83	ARQQ

High negative correlations

ALAR	- 0.36	CETX
PGY	- 0.3	CETX
CETX	- 0.3	ARQQ
PATH	- 0.06	CETX
PANW	- 0.06	CETX
CETX	- 0.04	TLS

Risk-Adjusted Indicators

There is a big difference between GigaCloud Stock performing well and GigaCloud 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 GigaCloud 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
ARQQ	6.25	1.36	0.23	0.84	5.39	(7.42)	22.06	(8.94)	42.33
IRNT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TLS	2.80	0.02	0.00	(0.01)	4.29	(3.09)	6.36	(4.73)	34.43
CETX	5.26	(0.25)	0.00	(0.17)	0.00	0.00	12.61	(10.37)	75.08
ALAR	4.86	0.91	0.17	0.61	5.01	(5.91)	10.33	(9.00)	45.89
STEM	5.18	(0.08)	0.00	(0.09)	0.00	0.00	9.62	(10.06)	49.14
PGY	3.82	0.86	0.19	0.47	4.02	(4.19)	8.68	(6.80)	30.06
PANW	1.77	0.12	0.04	0.11	2.52	(1.68)	3.51	(4.63)	20.23
PATH	1.99	0.18	0.08	0.18	2.20	(2.21)	4.14	(3.65)	18.42
NTNX	2.11	0.10	0.02	5.70	2.97	(2.43)	4.07	(5.01)	18.74

GigaCloud Technology Corporate Management

Lei Wu	Chairman Founder	Profile
Zoe Wong	General Counsel	Profile
Kwok Lau	Chief Officer	Profile
Xinyan Hao	Chief officer	Profile
Erica Wei	Interim Officer	Profile

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