GD Culture Correlations

Stocks . USA . 
Stock . GD Culture Group
GDC Stock   3.38  0.10  2.87%   
The current 90-days correlation between GD Culture Group and Zhong Yang Financial is -0.17 (i.e., Good diversification). The correlation of GD Culture 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.

GD Culture Correlation With Market

Weak diversification

The correlation between GD Culture Group and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GD Culture Group and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with GDC Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GD Culture 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 unemployment.

Moving together with GDC Stock

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Moving against GDC Stock

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Related Correlations Analysis

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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   
SNTG
+ 0.84
BILI
BILI
+ 0.66
MSGM
OMH
+ 0.55
CXAI
SNTG
+ 0.53
MSGM
OMH
+ 0.53
BHAT
SNTG
+ 0.4
TOP
  
High negative correlations   
BHAT
- 0.67
MSGM
OMH
- 0.63
BILI
OMH
- 0.58
SNTG
BILI
- 0.57
BHAT
HUDI
- 0.55
BILI
CXAI
- 0.54
BILI

Risk-Adjusted Indicators

There is a big difference between GDC Stock performing well and GD Culture 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 GD Culture'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.

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