Global Lights Correlations
| GLACUDelisted Stock | USD 11.00 0.00 0.00% |
The current 90-days correlation between Global Lights Acquisition and CVW CleanTech is 0.07 (i.e., Significant diversification). The correlation of Global Lights 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.
Global |
Moving together with Global Stock
| 0.61 | DIST | Distoken Acquisition | PairCorr |
| 0.93 | DMAA | Drugs Made In | PairCorr |
| 0.94 | VACH | Voyager Acquisition Corp | PairCorr |
| 0.84 | YHNAU | YHN Acquisition I | PairCorr |
| 0.65 | NOEMU | CO2 Energy Transition | PairCorr |
| 0.91 | VCIC | Vine Hill Capital | PairCorr |
| 0.91 | DRDB | Roman DBDR Acquisition | PairCorr |
| 0.83 | DTSQ | DT Cloud Star | PairCorr |
| 0.62 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.88 | DYNX | Dynamix Class | PairCorr |
| 0.64 | EMCGR | Embrace Change Acqui | PairCorr |
| 0.64 | NPACU | New Providence Acqui | PairCorr |
| 0.88 | EMCG | Embrace Change Acqui | PairCorr |
| 0.89 | BACQR | Bleichroeder Acquisition | PairCorr |
| 0.88 | BACQU | Bleichroeder Acquisition | PairCorr |
| 0.89 | DISTR | Distoken Acquisition | PairCorr |
| 0.9 | ANSCU | Agriculture Natural | PairCorr |
| 0.92 | WLAC | Willow Lane Acquisition | PairCorr |
| 0.77 | GDSTW | Goldenstone Acquisition | PairCorr |
| 0.93 | FGMC | FG Merger II | PairCorr |
| 0.73 | BAYAR | Bayview Acquisition Corp | PairCorr |
| 0.79 | BAYAU | Bayview Acquisition Corp | PairCorr |
| 0.71 | KVACW | Keen Vision Acquisition | PairCorr |
| 0.93 | AAM | AA Mission Acquisition | PairCorr |
Moving against Global Stock
Related Correlations Analysis
| 0.58 | -0.15 | 0.28 | 0.62 | -0.57 | CVWFF | ||
| 0.58 | -0.24 | 0.51 | 0.14 | -0.45 | XWEL | ||
| -0.15 | -0.24 | -0.51 | 0.11 | 0.47 | HGRAF | ||
| 0.28 | 0.51 | -0.51 | 0.11 | -0.43 | APGE | ||
| 0.62 | 0.14 | 0.11 | 0.11 | -0.38 | GNFT | ||
| -0.57 | -0.45 | 0.47 | -0.43 | -0.38 | ARDX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Lights 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 Lights' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CVWFF | 2.03 | 0.89 | 0.15 | (0.57) | 1.41 | 7.14 | 30.93 | |||
| XWEL | 2.95 | 0.55 | 0.13 | 4.39 | 2.86 | 6.38 | 12.98 | |||
| HGRAF | 3.17 | 0.26 | 0.02 | (2.00) | 3.45 | 10.00 | 23.61 | |||
| APGE | 2.81 | 0.11 | 0.04 | 0.20 | 4.09 | 7.08 | 26.16 | |||
| GNFT | 2.86 | 0.17 | 0.02 | 0.90 | 3.79 | 6.37 | 20.82 | |||
| ARDX | 3.23 | 0.14 | 0.00 | 14.23 | 5.83 | 5.61 | 29.98 |
Global Lights Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Lights stock to make a market-neutral strategy. Peer analysis of Global Lights could also be used in its relative valuation, which is a method of valuing Global Lights by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Lights Corporate Management
| Yizhi Guo | Chief Officer | Profile | |
| William Liu | Chief Officer | Profile | |
| Bin Yang | Chief Officer | Profile | |
| Guomei Han | Chief Officer | Profile |
Still Interested in Global Lights Acquisition?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.