Alta Global Correlations
| MMA Stock | 1.02 0.09 8.11% |
The current 90-days correlation between Alta Global Group and PepsiCo is -0.01 (i.e., Good diversification). The correlation of Alta Global 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.
Alta Global Correlation With Market
Good diversification
The correlation between Alta Global Group and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alta Global Group and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Alta Stock
| 0.61 | DHIL | Diamond Hill Investment | PairCorr |
| 0.7 | DIST | Distoken Acquisition | PairCorr |
| 0.61 | CG | Carlyle Group Earnings Call This Week | PairCorr |
| 0.65 | GS | Goldman Sachs Group | PairCorr |
| 0.61 | LC | LendingClub Corp | PairCorr |
| 0.7 | WT | WisdomTree | PairCorr |
| 0.62 | DYCQ | DT Cloud Acquisition | PairCorr |
Moving against Alta Stock
| 0.67 | LX | Lexinfintech Holdings | PairCorr |
| 0.55 | PX | P10 Inc | PairCorr |
| 0.73 | GCMGW | GCM Grosvenor | PairCorr |
| 0.71 | WU | Western Union | PairCorr |
| 0.41 | TW | Tradeweb Markets Earnings Call This Week | PairCorr |
| 0.31 | ANSCW | Agriculture Natural | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alta Stock performing well and Alta Global 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 Alta Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PEP | 1.08 | (0.09) | 0.00 | (0.03) | 0.00 | 2.20 | 6.85 | |||
| BXP | 1.29 | 0.26 | 0.05 | (0.87) | 1.58 | 3.63 | 9.39 | |||
| HPP | 2.42 | 0.11 | 0.04 | 0.23 | 3.00 | 6.55 | 15.46 | |||
| PRMB | 1.36 | (0.28) | 0.00 | (0.62) | 0.00 | 2.24 | 8.86 | |||
| CELH | 1.78 | 0.19 | 0.07 | 0.39 | 1.83 | 4.81 | 10.55 | |||
| NCTW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FIZZ | 1.23 | 0.00 | (0.03) | 0.13 | 1.28 | 2.99 | 6.95 | |||
| DEO | 1.06 | (0.15) | 0.00 | (0.27) | 0.00 | 2.20 | 8.07 |
Alta Global Corporate Executives
Elected by the shareholders, the Alta Global's board of directors comprises two types of representatives: Alta Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alta. The board's role is to monitor Alta Global's management team and ensure that shareholders' interests are well served. Alta Global'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, Alta Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
| James Fleet | Cofounder CTO | Profile |