Generation Essentials Correlations

TGE Stock

USD 6.00 0.04 0.67%

The current 90-days correlation between The Generation Essentials and Aldel Financial II is -0.19 (i.e., Good diversification). The correlation of Generation Essentials 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.

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Moving against Generation Stock

0.47	BCGWW	Binah Capital Group,	Pair Corr
0.36	PSEC-PA	Prospect Capital	Pair Corr
0.64	PX	P10 Inc	Pair Corr
0.5	PT	Pintec Technology	Pair Corr
0.37	WD	Walker Dunlop	Pair Corr

Related Correlations Analysis

	ALDF	BBDC	HAFN	UAL	SPNT	ECPG	VRRM	BEDU
ALDF		0.77	0.92	0.76	0.87	0.85	0.89	0.74	ALDF
BBDC	0.77		0.71	0.81	0.54	0.63	0.82	0.7	BBDC
HAFN	0.92	0.71		0.68	0.83	0.83	0.79	0.59	HAFN
UAL	0.76	0.81	0.68		0.63	0.73	0.8	0.68	UAL
SPNT	0.87	0.54	0.83	0.63		0.81	0.8	0.61	SPNT
ECPG	0.85	0.63	0.83	0.73	0.81		0.87	0.54	ECPG
VRRM	0.89	0.82	0.79	0.8	0.8	0.87		0.71	VRRM
BEDU	0.74	0.7	0.59	0.68	0.61	0.54	0.71		BEDU
	ALDF	BBDC	HAFN	UAL	SPNT	ECPG	VRRM	BEDU

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Risk-Adjusted Indicators

There is a big difference between Generation Stock performing well and Generation Essentials 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 Generation Essentials' 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
ALDF	0.19	0.04	(0.34)	3.63	0.00	(0.28)	0.48	(0.38)	1.54
BBDC	0.88	0.18	0.10	0.49	0.83	(1.01)	2.09	(1.66)	5.07
HAFN	1.50	0.38	0.12	(6.42)	1.52	(1.66)	3.55	(2.67)	9.02
UAL	2.30	0.33	0.15	0.32	2.46	(2.53)	5.39	(4.37)	18.67
SPNT	1.46	0.13	0.07	0.30	1.28	(1.84)	3.13	(2.30)	11.29
ECPG	2.02	0.27	0.15	0.32	1.96	(2.40)	3.61	(2.72)	28.93
VRRM	1.29	0.02	0.02	0.15	1.27	(1.64)	3.50	(2.50)	12.45
BEDU	2.82	(0.06)	0.02	0.10	3.17	(3.93)	7.88	(5.17)	27.73

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Generation Essentials Correlations

Moving against Generation Stock

Related Correlations Analysis

Risk-Adjusted Indicators

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