Global Crossing Correlations
JETMF Stock | USD 0.56 0.03 5.08% |
The correlation of Global Crossing 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Crossing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Crossing Airlines moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Global Crossing Airlines and NYA is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Crossing Airlines and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Global Crossing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Crossing when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Crossing - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Crossing Airlines to buy it.
Moving against Global OTC Stock
0.44 | PTAIF | PT Astra International | PairCorr |
0.42 | RYAAY | Ryanair Holdings PLC Report 27th of May 2024 | PairCorr |
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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
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Risk-Adjusted Indicators
There is a big difference between Global OTC Stock performing well and Global Crossing OTC Stock 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 Crossing'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 | ||
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FNNNF | 14.18 | 5.23 | 0.00 | 5.88 | 0.00 | 5.69 | 459.50 | |||
EJTTF | 0.62 | (0.16) | 0.00 | (5.23) | 0.00 | 0.00 | 20.48 | |||
NRSAF | 1.90 | (0.47) | 0.00 | (0.43) | 0.00 | 3.75 | 25.94 | |||
ANZFF | 2.16 | (0.11) | 0.00 | 0.59 | 0.00 | 5.71 | 20.25 | |||
AICAF | 0.68 | (0.04) | 0.00 | 0.16 | 0.00 | 2.04 | 11.62 | |||
AFRAF | 0.89 | (0.24) | 0.00 | 0.86 | 0.00 | 2.68 | 11.00 | |||
CHKIF | 2.97 | 0.24 | 0.00 | (0.02) | 4.44 | 9.09 | 28.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Global Crossing without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Global Crossing Corporate Management
Elected by the shareholders, the Global Crossing's board of directors comprises two types of representatives: Global Crossing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Crossing's management team and ensure that shareholders' interests are well served. Global Crossing'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, Global Crossing's outside directors are responsible for providing unbiased perspectives on the board's policies.
Captain Gonzalez | Chief Pilot | Profile | |
Edgar Green | Head Technology | Profile | |
George Hambrick | Chief Staff | Profile | |
Ryan Goepel | CFO VP | Profile | |
Doreen DePastino | Ex Ops | Profile | |
Mark Salvador | Chief Officer | Profile | |
Kevin Beitzel | Chief Inspector | Profile |
Already Invested in Global Crossing Airlines?
The danger of trading Global Crossing Airlines is mainly related to its market volatility and OTC Stock specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Global Crossing is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Global Crossing. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global Crossing Airlines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Global Crossing Airlines. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Global OTC Stock analysis
When running Global Crossing's price analysis, check to measure Global Crossing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Global Crossing is operating at the current time. Most of Global Crossing's value examination focuses on studying past and present price action to predict the probability of Global Crossing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Crossing's price. Additionally, you may evaluate how the addition of Global Crossing to your portfolios can decrease your overall portfolio volatility.
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