Global Business Correlations

GBTG
 Stock
  

USD 5.19  0.04  0.78%   

The correlation of Global Business is a statistical measure of how it moves in relation to other equities. 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 Business moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Business Travel 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Global Business 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 Business 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 Business - 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 Business Travel to buy it.

Moving together with Global Business

+0.81ESTCElastic NVPairCorr
+0.62SNOWSnowflake Downward RallyPairCorr
+0.75TEAMAtlassian Corp PlcPairCorr
+0.77VERBVERB TECHNOLOGY COMPANYPairCorr
+0.87ATAIATAI Life SciencesPairCorr

Moving against Global Business

-0.72ADEAADEIA CORPPairCorr
-0.67AZPNAspen TechnologyPairCorr
-0.62SAPSAP SE ADRPairCorr
-0.61SAPGFSAP SEPairCorr
-0.6CWCurtiss-WrightPairCorr
-0.58IEXIDEXPairCorr

Related Correlations

CRM
UBER
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VSGAX
CRM
0.50.110.61
CRM
UBER
0.50.120.77
UBER
LIN
0.110.120.41
LIN
VSGAX
0.610.770.41
VSGAX
CRM
UBER
LIN
VSGAX
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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
VSGAXUBER
VSGAXCRM
UBERCRM
VSGAXLIN
LINUBER
LINCRM
  

Global Business Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Global Stock performing well and Global Business company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Global Business' multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Global Business 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.

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Global Business Corporate Management

Elected by the shareholders, the Global Business' board of directors comprises two types of representatives: Global Business 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 Business' management team and ensure that shareholders' interests are well served. Global Business' 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 Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
Evan Konwiser - Ex StrategyProfile
Paul Abbott - CEO DirectorProfile
Martine Gerow - Chief OfficerProfile
Eric Bock - Global OfficerProfile
David Thompson - Chief OfficerProfile
SiYeon JD - Chief OfficerProfile
Boriana Tchobanova - VP OfficerProfile

Invested in Global Business Travel?

The danger of trading Global Business Travel is mainly related to its market volatility and company 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 Business 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 Business. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Global Business Travel 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.
Please check Risk vs Return Analysis. You can also try CEO Directory module to screen CEOs from public companies around the world.

Complementary Tools for analysis

When running Global Business Travel price analysis, check to measure Global Business' 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 Business is operating at the current time. Most of Global Business' value examination focuses on studying past and present price action to predict the probability of Global Business' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Global Business' price. Additionally, you may evaluate how the addition of Global Business to your portfolios can decrease your overall portfolio volatility.
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Is Global Business' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Global Business. If investors know Global will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Global Business listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
2.4 B
Quarterly Revenue Growth YOY
1.48
Return On Assets
(0.05) 
Return On Equity
(0.36) 
The market value of Global Business Travel is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global Business' value that differs from its market value or its book value, called intrinsic value, which is Global Business' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global Business' market value can be influenced by many factors that don't directly affect Global Business' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global Business' value and its price as these two are different measures arrived at by different means. Investors typically determine Global Business value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.