Centurion Acquisition Correlations

ALF Stock

USD 0.01 10.09 99.85%

The current 90-days correlation between Centurion Acquisition and Voyager Acquisition Corp is 0.19 (i.e., Average diversification). The correlation of Centurion Acquisition 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.

Centurion Acquisition Correlation With Market

Very good diversification

The correlation between Centurion Acquisition Corp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centurion Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centurion Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Centurion Stock

0.66	YHNAU	YHN Acquisition I	Pair Corr
0.74	DPCS	DP Cap Acquisition	Pair Corr
0.78	DSAQ	Direct Selling Acqui	Pair Corr
0.65	DTSQ	DT Cloud Star	Pair Corr
0.61	DUET	DUET Acquisition Corp	Pair Corr
0.84	EURK	Eureka Acquisition Corp	Pair Corr
0.69	FRLAU	Fortune Rise Acquisition	Pair Corr
0.75	BSIIU	Black Spade Acquisition	Pair Corr
0.62	FHLT	Future Health Esg	Pair Corr
0.67	AAM	AA Mission Acquisition	Pair Corr
0.76	CEP	Cantor Equity Partners,	Pair Corr
0.89	CUB	Lionheart Holdings	Pair Corr
0.79	FLD	FTAC Emerald Acquisition Symbol Change	Pair Corr
0.76	GAQ	Generation Asia I	Pair Corr
0.7	FSHPU	Flag Ship Acquisition	Pair Corr

Moving against Centurion Stock

0.69	ROCLU	Roth CH Acquisition	Pair Corr
0.53	IMAQR	International Media	Pair Corr
0.44	IMAQU	International Media	Pair Corr
0.4	BRACR	Broad Capital Acquisition	Pair Corr
0.38	IMAQW	International Media	Pair Corr
0.76	GHIX	Gores Holdings IX	Pair Corr
0.71	BUJAR	Bukit Jalil Global	Pair Corr
0.71	GHIXU	Gores Holdings IX	Pair Corr
0.7	BCSAW	Blockchain Coinvestors	Pair Corr
0.66	GHIXW	Gores Holdings IX	Pair Corr
0.61	INTEW	Integral Acquisition	Pair Corr
0.48	APXIU	APx Acquisition Corp	Pair Corr
0.47	IMAQ	International Media	Pair Corr
0.43	HHGC	HHG Capital Corp	Pair Corr
0.42	GGAAF	Genesis Growth Tech	Pair Corr

Related Correlations Analysis

	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	PFTAU	PFTAW	ROCLU
VACH		-0.06	0.19	0.01	-0.56	0.1	0.43	-0.25	-0.05	VACH
YHNAR	-0.06		-0.14	0.36	-0.03	-0.14	0.02	0.11	0.03	YHNAR
YHNAU	0.19	-0.14		-0.07	-0.35	0.69	-0.04	-0.18	-0.56	YHNAU
NOEMU	0.01	0.36	-0.07		0.05	-0.02	0.01	0.1	-0.24	NOEMU
VCIC	-0.56	-0.03	-0.35	0.05		-0.49	-0.16	0.26	0.05	VCIC
DTSQ	0.1	-0.14	0.69	-0.02	-0.49		-0.04	-0.12	-0.49	DTSQ
PFTAU	0.43	0.02	-0.04	0.01	-0.16	-0.04		-0.32	-0.02	PFTAU
PFTAW	-0.25	0.11	-0.18	0.1	0.26	-0.12	-0.32		0.11	PFTAW
ROCLU	-0.05	0.03	-0.56	-0.24	0.05	-0.49	-0.02	0.11		ROCLU
	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	PFTAU	PFTAW	ROCLU

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

DTSQ	+ 0.69	YHNAU
PFTAU	+ 0.43	VACH
NOEMU	+ 0.36	YHNAR
PFTAW	+ 0.26	VCIC
YHNAU	+ 0.19	VACH
PFTAW	+ 0.11	YHNAR

High negative correlations

ROCLU	- 0.56	YHNAU
VCIC	- 0.56	VACH
ROCLU	- 0.49	DTSQ
DTSQ	- 0.49	VCIC
VCIC	- 0.35	YHNAU
PFTAW	- 0.32	PFTAU

Risk-Adjusted Indicators

There is a big difference between Centurion Stock performing well and Centurion Acquisition 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 Centurion Acquisition'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
VACH	0.09	0.00	(0.45)	(0.83)	0.00	(0.17)	0.20	(0.20)	1.09
YHNAR	4.75	0.17	0.00	0.33	0.00	0.00	18.18	(8.33)	26.52
YHNAU	0.18	0.01	(0.06)	0.29	0.52	(0.36)	0.20	(0.10)	5.56
NOEMU	0.04	0.00	0.00	(2.33)	0.00	0.00	0.10	(0.10)	0.20
VCIC	0.06	0.01	0.00	(0.54)	0.00	0.00	0.20	(0.10)	0.30
DTSQ	0.05	0.00	(0.50)	1.07	0.00	(0.13)	0.20	(0.10)	0.50
PFTAU	0.22	(0.06)	0.00	(2.44)	0.00	0.00	0.27	0.00	4.63
PFTAW	14.07	2.48	0.08	(0.30)	17.01	(16.89)	39.53	(34.29)	88.50
ROCLU	0.29	(0.02)	0.00	0.18	0.00	0.00	0.00	(0.84)	7.57

Centurion Acquisition Corporate Management

John II	Chief CoFounder	Profile
Louis CPA	Interim Officer	Profile
Ronald Spears	Chief Officer	Profile
James Lee	Chairman CEO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC