Arrowroot Acquisition Correlations
| ARRWUDelisted Stock | USD 10.59 0.00 0.00% |
The current 90-days correlation between Arrowroot Acquisition and Anzu Special Acquisition is -0.05 (i.e., Good diversification). The correlation of Arrowroot 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Arrowroot Acquisition Correlation With Market
Good diversification
The correlation between Arrowroot Acquisition Corp and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arrowroot Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Arrowroot |
Moving together with Arrowroot Stock
| 0.81 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.63 | JPSTF | JAPAN POST BANK | PairCorr |
| 0.88 | MZHOF | Mizuho Financial | PairCorr |
| 0.85 | PYPL | PayPal Holdings | PairCorr |
| 0.84 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.84 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.87 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
Moving against Arrowroot Stock
| 0.95 | BKRKY | Bank Rakyat | PairCorr |
| 0.93 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.9 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.88 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.86 | PBCRY | Bank Central Asia | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.79 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.61 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.48 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.37 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.44 | 0.13 | 0.56 | 0.39 | ANZUU | ||
| 0.44 | 0.6 | 0.75 | 0.61 | ACAHU | ||
| 0.13 | 0.6 | 0.55 | 0.47 | DHCAU | ||
| 0.56 | 0.75 | 0.55 | 0.71 | AURCU | ||
| 0.39 | 0.61 | 0.47 | 0.71 | DTOCU | ||
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Risk-Adjusted Indicators
There is a big difference between Arrowroot Stock performing well and Arrowroot 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 Arrowroot 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ANZUU | 0.34 | 0.03 | 0.01 | 0.48 | 0.49 | 0.88 | 7.17 | |||
| ACAHU | 0.14 | 0.03 | 0.00 | 0.15 | 0.00 | 0.39 | 2.56 | |||
| DHCAU | 0.21 | 0.01 | 0.00 | 3.52 | 0.00 | 0.59 | 6.25 | |||
| AURCU | 0.18 | 0.09 | 0.00 | (1.18) | 0.00 | 0.29 | 3.93 | |||
| DTOCU | 0.41 | (0.08) | 0.00 | 0.68 | 0.00 | 0.60 | 8.89 |
Arrowroot Acquisition Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Arrowroot Acquisition stock to make a market-neutral strategy. Peer analysis of Arrowroot Acquisition could also be used in its relative valuation, which is a method of valuing Arrowroot Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Arrowroot Acquisition Corp?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.