A SPAC Correlations
| ASCB Stock | USD 11.32 0.27 2.44% |
The correlation of A SPAC 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.
A SPAC Correlation With Market
Good diversification
The correlation between A SPAC II 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 A SPAC II and DJI in the same portfolio, assuming nothing else is changed.
ASCB |
Moving together with ASCB Stock
| 0.68 | V | Visa Class A | PairCorr |
| 0.72 | FDUS | Fidus Investment Corp | PairCorr |
| 0.69 | GBDC | Golub Capital BDC | PairCorr |
| 0.62 | NMFC | New Mountain Finance | PairCorr |
| 0.81 | TSLX | Sixth Street Specialty | PairCorr |
| 0.65 | BK | Bank of New York | PairCorr |
Moving against ASCB Stock
| 0.73 | AMG | Affiliated Managers | PairCorr |
| 0.63 | FHI | Federated Investors | PairCorr |
| 0.63 | PYPL | PayPal Holdings | PairCorr |
| 0.57 | DHIL | Diamond Hill Investment | PairCorr |
| 0.52 | AMTD | AMTD IDEA Group | PairCorr |
| 0.46 | JXN | Jackson Financial | PairCorr |
| 0.4 | SYF | Synchrony Financial | PairCorr |
| 0.33 | APAM | Artisan Partners Asset | PairCorr |
| 0.32 | BEN | Franklin Resources | PairCorr |
| 0.65 | CM | Canadian Imperial Bank | PairCorr |
| 0.63 | BX | Blackstone Group | PairCorr |
| 0.61 | AX | Axos Financial | PairCorr |
| 0.61 | LC | LendingClub Corp | PairCorr |
| 0.59 | IX | Orix Corp Ads | PairCorr |
| 0.58 | EG | Everest Group | PairCorr |
| 0.49 | HG | Hamilton Insurance Group, | PairCorr |
| 0.44 | RF | Regions Financial | PairCorr |
| 0.38 | BY | Byline Bancorp | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALSA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ATAQF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | APNCW | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ATEK | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AHRN | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALOR | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | EMLD | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ASCB Stock performing well and A SPAC 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 A SPAC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALSA | 0.79 | 0.09 | 0.01 | (14.04) | 2.25 | 0.83 | 22.50 | |||
| ATAQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APNCW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATEK | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AHRN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ALOR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EMLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |