AlphaTime Acquisition Correlations

ATMCR Stock

0.15 0 3.09%

The current 90-days correlation between AlphaTime Acquisition and Cedar Realty Trust is -0.04 (i.e., Good diversification). The correlation of AlphaTime 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.

AlphaTime Acquisition Correlation With Market

Significant diversification

The correlation between AlphaTime Acquisition Corp and DJI 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 AlphaTime 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with AlphaTime Stock

0.68	V	Visa Class A	Pair Corr
0.64	DHIL	Diamond Hill Investment	Pair Corr
0.62	BX	Blackstone Group Normal Trading	Pair Corr
0.64	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.64	LC	LendingClub Corp	Pair Corr
0.61	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.63	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.63	WT	WisdomTree	Pair Corr
0.62	TETEU	Technology Telecommunicatio	Pair Corr

Moving against AlphaTime Stock

0.68	WU	Western Union	Pair Corr
0.43	LU	Lufax Holding	Pair Corr
0.4	XP	Xp Inc	Pair Corr
0.59	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.59	GDSTW	Goldenstone Acquisition	Pair Corr
0.5	BRKHU	BurTech Acquisition Corp	Pair Corr
0.46	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.37	EARN	Ellington Residential	Pair Corr

Related Correlations Analysis

	CDR-PB	CINF	KNSL	AIZ	MTG	AHL-PD	EYE	SLF
CDR-PB		0.62	0.29	0.61	0.1	0.14	0.51	0.65	CDR-PB
CINF	0.62		0.6	0.95	0.2	0.18	0.71	0.89	CINF
KNSL	0.29	0.6		0.69	0.5	0.38	0.36	0.74	KNSL
AIZ	0.61	0.95	0.69		0.27	0.22	0.74	0.95	AIZ
MTG	0.1	0.2	0.5	0.27		0.28	-0.09	0.25	MTG
AHL-PD	0.14	0.18	0.38	0.22	0.28		0.28	0.36	AHL-PD
EYE	0.51	0.71	0.36	0.74	-0.09	0.28		0.69	EYE
SLF	0.65	0.89	0.74	0.95	0.25	0.36	0.69		SLF
	CDR-PB	CINF	KNSL	AIZ	MTG	AHL-PD	EYE	SLF

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

AIZ	+ 0.95	CINF
SLF	+ 0.95	AIZ
SLF	+ 0.89	CINF
SLF	+ 0.74	KNSL
EYE	+ 0.74	AIZ
EYE	+ 0.71	CINF

High negative correlations

EYE

- 0.09

MTG

Risk-Adjusted Indicators

There is a big difference between AlphaTime Stock performing well and AlphaTime 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 AlphaTime 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
CDR-PB	2.00	0.25	0.03	(1.23)	2.80	(2.18)	4.50	(5.44)	13.67
CINF	1.05	0.00	0.03	0.12	1.21	(1.12)	2.20	(1.82)	9.12
KNSL	1.44	0.11	0.01	0.87	1.97	(1.57)	2.78	(2.97)	9.90
AIZ	0.92	0.05	0.05	0.15	1.29	(0.93)	1.72	(1.60)	9.02
MTG	1.10	(0.13)	(0.07)	(0.01)	1.75	(1.02)	2.12	(2.60)	8.52
AHL-PD	0.94	(0.02)	(0.08)	0.06	0.98	(1.18)	2.51	(1.83)	4.81
EYE	1.97	0.26	0.09	1.16	1.80	(2.39)	4.90	(2.54)	10.41
SLF	0.65	0.09	0.06	0.26	0.48	(0.79)	1.31	(0.96)	5.11

AlphaTime 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 AlphaTime Acquisition stock to make a market-neutral strategy. Peer analysis of AlphaTime Acquisition could also be used in its relative valuation, which is a method of valuing AlphaTime Acquisition by comparing valuation metrics with similar companies.

Cedar Realty Trust Cincinnati Financial Kinsale Capital Group Assurant MGIC Investment Corp Aspen Insurance Holdings National Vision Holdings Sun Life Financial American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

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