Bayview Acquisition Correlations

BAYAR Stock

0.14 0.00 0.00%

The current 90-days correlation between Bayview Acquisition Corp and Universal Technical Institute is 0.07 (i.e., Significant diversification). The correlation of Bayview 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.

Bayview Acquisition Correlation With Market

Good diversification

The correlation between Bayview Acquisition Corp and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayview 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 nation.

Moving against Bayview Stock

0.49	VCIC	Vine Hill Capital	Pair Corr
0.49	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.43	VACH	Voyager Acquisition Corp	Pair Corr
0.42	DYCQ	DT Cloud Acquisition	Pair Corr
0.41	DTSQ	DT Cloud Star	Pair Corr
0.37	DMYY	dMY Squared Technology	Pair Corr
0.35	EURK	Eureka Acquisition Corp	Pair Corr
0.34	ANSCU	Agriculture Natural	Pair Corr
0.33	NOEMU	CO2 Energy Transition	Pair Corr
0.33	VMCA	Valuence Merger Corp	Pair Corr
0.46	EQV	EQV Ventures Acquisition	Pair Corr
0.44	GIG	GigCapital7 Corp Class	Pair Corr
0.41	AAM	AA Mission Acquisition	Pair Corr
0.4	FACT	FACT II Acquisition	Pair Corr
0.38	AQU	Aquaron Acquisition Corp	Pair Corr
0.37	FTII	Futuretech II Acquisition	Pair Corr
0.34	CUB	Lionheart Holdings	Pair Corr
0.33	FORL	Four Leaf Acquisition	Pair Corr
0.31	ALF	Centurion Acquisition	Pair Corr
0.31	FVN	Future Vision II	Pair Corr

Related Correlations Analysis

	UTI	PVARF	ATGE	UDMY	WBTN	FNNNF
UTI		0.48	0.69	-0.13	0.41	0.53	UTI
PVARF	0.48		0.62	-0.09	0.3	0.51	PVARF
ATGE	0.69	0.62		-0.28	0.0	0.63	ATGE
UDMY	-0.13	-0.09	-0.28		0.0	-0.3	UDMY
WBTN	0.41	0.3	0.0	0.0		-0.16	WBTN
FNNNF	0.53	0.51	0.63	-0.3	-0.16		FNNNF
	UTI	PVARF	ATGE	UDMY	WBTN	FNNNF

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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

ATGE	+ 0.69	UTI
FNNNF	+ 0.63	ATGE
ATGE	+ 0.62	PVARF
FNNNF	+ 0.53	UTI
FNNNF	+ 0.51	PVARF
PVARF	+ 0.48	UTI

High negative correlations

FNNNF	- 0.3	UDMY
UDMY	- 0.28	ATGE
FNNNF	- 0.16	WBTN
UDMY	- 0.13	UTI
UDMY	- 0.09	PVARF
WBTN	- 0.0	UDMY

Risk-Adjusted Indicators

There is a big difference between Bayview Stock performing well and Bayview 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 Bayview 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
UTI	2.11	0.55	0.22	0.54	2.05	(2.43)	5.48	(3.89)	27.29
PVARF	0.13	0.02	0.00	0.18	0.00	0.00	0.00	0.00	3.49
ATGE	1.44	0.20	0.10	0.21	1.83	(1.45)	2.83	(2.91)	7.79
UDMY	2.24	0.29	0.11	2.06	2.27	(2.74)	4.16	(4.50)	15.62
WBTN	2.47	0.04	0.01	0.05	4.24	(2.45)	5.96	(5.15)	27.40
FNNNF	0.76	0.23	0.00	(2.07)	0.00	0.00	2.62	0.00	17.11

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

Universal Technical Institute Porvair plc Adtalem Global Education Udemy Inc WEBTOON Entertainment Common Finnair Oyj American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot

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