Bayview Acquisition Correlations
| BAYAR Stock | 0.20 0.00 0.00% |
The current 90-days correlation between Bayview Acquisition Corp and Drugs Made In is -0.02 (i.e., Good 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 -0.14 (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.
Bayview |
Moving against Bayview Stock
| 0.52 | RENEU | Cartesian Growth | PairCorr |
| 0.49 | YHNAU | YHN Acquisition I | PairCorr |
| 0.48 | YHNAR | YHN Acquisition I | PairCorr |
| 0.41 | MBAV | M3 Brigade Acquisition | PairCorr |
| 0.37 | DIST | Distoken Acquisition | PairCorr |
| 0.37 | VCIC | Vine Hill Capital | PairCorr |
| 0.33 | DYNX | Dynamix Class | PairCorr |
| 0.32 | NOEMU | CO2 Energy Transition | PairCorr |
| 0.31 | VACH | Voyager Acquisition Corp | PairCorr |
| 0.31 | DYCQ | DT Cloud Acquisition | PairCorr |
| 0.44 | EMCGU | Embrace Change Acqui | PairCorr |
| 0.41 | NETD | Nabors Energy Transition | PairCorr |
| 0.37 | GLSTW | Global Star Acquisition, | PairCorr |
| 0.37 | EMCG | Embrace Change Acqui | PairCorr |
| 0.34 | LPAAU | Launch One Acquisition | PairCorr |
Related Correlations Analysis
| 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
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMAA | 0.13 | 0.02 | 0.00 | 0.73 | 0.00 | 0.20 | 1.10 | |||
| VACH | 0.16 | 0.01 | 0.06 | (0.18) | 0.06 | 0.40 | 0.89 | |||
| DMYY | 0.42 | 0.06 | 0.09 | 1.38 | 0.28 | 1.23 | 7.89 | |||
| YHNAR | 9.03 | 1.27 | 0.08 | 0.49 | 9.93 | 23.08 | 94.49 | |||
| YHNAU | 0.43 | 0.01 | 0.01 | 0.09 | 0.87 | 0.96 | 12.69 | |||
| NOEMR | 5.45 | 1.12 | 0.00 | (1.54) | 0.00 | 12.50 | 50.10 | |||
| NOEMU | 0.25 | 0.01 | 0.02 | 0.31 | 0.42 | 0.69 | 5.83 | |||
| NOEMW | 6.65 | 0.25 | 0.02 | 0.42 | 8.94 | 19.52 | 42.88 | |||
| DRDB | 0.08 | 0.01 | 0.13 | (0.52) | 0.00 | 0.20 | 0.40 |