Bayview Acquisition Correlations

BAYAU Stock

10.82 0.00 0.00%

The current 90-days correlation between Bayview Acquisition Corp and Azul SA 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

Significant diversification

The correlation between Bayview Acquisition Corp and DJI is 0.05 (i.e., Significant 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, which includes a position in Bayview Acquisition Corp. 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

0.6	VCIC	Vine Hill Capital	Pair Corr
0.6	BACQU	Bleichroeder Acquisition	Pair Corr
0.59	EMCGU	Embrace Change Acqui	Pair Corr
0.58	MLACU	Mountain Lake Acquisition	Pair Corr
0.57	VACH	Voyager Acquisition Corp	Pair Corr
0.55	EMCG	Embrace Change Acqui	Pair Corr
0.54	DTSQ	DT Cloud Star	Pair Corr
0.53	EURK	Eureka Acquisition Corp	Pair Corr
0.48	GDSTW	Goldenstone Acquisition	Pair Corr
0.48	GDSTU	Goldenstone Acquisition	Pair Corr
0.47	FACT	FACT II Acquisition	Pair Corr
0.42	ANSCW	Agriculture Natural	Pair Corr
0.41	ANSCU	Agriculture Natural	Pair Corr
0.37	GDSTR	Goldenstone Acquisition	Pair Corr
0.34	BSIIW	BSIIW	Pair Corr
0.33	NOEMU	CO2 Energy Transition	Pair Corr
0.66	GBBK	Global Blockchain	Pair Corr
0.6	ALF	Centurion Acquisition	Pair Corr
0.6	FVN	Future Vision II	Pair Corr
0.59	EQV	EQV Ventures Acquisition	Pair Corr
0.58	FACTU	FACT II Acquisition	Pair Corr
0.57	AAM	AA Mission Acquisition	Pair Corr
0.57	CUB	Lionheart Holdings	Pair Corr
0.56	FSHP	Flag Ship Acquisition	Pair Corr
0.56	GPAT	GP Act III	Pair Corr
0.56	YHNA	YHN Acquisition I	Pair Corr
0.55	KVACU	Keen Vision Acquisition	Pair Corr
0.55	GLAC	Global Lights Acquisition	Pair Corr

Related Correlations Analysis

	AZUL	AGZNF	ULCC	DTATF	NOKFF	LUV	ZDGE
AZUL		-0.29	0.52	-0.22	0.0	-0.13	0.31	AZUL
AGZNF	-0.29		-0.65	0.82	0.0	0.34	-0.51	AGZNF
ULCC	0.52	-0.65		-0.54	0.0	-0.33	0.74	ULCC
DTATF	-0.22	0.82	-0.54		0.0	0.46	-0.36	DTATF
NOKFF	0.0	0.0	0.0	0.0		0.0	0.0	NOKFF
LUV	-0.13	0.34	-0.33	0.46	0.0		0.05	LUV
ZDGE	0.31	-0.51	0.74	-0.36	0.0	0.05		ZDGE
	AZUL	AGZNF	ULCC	DTATF	NOKFF	LUV	ZDGE

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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

DTATF	+ 0.82	AGZNF
ZDGE	+ 0.74	ULCC
ULCC	+ 0.52	AZUL
LUV	+ 0.46	DTATF
LUV	+ 0.34	AGZNF
ZDGE	+ 0.31	AZUL

High negative correlations

ULCC	- 0.65	AGZNF
DTATF	- 0.54	ULCC
ZDGE	- 0.51	AGZNF
ZDGE	- 0.36	DTATF
LUV	- 0.33	ULCC
AGZNF	- 0.29	AZUL

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
AZUL	4.01	(0.11)	0.00	(0.08)	0.00	0.00	8.80	(6.42)	19.92
AGZNF	0.49	0.24	0.00	(3.17)	0.00	0.00	0.00	0.00	16.59
ULCC	3.55	(0.20)	0.00	(0.15)	0.00	0.00	5.58	(7.38)	24.49
DTATF	0.06	0.02	0.00	0.56	0.00	0.00	0.00	0.00	2.02
NOKFF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LUV	1.40	0.11	0.06	0.21	1.71	(1.44)	2.99	(2.82)	9.18
ZDGE	3.80	0.24	0.05	0.11	4.59	(4.74)	10.73	(7.17)	49.03

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