Bowen Acquisition Correlations

BOWN Stock

10.91 0.08 0.73%

The current 90-days correlation between Bowen Acquisition Corp and Destination XL Group is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bowen Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bowen Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bowen Acquisition Correlation With Market

Significant diversification

The correlation between Bowen Acquisition Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bowen 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 Bowen 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 housing.

Moving together with Bowen Stock

0.87	V	Visa Class A	Pair Corr
0.75	CG	Carlyle Group	Pair Corr
0.84	MA	Mastercard Sell-off Trend	Pair Corr
0.71	VRTS	Virtus Investment	Pair Corr
0.87	FDUS	Fidus Investment Corp	Pair Corr
0.72	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.83	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	BLK	BlackRock Earnings Call This Week	Pair Corr
0.81	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.83	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.9	FSK	FS KKR Capital Sell-off Trend	Pair Corr
0.88	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.62	TPG	TPG Inc	Pair Corr
0.72	LRFC	Logan Ridge Finance	Pair Corr
0.83	PYPL	PayPal Holdings	Pair Corr
0.92	SEIC	SEI Investments	Pair Corr
0.9	SLRC	SLR Investment Corp	Pair Corr
0.92	SOFI	SoFi Technologies	Pair Corr
0.79	CODI	Compass Diversified	Pair Corr
0.82	UPST	Upstart Holdings	Pair Corr
0.87	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.79	L	Loews Corp	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.83	BK	Bank of New York Earnings Call This Week	Pair Corr
0.8	BN	Brookfield Corp	Pair Corr

Moving against Bowen Stock

0.85	HPH	Highest Performances Symbol Change	Pair Corr
0.47	CWD	CaliberCos Class A	Pair Corr
0.72	PFLT	PennantPark Floating Rate	Pair Corr
0.49	GROW	US Global Investors	Pair Corr
0.45	AIHS	Senmiao Technology	Pair Corr
0.8	LU	Lufax Holding	Pair Corr
0.56	EG	Everest Group	Pair Corr
0.52	CB	Chubb	Pair Corr
0.42	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	MATV	KTB	PVH	GIII	RL	DXLG	COLM	ECVT
MATV		-0.68	-0.74	-0.44	-0.83	0.39	-0.68	-0.68	MATV
KTB	-0.68		0.81	0.23	0.71	-0.34	0.7	0.91	KTB
PVH	-0.74	0.81		0.59	0.93	-0.4	0.84	0.72	PVH
GIII	-0.44	0.23	0.59		0.6	-0.19	0.59	0.07	GIII
RL	-0.83	0.71	0.93	0.6		-0.4	0.79	0.64	RL
DXLG	0.39	-0.34	-0.4	-0.19	-0.4		-0.41	-0.22	DXLG
COLM	-0.68	0.7	0.84	0.59	0.79	-0.41		0.59	COLM
ECVT	-0.68	0.91	0.72	0.07	0.64	-0.22	0.59		ECVT
	MATV	KTB	PVH	GIII	RL	DXLG	COLM	ECVT

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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

RL	+ 0.93	PVH
ECVT	+ 0.91	KTB
COLM	+ 0.84	PVH
PVH	+ 0.81	KTB
COLM	+ 0.79	RL
ECVT	+ 0.72	PVH

High negative correlations

RL	- 0.83	MATV
PVH	- 0.74	MATV
ECVT	- 0.68	MATV
COLM	- 0.68	MATV
KTB	- 0.68	MATV
GIII	- 0.44	MATV

Risk-Adjusted Indicators

There is a big difference between Bowen Stock performing well and Bowen 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 Bowen 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
MATV	2.23	(0.56)	0.00	(1.41)	0.00	0.00	3.64	(4.49)	29.08
KTB	1.47	0.11	0.05	0.15	1.70	(1.59)	3.18	(2.65)	16.48
PVH	1.43	0.12	0.07	0.87	1.59	(1.70)	3.41	(3.34)	7.98
GIII	1.82	0.10	0.05	1.45	1.87	(2.18)	4.18	(3.21)	14.34
RL	1.27	0.31	0.20	0.82	1.24	(1.44)	3.51	(2.14)	10.48
DXLG	2.73	0.04	0.01	0.08	3.29	(3.16)	5.39	(5.33)	23.16
COLM	1.30	0.00	(0.01)	(0.01)	1.76	(1.20)	2.60	(2.67)	8.97
ECVT	1.86	0.24	0.12	1.41	1.66	(2.28)	4.55	(2.67)	18.71

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