Bowen Acquisition Correlations

BOWNU Stock

9.10 0.19 2.05%

The current 90-days correlation between Bowen Acquisition Corp and Visa Class A is -0.07 (i.e., Good diversification). The correlation of Bowen 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.

Bowen Acquisition Correlation With Market

Significant diversification

The correlation between Bowen Acquisition Corp and DJI is 0.07 (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 board of governors.

Moving against Bowen Stock

0.5	C	Citigroup Aggressive Push	Pair Corr
0.47	DB	Deutsche Bank AG Earnings Call Next Week	Pair Corr
0.45	CG	Carlyle Group	Pair Corr
0.44	MAIN	Main Street Capital	Pair Corr
0.41	FDUS	Fidus Investment Corp	Pair Corr
0.4	GLAD	Gladstone Capital	Pair Corr
0.39	BK	Bank of New York	Pair Corr
0.36	AXP	American Express Earnings Call This Week	Pair Corr
0.35	SCM	Stellus Capital Inve	Pair Corr
0.33	L	Loews Corp Earnings Call This Week	Pair Corr
0.33	V	Visa Class A Earnings Call Next Week	Pair Corr
0.4	GL	Globe Life	Pair Corr
0.38	MS	Morgan Stanley	Pair Corr
0.36	LX	Lexinfintech Holdings	Pair Corr
0.35	GS	Goldman Sachs Group	Pair Corr
0.32	RM	Regional Management Corp Normal Trading	Pair Corr
0.31	PT	Pintec Technology	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.21	0.89	-0.18	-0.24	0.75	0.62	0.6	0.12	0.7	V
DHIL	0.21		0.21	-0.03	0.39	0.57	0.71	0.42	-0.4	-0.06	DHIL
DIST	0.89	0.21		-0.35	-0.3	0.75	0.63	0.51	0.01	0.63	DIST
AB	-0.18	-0.03	-0.35		0.25	-0.18	-0.2	0.03	0.03	0.04	AB
AC	-0.24	0.39	-0.3	0.25		0.06	0.2	0.16	-0.04	-0.15	AC
BN	0.75	0.57	0.75	-0.18	0.06		0.83	0.76	0.07	0.63	BN
BX	0.62	0.71	0.63	-0.2	0.2	0.83		0.77	-0.11	0.42	BX
CG	0.6	0.42	0.51	0.03	0.16	0.76	0.77		0.29	0.61	CG
DB	0.12	-0.4	0.01	0.03	-0.04	0.07	-0.11	0.29		0.48	DB
DX	0.7	-0.06	0.63	0.04	-0.15	0.63	0.42	0.61	0.48		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

DIST	+ 0.89	V
BX	+ 0.83	BN
CG	+ 0.77	BX
CG	+ 0.76	BN
BN	+ 0.75	V
BN	+ 0.75	DIST

High negative correlations

DB	- 0.4	DHIL
AB	- 0.35	DIST
AC	- 0.3	DIST
AC	- 0.24	V
BX	- 0.2	AB
BN	- 0.18	AB

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
V	0.77	0.19	0.19	2.53	0.64	(0.88)	2.33	(1.30)	7.49
DHIL	1.25	(0.04)	0.00	(1.09)	0.00	0.00	2.30	(2.85)	10.59
DIST	0.18	0.02	(0.01)	(0.98)	0.29	(0.45)	0.45	(0.18)	3.45
AB	1.49	0.12	0.07	0.81	1.44	(1.77)	3.46	(2.24)	8.80
AC	1.45	0.05	0.02	0.22	2.04	(1.48)	3.00	(3.11)	12.09
BN	1.26	0.12	0.05	1.18	1.83	(1.22)	2.46	(1.92)	9.51
BX	1.49	0.24	0.10	218.03	1.81	(1.56)	3.44	(2.84)	12.51
CG	1.58	0.22	0.10	6.54	1.73	(1.71)	3.87	(3.17)	15.08
DB	1.24	0.14	0.08	1.27	1.34	(1.42)	2.99	(2.44)	6.86
DX	0.67	0.10	0.08	1.33	0.76	(0.72)	1.14	(1.49)	3.80

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