Brilliant Acquisition Correlations
| BRLIWDelisted Stock | USD 0.05 0 8.91% |
The current 90-days correlation between Brilliant Acquisition and Edoc Acquisition Corp is 0.17 (i.e., Average diversification). The correlation of Brilliant 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.
Brilliant Acquisition Correlation With Market
Good diversification
The correlation between Brilliant Acquisition and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brilliant Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Brilliant |
Moving against Brilliant Stock
| 0.46 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.46 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.45 | HPQ | HP Inc | PairCorr |
| 0.44 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.38 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.37 | CSCO | Cisco Systems | PairCorr |
| 0.36 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.46 | 0.48 | -0.45 | -0.37 | MLACW | ||
| 0.46 | 0.38 | 0.1 | -0.44 | AGBAW | ||
| 0.48 | 0.38 | -0.45 | -0.43 | ADOCW | ||
| -0.45 | 0.1 | -0.45 | 0.18 | ERESW | ||
| -0.37 | -0.44 | -0.43 | 0.18 | GRCYW | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Brilliant Stock performing well and Brilliant 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 Brilliant 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MLACW | 23.20 | 3.88 | 0.10 | (0.65) | 24.74 | 85.51 | 251.11 | |||
| AGBAW | 6.24 | 0.19 | 0.01 | 0.73 | 7.60 | 12.50 | 57.14 | |||
| ADOCW | 18.69 | 3.02 | 0.13 | (1.89) | 16.42 | 48.57 | 192.08 | |||
| ERESW | 10.29 | 1.89 | 0.12 | (1.33) | 9.97 | 33.33 | 77.50 | |||
| GRCYW | 18.46 | 3.56 | 0.15 | 3.04 | 17.83 | 65.44 | 138.78 |
Delisting Warning - BRLIW
Brilliant Acquisition was delisted
| The entity Brilliant Acquisition with a symbol BRLIW was delisted from NASDAQ Exchange. Please try Nukkleus with a symbol NUKKW from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Brilliant Acquisition?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.