Bukit Jalil Correlations

BUJAR Stock

0.17 0.04 30.77%

The current 90-days correlation between Bukit Jalil Global and Palomar Holdings is -0.21 (i.e., Very good diversification). The correlation of Bukit Jalil 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.

Bukit Jalil Correlation With Market

Good diversification

The correlation between Bukit Jalil Global and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bukit Jalil Global 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 Bukit Jalil Global. 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 Bukit Stock

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0.46	NOEMU	CO2 Energy Transition	Pair Corr
0.38	VCIC	Vine Hill Capital	Pair Corr
0.38	DYCQ	DT Cloud Acquisition	Pair Corr
0.37	PWUPW	PowerUp Acquisition Corp Symbol Change	Pair Corr
0.37	EMCGU	Embrace Change Acqui	Pair Corr
0.35	DTSQ	DT Cloud Star	Pair Corr
0.62	FACT	FACT II Acquisition	Pair Corr
0.6	BSIIW	BSIIW	Pair Corr
0.57	EQV	EQV Ventures Acquisition	Pair Corr
0.56	ANSCU	Agriculture Natural	Pair Corr
0.43	AQU	Aquaron Acquisition Corp	Pair Corr
0.42	FVN	Future Vision II	Pair Corr
0.4	AAM	AA Mission Acquisition	Pair Corr
0.4	ALF	Centurion Acquisition	Pair Corr
0.33	GDSTR	Goldenstone Acquisition	Pair Corr
0.33	CUB	Lionheart Holdings	Pair Corr
0.33	GIG	GigCapital7 Corp Class	Pair Corr
0.32	FORL	Four Leaf Acquisition	Pair Corr

Related Correlations Analysis

	PLMR	CNTMF	PKIN	MGPI	ALHC	DIISY	COCO	CNFRZ
PLMR		-0.44	0.08	-0.48	0.39	0.31	0.15	-0.04	PLMR
CNTMF	-0.44		-0.07	0.58	-0.27	-0.51	-0.23	-0.22	CNTMF
PKIN	0.08	-0.07		0.04	-0.14	0.04	0.29	-0.19	PKIN
MGPI	-0.48	0.58	0.04		-0.69	-0.67	-0.21	-0.58	MGPI
ALHC	0.39	-0.27	-0.14	-0.69		0.5	0.18	0.68	ALHC
DIISY	0.31	-0.51	0.04	-0.67	0.5		0.13	0.5	DIISY
COCO	0.15	-0.23	0.29	-0.21	0.18	0.13		0.15	COCO
CNFRZ	-0.04	-0.22	-0.19	-0.58	0.68	0.5	0.15		CNFRZ
	PLMR	CNTMF	PKIN	MGPI	ALHC	DIISY	COCO	CNFRZ

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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

CNFRZ	+ 0.68	ALHC
MGPI	+ 0.58	CNTMF
DIISY	+ 0.5	ALHC
CNFRZ	+ 0.5	DIISY
ALHC	+ 0.39	PLMR
DIISY	+ 0.31	PLMR

High negative correlations

ALHC	- 0.69	MGPI
DIISY	- 0.67	MGPI
CNFRZ	- 0.58	MGPI
DIISY	- 0.51	CNTMF
MGPI	- 0.48	PLMR
CNTMF	- 0.44	PLMR

Risk-Adjusted Indicators

There is a big difference between Bukit Stock performing well and Bukit Jalil 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 Bukit Jalil'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
PLMR	1.70	0.33	0.17	0.31	1.80	(1.96)	3.60	(2.78)	17.13
CNTMF	4.09	(0.36)	0.00	(2.32)	0.00	0.00	9.41	(9.30)	33.73
PKIN	0.07	(0.01)	0.00	(0.46)	0.00	0.00	0.09	0.00	1.99
MGPI	1.79	(0.51)	0.00	2.15	0.00	0.00	3.23	(4.39)	10.20
ALHC	2.38	0.55	0.17	0.27	2.69	(2.58)	4.56	(4.55)	21.92
DIISY	2.07	1.01	0.49	57.31	0.00	(4.07)	5.12	(2.01)	30.05
COCO	1.45	(0.13)	0.00	3.12	0.00	0.00	3.28	(4.42)	19.52
CNFRZ	1.59	0.19	0.05	0.30	2.15	(4.52)	7.21	(5.33)	17.36

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