Captivision Ordinary Correlations

CAPT Stock

0.54 0.05 10.20%

The current 90-days correlation between Captivision Ordinary and NuRAN Wireless is 0.01 (i.e., Significant diversification). The correlation of Captivision Ordinary 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.

Captivision Ordinary Correlation With Market

Good diversification

The correlation between Captivision Ordinary Shares and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Captivision Ordinary Shares 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 Captivision Ordinary Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving against Captivision Stock

0.53	CRH	CRH PLC ADR	Pair Corr
0.43	X	United States Steel Sell-off Trend	Pair Corr
0.41	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.37	AU	AngloGold Ashanti plc Sell-off Trend	Pair Corr
0.34	CX	Cemex SAB de	Pair Corr
0.58	RS	Reliance Steel Aluminum	Pair Corr
0.47	WLKP	Westlake Chemical	Pair Corr
0.38	NB	NioCorp Developments	Pair Corr
0.37	VZLA	Vizsla Resources Corp	Pair Corr
0.35	MP	MP Materials Corp	Pair Corr
0.32	HL	Hecla Mining	Pair Corr
0.31	DD	Dupont De Nemours	Pair Corr

Related Correlations Analysis

	DRETF	BXP	ELVA	NRRWF	PMNXF	CRESY	SHIM	PKE
DRETF		0.37	-0.67	0.31	-0.31	0.02	0.22	0.02	DRETF
BXP	0.37		0.04	-0.12	-0.66	0.69	0.82	0.73	BXP
ELVA	-0.67	0.04		-0.13	0.08	0.35	0.13	0.41	ELVA
NRRWF	0.31	-0.12	-0.13		0.1	-0.29	-0.19	-0.14	NRRWF
PMNXF	-0.31	-0.66	0.08	0.1		-0.73	-0.85	-0.53	PMNXF
CRESY	0.02	0.69	0.35	-0.29	-0.73		0.86	0.76	CRESY
SHIM	0.22	0.82	0.13	-0.19	-0.85	0.86		0.78	SHIM
PKE	0.02	0.73	0.41	-0.14	-0.53	0.76	0.78		PKE
	DRETF	BXP	ELVA	NRRWF	PMNXF	CRESY	SHIM	PKE

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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

SHIM	+ 0.86	CRESY
SHIM	+ 0.82	BXP
PKE	+ 0.78	SHIM
PKE	+ 0.76	CRESY
PKE	+ 0.73	BXP
CRESY	+ 0.69	BXP

High negative correlations

SHIM	- 0.85	PMNXF
CRESY	- 0.73	PMNXF
ELVA	- 0.67	DRETF
PMNXF	- 0.66	BXP
PKE	- 0.53	PMNXF
PMNXF	- 0.31	DRETF

Risk-Adjusted Indicators

There is a big difference between Captivision Stock performing well and Captivision Ordinary 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 Captivision Ordinary'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
DRETF	0.91	(0.24)	0.00	(0.75)	0.00	0.00	1.48	(2.57)	14.11
BXP	1.65	(0.21)	0.00	0.52	0.00	0.00	2.43	(3.90)	9.26
ELVA	2.99	0.26	0.09	4.76	2.92	(3.56)	7.54	(4.58)	17.61
NRRWF	1.60	(0.21)	0.00	(0.51)	0.00	0.00	0.00	(5.33)	41.67
PMNXF	1.82	0.23	0.09	(0.91)	1.89	(2.55)	4.65	(3.26)	10.01
CRESY	2.07	(0.15)	0.00	(0.40)	0.00	0.00	4.24	(4.15)	11.90
SHIM	3.43	(0.34)	0.00	(0.22)	0.00	0.00	6.83	(9.21)	25.88
PKE	1.27	(0.01)	0.00	(0.01)	0.00	0.00	2.27	(2.94)	7.97

Captivision Ordinary Corporate Management

Anthony Page	Chief Officer	Profile
Ryan Littman	Chief Officer	Profile
Anthony CFA	Chief Officer	Profile
Alexander Marcinkowski	Senior Markets	Profile

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