Captivision Warrant Correlations

CAPTW Stock

0.02 0 7.45%

The current 90-days correlation between Captivision Warrant and 51Talk Online Education is 0.16 (i.e., Average diversification). The correlation of Captivision Warrant 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 Warrant Correlation With Market

Good diversification

The correlation between Captivision Warrant and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Captivision Warrant 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 Warrant. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Captivision Stock please use our How to Invest in Captivision Warrant guide.

Moving against Captivision Stock

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0.38	FCEL	FuelCell Energy	Pair Corr
0.38	NXU	Nxu Inc	Pair Corr
0.35	NVX	Novonix Ltd ADR	Pair Corr
0.32	XPON	Expion360	Pair Corr
0.47	SDSTW	Stardust Power Symbol Change	Pair Corr
0.42	NEOV	NeoVolta Common Stock	Pair Corr
0.41	PLUG	Plug Power	Pair Corr
0.35	POLA	Polar Power Earnings Call This Week	Pair Corr
0.43	CBAT	CBAK Energy Technology	Pair Corr
0.38	SDST	Stardust Power Symbol Change	Pair Corr

Related Correlations Analysis

	PSO	STRA	COE	EDTK	CARS	VSTA	SCHL
PSO		-0.09	0.04	-0.21	-0.33	0.51	-0.07	PSO
STRA	-0.09		0.07	0.07	0.89	-0.58	0.02	STRA
COE	0.04	0.07		0.17	-0.1	0.44	-0.7	COE
EDTK	-0.21	0.07	0.17		0.02	-0.05	-0.29	EDTK
CARS	-0.33	0.89	-0.1	0.02		-0.8	0.08	CARS
VSTA	0.51	-0.58	0.44	-0.05	-0.8		-0.43	VSTA
SCHL	-0.07	0.02	-0.7	-0.29	0.08	-0.43		SCHL
	PSO	STRA	COE	EDTK	CARS	VSTA	SCHL

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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

CARS	+ 0.89	STRA
VSTA	+ 0.51	PSO
VSTA	+ 0.44	COE
EDTK	+ 0.17	COE
SCHL	+ 0.08	CARS
COE	+ 0.07	STRA

High negative correlations

VSTA	- 0.8	CARS
SCHL	- 0.7	COE
VSTA	- 0.58	STRA
SCHL	- 0.43	VSTA
CARS	- 0.33	PSO
SCHL	- 0.29	EDTK

Risk-Adjusted Indicators

There is a big difference between Captivision Stock performing well and Captivision Warrant 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 Warrant'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
PSO	1.07	(0.01)	0.00	(0.08)	0.00	0.00	2.02	(2.27)	8.16
STRA	1.25	(0.20)	0.00	(0.37)	0.00	0.00	2.16	(2.89)	21.15
COE	2.88	0.40	0.12	(2.00)	3.19	(3.78)	9.36	(5.27)	23.94
EDTK	2.48	0.08	0.04	0.76	2.89	(3.11)	5.36	(5.21)	15.33
CARS	2.34	(0.49)	0.00	(0.32)	0.00	0.00	4.51	(4.19)	25.98
VSTA	2.84	0.90	0.21	3.01	3.35	(3.03)	6.27	(6.80)	21.46
SCHL	2.72	(0.15)	0.00	(0.31)	0.00	0.00	5.36	(4.23)	21.03

Captivision Warrant 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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