Cohen Circle Correlations

CCIRW Stock

2.19 0.14 6.83%

The current 90-days correlation between Cohen Circle Acquisition and KVH Industries is 0.17 (i.e., Average diversification). The correlation of Cohen Circle 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.

Cohen Circle Correlation With Market

Significant diversification

The correlation between Cohen Circle Acquisition and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Circle Acquisition 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 Cohen Circle Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Cohen Stock

0.88	VACH	Voyager Acquisition Corp	Pair Corr
0.95	VCIC	Vine Hill Capital	Pair Corr
0.94	DTSQ	DT Cloud Star	Pair Corr
0.84	EMCGU	Embrace Change Acqui	Pair Corr
0.9	EMCG	Embrace Change Acqui	Pair Corr
0.91	MLACU	Mountain Lake Acquisition	Pair Corr
0.89	BACQU	Bleichroeder Acquisition	Pair Corr
0.96	EURK	Eureka Acquisition Corp	Pair Corr
0.71	ANSCU	Agriculture Natural	Pair Corr
0.83	ANSCW	Agriculture Natural	Pair Corr
0.83	GDSTW	Goldenstone Acquisition	Pair Corr
0.85	GDSTU	Goldenstone Acquisition	Pair Corr
0.91	KVACU	Keen Vision Acquisition	Pair Corr
0.95	AAM	AA Mission Acquisition	Pair Corr
0.95	FACTU	FACT II Acquisition	Pair Corr
0.92	ALF	Centurion Acquisition	Pair Corr
0.94	FORL	Four Leaf Acquisition	Pair Corr
0.95	CUB	Lionheart Holdings	Pair Corr
0.87	EQV	EQV Ventures Acquisition	Pair Corr

Moving against Cohen Stock

0.86	GLST	Global Star Acquisition, Upward Rally	Pair Corr
0.55	BAYAU	Bayview Acquisition Corp	Pair Corr
0.37	FTIIU	Futuretech II Acquisition	Pair Corr
0.35	BAYAR	Bayview Acquisition Corp	Pair Corr

Related Correlations Analysis

	KVHI	ADI	SOGP	AYRO	MDIA	BCE
KVHI		0.19	-0.29	0.32	-0.14	-0.28	KVHI
ADI	0.19		0.31	-0.15	-0.03	0.03	ADI
SOGP	-0.29	0.31		-0.63	0.06	0.32	SOGP
AYRO	0.32	-0.15	-0.63		0.22	-0.35	AYRO
MDIA	-0.14	-0.03	0.06	0.22		0.09	MDIA
BCE	-0.28	0.03	0.32	-0.35	0.09		BCE
	KVHI	ADI	SOGP	AYRO	MDIA	BCE

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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

AYRO	+ 0.32	KVHI
BCE	+ 0.32	SOGP
SOGP	+ 0.31	ADI
MDIA	+ 0.22	AYRO
ADI	+ 0.19	KVHI
BCE	+ 0.09	MDIA

High negative correlations

AYRO	- 0.63	SOGP
BCE	- 0.35	AYRO
SOGP	- 0.29	KVHI
BCE	- 0.28	KVHI
AYRO	- 0.15	ADI
MDIA	- 0.14	KVHI

Risk-Adjusted Indicators

There is a big difference between Cohen Stock performing well and Cohen Circle 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 Cohen Circle'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
KVHI	1.80	(0.12)	0.00	(1.69)	0.00	0.00	2.92	(4.50)	12.61
ADI	1.60	0.02	0.00	(0.05)	0.00	0.00	2.52	(3.66)	13.98
SOGP	4.30	0.49	0.11	1.01	4.42	(5.05)	12.90	(7.80)	38.53
AYRO	3.37	(0.49)	0.00	(0.63)	0.00	0.00	7.27	(7.14)	24.60
MDIA	2.87	(0.03)	0.00	(0.23)	0.00	0.00	4.55	(6.50)	17.85
BCE	1.34	(0.07)	0.00	(0.38)	0.00	0.00	2.23	(2.88)	8.74

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