Cohen Circle Correlations

CCIRW Stock

1.59 0.29 22.31%

The current 90-days correlation between Cohen Circle Acquisition and Lululemon Athletica is 0.2 (i.e., Modest 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

0.73

MLACU

Mountain Lake Acquisition

Pair Corr

Moving against Cohen Stock

0.45	BAYAU	Bayview Acquisition Corp	Pair Corr
0.31	ESHA	ESH Acquisition Corp Potential Growth	Pair Corr
0.51	CEP	Cantor Equity Partners,	Pair Corr
0.5	GLST	Global Star Acquisition,	Pair Corr
0.48	FTIIU	Futuretech II Acquisition	Pair Corr
0.43	AQU	Aquaron Acquisition Corp	Pair Corr
0.31	FTIIW	FutureTech II Acquisition	Pair Corr

Related Correlations Analysis

	LULU	FRCOF	GPC	NTGR	ZH	SE	ARHS	TV
LULU		0.11	-0.63	0.57	-0.26	0.03	0.37	-0.13	LULU
FRCOF	0.11		-0.24	-0.14	-0.36	-0.61	-0.57	-0.31	FRCOF
GPC	-0.63	-0.24		-0.53	0.49	0.4	0.09	0.64	GPC
NTGR	0.57	-0.14	-0.53		-0.12	0.19	0.37	-0.05	NTGR
ZH	-0.26	-0.36	0.49	-0.12		0.75	0.1	0.52	ZH
SE	0.03	-0.61	0.4	0.19	0.75		0.6	0.72	SE
ARHS	0.37	-0.57	0.09	0.37	0.1	0.6		0.44	ARHS
TV	-0.13	-0.31	0.64	-0.05	0.52	0.72	0.44		TV
	LULU	FRCOF	GPC	NTGR	ZH	SE	ARHS	TV

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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

SE	+ 0.75	ZH
TV	+ 0.72	SE
TV	+ 0.64	GPC
ARHS	+ 0.6	SE
NTGR	+ 0.57	LULU
TV	+ 0.52	ZH

High negative correlations

GPC	- 0.63	LULU
SE	- 0.61	FRCOF
ARHS	- 0.57	FRCOF
NTGR	- 0.53	GPC
ZH	- 0.36	FRCOF
TV	- 0.31	FRCOF

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
LULU	1.67	0.16	0.11	(1.80)	2.17	(1.74)	3.14	(3.33)	22.07
FRCOF	0.77	(0.10)	0.00	0.85	0.00	0.00	1.76	(4.75)	16.05
GPC	0.94	(0.02)	0.00	(0.13)	0.00	0.00	1.98	(2.18)	5.35
NTGR	2.07	0.13	0.05	0.06	2.66	(2.19)	4.17	(4.82)	12.12
ZH	2.84	0.63	0.27	2.32	2.22	(3.82)	7.40	(4.17)	21.55
SE	1.69	0.27	0.18	0.60	1.66	(1.93)	3.54	(2.97)	8.56
ARHS	3.18	(0.08)	0.00	(0.23)	0.00	0.00	6.09	(7.22)	29.44
TV	1.78	(0.01)	0.00	(0.11)	0.00	0.00	4.17	(4.32)	14.37

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