Cactus Acquisition Correlations

CCTS Stock

USD 11.39 0.00 0.00%

The current 90-days correlation between Cactus Acquisition Corp and Hawks Acquisition Corp is 0.06 (i.e., Significant diversification). The correlation of Cactus Acquisition 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.

Cactus Acquisition Correlation With Market

Good diversification

The correlation between Cactus Acquisition Corp and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cactus Acquisition Corp 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 Cactus Acquisition Corp. 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.

Moving against Cactus Stock

0.54	AGM	Federal Agricultural	Pair Corr
0.53	ECPG	Encore Capital Group	Pair Corr
0.44	V	Visa Class A	Pair Corr
0.44	ENVA	Enova International	Pair Corr
0.44	COF	Capital One Financial Sell-off Trend	Pair Corr
0.42	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.4	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.37	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.36	MA	Mastercard	Pair Corr
0.33	FDUS	Fidus Investment Corp	Pair Corr
0.48	NMR	Nomura Holdings ADR	Pair Corr
0.46	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.42	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.33	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.53	BITF	Bitfarms	Pair Corr
0.46	STEP	Stepstone Group	Pair Corr
0.44	CODI	Compass Diversified	Pair Corr
0.42	CNNE	Cannae Holdings	Pair Corr
0.41	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.4	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	ILXP	IOACU	HWKZ	HHGC	CREC	FATP	JWAC	FGMC	GGAA
ILXP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ILXP
IOACU	0.0		0.6	0.02	0.54	0.4	-0.22	0.41	0.24	IOACU
HWKZ	0.0	0.6		0.2	0.74	0.4	-0.49	0.42	0.13	HWKZ
HHGC	0.0	0.02	0.2		0.07	-0.19	0.22	-0.33	-0.78	HHGC
CREC	0.0	0.54	0.74	0.07		0.38	-0.44	0.41	0.18	CREC
FATP	0.0	0.4	0.4	-0.19	0.38		-0.48	0.43	0.4	FATP
JWAC	0.0	-0.22	-0.49	0.22	-0.44	-0.48		-0.57	-0.5	JWAC
FGMC	0.0	0.41	0.42	-0.33	0.41	0.43	-0.57		0.54	FGMC
GGAA	0.0	0.24	0.13	-0.78	0.18	0.4	-0.5	0.54		GGAA
	ILXP	IOACU	HWKZ	HHGC	CREC	FATP	JWAC	FGMC	GGAA

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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

CREC	+ 0.74	HWKZ
HWKZ	+ 0.6	IOACU
CREC	+ 0.54	IOACU
GGAA	+ 0.54	FGMC
FGMC	+ 0.43	FATP
FGMC	+ 0.42	HWKZ

High negative correlations

GGAA	- 0.78	HHGC
FGMC	- 0.57	JWAC
GGAA	- 0.5	JWAC
JWAC	- 0.49	HWKZ
JWAC	- 0.48	FATP
JWAC	- 0.44	CREC

Risk-Adjusted Indicators

There is a big difference between Cactus Stock performing well and Cactus Acquisition 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 Cactus Acquisition'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
ILXP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IOACU	0.39	0.08	0.00	(0.53)	0.00	0.00	0.36	0.00	9.60
HWKZ	0.18	0.01	(0.13)	(0.82)	0.27	(0.30)	0.39	(0.49)	3.19
HHGC	0.38	(0.05)	0.00	0.52	0.00	0.00	1.22	(1.37)	5.45
CREC	1.23	0.04	0.00	0.17	1.97	(1.59)	3.77	(3.11)	14.89
FATP	0.34	(0.03)	0.00	(1.15)	0.00	0.00	0.83	(0.92)	2.71
JWAC	6.92	(0.03)	0.00	0.06	13.27	(7.44)	29.88	(23.44)	94.90
FGMC	0.29	0.03	(0.05)	(0.18)	0.75	(0.46)	0.47	(0.38)	5.85
GGAA	3.49	1.59	0.43	(0.82)	1.91	(5.67)	7.08	(3.29)	81.26

Cactus Acquisition Corporate Management

CPA CPA	Chief Officer	Profile
Ofer BSc	CEO Director	Profile
MST CPA	Chief Officer	Profile
Gary Challinor	Chief Officer	Profile

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