Cactus Acquisition Correlations

Summary

CCTSUDelisted Stock

USD 11.65 0.00 0.00%

The current 90-days correlation between Cactus Acquisition Corp and Compass Digital Acquisition is 0.09 (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

Significant diversification

The correlation between Cactus Acquisition Corp and DJI is 0.02 (i.e., Significant 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Cactus Stock

0.7	MBAV	M3 Brigade Acquisition	Pair Corr
0.67	VACH	Voyager Acquisition Corp	Pair Corr
0.61	DPCS	DP Cap Acquisition	Pair Corr
0.67	DTSQ	DT Cloud Star	Pair Corr
0.66	DUET	DUET Acquisition Corp	Pair Corr
0.66	LPAAW	Launch One Acquisition	Pair Corr
0.76	RFACW	RF Acquisition Corp	Pair Corr

Moving against Cactus Stock

0.45	RENEW	Cartesian Growth	Pair Corr
0.5	AEAEU	Altenergy Acquisition	Pair Corr

Related Correlations Analysis

	CDAQU	ENTFU	PCCTU	ENERU	NCACU
CDAQU		-0.06	-0.08	-0.04	-0.06	CDAQU
ENTFU	-0.06		0.57	0.73	0.53	ENTFU
PCCTU	-0.08	0.57		0.81	0.4	PCCTU
ENERU	-0.04	0.73	0.81		0.73	ENERU
NCACU	-0.06	0.53	0.4	0.73		NCACU
	CDAQU	ENTFU	PCCTU	ENERU	NCACU

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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

ENERU	+ 0.81	PCCTU
ENERU	+ 0.73	ENTFU
NCACU	+ 0.73	ENERU
PCCTU	+ 0.57	ENTFU
NCACU	+ 0.53	ENTFU
NCACU	+ 0.4	PCCTU

High negative correlations

PCCTU	- 0.08	CDAQU
NCACU	- 0.06	CDAQU
ENTFU	- 0.06	CDAQU
ENERU	- 0.04	CDAQU

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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CDAQU	0.30	0.02	0.59	0.00	0.00	0.37	0.00	8.90
ENTFU	0.29	0.03	(2.44)	0.48	(1.11)	0.86	(0.56)	7.14
PCCTU	0.13	0.05	(1.48)	0.00	0.00	0.18	0.00	2.51
ENERU	0.06	0.02	1.07	0.00	0.00	0.10	0.00	0.97
NCACU	0.13	0.06	0.70	0.00	0.00	0.00	0.00	3.51

Cactus Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Cactus Acquisition stock to make a market-neutral strategy. Peer analysis of Cactus Acquisition could also be used in its relative valuation, which is a method of valuing Cactus Acquisition by comparing valuation metrics with similar companies.

Compass Digital Acquisition Enterprise 40 Technology Perception Capital Corp Accretion Acquisition Corp Newcourt Acquisition Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Cactus Acquisition Corporate Management

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

Still Interested in Cactus Acquisition Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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