Colombier Acquisition Correlations
| CLBR Stock | USD 11.79 0.01 0.08% |
The current 90-days correlation between Colombier Acquisition and Senior Connect Acquisition is -0.25 (i.e., Very good diversification). The correlation of Colombier 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.
Colombier Acquisition Correlation With Market
Average diversification
The correlation between Colombier Acquisition Corp and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colombier Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Colombier |
Moving together with Colombier Stock
| 0.72 | FCRX | First Eagle Alternative | PairCorr |
| 0.85 | DLO | Dlocal | PairCorr |
| 0.82 | PRE | Prenetics Global | PairCorr |
| 0.66 | HTFB | Horizon Technology | PairCorr |
| 0.78 | SWKHL | SWK Holdings | PairCorr |
| 0.92 | LPAA | Launch One Acquisition | PairCorr |
| 0.75 | MACI | Melar Acquisition Corp | PairCorr |
Moving against Colombier Stock
| 0.94 | MGR | Affiliated Managers | PairCorr |
| 0.74 | FIS | Fidelity National | PairCorr |
| 0.74 | QTI | QT Imaging Holdings Symbol Change | PairCorr |
| 0.63 | HCXY | Hercules Capital | PairCorr |
| 0.56 | FAAS | DigiAsia Corp Symbol Change | PairCorr |
| 0.46 | MFI | mF International Buyout Trend | PairCorr |
| 0.4 | STSSW | Sharps Technology Warrant | PairCorr |
| 0.39 | FACT | FACT II Acquisition | PairCorr |
| 0.84 | MHLA | Maiden Holdings | PairCorr |
| 0.57 | KSPI | Joint Stock | PairCorr |
| 0.43 | JKHY | Jack Henry Associates | PairCorr |
| 0.39 | CLRCR | ClimateRock Right | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Colombier Stock performing well and Colombier 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 Colombier 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IXAQ | 0.19 | (0.01) | 0.00 | 1.16 | 0.00 | 0.26 | 7.14 | |||
| SNRH | 0.11 | 0.00 | (0.03) | (0.41) | 0.04 | 0.30 | 1.00 | |||
| LIVB | 0.09 | 0.01 | 0.00 | 1.47 | 0.00 | 0.29 | 0.67 | |||
| LATG | 1.30 | (0.15) | 0.00 | (0.37) | 0.00 | 2.34 | 37.52 | |||
| PEGR | 4.29 | (0.52) | 0.00 | (0.68) | 0.00 | 10.75 | 79.14 | |||
| CCWF | 11.51 | 2.16 | 0.08 | 0.91 | 11.45 | 50.00 | 121.82 | |||
| TMXN | 10.49 | 1.54 | 0.09 | 0.69 | 9.55 | 30.00 | 102.22 | |||
| AACIU | 0.92 | (0.04) | 0.00 | (0.10) | 0.00 | 4.19 | 19.47 | |||
| AESO | 8.73 | 0.74 | 0.03 | 0.37 | 11.18 | 32.35 | 120.71 |