Conyers Park Correlations
| CPAADelisted Stock | USD 10.25 0.00 0.00% |
The current 90-days correlation between Conyers Park III and Magnum Opus Acquisition is -0.12 (i.e., Good diversification). The correlation of Conyers Park 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.
Conyers Park Correlation With Market
Weak diversification
The correlation between Conyers Park III and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conyers Park III and DJI in the same portfolio, assuming nothing else is changed.
Conyers |
Moving together with Conyers Stock
| 0.81 | SSNLF | Samsung Electronics | PairCorr |
| 0.85 | PTAIF | PT Astra International | PairCorr |
| 0.92 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.84 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.86 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.82 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.9 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.94 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.82 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against Conyers Stock
| 0.88 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.83 | EC | Ecopetrol SA ADR Sell-off Trend | PairCorr |
| 0.75 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.74 | PKX | POSCO Holdings | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.49 | PTAIY | Astra International Tbk | PairCorr |
Related Correlations Analysis
| 0.55 | -0.35 | 0.65 | 0.13 | 0.01 | OPA | ||
| 0.55 | 0.02 | 0.68 | 0.02 | 0.12 | ITAQ | ||
| -0.35 | 0.02 | -0.07 | 0.16 | 0.05 | ENCP | ||
| 0.65 | 0.68 | -0.07 | 0.05 | 0.26 | DTOC | ||
| 0.13 | 0.02 | 0.16 | 0.05 | 0.0 | GENQ | ||
| 0.01 | 0.12 | 0.05 | 0.26 | 0.0 | LGVC | ||
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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 Conyers Stock performing well and Conyers Park 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 Conyers Park'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPA | 0.23 | 0.03 | (0.14) | 3.04 | 0.36 | 0.58 | 4.86 | |||
| ITAQ | 0.18 | 0.02 | (0.27) | 2.80 | 0.11 | 0.67 | 2.30 | |||
| ENCP | 4.66 | 0.83 | 0.05 | 0.89 | 8.56 | 22.24 | 65.15 | |||
| DTOC | 0.14 | 0.03 | (0.20) | (3.47) | 0.00 | 0.58 | 1.65 | |||
| GENQ | 0.23 | (0.05) | 0.00 | 1.22 | 0.00 | 0.28 | 2.46 | |||
| LGVC | 0.37 | 0.01 | (0.09) | (0.21) | 0.73 | 0.67 | 9.80 |
Conyers Park 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 Conyers Park stock to make a market-neutral strategy. Peer analysis of Conyers Park could also be used in its relative valuation, which is a method of valuing Conyers Park by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Conyers Park Corporate Management
| David West | Chairman CoCEO | Profile | |
| James Kilts | CoChief Officer | Profile | |
| Max Papkov | VP Director | Profile | |
| Brian Ratzan | CFO Director | Profile |
Still Interested in Conyers Park III?
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