Denali Capital Correlations

DECA Stock

USD 11.88 0.00 0.00%

The current 90-days correlation between Denali Capital Acqui and Welsbach Technology Metals is 0.09 (i.e., Significant diversification). The correlation of Denali Capital 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.

Denali Capital Correlation With Market

Average diversification

The correlation between Denali Capital Acquisition and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Denali Capital Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denali Capital 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 main economic indicators.

Moving together with Denali Stock

0.75	V	Visa Class A	Pair Corr
0.67	BN	Brookfield Corp	Pair Corr
0.63	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.76	LC	LendingClub Corp	Pair Corr
0.81	LX	Lexinfintech Holdings	Pair Corr
0.69	MA	Mastercard	Pair Corr
0.74	PX	P10 Inc	Pair Corr
0.77	QD	Qudian Inc	Pair Corr
0.61	GCMGW	GCM Grosvenor	Pair Corr
0.71	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.64	ENVA	Enova International	Pair Corr
0.65	EZPW	EZCORP Inc Normal Trading	Pair Corr
0.79	FDUS	Fidus Investment Corp	Pair Corr
0.64	FINV	FinVolution Group	Pair Corr

Moving against Denali Stock

0.84	XP	Xp Inc	Pair Corr
0.61	WD	Walker Dunlop	Pair Corr
0.56	LU	Lufax Holding	Pair Corr
0.55	WU	Western Union	Pair Corr
0.34	PT	Pintec Technology	Pair Corr
0.64	CNF	CNFinance Holdings	Pair Corr
0.61	UWMC	UWM Holdings Corp	Pair Corr
0.59	FCFS	FirstCash	Pair Corr

Related Correlations Analysis

	FMIV	PTWOU	WTMA	BRACU	GFGD	JAQCU	SPCMU	FLFV	GMFIU
FMIV		-0.45	0.58	-0.54	0.79	0.72	0.28	-0.42	0.55	FMIV
PTWOU	-0.45		-0.69	0.46	-0.65	-0.64	-0.23	0.33	-0.44	PTWOU
WTMA	0.58	-0.69		-0.31	0.8	0.91	0.22	-0.48	0.48	WTMA
BRACU	-0.54	0.46	-0.31		-0.56	-0.36	-0.27	0.11	-0.35	BRACU
GFGD	0.79	-0.65	0.8	-0.56		0.9	0.48	-0.42	0.65	GFGD
JAQCU	0.72	-0.64	0.91	-0.36	0.9		0.35	-0.49	0.54	JAQCU
SPCMU	0.28	-0.23	0.22	-0.27	0.48	0.35		0.01	0.22	SPCMU
FLFV	-0.42	0.33	-0.48	0.11	-0.42	-0.49	0.01		-0.25	FLFV
GMFIU	0.55	-0.44	0.48	-0.35	0.65	0.54	0.22	-0.25		GMFIU
	FMIV	PTWOU	WTMA	BRACU	GFGD	JAQCU	SPCMU	FLFV	GMFIU

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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

JAQCU	+ 0.91	WTMA
JAQCU	+ 0.9	GFGD
GFGD	+ 0.8	WTMA
GFGD	+ 0.79	FMIV
JAQCU	+ 0.72	FMIV
GMFIU	+ 0.65	GFGD

High negative correlations

WTMA	- 0.69	PTWOU
GFGD	- 0.65	PTWOU
JAQCU	- 0.64	PTWOU
GFGD	- 0.56	BRACU
BRACU	- 0.54	FMIV
FLFV	- 0.49	JAQCU

Risk-Adjusted Indicators

There is a big difference between Denali Stock performing well and Denali Capital 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 Denali Capital'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
FMIV	0.11	0.02	0.04	4.71	0.00	(0.30)	0.49	(0.29)	1.17
PTWOU	3.93	0.06	0.00	0.12	6.62	(9.34)	14.07	(12.76)	52.21
WTMA	0.45	0.13	0.11	(1.01)	0.20	(1.78)	0.90	(0.54)	8.79
BRACU	0.05	(0.02)	0.00	(2.74)	0.00	0.00	0.00	0.00	2.11
GFGD	0.09	0.02	0.08	(3.93)	0.00	(0.17)	0.19	(0.19)	0.97
JAQCU	0.09	0.03	0.00	0.90	0.00	0.00	0.39	0.00	1.38
SPCMU	0.22	0.02	0.01	0.34	0.55	(0.60)	0.47	(0.38)	8.48
FLFV	3.97	(1.94)	0.00	(4.65)	0.00	0.00	0.83	(16.10)	78.38
GMFIU	0.63	0.01	0.00	0.18	1.14	(2.60)	3.07	(2.62)	9.13

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