Energem Corp Correlations
The current 90-days correlation between Energem Corp and Magnum Opus Acquisition is -0.09 (i.e., Good diversification). The correlation of Energem Corp 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.
Energem Corp Correlation With Market
Significant diversification
The correlation between Energem Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Energem Corp and DJI in the same portfolio, assuming nothing else is changed.
Energem |
Moving against Energem Stock
| 0.45 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.41 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.39 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.83 | 0.55 | 0.65 | 0.13 | 0.01 | OPA | ||
| 0.83 | 0.66 | 0.79 | 0.27 | 0.07 | CPAA | ||
| 0.55 | 0.66 | 0.68 | 0.02 | 0.12 | ITAQ | ||
| 0.65 | 0.79 | 0.68 | 0.05 | 0.26 | DTOC | ||
| 0.13 | 0.27 | 0.02 | 0.05 | 0.0 | GENQ | ||
| 0.01 | 0.07 | 0.12 | 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 Energem Stock performing well and Energem Corp 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 Energem Corp'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 | |||
| CPAA | 0.07 | 0.00 | (0.93) | 0.17 | 0.00 | 0.20 | 0.30 | |||
| ITAQ | 0.18 | 0.02 | (0.27) | 2.80 | 0.11 | 0.67 | 2.30 | |||
| 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 |
Delisting Warning - ENCP
Energem Corp was delisted
| The entity Energem Corp with a symbol ENCP was delisted from NASDAQ Exchange. Please try Graphjet Technology with a symbol GTI from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Energem 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.