Eureka Acquisition Correlations

EURK Stock

10.28 0.01 0.1%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eureka Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eureka Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Eureka Acquisition Correlation With Market

Good diversification

The correlation between Eureka Acquisition Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eureka Acquisition Corp 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 Eureka Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Eureka Stock

0.89	VACH	Voyager Acquisition Corp	Pair Corr
0.95	VCIC	Vine Hill Capital	Pair Corr
0.96	DTSQ	DT Cloud Star	Pair Corr
0.81	EMCGU	Embrace Change Acqui	Pair Corr
0.87	EMCG	Embrace Change Acqui	Pair Corr
0.91	MLACU	Mountain Lake Acquisition	Pair Corr
0.89	BACQU	Bleichroeder Acquisition	Pair Corr
0.67	ANSCU	Agriculture Natural	Pair Corr
0.78	ANSCW	Agriculture Natural	Pair Corr
0.87	GDSTW	Goldenstone Acquisition	Pair Corr
0.82	GDSTU	Goldenstone Acquisition	Pair Corr
0.93	KVACU	Keen Vision Acquisition	Pair Corr
0.97	AAM	AA Mission Acquisition	Pair Corr
0.92	FACTU	FACT II Acquisition	Pair Corr
0.92	ALF	Centurion Acquisition	Pair Corr
0.95	FORL	Four Leaf Acquisition	Pair Corr
0.98	CUB	Lionheart Holdings	Pair Corr
0.87	EQV	EQV Ventures Acquisition	Pair Corr

Moving against Eureka Stock

0.91	GLST	Global Star Acquisition, Upward Rally	Pair Corr
0.52	BAYAU	Bayview Acquisition Corp	Pair Corr
0.43	FTIIU	Futuretech II Acquisition	Pair Corr
0.35	KVACW	Keen Vision Acquisition	Pair Corr
0.33	BAYAR	Bayview Acquisition Corp	Pair Corr

Related Correlations Analysis

	HTZWW	PNNT	URI	ALCIF	ORI	LLESY	GSHD	FSLUF
HTZWW		0.27	0.39	0.0	0.29	0.33	0.2	0.0	HTZWW
PNNT	0.27		-0.53	0.0	0.68	-0.21	0.64	0.0	PNNT
URI	0.39	-0.53		0.0	-0.42	0.2	-0.54	0.0	URI
ALCIF	0.0	0.0	0.0		0.0	0.0	0.0	-1.0	ALCIF
ORI	0.29	0.68	-0.42	0.0		0.04	0.87	0.0	ORI
LLESY	0.33	-0.21	0.2	0.0	0.04		0.16	0.0	LLESY
GSHD	0.2	0.64	-0.54	0.0	0.87	0.16		0.0	GSHD
FSLUF	0.0	0.0	0.0	-1.0	0.0	0.0	0.0		FSLUF
	HTZWW	PNNT	URI	ALCIF	ORI	LLESY	GSHD	FSLUF

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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

GSHD	+ 0.87	ORI
ORI	+ 0.68	PNNT
GSHD	+ 0.64	PNNT
URI	+ 0.39	HTZWW
LLESY	+ 0.33	HTZWW
ORI	+ 0.29	HTZWW

High negative correlations

FSLUF	- 1.0	ALCIF
GSHD	- 0.54	URI
URI	- 0.53	PNNT
ORI	- 0.42	URI
LLESY	- 0.21	PNNT
FSLUF	- 0.0	GSHD

Risk-Adjusted Indicators

There is a big difference between Eureka Stock performing well and Eureka 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 Eureka 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
HTZWW	3.23	(0.09)	0.00	(0.09)	0.00	0.00	6.97	(7.73)	22.89
PNNT	0.79	0.13	0.10	0.32	1.30	(0.85)	1.86	(1.44)	7.49
URI	1.81	(0.18)	0.00	(0.16)	0.00	0.00	3.01	(3.86)	11.30
ALCIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ORI	0.93	0.16	0.12	0.16	1.26	(0.90)	2.16	(2.20)	6.06
LLESY	1.79	(0.27)	0.00	(2.73)	0.00	0.00	4.16	(7.21)	19.90
GSHD	2.16	0.22	0.09	0.15	2.39	(2.41)	4.49	(4.92)	21.17
FSLUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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