HHL Acquisition Correlations

Summary

HHLADelisted Stock

USD 10.49 0.00 0.00%

The correlation of HHL 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.

HHL Acquisition Correlation With Market

Significant diversification

The correlation between HHL Acquisition Co and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HHL Acquisition Co and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with HHL Stock

0.84	WMT	Walmart	Pair Corr
0.75	TATT	Tat Techno	Pair Corr
0.68	AXP	American Express Earnings Call This Week	Pair Corr
0.76	CLS	Celestica	Pair Corr
0.71	QNCX	Quince Therapeutics,	Pair Corr
0.68	SOUN	SoundHound AI	Pair Corr
0.71	HBI	Hanesbrands Sell-off Trend	Pair Corr
0.69	AROC	Archrock	Pair Corr
0.7	FSK	FS KKR Capital	Pair Corr
0.68	WSM	Williams Sonoma	Pair Corr

Moving against HHL Stock

0.7	PPERY	Bank Mandiri Persero	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.62	PPERF	Bank Mandiri Persero	Pair Corr
0.6	PBCRY	Bank Central Asia Earnings Call This Week	Pair Corr
0.49	BKRKF	PT Bank Rakyat	Pair Corr
0.41	PTAIY	Astra International Tbk	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.32	SHLS	Shoals Technologies	Pair Corr
0.48	BAER	Bridger Aerospace Buyout Trend	Pair Corr

Related Correlations Analysis

	ARYD	AURC	ADRT	DTOC	OPA	APGB	AFTR	ACRO	ACAQ
ARYD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ARYD
AURC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AURC
ADRT	0.0	0.0		-0.72	-0.79	0.0	-0.86	-0.23	-0.17	ADRT
DTOC	0.0	0.0	-0.72		0.65	0.0	0.74	-0.02	0.5	DTOC
OPA	0.0	0.0	-0.79	0.65		0.0	0.87	0.05	0.31	OPA
APGB	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	APGB
AFTR	0.0	0.0	-0.86	0.74	0.87	0.0		0.12	0.34	AFTR
ACRO	0.0	0.0	-0.23	-0.02	0.05	0.0	0.12		-0.29	ACRO
ACAQ	0.0	0.0	-0.17	0.5	0.31	0.0	0.34	-0.29		ACAQ
	ARYD	AURC	ADRT	DTOC	OPA	APGB	AFTR	ACRO	ACAQ

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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

AFTR	+ 0.87	OPA
AFTR	+ 0.74	DTOC
OPA	+ 0.65	DTOC
ACAQ	+ 0.5	DTOC
ACAQ	+ 0.34	AFTR
ACAQ	+ 0.31	OPA

High negative correlations

AFTR	- 0.86	ADRT
OPA	- 0.79	ADRT
DTOC	- 0.72	ADRT
ACAQ	- 0.29	ACRO
ACRO	- 0.23	ADRT
ACAQ	- 0.17	ADRT

Risk-Adjusted Indicators

There is a big difference between HHL Stock performing well and HHL 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 HHL 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
ARYD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AURC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADRT	2.99	(0.49)	0.00	0.44	0.00	0.00	4.73	(5.49)	26.07
DTOC	0.14	0.03	0.02	0.60	0.00	(0.40)	0.58	(0.20)	1.65
OPA	0.23	0.03	0.01	0.34	0.36	(0.40)	0.58	(0.29)	4.86
APGB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AFTR	0.11	0.01	(0.02)	0.41	0.00	(0.19)	0.29	(0.19)	1.36
ACRO	0.19	0.00	(0.05)	0.05	0.31	(0.27)	0.39	(0.49)	2.45
ACAQ	0.61	0.13	0.09	1.15	0.52	(1.19)	2.10	(1.50)	7.60

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Still Interested in HHL Acquisition Co?

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.

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