IB Acquisition Correlations

Stocks . USA . 
Stock . IB Acquisition Corp
IBAC Stock   10.30  0.01  0.1%   
The correlation of IB 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.

IB Acquisition Correlation With Market

Good diversification

The correlation between IB Acquisition Corp and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IB Acquisition Corp 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, which includes a position in IB 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 nation.

Moving together with IBAC Stock

  0.66V Visa Class APairCorr
  0.92DB Deutsche Bank AGPairCorr
  0.89DX Dynex CapitalPairCorr
  0.72LU Lufax HoldingPairCorr
  0.92LX Lexinfintech HoldingsPairCorr
  0.81XP Xp IncPairCorr
  0.69DMYY dMY Squared TechnologyPairCorr
  0.92DYCQ DT Cloud AcquisitionPairCorr
  0.85EMCGU Embrace Change AcquiPairCorr

Moving against IBAC Stock

  0.89LC LendingClub Corp Sell-off TrendPairCorr
  0.79RC Ready Capital CorpPairCorr
  0.72BX Blackstone Group Normal TradingPairCorr
  0.65DHIL Diamond Hill InvestmentPairCorr
  0.64WD Walker DunlopPairCorr
  0.61MC MoelisPairCorr
  0.57CG Carlyle Group Normal TradingPairCorr
  0.54PX P10 IncPairCorr
  0.45BN Brookfield CorpPairCorr
  0.45SF Stifel FinancialPairCorr
  0.33RM Regional Management Corp Normal TradingPairCorr
  0.88VRTS Virtus InvestmentPairCorr
  0.84WT WisdomTreePairCorr
  0.66ECPG Encore Capital GroupPairCorr
  0.65LGHLW Lion Financial GroupPairCorr
  0.49EARN Ellington Residential Potential GrowthPairCorr
  0.46VCTR Victory Capital HoldingsPairCorr
  0.35ESHA ESH Acquisition CorpPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
UEC
+ 0.9
JELD
UEC
+ 0.86
VMC
JELD
+ 0.84
VMC
UEC
+ 0.82
MCRUF
MCRUF
+ 0.7
VMC
JELD
+ 0.66
MCRUF
  
High negative correlations   
MAKOF
- 0.66
MCRUF
UEC
- 0.59
MAKOF
MAKOF
- 0.54
JELD
MAKOF
- 0.34
VMC
MAKOF
- 0.31
IPXXU
UEC
- 0.0
KRMMF

Risk-Adjusted Indicators

There is a big difference between IBAC Stock performing well and IB 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 IB 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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY