IB Acquisition Correlations

IBACR Stock

0.06 0.01 10.00%

The current 90-days correlation between IB Acquisition Corp and Weibo Corp is 0.05 (i.e., Significant diversification). 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IB Acquisition Correlation With Market

Modest diversification

The correlation between IB Acquisition Corp and DJI is 0.2 (i.e., Modest 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 main economic indicators.

Moving against IBACR Stock

0.54	DSAQ	Direct Selling Acqui	Pair Corr
0.52	DIST	Distoken Acquisition	Pair Corr
0.52	DYCQ	DT Cloud Acquisition	Pair Corr
0.49	YHNAU	YHN Acquisition I	Pair Corr
0.44	DTSQ	DT Cloud Star	Pair Corr
0.43	DUET	DUET Acquisition Corp	Pair Corr
0.39	NOVVU	Nova Vision Acquisition	Pair Corr
0.38	VMCA	Valuence Merger Corp	Pair Corr
0.58	EVGR	Evergreen Corp	Pair Corr
0.57	EURK	Eureka Acquisition Corp	Pair Corr
0.54	ESHA	ESH Acquisition Corp	Pair Corr
0.53	ANSCW	Agriculture Natural	Pair Corr
0.51	BAYAU	Bayview Acquisition Corp	Pair Corr
0.46	WTMA	Welsbach Technology	Pair Corr
0.44	EMCG	Embrace Change Acqui	Pair Corr
0.44	WAVSU	Western Acquisition	Pair Corr
0.44	FRLAU	Fortune Rise Acquisition	Pair Corr
0.4	DISTR	Distoken Acquisition	Pair Corr
0.4	FHLT	Future Health Esg	Pair Corr
0.38	WINV	WinVest Acquisition Corp	Pair Corr

Related Correlations Analysis

	WB	WEYS	IRDM	FKWL	SOC	TS	ACCO	RDCM
WB		-0.17	0.58	0.4	-0.23	0.32	0.05	0.28	WB
WEYS	-0.17		0.0	-0.1	0.15	0.62	0.64	0.39	WEYS
IRDM	0.58	0.0		0.53	-0.21	0.24	0.15	0.22	IRDM
FKWL	0.4	-0.1	0.53		0.07	0.02	0.14	0.04	FKWL
SOC	-0.23	0.15	-0.21	0.07		-0.18	0.07	-0.34	SOC
TS	0.32	0.62	0.24	0.02	-0.18		0.84	0.87	TS
ACCO	0.05	0.64	0.15	0.14	0.07	0.84		0.7	ACCO
RDCM	0.28	0.39	0.22	0.04	-0.34	0.87	0.7		RDCM
	WB	WEYS	IRDM	FKWL	SOC	TS	ACCO	RDCM

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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

RDCM	+ 0.87	TS
ACCO	+ 0.84	TS
RDCM	+ 0.7	ACCO
ACCO	+ 0.64	WEYS
TS	+ 0.62	WEYS
IRDM	+ 0.58	WB

High negative correlations

RDCM	- 0.34	SOC
SOC	- 0.23	WB
SOC	- 0.21	IRDM
TS	- 0.18	SOC
WEYS	- 0.17	WB
FKWL	- 0.1	WEYS

Risk-Adjusted Indicators

There is a big difference between IBACR 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WB	2.95	0.61	0.14	(77.21)	3.23	(3.37)	7.64	(5.36)	23.98
WEYS	1.90	(0.03)	0.05	0.08	2.25	(2.11)	3.09	(3.22)	25.17
IRDM	2.05	0.15	0.05	0.23	2.75	(1.94)	3.33	(4.52)	17.08
FKWL	1.40	0.03	0.01	0.13	1.77	(1.41)	2.93	(2.35)	15.19
SOC	3.81	(0.07)	0.00	0.06	5.74	(3.81)	6.52	(8.18)	32.69
TS	1.09	0.39	0.27	0.43	0.86	(1.22)	2.46	(2.38)	11.55
ACCO	1.76	0.08	0.06	0.14	1.75	(2.10)	4.87	(3.25)	11.68
RDCM	2.51	0.31	0.07	0.56	3.62	(2.56)	5.40	(5.39)	21.11

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