Inception Growth Correlations

IGTA Stock

USD 11.75 0.09 0.77%

The current 90-days correlation between Inception Growth Acq and Valuence Merger Corp is 0.05 (i.e., Significant diversification). The correlation of Inception Growth 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.

Inception Growth Correlation With Market

Significant diversification

The correlation between Inception Growth Acquisition and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inception Growth Acquisition 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 Inception Growth Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Inception Stock

0.75	V	Visa Class A	Pair Corr
0.73	MA	Mastercard	Pair Corr
0.69	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.79	ENVA	Enova International	Pair Corr
0.92	FDUS	Fidus Investment Corp	Pair Corr
0.67	FINV	FinVolution Group	Pair Corr
0.76	AGM	Federal Agricultural	Pair Corr
0.71	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.75	COF	Capital One Financial Sell-off Trend	Pair Corr
0.77	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.86	FRHC	Freedom Holding Corp	Pair Corr
0.8	NMR	Nomura Holdings ADR	Pair Corr
0.89	SLM	SLM Corp Sell-off Trend	Pair Corr
0.8	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.62	IPXXU	Inflection Point Acq	Pair Corr
0.79	IREN	Iris Energy	Pair Corr
0.63	LRFC	Logan Ridge Finance	Pair Corr
0.66	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.88	OPRT	Oportun Financial Corp	Pair Corr
0.8	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.8	RWAY	Runway Growth Finance Normal Trading	Pair Corr
0.81	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.79	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against Inception Stock

0.54	WU	Western Union	Pair Corr
0.54	FCFS	FirstCash	Pair Corr
0.69	ORGN	Origin Materials	Pair Corr
0.54	PFLT	PennantPark Floating Rate	Pair Corr
0.5	GROW	US Global Investors	Pair Corr
0.46	MCVT	Mill City Ventures	Pair Corr

Related Correlations Analysis

	AACIU	ESACU	VMCA	PCCT	VMCAW	FXCO	FSNB	PCCTW
AACIU		0.06	-0.03	-0.08	0.14	-0.15	-0.01	0.07	AACIU
ESACU	0.06		0.26	0.33	-0.24	0.75	0.71	0.78	ESACU
VMCA	-0.03	0.26		0.26	0.44	0.37	0.2	0.33	VMCA
PCCT	-0.08	0.33	0.26		-0.01	0.71	0.64	0.68	PCCT
VMCAW	0.14	-0.24	0.44	-0.01		-0.05	-0.15	-0.07	VMCAW
FXCO	-0.15	0.75	0.37	0.71	-0.05		0.89	0.75	FXCO
FSNB	-0.01	0.71	0.2	0.64	-0.15	0.89		0.63	FSNB
PCCTW	0.07	0.78	0.33	0.68	-0.07	0.75	0.63		PCCTW
	AACIU	ESACU	VMCA	PCCT	VMCAW	FXCO	FSNB	PCCTW

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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

FSNB	+ 0.89	FXCO
PCCTW	+ 0.78	ESACU
FXCO	+ 0.75	ESACU
PCCTW	+ 0.75	FXCO
FSNB	+ 0.71	ESACU
FXCO	+ 0.71	PCCT

High negative correlations

VMCAW	- 0.24	ESACU
FSNB	- 0.15	VMCAW
FXCO	- 0.15	AACIU
PCCT	- 0.08	AACIU
PCCTW	- 0.07	VMCAW
FXCO	- 0.05	VMCAW

Risk-Adjusted Indicators

There is a big difference between Inception Stock performing well and Inception Growth 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 Inception Growth'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
AACIU	0.92	(0.13)	0.00	(0.04)	0.00	0.00	4.19	(4.43)	19.47
ESACU	0.29	0.12	0.00	1.38	0.00	0.00	0.00	0.00	6.64
VMCA	0.06	(0.01)	(0.47)	6.08	0.07	(0.17)	0.17	(0.17)	0.70
PCCT	0.43	0.08	(0.01)	(0.26)	0.65	(1.25)	0.75	(0.83)	9.56
VMCAW	15.64	3.27	0.20	0.51	12.07	(36.17)	47.81	(28.00)	201.34
FXCO	0.10	0.03	0.00	(2.36)	0.00	0.00	0.47	0.00	1.66
FSNB	0.10	0.02	(0.41)	2.06	0.00	(0.18)	0.19	(0.19)	0.97
PCCTW	16.80	6.86	0.42	5.52	9.14	(30.78)	20.00	(18.18)	490.25

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