Industrial Tech Correlations
| ITAQDelisted Stock | USD 10.62 0.00 0.00% |
The current 90-days correlation between Industrial Tech Acqu and Magnum Opus Acquisition is -0.03 (i.e., Good diversification). The correlation of Industrial Tech 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.
Industrial Tech Correlation With Market
Good diversification
The correlation between Industrial Tech Acquisitions 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 Industrial Tech Acquisitions and DJI in the same portfolio, assuming nothing else is changed.
Industrial |
Moving together with Industrial Stock
| 0.64 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.74 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.62 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.68 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Industrial Stock
| 0.61 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.6 | BKRKY | Bank Rakyat | PairCorr |
| 0.58 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.57 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.57 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.55 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.54 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.53 | PBCRY | Bank Central Asia | PairCorr |
| 0.47 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.46 | PBCRF | PT Bank Central | PairCorr |
Related Correlations Analysis
| 0.83 | -0.35 | 0.65 | 0.13 | 0.01 | OPA | ||
| 0.83 | -0.32 | 0.79 | 0.27 | 0.07 | CPAA | ||
| -0.35 | -0.32 | -0.07 | 0.16 | 0.05 | ENCP | ||
| 0.65 | 0.79 | -0.07 | 0.05 | 0.26 | DTOC | ||
| 0.13 | 0.27 | 0.16 | 0.05 | 0.0 | GENQ | ||
| 0.01 | 0.07 | 0.05 | 0.26 | 0.0 | LGVC | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Industrial Stock performing well and Industrial Tech 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 Industrial Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPA | 0.23 | 0.03 | (0.12) | (3.17) | 0.36 | 0.58 | 4.86 | |||
| CPAA | 0.07 | 0.01 | (0.84) | (1.08) | 0.00 | 0.20 | 0.30 | |||
| ENCP | 4.66 | 1.07 | 0.05 | (1.14) | 8.56 | 22.24 | 65.15 | |||
| DTOC | 0.14 | 0.02 | (0.18) | 0.32 | 0.00 | 0.58 | 1.65 | |||
| GENQ | 0.23 | (0.06) | 0.00 | (0.93) | 0.00 | 0.28 | 2.46 | |||
| LGVC | 0.37 | (0.01) | (0.09) | 0.03 | 0.73 | 0.67 | 9.80 |
Industrial Tech Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Industrial Tech stock to make a market-neutral strategy. Peer analysis of Industrial Tech could also be used in its relative valuation, which is a method of valuing Industrial Tech by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Industrial Tech Acquisitions?
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.