Kairous Acquisition Correlations

KACLR Stock

USD 0.07 0.00 0.00%

The current 90-days correlation between Kairous Acquisition Corp and Visa Class A is -0.04 (i.e., Good diversification). The correlation of Kairous 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.

Kairous Acquisition Correlation With Market

Average diversification

The correlation between Kairous Acquisition Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kairous Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kairous 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 bureau of economic analysis.

Moving against Kairous Stock

0.59	LU	Lufax Holding	Pair Corr
0.39	DB	Deutsche Bank AG	Pair Corr
0.49	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.38	VMCA	Valuence Merger Corp	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.6	0.92	0.45	0.52	0.89	0.91	0.81	-0.08	0.66	V
DHIL	0.6		0.54	0.23	0.27	0.67	0.67	0.48	-0.3	0.42	DHIL
DIST	0.92	0.54		0.32	0.44	0.89	0.86	0.75	-0.08	0.62	DIST
AB	0.45	0.23	0.32		0.77	0.41	0.55	0.72	-0.05	0.26	AB
AC	0.52	0.27	0.44	0.77		0.54	0.61	0.79	0.11	0.29	AC
BN	0.89	0.67	0.89	0.41	0.54		0.9	0.83	0.05	0.7	BN
BX	0.91	0.67	0.86	0.55	0.61	0.9		0.88	-0.12	0.68	BX
CG	0.81	0.48	0.75	0.72	0.79	0.83	0.88		0.04	0.49	CG
DB	-0.08	-0.3	-0.08	-0.05	0.11	0.05	-0.12	0.04		0.19	DB
DX	0.66	0.42	0.62	0.26	0.29	0.7	0.68	0.49	0.19		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

DIST	+ 0.92	V
BX	+ 0.91	V
BX	+ 0.9	BN
BN	+ 0.89	V
BN	+ 0.89	DIST
CG	+ 0.88	BX

High negative correlations

DB	- 0.3	DHIL
DB	- 0.12	BX
DB	- 0.08	DIST
DB	- 0.08	V
DB	- 0.05	AB

Risk-Adjusted Indicators

There is a big difference between Kairous Stock performing well and Kairous 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 Kairous 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
V	0.84	0.15	0.10	0.19	1.16	(0.89)	1.65	(1.43)	7.49
DHIL	1.19	(0.14)	0.00	(0.07)	0.00	0.00	2.20	(2.64)	10.43
DIST	0.19	0.04	0.02	(2.75)	0.26	(0.39)	0.45	(0.18)	3.45
AB	1.18	0.10	0.08	0.16	1.08	(1.47)	2.84	(2.14)	7.82
AC	1.31	0.15	0.07	0.22	1.80	(1.36)	3.00	(2.64)	12.09
BN	1.12	0.08	0.06	0.09	1.39	(1.24)	2.30	(1.89)	9.51
BX	1.36	0.09	0.05	0.08	1.66	(1.44)	3.21	(2.84)	12.51
CG	1.51	0.16	0.10	0.11	1.63	(1.68)	4.10	(3.08)	15.08
DB	1.21	(0.01)	(0.02)	(0.01)	1.45	(1.34)	2.99	(2.44)	6.86
DX	0.74	(0.01)	(0.02)	0.00	1.08	(0.69)	1.13	(1.75)	3.83

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