Melar Acquisition Correlations

MACI Stock

10.31 0.07 0.68%

The current 90-days correlation between Melar Acquisition Corp and Radcom is -0.06 (i.e., Good diversification). The correlation of Melar 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.

Melar Acquisition Correlation With Market

Good diversification

The correlation between Melar Acquisition Corp 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 Melar 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 Melar 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 Melar Stock

0.52	MC	Moelis Normal Trading	Pair Corr
0.48	CG	Carlyle Group Normal Trading	Pair Corr
0.45	LC	LendingClub Corp	Pair Corr
0.43	BX	Blackstone Group	Pair Corr
0.38	PX	P10 Inc	Pair Corr
0.35	BN	Brookfield Corp	Pair Corr
0.32	MS	Morgan Stanley	Pair Corr
0.55	EARN	Ellington Residential	Pair Corr
0.46	RC	Ready Capital Corp	Pair Corr
0.46	SF	Stifel Financial	Pair Corr
0.42	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.39	VRTS	Virtus Investment	Pair Corr
0.36	RM	Regional Management Corp Normal Trading	Pair Corr

Related Correlations Analysis

	RDCM	SPMMF	IMAX	BSIIU	IAS	AMP
RDCM		0.0	-0.01	-0.03	0.32	0.49	RDCM
SPMMF	0.0		0.0	0.0	0.0	0.0	SPMMF
IMAX	-0.01	0.0		0.19	0.11	-0.14	IMAX
BSIIU	-0.03	0.0	0.19		0.25	0.07	BSIIU
IAS	0.32	0.0	0.11	0.25		0.65	IAS
AMP	0.49	0.0	-0.14	0.07	0.65		AMP
	RDCM	SPMMF	IMAX	BSIIU	IAS	AMP

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

AMP	+ 0.65	IAS
AMP	+ 0.49	RDCM
IAS	+ 0.32	RDCM
IAS	+ 0.25	BSIIU
BSIIU	+ 0.19	IMAX
IAS	+ 0.11	IMAX

High negative correlations

AMP	- 0.14	IMAX
BSIIU	- 0.03	RDCM
IMAX	- 0.01	RDCM
AMP	- 0.0	SPMMF
IAS	- 0.0	SPMMF
BSIIU	- 0.0	SPMMF

Risk-Adjusted Indicators

There is a big difference between Melar Stock performing well and Melar 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 Melar 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
RDCM	2.76	0.14	0.05	0.52	3.14	(3.17)	5.75	(5.52)	21.58
SPMMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMAX	1.45	0.14	0.08	0.13	1.68	(1.49)	3.35	(2.57)	7.94
BSIIU	0.07	(0.01)	0.00	(0.30)	0.00	0.00	0.00	(0.20)	2.47
IAS	1.45	(0.16)	0.00	(0.20)	0.00	0.00	2.25	(3.51)	14.44
AMP	1.27	(0.07)	0.00	(0.09)	0.00	0.00	2.19	(3.64)	8.79

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