Mars Acquisition Correlations

MARX Stock

6.83 0.23 3.48%

The current 90-days correlation between Mars Acquisition Corp and Prime Number Acquisition is 0.03 (i.e., Significant diversification). The correlation of Mars 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.

Mars Acquisition Correlation With Market

Significant diversification

The correlation between Mars Acquisition Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mars 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 Mars 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 metropolitan statistical area.

Moving against Mars Stock

0.36	FDUS	Fidus Investment Corp	Pair Corr
0.32	DB	Deutsche Bank AG	Pair Corr
0.79	RAND	Rand Capital Corp Normal Trading	Pair Corr
0.66	IPXXU	Inflection Point Acq	Pair Corr
0.41	FRHC	Freedom Holding Corp	Pair Corr
0.34	SLM	SLM Corp Sell-off Trend	Pair Corr
0.34	OPRT	Oportun Financial Corp	Pair Corr
0.33	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.32	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.31	IREN	Iris Energy	Pair Corr
0.52	RWAY	Runway Growth Finance Normal Trading	Pair Corr
0.34	SEIC	SEI Investments	Pair Corr
0.33	CACC	Credit Acceptance	Pair Corr
0.31	UMAC	Unusual Machines, Trending	Pair Corr

Related Correlations Analysis

	MARXU	PNAC	SLVRU	ADER	ICNC	CNDB	SBXC	IVCPU	SCUA	LGVC
MARXU		-0.17	0.06	-0.56	-0.48	-0.12	-0.13	0.55	-0.43	-0.05	MARXU
PNAC	-0.17		0.21	0.74	0.64	-0.2	0.32	0.07	0.77	0.06	PNAC
SLVRU	0.06	0.21		0.16	0.05	-0.32	0.04	0.08	0.13	-0.09	SLVRU
ADER	-0.56	0.74	0.16		0.81	-0.11	0.41	-0.26	0.83	0.07	ADER
ICNC	-0.48	0.64	0.05	0.81		0.01	0.53	-0.15	0.91	0.07	ICNC
CNDB	-0.12	-0.2	-0.32	-0.11	0.01		-0.06	-0.12	-0.08	0.04	CNDB
SBXC	-0.13	0.32	0.04	0.41	0.53	-0.06		-0.04	0.5	-0.04	SBXC
IVCPU	0.55	0.07	0.08	-0.26	-0.15	-0.12	-0.04		-0.01	0.02	IVCPU
SCUA	-0.43	0.77	0.13	0.83	0.91	-0.08	0.5	-0.01		0.09	SCUA
LGVC	-0.05	0.06	-0.09	0.07	0.07	0.04	-0.04	0.02	0.09		LGVC
	MARXU	PNAC	SLVRU	ADER	ICNC	CNDB	SBXC	IVCPU	SCUA	LGVC

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SCUA	+ 0.91	ICNC
SCUA	+ 0.83	ADER
ICNC	+ 0.81	ADER
SCUA	+ 0.77	PNAC
ADER	+ 0.74	PNAC
ICNC	+ 0.64	PNAC

High negative correlations

ADER	- 0.56	MARXU
ICNC	- 0.48	MARXU
SCUA	- 0.43	MARXU
CNDB	- 0.32	SLVRU
IVCPU	- 0.26	ADER
CNDB	- 0.2	PNAC

Risk-Adjusted Indicators

There is a big difference between Mars Stock performing well and Mars 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 Mars 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
MARXU	1.43	(0.64)	0.00	(1.11)	0.00	0.00	1.08	(5.32)	23.07
PNAC	0.13	0.01	(0.27)	(0.38)	0.11	(0.22)	0.28	(0.28)	1.90
SLVRU	0.39	0.00	(0.04)	0.14	0.81	(1.44)	0.77	(0.96)	9.71
ADER	0.42	0.12	0.05	8.53	0.00	(0.75)	1.20	(0.56)	3.30
ICNC	0.06	0.02	0.00	(5.50)	0.00	0.00	0.19	(0.09)	0.38
CNDB	0.03	(0.01)	0.00	7.15	0.00	0.00	0.10	(0.10)	0.38
SBXC	0.42	0.00	(0.04)	0.11	1.05	(0.73)	0.56	(0.74)	15.12
IVCPU	1.27	(0.22)	0.00	(1.47)	0.00	0.00	2.36	(2.25)	35.28
SCUA	0.06	0.01	(0.61)	2.37	0.00	(0.15)	0.10	(0.10)	0.86
LGVC	0.37	0.01	(0.07)	(0.07)	0.73	(0.68)	0.67	(0.66)	9.80

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