Coliseum Acquisition Correlations

MITAU Stock

USD 11.05 0.00 0.00%

The current 90-days correlation between Coliseum Acquisition Corp and Zimmer Energy Transition is -0.05 (i.e., Good diversification). The correlation of Coliseum 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.

Coliseum Acquisition Correlation With Market

Significant diversification

The correlation between Coliseum Acquisition Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coliseum 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 Coliseum 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 nation.

Moving against Coliseum Stock

0.56	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.34	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	ZTAQU	FICVU	JUGGU	DNAB	FWAC
ZTAQU		-0.1	0.46	0.49	0.32	ZTAQU
FICVU	-0.1		-0.24	-0.16	-0.15	FICVU
JUGGU	0.46	-0.24		0.66	0.57	JUGGU
DNAB	0.49	-0.16	0.66		0.83	DNAB
FWAC	0.32	-0.15	0.57	0.83		FWAC
	ZTAQU	FICVU	JUGGU	DNAB	FWAC

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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

FWAC	+ 0.83	DNAB
DNAB	+ 0.66	JUGGU
FWAC	+ 0.57	JUGGU
DNAB	+ 0.49	ZTAQU
JUGGU	+ 0.46	ZTAQU
FWAC	+ 0.32	ZTAQU

High negative correlations

JUGGU	- 0.24	FICVU
DNAB	- 0.16	FICVU
FWAC	- 0.15	FICVU
FICVU	- 0.1	ZTAQU

Risk-Adjusted Indicators

There is a big difference between Coliseum Stock performing well and Coliseum 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 Coliseum 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
ZTAQU	0.39	(0.01)	(0.06)	0.07	0.87	(0.83)	0.89	(0.49)	8.84
FICVU	0.21	0.00	(0.05)	0.04	0.67	(0.78)	0.29	(0.19)	9.40
JUGGU	0.16	0.00	(0.11)	0.06	0.32	(0.52)	0.48	(0.58)	3.07
DNAB	0.06	0.01	(0.85)	1.30	0.00	(0.12)	0.10	(0.10)	0.49
FWAC	1.23	0.22	0.05	2.65	1.23	(2.06)	4.00	(3.33)	8.95

Coliseum Acquisition Corporate Management

Oanh Truong	Chief Officer	Profile
Jason Stein	CoCEO Director	Profile
Jason Beren	Chief Officer	Profile
Daniel Haimovic	CoCEO Director	Profile
Andrew Esq	COO Counsel	Profile

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