Oceantech Acquisitions Correlations

Summary

OTECUDelisted Stock

USD 10.69 0.00 0.00%

The current 90-days correlation between Oceantech Acquisitions and Willamette Valley Vineyards is -0.13 (i.e., Good diversification). The correlation of Oceantech Acquisitions 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.

Oceantech Acquisitions Correlation With Market

Significant diversification

The correlation between Oceantech Acquisitions I and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oceantech Acquisitions I and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. 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 together with Oceantech Stock

0.66	SSNLF	Samsung Electronics	Pair Corr
0.73	PTAIF	PT Astra International	Pair Corr
0.73	PHJMF	PT Hanjaya Mandala	Pair Corr
0.68	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.61	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr

Moving against Oceantech Stock

0.7	EC	Ecopetrol SA ADR	Pair Corr
0.49	PKX	POSCO Holdings	Pair Corr
0.46	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.35	PTAIY	Astra International Tbk	Pair Corr

Related Correlations Analysis

	WVVI	DWWEF	ALK	CELH	OTLY	SKYW	KO	PEP
WVVI		0.0	-0.87	0.75	0.62	-0.82	0.77	0.81	WVVI
DWWEF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	DWWEF
ALK	-0.87	0.0		-0.79	-0.76	0.97	-0.91	-0.86	ALK
CELH	0.75	0.0	-0.79		0.73	-0.72	0.79	0.81	CELH
OTLY	0.62	0.0	-0.76	0.73		-0.79	0.82	0.71	OTLY
SKYW	-0.82	0.0	0.97	-0.72	-0.79		-0.92	-0.83	SKYW
KO	0.77	0.0	-0.91	0.79	0.82	-0.92		0.86	KO
PEP	0.81	0.0	-0.86	0.81	0.71	-0.83	0.86		PEP
	WVVI	DWWEF	ALK	CELH	OTLY	SKYW	KO	PEP

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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

SKYW	+ 0.97	ALK
PEP	+ 0.86	KO
KO	+ 0.82	OTLY
PEP	+ 0.81	WVVI
PEP	+ 0.81	CELH
KO	+ 0.79	CELH

High negative correlations

KO	- 0.92	SKYW
KO	- 0.91	ALK
ALK	- 0.87	WVVI
PEP	- 0.86	ALK
PEP	- 0.83	SKYW
SKYW	- 0.82	WVVI

Risk-Adjusted Indicators

There is a big difference between Oceantech Stock performing well and Oceantech Acquisitions 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 Oceantech Acquisitions' 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
WVVI	1.30	(0.17)	0.00	0.94	0.00	0.00	3.28	(2.87)	8.49
DWWEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ALK	1.56	0.47	0.32	0.53	0.98	(1.93)	4.71	(2.09)	9.94
CELH	2.80	(0.41)	0.00	(0.62)	0.00	0.00	5.82	(5.33)	21.65
OTLY	3.00	(0.47)	0.00	(0.10)	0.00	0.00	4.69	(5.80)	30.62
SKYW	1.36	0.38	0.34	0.31	0.90	(1.67)	3.80	(1.83)	9.51
KO	0.66	(0.20)	0.00	(1.68)	0.00	0.00	1.10	(1.66)	4.00
PEP	0.68	(0.10)	0.00	(3.07)	0.00	0.00	1.24	(1.38)	6.65

Oceantech Acquisitions 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 Oceantech Acquisitions stock to make a market-neutral strategy. Peer analysis of Oceantech Acquisitions could also be used in its relative valuation, which is a method of valuing Oceantech Acquisitions by comparing valuation metrics with similar companies.

Willamette Valley Vineyards Diamond Estates Wines Alaska Air Group Celsius Holdings Oatly Group AB SkyWest The Coca Cola PepsiCo American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Oceantech Acquisitions Corporate Management

Joseph Adir	CEO Director	Profile
MBA II	Chief Officer	Profile
Charles Baumgartner	Chief Officer	Profile
Ofer Oz	Chief Officer	Profile
Kenneth Hickling	Chief Officer	Profile

Still Interested in Oceantech Acquisitions I?

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.

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