Plum Acquisition Correlations

PLMJW Stock

0.20 0.01 4.76%

The current 90-days correlation between Plum Acquisition Corp and Voyager Acquisition Corp is 0.14 (i.e., Average diversification). The correlation of Plum 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.

Plum Acquisition Correlation With Market

Good diversification

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

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plum 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 inflation.

Moving together with Plum Stock

0.61

DPCS

DP Cap Acquisition

Pair Corr

Moving against Plum Stock

0.45	ROCLU	Roth CH Acquisition	Pair Corr
0.44	BAYAR	Bayview Acquisition Corp	Pair Corr
0.34	OCAXU	OCA Acquisition Corp	Pair Corr
0.7	HHGC	HHG Capital Corp	Pair Corr
0.69	GHIXU	Gores Holdings IX	Pair Corr
0.65	AOGOU	Arogo Capital Acquisition	Pair Corr
0.65	IMAQ	International Media	Pair Corr
0.64	GHIX	Gores Holdings IX	Pair Corr
0.47	INTEU	Integral Acquisition	Pair Corr
0.38	FRLA	Fortune Rise Acquisition	Pair Corr
0.37	GGAAF	Genesis Growth Tech	Pair Corr
0.36	GHIXW	Gores Holdings IX	Pair Corr
0.32	GMFI	Aetherium Acquisition	Pair Corr

Related Correlations Analysis

	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	PFTAU	PFTAW	ROCLU
VACH		-0.06	0.19	0.01	-0.56	0.1	0.43	-0.25	-0.05	VACH
YHNAR	-0.06		-0.14	0.36	-0.03	-0.14	0.02	0.11	0.03	YHNAR
YHNAU	0.19	-0.14		-0.07	-0.35	0.69	-0.04	-0.18	-0.56	YHNAU
NOEMU	0.01	0.36	-0.07		0.05	-0.02	0.01	0.1	-0.24	NOEMU
VCIC	-0.56	-0.03	-0.35	0.05		-0.49	-0.16	0.26	0.05	VCIC
DTSQ	0.1	-0.14	0.69	-0.02	-0.49		-0.04	-0.12	-0.49	DTSQ
PFTAU	0.43	0.02	-0.04	0.01	-0.16	-0.04		-0.32	-0.02	PFTAU
PFTAW	-0.25	0.11	-0.18	0.1	0.26	-0.12	-0.32		0.11	PFTAW
ROCLU	-0.05	0.03	-0.56	-0.24	0.05	-0.49	-0.02	0.11		ROCLU
	VACH	YHNAR	YHNAU	NOEMU	VCIC	DTSQ	PFTAU	PFTAW	ROCLU

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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

DTSQ	+ 0.69	YHNAU
PFTAU	+ 0.43	VACH
NOEMU	+ 0.36	YHNAR
PFTAW	+ 0.26	VCIC
YHNAU	+ 0.19	VACH
PFTAW	+ 0.11	YHNAR

High negative correlations

ROCLU	- 0.56	YHNAU
VCIC	- 0.56	VACH
ROCLU	- 0.49	DTSQ
DTSQ	- 0.49	VCIC
VCIC	- 0.35	YHNAU
PFTAW	- 0.32	PFTAU

Risk-Adjusted Indicators

There is a big difference between Plum Stock performing well and Plum 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 Plum 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
VACH	0.09	0.00	(0.45)	(0.83)	0.00	(0.17)	0.20	(0.20)	1.09
YHNAR	4.75	0.17	0.00	0.33	0.00	0.00	18.18	(8.33)	26.52
YHNAU	0.18	0.01	(0.06)	0.29	0.52	(0.36)	0.20	(0.10)	5.56
NOEMU	0.04	0.00	0.00	(2.33)	0.00	0.00	0.10	(0.10)	0.20
VCIC	0.06	0.01	0.00	(0.54)	0.00	0.00	0.20	(0.10)	0.30
DTSQ	0.05	0.00	(0.50)	1.07	0.00	(0.13)	0.20	(0.10)	0.50
PFTAU	0.22	(0.06)	0.00	(2.44)	0.00	0.00	0.27	0.00	4.63
PFTAW	14.07	2.48	0.08	(0.30)	17.01	(16.89)	39.53	(34.29)	88.50
ROCLU	0.29	(0.02)	0.00	0.18	0.00	0.00	0.00	(0.84)	7.57

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