Cartesian Growth Correlations

RENE Stock

USD 11.76 0.01 0.09%

The current 90-days correlation between Cartesian Growth and Pyrophyte Acquisition Corp is -0.01 (i.e., Good diversification). The correlation of Cartesian Growth 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.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Cartesian Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For information on how to trade Cartesian Stock refer to our How to Trade Cartesian Stock guide.

Moving together with Cartesian Stock

0.62	APO	Apollo Global Management	Pair Corr
0.81	AXP	American Express	Pair Corr
0.79	GCMG	GCM Grosvenor	Pair Corr
0.71	GECC	Great Elm Capital	Pair Corr
0.83	MAIN	Main Street Capital	Pair Corr
0.61	SNFCA	Security National	Pair Corr
0.75	ARCC	Ares Capital Earnings Call This Week	Pair Corr
0.73	ARES	Ares Management LP	Pair Corr
0.83	C	Citigroup Earnings Call This Week	Pair Corr
0.85	V	Visa Class A Earnings Call Tomorrow	Pair Corr

Moving against Cartesian Stock

0.79	RKT	Rocket Companies	Pair Corr
0.74	WD	Walker Dunlop	Pair Corr
0.57	UWMC	UWM Holdings Corp	Pair Corr
0.35	CNF	CNFinance Holdings	Pair Corr
0.67	CB	Chubb	Pair Corr
0.65	NU	Nu Holdings Aggressive Push	Pair Corr
0.57	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.41	LU	Lufax Holding	Pair Corr

Related Correlations Analysis

	PHYT	RRAC	BACA	OAKUU	SCUA	TENK	EMCG	HPLT	BNIX	NRAC
PHYT		-0.84	0.54	0.11	-0.86	-0.44	-0.53	-0.85	-0.61	-0.71	PHYT
RRAC	-0.84		-0.65	-0.16	0.8	0.23	0.49	0.82	0.48	0.71	RRAC
BACA	0.54	-0.65		0.03	-0.53	-0.01	-0.42	-0.6	-0.25	-0.53	BACA
OAKUU	0.11	-0.16	0.03		0.11	0.07	0.04	0.1	0.22	0.12	OAKUU
SCUA	-0.86	0.8	-0.53	0.11		0.5	0.64	0.94	0.75	0.85	SCUA
TENK	-0.44	0.23	-0.01	0.07	0.5		0.26	0.47	0.78	0.58	TENK
EMCG	-0.53	0.49	-0.42	0.04	0.64	0.26		0.66	0.51	0.63	EMCG
HPLT	-0.85	0.82	-0.6	0.1	0.94	0.47	0.66		0.78	0.91	HPLT
BNIX	-0.61	0.48	-0.25	0.22	0.75	0.78	0.51	0.78		0.85	BNIX
NRAC	-0.71	0.71	-0.53	0.12	0.85	0.58	0.63	0.91	0.85		NRAC
	PHYT	RRAC	BACA	OAKUU	SCUA	TENK	EMCG	HPLT	BNIX	NRAC

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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

HPLT	+ 0.94	SCUA
NRAC	+ 0.91	HPLT
NRAC	+ 0.85	SCUA
NRAC	+ 0.85	BNIX
HPLT	+ 0.82	RRAC
SCUA	+ 0.8	RRAC

High negative correlations

SCUA	- 0.86	PHYT
HPLT	- 0.85	PHYT
RRAC	- 0.84	PHYT
NRAC	- 0.71	PHYT
BACA	- 0.65	RRAC
BNIX	- 0.61	PHYT

Risk-Adjusted Indicators

There is a big difference between Cartesian Stock performing well and Cartesian Growth 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 Cartesian Growth'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
PHYT	0.05	(0.02)	0.00	0.95	0.00	0.00	0.09	(0.26)	0.87
RRAC	0.09	0.01	(0.34)	(0.13)	0.00	(0.20)	0.35	(0.17)	1.05
BACA	0.13	(0.01)	(0.17)	(0.20)	0.22	(0.40)	0.57	(0.47)	1.51
OAKUU	0.41	0.03	(0.02)	0.66	0.74	(1.95)	2.19	(1.12)	8.58
SCUA	0.06	0.01	(0.49)	3.19	0.00	(0.15)	0.10	(0.10)	0.86
TENK	6.34	1.65	0.05	0.68	11.83	(10.59)	5.56	(0.43)	192.93
EMCG	0.15	0.03	0.00	2.70	0.00	0.00	0.60	0.00	3.66
HPLT	0.09	0.02	0.00	0.55	0.00	0.00	0.30	(0.10)	1.09
BNIX	0.29	0.06	(0.01)	1.10	0.29	(1.02)	0.99	(0.53)	6.12
NRAC	0.12	0.05	0.00	(1.08)	0.00	0.00	0.48	0.00	1.84

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Cartesian Growth Correlations

Moving together with Cartesian Stock

Moving against Cartesian Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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