Cartesian Growth Correlations

RENEU Stock

USD 11.69 0.00 0.00%

The current 90-days correlation between Cartesian Growth and Investcorp India Acquisition is 0.07 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cartesian Growth Correlation With Market

Average diversification

The correlation between Cartesian Growth and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cartesian Growth 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 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 income.

For more information on how to buy Cartesian Stock please use our How to Invest in Cartesian Growth guide.

Moving together with Cartesian Stock

0.73	V	Visa Class A	Pair Corr
0.7	AC	Associated Capital	Pair Corr
0.63	DX	Dynex Capital	Pair Corr
0.66	LX	Lexinfintech Holdings	Pair Corr
0.72	MA	Mastercard	Pair Corr
0.82	XP	Xp Inc	Pair Corr
0.76	DOMH	Dominari Holdings	Pair Corr
0.61	GCMGW	GCM Grosvenor	Pair Corr
0.7	EMCGU	Embrace Change Acqui	Pair Corr

Moving against Cartesian Stock

0.56	LC	LendingClub Corp	Pair Corr
0.59	LGHLW	Lion Financial Group	Pair Corr
0.47	VRTS	Virtus Investment	Pair Corr
0.38	ESHA	ESH Acquisition Corp	Pair Corr

Related Correlations Analysis

	IVCAU	MCACU	SCRMU	RFACU	MSSAU
IVCAU		0.0	0.0	0.29	0.06	IVCAU
MCACU	0.0		0.0	0.0	0.0	MCACU
SCRMU	0.0	0.0		0.0	0.0	SCRMU
RFACU	0.29	0.0	0.0		0.22	RFACU
MSSAU	0.06	0.0	0.0	0.22		MSSAU
	IVCAU	MCACU	SCRMU	RFACU	MSSAU

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

RFACU	+ 0.29	IVCAU
MSSAU	+ 0.22	RFACU
MSSAU	+ 0.06	IVCAU
MCACU	+ 0.0	IVCAU
SCRMU	+ 0.0	IVCAU
SCRMU	+ 0.0	MCACU

High negative correlations

MSSAU	- 0.0	SCRMU
RFACU	- 0.0	SCRMU
MSSAU	- 0.0	MCACU
RFACU	- 0.0	MCACU
SCRMU	- 0.0	MCACU
SCRMU	- 0.0	IVCAU

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IVCAU	0.16	0.02	(0.85)	0.17	(0.25)	5.23
MCACU	0.00	0.00	0.00	0.00	0.00	0.00
SCRMU	0.00	0.00	0.00	0.00	0.00	0.00
RFACU	10.28	(1.64)	0.47	30.00	(27.20)	153.05
MSSAU	0.49	0.00	(0.09)	1.19	0.00	13.83

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