RF Acquisition Correlations
| RFAC Stock | USD 2.70 5.35 66.46% |
The correlation of RF 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.
RF Acquisition Correlation With Market
Modest diversification
The correlation between RF Acquisition Corp and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RF Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
RFAC |
Moving together with RFAC Stock
Moving against RFAC Stock
| 0.57 | V | Visa Class A | PairCorr |
| 0.46 | FCFS | FirstCash | PairCorr |
| 0.43 | WINV | WinVest Acquisition Corp | PairCorr |
| 0.4 | MA | Mastercard | PairCorr |
| 0.38 | TW | Tradeweb Markets | PairCorr |
| 0.7 | OPRT | Oportun Financial Corp | PairCorr |
| 0.58 | NNI | Nelnet Inc | PairCorr |
| 0.53 | SLM | SLM Corp | PairCorr |
| 0.49 | NETDW | Nabors Energy Transition | PairCorr |
| 0.49 | CB | Chubb | PairCorr |
| 0.46 | BK | Bank of New York | PairCorr |
| 0.44 | SKGR | SK Growth Opportunities | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between RFAC Stock performing well and RF 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 RF 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MCACU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| QOMOU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ACBA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AFAR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| APNCW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AVNY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATAQF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AOAO | 1.16 | (0.58) | 0.00 | 5.58 | 0.00 | 0.00 | 36.55 |
RF Acquisition 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 RF Acquisition stock to make a market-neutral strategy. Peer analysis of RF Acquisition could also be used in its relative valuation, which is a method of valuing RF Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |