Roth CH Correlations

ROCLU Stock

USD 11.29 0.04 0.36%

The current 90-days correlation between Roth CH Acquisition and PowerUp Acquisition Corp is -0.02 (i.e., Good diversification). The correlation of Roth CH 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.

Roth CH Correlation With Market

Average diversification

The correlation between Roth CH Acquisition and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roth CH Acquisition 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 Roth CH Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Roth Stock

0.38	PFTAU	Portage Fintech Acqu	Pair Corr
0.35	DIST	Distoken Acquisition	Pair Corr
0.75	WTMA	Welsbach Technology	Pair Corr
0.67	ROCLW	Roth CH Acquisition	Pair Corr
0.52	FDUS	Fidus Investment Corp	Pair Corr
0.33	GDSTR	Goldenstone Acquisition	Pair Corr

Related Correlations Analysis

	PWUP	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	AAEVX
PWUP		-0.2	0.0	-0.45	0.42	0.55	0.49	0.15	-0.34	0.24	PWUP
444859BR2	-0.2		0.0	0.31	-0.54	-0.45	-0.03	0.46	-0.46	-0.65	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.45	0.31	0.0		-0.35	-0.45	-0.37	-0.06	0.12	-0.28	BRRAY
LBHIX	0.42	-0.54	0.0	-0.35		0.68	0.56	-0.35	0.26	0.73	LBHIX
MSTSX	0.55	-0.45	0.0	-0.45	0.68		0.27	-0.04	-0.05	0.81	MSTSX
ABHYX	0.49	-0.03	0.0	-0.37	0.56	0.27		-0.1	-0.12	0.1	ABHYX
SCAXF	0.15	0.46	0.0	-0.06	-0.35	-0.04	-0.1		-0.82	-0.5	SCAXF
VIASP	-0.34	-0.46	0.0	0.12	0.26	-0.05	-0.12	-0.82		0.47	VIASP
AAEVX	0.24	-0.65	0.0	-0.28	0.73	0.81	0.1	-0.5	0.47		AAEVX
	PWUP	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.81	MSTSX
AAEVX	+ 0.73	LBHIX
MSTSX	+ 0.68	LBHIX
ABHYX	+ 0.56	LBHIX
MSTSX	+ 0.55	PWUP
ABHYX	+ 0.49	PWUP

High negative correlations

VIASP	- 0.82	SCAXF
AAEVX	- 0.65	444859BR2
LBHIX	- 0.54	444859BR2
AAEVX	- 0.5	SCAXF
VIASP	- 0.46	444859BR2
MSTSX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between Roth Stock performing well and Roth CH 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 Roth CH'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
PWUP	1.20	0.08	(0.01)	(0.47)	2.43	(2.40)	4.50	(4.59)	20.77
444859BR2	1.36	(0.08)	0.00	(0.21)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.01	(0.39)	0.51	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	(0.03)	(0.12)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.03	(0.22)	(0.11)	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.37)	0.00	(33.24)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.08	(0.03)	(1.87)	1.12	(0.82)	2.28	(1.20)	7.18
AAEVX	0.49	(0.02)	(0.09)	0.08	0.53	(0.59)	0.93	(0.77)	2.76

Roth CH Corporate Management

Andrew Costa	CoChief Officer	Profile
Matthew Day	CoChief Officer	Profile
Ryan Hultstrand	CoChief Officer	Profile
Joseph Tonnos	Chief Officer	Profile
John Lipman	CoCEO CoChairman	Profile
Gordon CPA	Chief Officer	Profile
Byron BBA	CoCEO CoChairman	Profile

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