Valuence Merger Correlations
| VMCA Stock | USD 11.74 0.01 0.09% |
The correlation of Valuence Merger 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.
Valuence Merger Correlation With Market
Good diversification
The correlation between Valuence Merger Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valuence Merger Corp and DJI in the same portfolio, assuming nothing else is changed.
Valuence |
Moving against Valuence Stock
| 0.61 | ORGN | Origin Materials | PairCorr |
| 0.6 | SYF | Synchrony Financial | PairCorr |
| 0.49 | ECPG | Encore Capital Group | PairCorr |
| 0.47 | AXP | American Express | PairCorr |
| 0.41 | WD | Walker Dunlop | PairCorr |
| 0.65 | PYPL | PayPal Holdings | PairCorr |
| 0.51 | BITF | Bitfarms | PairCorr |
| 0.5 | SOFI | SoFi Technologies | PairCorr |
| 0.46 | CODI | Compass Diversified | PairCorr |
| 0.39 | AX | Axos Financial | PairCorr |
| 0.36 | DHIL | Diamond Hill Investment | PairCorr |
| 0.64 | LC | LendingClub Corp | PairCorr |
| 0.55 | CM | Canadian Imperial Bank | PairCorr |
| 0.52 | BX | Blackstone Group | PairCorr |
| 0.51 | CG | Carlyle Group | PairCorr |
| 0.47 | KB | KB Financial Group | PairCorr |
| 0.35 | BN | Brookfield Corp | 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 Valuence Stock performing well and Valuence Merger 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 Valuence Merger'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AACIU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ESACU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IGTA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PCCT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GIAFW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPTKW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VMCAW | 12.19 | 0.75 | 0.07 | (0.23) | 12.75 | 38.61 | 104.07 | |||
| ERES | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Valuence Merger Corporate Management
| Sungsik Lee | President | Profile | |
| Gene Cho | Chief Officer | Profile | |
| Sungwoo Hyung | CFO Director | Profile | |
| Sung Woo | CEO Director | Profile |