Welsbach Technology Correlations

WTMA Stock

USD 11.26 0.01 0.09%

The current 90-days correlation between Welsbach Technology and Distoken Acquisition is -0.23 (i.e., Very good diversification). The correlation of Welsbach Technology 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.

Welsbach Technology Correlation With Market

Good diversification

The correlation between Welsbach Technology Metals and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welsbach Technology Metals and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Welsbach Technology Metals. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Welsbach Stock

0.7	V	Visa Class A	Pair Corr
0.78	DIST	Distoken Acquisition	Pair Corr
0.83	ROCLW	Roth CH Acquisition	Pair Corr
0.7	EMCG	Embrace Change Acqui	Pair Corr
0.84	FDUS	Fidus Investment Corp	Pair Corr

Moving against Welsbach Stock

0.52	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.42	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.76	ROCLU	Roth CH Acquisition	Pair Corr
0.4	BRKHU	BurTech Acquisition Corp	Pair Corr
0.8	WHF	WhiteHorse Finance	Pair Corr
0.71	TGAAU	Target Global Acquisition	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AC	BN	BX	CG	DB	DX
V		0.78	0.88	0.55	0.74	0.87	0.68	-0.15	0.48	V
DHIL	0.78		0.75	0.47	0.75	0.76	0.59	-0.02	0.54	DHIL
DIST	0.88	0.75		0.61	0.84	0.87	0.75	0.01	0.38	DIST
AC	0.55	0.47	0.61		0.83	0.78	0.92	0.54	0.23	AC
BN	0.74	0.75	0.84	0.83		0.92	0.93	0.36	0.44	BN
BX	0.87	0.76	0.87	0.78	0.92		0.9	0.15	0.52	BX
CG	0.68	0.59	0.75	0.92	0.93	0.9		0.46	0.3	CG
DB	-0.15	-0.02	0.01	0.54	0.36	0.15	0.46		-0.12	DB
DX	0.48	0.54	0.38	0.23	0.44	0.52	0.3	-0.12		DX
	V	DHIL	DIST	AC	BN	BX	CG	DB	DX

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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

CG	+ 0.93	BN
CG	+ 0.92	AC
BX	+ 0.92	BN
CG	+ 0.9	BX
DIST	+ 0.88	V
BX	+ 0.87	V

High negative correlations

DB	- 0.15	V
DX	- 0.12	DB
DB	- 0.02	DHIL

Risk-Adjusted Indicators

There is a big difference between Welsbach Stock performing well and Welsbach Technology 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 Welsbach Technology'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
V	0.83	0.14	0.09	0.31	1.05	(0.95)	2.23	(1.30)	7.73
DHIL	1.23	(0.12)	(0.05)	0.05	1.19	(1.58)	2.22	(2.05)	9.06
DIST	0.18	0.07	(0.13)	(1.64)	0.00	(0.37)	0.37	(0.18)	2.25
AC	1.19	0.13	0.05	0.29	1.65	(1.26)	3.02	(2.64)	12.11
BN	1.23	0.15	0.14	0.23	1.17	(1.42)	2.45	(1.92)	6.44
BX	1.31	0.30	0.25	0.34	0.94	(1.52)	3.21	(2.21)	9.25
CG	1.58	0.19	0.19	0.22	1.36	(1.87)	4.10	(2.22)	13.11
DB	1.37	(0.02)	(0.03)	0.10	1.73	(1.45)	3.08	(2.93)	8.64
DX	0.75	(0.01)	(0.08)	0.11	1.04	(0.72)	1.38	(1.47)	4.37

Welsbach Technology Corporate Management

Christopher Clower	COO Director	Profile
Sergey Marchenko	VP	Profile
MSc BA	CEO Chairman	Profile
John CPA	Chief Officer	Profile

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