ACG Acquisition Correlations

ACG Stock

5.10 0.00 0.00%

The current 90-days correlation between ACG Acquisition and FC Investment Trust is 0.06 (i.e., Significant diversification). The correlation of ACG 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.

ACG Acquisition Correlation With Market

Good diversification

The correlation between ACG Acquisition Co and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ACG Acquisition Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ACG Acquisition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ACG Acquisition when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ACG Acquisition - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ACG Acquisition Co to buy it.

Moving together with ACG Stock

0.8	REVB	Revolution Beauty	Pair Corr
0.77	SYME	SupplyMe Capital PLC	Pair Corr

Moving against ACG Stock

0.82	MOON	Moonpig Group PLC	Pair Corr
0.57	OBI	Ondine Biomedical	Pair Corr
0.55	DEC	Diversified Energy	Pair Corr
0.36	PCIP	PCI PAL PLC	Pair Corr

Related Correlations Analysis

	LTI	ADIG	NBB	0F07	TMIP	0HPW	FCIT	0YXG
LTI		0.22	0.7	-0.51	0.38	-0.81	-0.79	-0.46	LTI
ADIG	0.22		-0.06	-0.05	0.02	-0.15	-0.11	0.32	ADIG
NBB	0.7	-0.06		-0.25	0.48	-0.65	-0.65	-0.52	NBB
0F07	-0.51	-0.05	-0.25		0.17	0.25	0.33	0.61	0F07
TMIP	0.38	0.02	0.48	0.17		-0.38	-0.29	-0.03	TMIP
0HPW	-0.81	-0.15	-0.65	0.25	-0.38		0.92	0.25	0HPW
FCIT	-0.79	-0.11	-0.65	0.33	-0.29	0.92		0.37	FCIT
0YXG	-0.46	0.32	-0.52	0.61	-0.03	0.25	0.37		0YXG
	LTI	ADIG	NBB	0F07	TMIP	0HPW	FCIT	0YXG

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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

FCIT	+ 0.92	0HPW
NBB	+ 0.7	LTI
0YXG	+ 0.61	0F07
TMIP	+ 0.48	NBB
TMIP	+ 0.38	LTI
0YXG	+ 0.37	FCIT

High negative correlations

0HPW	- 0.81	LTI
FCIT	- 0.79	LTI
FCIT	- 0.65	NBB
0HPW	- 0.65	NBB
0YXG	- 0.52	NBB
0F07	- 0.51	LTI

Risk-Adjusted Indicators

There is a big difference between ACG Stock performing well and ACG 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 ACG 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
LTI	1.17	(0.18)	0.00	(0.57)	0.00	0.00	2.35	(3.07)	9.26
ADIG	1.53	(0.01)	(0.03)	0.09	1.97	(1.80)	3.79	(2.78)	12.45
NBB	1.66	(0.52)	0.00	2.89	0.00	0.00	4.35	(8.00)	22.33
0F07	1.34	0.01	(0.05)	0.15	1.65	(1.46)	3.02	(2.50)	8.79
TMIP	1.23	(0.07)	0.00	0.59	0.00	0.00	2.60	(2.53)	6.90
0HPW	0.71	0.14	0.07	0.50	0.63	(0.76)	1.68	(1.45)	4.69
FCIT	0.59	0.08	0.03	0.26	0.48	(0.72)	1.40	(1.09)	2.97
0YXG	1.97	(0.12)	(0.02)	0.04	3.00	(1.82)	4.02	(4.36)	12.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in ACG Acquisition without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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ACG Acquisition Corporate Management

Elected by the shareholders, the ACG Acquisition's board of directors comprises two types of representatives: ACG Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ACG. The board's role is to monitor ACG Acquisition's management team and ensure that shareholders' interests are well served. ACG Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ACG Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.

Prashant Nema	Chief Officer	Profile
Nicolas Papadopoulo	Pres Officer	Profile
Louis Petrillo	G Counsel	Profile
Christine CFA	Chief Officer	Profile
David Gansberg	Chief Group	Profile

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