Acacia Research Correlations

ACTG Stock

USD 4.07 0.09 2.26%

The current 90-days correlation between Acacia Research and Spire Global is 0.14 (i.e., Average diversification). The correlation of Acacia Research 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.

Acacia Research Correlation With Market

Poor diversification

The correlation between Acacia Research and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acacia Research and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Acacia Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acacia Research. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in child.

For more detail on how to invest in Acacia Stock please use our How to Invest in Acacia Research guide.

Moving together with Acacia Stock

0.76	MG	Mistras Group	Pair Corr
0.69	EXPO	Exponent	Pair Corr
0.82	NVR	NVR Inc	Pair Corr
0.66	RBGPF	Reckitt Benckiser	Pair Corr
0.61	CNR	Core Natural Resources Downward Rally	Pair Corr
0.62	AHH	Armada Hflr Pr	Pair Corr
0.62	JSDA	Jones Soda	Pair Corr
0.64	IITSF	Intesa Sanpaolo SpA	Pair Corr
0.69	PPG	PPG Industries	Pair Corr
0.74	GIFI	Gulf Island Fabrication	Pair Corr
0.67	IDKOY	Idemitsu Kosan Earnings Call This Week	Pair Corr
0.7	BKV	BKV Corporation Downward Rally	Pair Corr

Moving against Acacia Stock

0.56	CBZ	CBIZ Inc	Pair Corr
0.41	ULS	UL Solutions	Pair Corr
0.35	RCMT	RCM Technologies	Pair Corr
0.38	MCLE	Medicale Corp	Pair Corr

Related Correlations Analysis

	SPIR	CVEO	ANPA	QUAD	TGEN	FLYX	SBC	WNC	CMDB	PANL
SPIR		0.74	0.61	0.2	-0.24	0.11	0.38	0.63	0.05	0.24	SPIR
CVEO	0.74		0.68	0.55	-0.69	0.19	0.81	0.82	0.28	0.53	CVEO
ANPA	0.61	0.68		0.22	-0.44	0.28	0.42	0.62	0.07	0.29	ANPA
QUAD	0.2	0.55	0.22		-0.67	0.13	0.85	0.75	0.57	0.58	QUAD
TGEN	-0.24	-0.69	-0.44	-0.67		-0.05	-0.81	-0.71	-0.59	-0.82	TGEN
FLYX	0.11	0.19	0.28	0.13	-0.05		0.21	0.28	-0.1	-0.19	FLYX
SBC	0.38	0.81	0.42	0.85	-0.81	0.21		0.84	0.51	0.63	SBC
WNC	0.63	0.82	0.62	0.75	-0.71	0.28	0.84		0.59	0.65	WNC
CMDB	0.05	0.28	0.07	0.57	-0.59	-0.1	0.51	0.59		0.8	CMDB
PANL	0.24	0.53	0.29	0.58	-0.82	-0.19	0.63	0.65	0.8		PANL
	SPIR	CVEO	ANPA	QUAD	TGEN	FLYX	SBC	WNC	CMDB	PANL

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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

SBC	+ 0.85	QUAD
WNC	+ 0.84	SBC
WNC	+ 0.82	CVEO
SBC	+ 0.81	CVEO
PANL	+ 0.8	CMDB
WNC	+ 0.75	QUAD

High negative correlations

PANL	- 0.82	TGEN
SBC	- 0.81	TGEN
WNC	- 0.71	TGEN
TGEN	- 0.69	CVEO
TGEN	- 0.67	QUAD
CMDB	- 0.59	TGEN

Risk-Adjusted Indicators

There is a big difference between Acacia Stock performing well and Acacia Research 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 Acacia Research'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
SPIR	4.40	0.10	0.02	0.09	6.68	(4.62)	8.32	(5.84)	31.88
CVEO	1.17	0.18	0.08	0.36	1.74	(1.24)	2.41	(1.82)	14.66
ANPA	13.74	4.62	0.33	1.14	10.45	(16.04)	22.60	(23.66)	295.76
QUAD	1.71	0.04	0.01	0.08	3.24	(1.64)	3.33	(4.72)	12.35
TGEN	4.19	(1.12)	0.00	(0.49)	0.00	0.00	8.10	(9.66)	35.03
FLYX	7.45	0.52	0.06	0.51	7.93	(10.83)	11.96	(11.89)	161.87
SBC	2.51	0.41	0.16	0.25	2.42	(3.16)	7.42	(3.83)	16.73
WNC	2.29	0.31	0.16	0.19	2.04	(2.92)	5.45	(3.47)	16.28
CMDB	1.71	0.40	0.21	1.19	1.46	(2.12)	3.57	(2.89)	15.86
PANL	2.40	0.96	0.48	1.41	1.37	(3.23)	5.11	(3.15)	22.74

Acacia Research Corporate Management

Wesley Golby	Chief Officer	Profile
Jason JD	General Counsel	Profile
Robert Rasamny	Chief Officer	Profile
Bryan Alterman	Principal	Profile
Daniel Troy	Principal	Profile
Richard Rosenstein	Chief Officer	Profile
Kirsten Hoover	Principal Controller	Profile

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