Centurion Acquisition Correlations

ALF Stock

USD 10.18 0.02 0.20%

The current 90-days correlation between Centurion Acquisition and Cadence Design Systems is 0.1 (i.e., Average diversification). The correlation of Centurion 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.

Centurion Acquisition Correlation With Market

Significant diversification

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

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centurion Acquisition Corp. 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 together with Centurion Stock

0.61	VACH	Voyager Acquisition Corp	Pair Corr
0.75	VCIC	Vine Hill Capital	Pair Corr
0.62	DPCS	DP Cap Acquisition	Pair Corr
0.83	DSAQ	Direct Selling Acqui	Pair Corr
0.82	DTSQ	DT Cloud Star	Pair Corr
0.63	DUET	DUET Acquisition Corp	Pair Corr
0.7	MLACU	MOUNTAIN LAKE ACQUISITION	Pair Corr
0.87	EURK	Eureka Acquisition Corp	Pair Corr
0.78	OCAXW	OCA Acquisition Corp	Pair Corr
0.65	WTMA	Welsbach Technology	Pair Corr
0.77	FRLAU	Fortune Rise Acquisition	Pair Corr
0.71	BSIIU	Black Spade Acquisition	Pair Corr
0.77	FHLT	Future Health Esg	Pair Corr
0.86	AAM	AA Mission Acquisition	Pair Corr
0.65	CEP	Cantor Equity Partners,	Pair Corr
0.91	CUB	Lionheart Holdings	Pair Corr
0.7	CFFSU	CF Acquisition VII	Pair Corr
0.8	EQV	EQV Ventures Acquisition	Pair Corr
0.76	EVE	EVe Mobility Acquisition	Pair Corr

Moving against Centurion Stock

0.74	IMAQR	International Media	Pair Corr
0.46	IMAQU	International Media	Pair Corr
0.54	GGAAF	Genesis Growth Tech	Pair Corr
0.53	APXIU	APx Acquisition Corp	Pair Corr
0.49	BUJAR	Bukit Jalil Global	Pair Corr
0.38	BAYAR	Bayview Acquisition Corp	Pair Corr
0.32	GLLI	Globalink Investment	Pair Corr
0.32	HHGC	HHG Capital Corp	Pair Corr

Related Correlations Analysis

	CDNS	DTATF	BMTX	AIKO	PWP	FRHC	UBER
CDNS		0.0	0.61	0.0	0.76	0.56	-0.52	CDNS
DTATF	0.0		0.0	-1.0	0.0	0.0	0.0	DTATF
BMTX	0.61	0.0		0.0	0.4	0.53	-0.44	BMTX
AIKO	0.0	-1.0	0.0		0.0	0.0	0.0	AIKO
PWP	0.76	0.0	0.4	0.0		0.52	-0.35	PWP
FRHC	0.56	0.0	0.53	0.0	0.52		-0.77	FRHC
UBER	-0.52	0.0	-0.44	0.0	-0.35	-0.77		UBER
	CDNS	DTATF	BMTX	AIKO	PWP	FRHC	UBER

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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

PWP	+ 0.76	CDNS
BMTX	+ 0.61	CDNS
FRHC	+ 0.56	CDNS
FRHC	+ 0.53	BMTX
FRHC	+ 0.52	PWP
PWP	+ 0.4	BMTX

High negative correlations

AIKO	- 1.0	DTATF
UBER	- 0.77	FRHC
UBER	- 0.52	CDNS
UBER	- 0.44	BMTX
UBER	- 0.35	PWP
UBER	- 0.0	AIKO

Risk-Adjusted Indicators

There is a big difference between Centurion Stock performing well and Centurion 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 Centurion 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
CDNS	1.85	0.24	0.06	1.07	2.74	(1.86)	3.25	(4.40)	22.08
DTATF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BMTX	1.44	0.73	1.05	1.24	0.00	(2.08)	1.02	(0.92)	48.46
AIKO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWP	2.09	0.32	0.14	0.63	1.88	(2.67)	4.93	(3.79)	23.66
FRHC	1.43	0.40	0.17	0.96	1.58	(1.52)	3.07	(2.52)	9.39
UBER	1.58	(0.26)	0.00	(2.57)	0.00	0.00	2.67	(5.35)	12.29

Centurion Acquisition Corporate Management

John II	Chief CoFounder	Profile
Louis CPA	Interim Officer	Profile
Ronald Spears	Chief Officer	Profile
James Lee	Chairman CEO	Profile

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