APx Acquisition Correlations

Summary

APXIUDelisted Stock

USD 11.55 0.00 0.00%

The current 90-days correlation between APx Acquisition Corp and Bullpen Parlay Acquisition is 0.03 (i.e., Significant diversification). The correlation of APx 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. If the correlation is 0, the equities are not correlated; they are entirely random.

APx Acquisition Correlation With Market

Good diversification

The correlation between APx Acquisition Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding APx 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with APx Stock

0.71	BRACU	Broad Capital Acquisition	Pair Corr
0.63	EMCGU	Embrace Change Acqui	Pair Corr

Moving against APx Stock

0.67	NOVVU	Nova Vision Acquisition	Pair Corr
0.56	DSAQ	Direct Selling Acqui	Pair Corr
0.52	DYCQ	DT Cloud Acquisition	Pair Corr
0.44	DIST	Distoken Acquisition	Pair Corr
0.77	GDSTU	Goldenstone Acquisition	Pair Corr
0.63	EVGR	Evergreen Corp	Pair Corr
0.6	WAVSU	Western Acquisition	Pair Corr
0.58	ANSCW	Agriculture Natural	Pair Corr
0.55	WAVS	Western Acquisition	Pair Corr
0.53	FRLAU	Fortune Rise Acquisition	Pair Corr
0.52	DISTR	Distoken Acquisition	Pair Corr
0.48	ESHA	ESH Acquisition Corp	Pair Corr
0.43	WINV	WinVest Acquisition Corp	Pair Corr
0.43	OCAXU	OCA Acquisition Corp	Pair Corr
0.41	OCAXW	OCA Acquisition Corp	Pair Corr
0.4	NPABU	New Providence Acqui	Pair Corr

Related Correlations Analysis

	BPACU	HAIAU	BCSAU	BRKHU	CMCAU
BPACU		0.08	0.49	-0.57	0.12	BPACU
HAIAU	0.08		-0.07	0.07	-0.06	HAIAU
BCSAU	0.49	-0.07		-0.63	0.09	BCSAU
BRKHU	-0.57	0.07	-0.63		-0.1	BRKHU
CMCAU	0.12	-0.06	0.09	-0.1		CMCAU
	BPACU	HAIAU	BCSAU	BRKHU	CMCAU

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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

BCSAU	+ 0.49	BPACU
CMCAU	+ 0.12	BPACU
CMCAU	+ 0.09	BCSAU
HAIAU	+ 0.08	BPACU
BRKHU	+ 0.07	HAIAU

High negative correlations

BRKHU	- 0.63	BCSAU
BRKHU	- 0.57	BPACU
CMCAU	- 0.1	BRKHU
BCSAU	- 0.07	HAIAU
CMCAU	- 0.06	HAIAU

Risk-Adjusted Indicators

There is a big difference between APx Stock performing well and APx 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 APx 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
BPACU	0.04	0.00	(0.61)	0.73	0.01	(0.14)	0.19	(0.10)	0.57
HAIAU	0.24	(0.01)	0.00	(2.63)	0.00	0.00	0.18	(0.18)	11.95
BCSAU	0.47	0.04	(0.03)	1.85	0.76	(1.99)	1.26	(1.16)	10.15
BRKHU	0.26	(0.12)	0.00	6.49	0.00	0.00	0.00	0.00	7.96
CMCAU	0.38	0.05	0.00	(0.15)	0.00	0.00	0.86	0.00	16.79

APx Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with APx Acquisition stock to make a market-neutral strategy. Peer analysis of APx Acquisition could also be used in its relative valuation, which is a method of valuing APx Acquisition by comparing valuation metrics with similar companies.

Bullpen Parlay Acquisition Healthcare AI Acquisition Blockchain Coinvestors Acquisition BurTech Acquisition Corp Capitalworks Emerging Markets American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp Home Depot International Business Machines

Risk & Return

Correlation

Still Interested in APx Acquisition Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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