Aquaron Acquisition Correlations

AQUNU Stock

USD 11.37 0.28 2.40%

The current 90-days correlation between Aquaron Acquisition Corp and HUMANA INC is 0.14 (i.e., Average diversification). The correlation of Aquaron 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.

Aquaron Acquisition Correlation With Market

Good diversification

The correlation between Aquaron Acquisition Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aquaron 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 Aquaron 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 board of governors.

Moving together with Aquaron Stock

0.83	V	Visa Class A	Pair Corr
0.67	MA	Mastercard	Pair Corr
0.78	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.79	ENVA	Enova International	Pair Corr
0.74	FDUS	Fidus Investment Corp	Pair Corr
0.78	AGM	Federal Agricultural	Pair Corr
0.75	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.79	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.78	FRHC	Freedom Holding Corp	Pair Corr
0.78	NMR	Nomura Holdings ADR	Pair Corr
0.78	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.61	IREN	Iris Energy Aggressive Push	Pair Corr
0.7	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.61	OPRT	Oportun Financial Corp Downward Rally	Pair Corr
0.65	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.68	ALCY	Alchemy Investments	Pair Corr
0.72	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against Aquaron Stock

0.75	WU	Western Union	Pair Corr
0.61	FCFS	FirstCash	Pair Corr
0.37	PT	Pintec Technology	Pair Corr
0.77	ORGN	Origin Materials	Pair Corr
0.6	PFLT	PennantPark Floating Rate	Pair Corr
0.45	GROW	US Global Investors	Pair Corr
0.42	MCVT	Mill City Ventures	Pair Corr

Related Correlations Analysis

	444859BR2	BRRAY	MSTSX	LBHIX	VIASP	XTWO	KNF	70082LAB3	XTWY	RWAYL
444859BR2		0.22	-0.42	-0.36	-0.41	0.32	-0.54	-0.43	0.45	-0.47	444859BR2
BRRAY	0.22		-0.27	-0.13	0.18	-0.09	0.01	0.27	0.03	0.08	BRRAY
MSTSX	-0.42	-0.27		0.67	0.08	-0.12	0.58	0.23	-0.36	0.46	MSTSX
LBHIX	-0.36	-0.13	0.67		0.48	-0.05	0.62	0.4	-0.27	0.68	LBHIX
VIASP	-0.41	0.18	0.08	0.48		-0.33	0.72	0.71	-0.43	0.83	VIASP
XTWO	0.32	-0.09	-0.12	-0.05	-0.33		-0.47	-0.7	0.91	-0.41	XTWO
KNF	-0.54	0.01	0.58	0.62	0.72	-0.47		0.79	-0.65	0.87	KNF
70082LAB3	-0.43	0.27	0.23	0.4	0.71	-0.7	0.79		-0.75	0.78	70082LAB3
XTWY	0.45	0.03	-0.36	-0.27	-0.43	0.91	-0.65	-0.75		-0.59	XTWY
RWAYL	-0.47	0.08	0.46	0.68	0.83	-0.41	0.87	0.78	-0.59		RWAYL
	444859BR2	BRRAY	MSTSX	LBHIX	VIASP	XTWO	KNF	70082LAB3	XTWY	RWAYL

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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

XTWY	+ 0.91	XTWO
RWAYL	+ 0.87	KNF
RWAYL	+ 0.83	VIASP
70082LAB3	+ 0.79	KNF
RWAYL	+ 0.78	70082LAB3
KNF	+ 0.72	VIASP

High negative correlations

XTWY	- 0.75	70082LAB3
70082LAB3	- 0.7	XTWO
XTWY	- 0.65	KNF
RWAYL	- 0.59	XTWY
KNF	- 0.54	444859BR2
KNF	- 0.47	XTWO

Risk-Adjusted Indicators

There is a big difference between Aquaron Stock performing well and Aquaron 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 Aquaron 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
444859BR2	1.39	(0.06)	0.00	(0.39)	0.00	0.00	5.93	(5.79)	16.62
BRRAY	1.27	(0.14)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
XTWO	0.08	(0.01)	0.00	1.07	0.00	0.00	0.14	(0.12)	0.55
KNF	1.51	0.27	0.16	0.25	1.73	(1.59)	2.77	(2.46)	12.78
70082LAB3	0.70	0.09	(0.03)	(0.69)	0.99	(0.84)	1.75	(1.19)	6.86
XTWY	0.76	(0.10)	0.00	0.98	0.00	0.00	1.33	(1.70)	5.49
RWAYL	0.13	0.02	(0.45)	0.76	0.00	(0.18)	0.32	(0.20)	1.20

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