Artemis Strategic Correlations
| ARTEUDelisted Stock | USD 10.68 0.00 0.00% |
The current 90-days correlation between Artemis Strategic and Avalon Acquisition Unit is 0.01 (i.e., Significant diversification). The correlation of Artemis Strategic 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.
Artemis Strategic Correlation With Market
Good diversification
The correlation between Artemis Strategic Investment and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Artemis Strategic Investment and DJI in the same portfolio, assuming nothing else is changed.
Artemis |
Moving together with Artemis Stock
| 0.67 | SSNLF | Samsung Electronics | PairCorr |
| 0.68 | PTAIF | PT Astra International | PairCorr |
| 0.72 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.68 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.82 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.66 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.85 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.9 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.76 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.87 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.85 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.82 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Artemis Stock
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.8 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.79 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.76 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.76 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.75 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.73 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.73 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.64 | PBCRY | Bank Central Asia | PairCorr |
| 0.44 | PBCRF | PT Bank Central | PairCorr |
Related Correlations Analysis
| -0.36 | -0.26 | -0.2 | -0.29 | AVACU | ||
| -0.36 | 0.31 | 0.42 | 0.31 | HCVIU | ||
| -0.26 | 0.31 | 0.01 | 0.3 | BHACU | ||
| -0.2 | 0.42 | 0.01 | 0.27 | FATPU | ||
| -0.29 | 0.31 | 0.3 | 0.27 | ARYD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Artemis Stock performing well and Artemis Strategic 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 Artemis Strategic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVACU | 0.27 | 0.01 | 0.00 | 0.20 | 0.00 | 1.22 | 3.82 | |||
| HCVIU | 0.81 | 0.03 | (0.02) | (0.04) | 1.70 | 2.87 | 18.91 | |||
| BHACU | 1.18 | 0.13 | (0.02) | (0.12) | 1.73 | 1.63 | 26.29 | |||
| FATPU | 0.78 | 0.12 | (0.01) | (0.27) | 1.47 | 3.09 | 13.93 | |||
| ARYD | 3.67 | (0.57) | 0.00 | 0.35 | 0.00 | 4.64 | 64.08 |
Artemis Strategic 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 Artemis Strategic stock to make a market-neutral strategy. Peer analysis of Artemis Strategic could also be used in its relative valuation, which is a method of valuing Artemis Strategic by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Artemis Strategic Corporate Management
| Holly Gagnon | CoCEO Chairperson | Profile | |
| Scott Shulak | VP Accounting | Profile | |
| Philip Kaplan | CoCEO Pres | Profile | |
| Thomas Granite | Treasurer CFO | Profile |
Still Interested in Artemis Strategic Investment?
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