A SPAC Correlations

ASPC Stock

USD 11.71 0.59 4.80%

The current 90-days correlation between A SPAC III and Bynordic Acquisition Corp is -0.05 (i.e., Good diversification). The correlation of A SPAC 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.

A SPAC Correlation With Market

Modest diversification

The correlation between A SPAC III and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding A SPAC III and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ASPC Stock

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

Moving against ASPC Stock

0.52

FAF

First American

Pair Corr

Related Correlations Analysis

	COLA	COLAU	MAYAU	UYSC	FVN	CAPN	DAIC	LCCC	BYNO
COLA		0.45	0.0	0.81	0.64	0.72	-0.51	0.81	-0.18	COLA
COLAU	0.45		0.0	0.67	0.77	0.54	-0.58	0.62	-0.18	COLAU
MAYAU	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	MAYAU
UYSC	0.81	0.67	0.0		0.72	0.87	-0.59	0.88	-0.03	UYSC
FVN	0.64	0.77	0.0	0.72		0.63	-0.75	0.71	-0.01	FVN
CAPN	0.72	0.54	0.0	0.87	0.63		-0.59	0.83	0.12	CAPN
DAIC	-0.51	-0.58	0.0	-0.59	-0.75	-0.59		-0.52	-0.49	DAIC
LCCC	0.81	0.62	0.0	0.88	0.71	0.83	-0.52		-0.08	LCCC
BYNO	-0.18	-0.18	0.0	-0.03	-0.01	0.12	-0.49	-0.08		BYNO
	COLA	COLAU	MAYAU	UYSC	FVN	CAPN	DAIC	LCCC	BYNO

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

LCCC	+ 0.88	UYSC
CAPN	+ 0.87	UYSC
LCCC	+ 0.83	CAPN
UYSC	+ 0.81	COLA
LCCC	+ 0.81	COLA
FVN	+ 0.77	COLAU

High negative correlations

DAIC	- 0.75	FVN
DAIC	- 0.59	CAPN
DAIC	- 0.59	UYSC
DAIC	- 0.58	COLAU
LCCC	- 0.52	DAIC
DAIC	- 0.51	COLA

Risk-Adjusted Indicators

There is a big difference between ASPC Stock performing well and A SPAC 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 A SPAC'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
COLA	0.24	0.02	(0.14)	0.41	0.16	(0.36)	0.47	(0.39)	1.83
COLAU	0.68	0.25	0.00	(12.27)	0.00	0.00	3.84	(0.65)	11.70
MAYAU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UYSC	0.07	0.00	(0.31)	1.11	0.00	(0.15)	0.20	(0.19)	0.59
FVN	0.09	0.01	(0.16)	(0.23)	0.00	(0.23)	0.38	(0.28)	0.94
CAPN	0.23	0.02	(0.08)	(3.22)	0.28	(0.33)	0.47	(0.38)	2.80
DAIC	6.61	(2.63)	0.00	(3.91)	0.00	0.00	8.39	(17.65)	55.68
LCCC	0.07	0.01	(0.33)	(0.67)	0.00	(0.18)	0.20	(0.20)	0.49
BYNO	0.08	0.00	0.00	0.05	0.00	0.00	0.00	0.00	5.12

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