Bayview Acquisition Correlations

BAYA Stock

10.62 0.01 0.09%

The current 90-days correlation between Bayview Acquisition Corp and Morningstar Unconstrained Allocation is -0.07 (i.e., Good diversification). The correlation of Bayview 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.

Bayview Acquisition Correlation With Market

Good diversification

The correlation between Bayview Acquisition Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayview 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 Bayview 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 manufacturing.

Moving together with Bayview Stock

0.66	V	Visa Class A	Pair Corr
0.78	DIST	Distoken Acquisition	Pair Corr
0.86	AB	AllianceBernstein	Pair Corr
0.87	AC	Associated Capital	Pair Corr
0.89	BN	Brookfield Corp	Pair Corr
0.9	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.94	CG	Carlyle Group	Pair Corr
0.77	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.82	LC	LendingClub Corp	Pair Corr
0.81	LX	Lexinfintech Holdings Trending	Pair Corr
0.88	MA	Mastercard	Pair Corr
0.66	MC	Moelis	Pair Corr
0.89	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.76	PX	P10 Inc	Pair Corr
0.87	QD	Qudian Inc	Pair Corr
0.92	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.81	TW	Tradeweb Markets	Pair Corr
0.75	WT	WisdomTree	Pair Corr
0.87	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.61	GCMGW	GCM Grosvenor	Pair Corr
0.61	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.89	DYCQ	DT Cloud Acquisition	Pair Corr

Moving against Bayview Stock

0.77	RC	Ready Capital Corp	Pair Corr
0.71	RM	Regional Management Corp	Pair Corr
0.53	PT	Pintec Technology	Pair Corr
0.82	BRACU	Broad Capital Acquisition	Pair Corr
0.77	WU	Western Union	Pair Corr
0.72	XP	Xp Inc	Pair Corr
0.52	PFTAU	Portage Fintech Acqu	Pair Corr
0.4	EARN	Ellington Residential	Pair Corr
0.38	EMCGR	Embrace Change Acqui	Pair Corr
0.38	EMCGU	Embrace Change Acqui	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr

Related Correlations Analysis

	PLAOU	AAVXF	IPSHX	MSTSX	ID	SCAXF	KNF	CIRAX	SEIC	GSHD
PLAOU		0.0	0.38	0.39	0.46	-0.12	0.57	0.12	0.51	0.5	PLAOU
AAVXF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AAVXF
IPSHX	0.38	0.0		0.56	0.86	-0.65	0.87	0.15	0.93	0.9	IPSHX
MSTSX	0.39	0.0	0.56		0.46	-0.02	0.67	0.82	0.42	0.33	MSTSX
ID	0.46	0.0	0.86	0.46		-0.67	0.83	0.11	0.81	0.83	ID
SCAXF	-0.12	0.0	-0.65	-0.02	-0.67		-0.46	0.35	-0.63	-0.68	SCAXF
KNF	0.57	0.0	0.87	0.67	0.83	-0.46		0.33	0.86	0.83	KNF
CIRAX	0.12	0.0	0.15	0.82	0.11	0.35	0.33		-0.05	-0.13	CIRAX
SEIC	0.51	0.0	0.93	0.42	0.81	-0.63	0.86	-0.05		0.98	SEIC
GSHD	0.5	0.0	0.9	0.33	0.83	-0.68	0.83	-0.13	0.98		GSHD
	PLAOU	AAVXF	IPSHX	MSTSX	ID	SCAXF	KNF	CIRAX	SEIC	GSHD

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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

GSHD	+ 0.98	SEIC
SEIC	+ 0.93	IPSHX
GSHD	+ 0.9	IPSHX
KNF	+ 0.87	IPSHX
ID	+ 0.86	IPSHX
SEIC	+ 0.86	KNF

High negative correlations

GSHD	- 0.68	SCAXF
SCAXF	- 0.67	ID
SCAXF	- 0.65	IPSHX
SEIC	- 0.63	SCAXF
KNF	- 0.46	SCAXF
GSHD	- 0.13	CIRAX

Risk-Adjusted Indicators

There is a big difference between Bayview Stock performing well and Bayview 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 Bayview 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
PLAOU	0.15	0.02	0.00	(0.07)	0.00	0.00	0.00	0.00	6.70
AAVXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IPSHX	0.55	0.03	0.02	0.15	0.45	(0.68)	1.13	(0.98)	3.97
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ID	3.77	0.53	0.10	0.68	4.01	(5.10)	7.69	(6.67)	20.54
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
KNF	1.55	0.21	0.13	0.23	1.90	(1.62)	2.77	(2.46)	12.78
CIRAX	0.34	(0.05)	(0.26)	0.00	0.43	(0.34)	0.66	(0.82)	1.81
SEIC	0.81	0.21	0.19	0.37	0.57	(0.95)	1.57	(1.56)	7.23
GSHD	1.67	0.61	0.41	1.00	0.83	(2.15)	5.06	(2.22)	14.35

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