Black Hawk Correlations

BKHAU Stock

10.49 0.51 4.64%

The current 90-days correlation between Black Hawk Acquisition and Playtika Holding Corp is -0.22 (i.e., Very good diversification). The correlation of Black Hawk 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.

Black Hawk Correlation With Market

Good diversification

The correlation between Black Hawk Acquisition and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Black Hawk Acquisition 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 Black Hawk Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Black Stock

0.71	BAYAU	Bayview Acquisition Corp	Pair Corr
0.67	NOVVU	Nova Vision Acquisition	Pair Corr
0.55	BAYAR	Bayview Acquisition Corp	Pair Corr
0.54	OCAXU	OCA Acquisition Corp	Pair Corr
0.51	ALF	Centurion Acquisition	Pair Corr
0.42	DSAQ	Direct Selling Acqui	Pair Corr
0.4	OCAXW	OCA Acquisition Corp	Pair Corr
0.39	FRLAU	Fortune Rise Acquisition	Pair Corr
0.39	FHLT	Future Health Esg	Pair Corr
0.34	NPABU	New Providence Acqui	Pair Corr
0.59	GPAT	GP Act III	Pair Corr
0.52	GRAF	Graf Global Corp	Pair Corr
0.49	GLST	Global Star Acquisition,	Pair Corr
0.44	EVE	EVe Mobility Acquisition	Pair Corr
0.44	GODN	Golden Star Acquisition	Pair Corr
0.43	GLAC	Global Lights Acquisition	Pair Corr
0.35	WEL	Integrated Wellness Earnings Call This Week	Pair Corr
0.35	GMFI	Aetherium Acquisition	Pair Corr
0.34	GLLI	Globalink Investment	Pair Corr
0.33	CUB	Lionheart Holdings	Pair Corr
0.33	GATE	Marblegate Acquisition	Pair Corr

Related Correlations Analysis

	PLTK	SCSC	UBER	AIHS	NTGR	VALN	NNAVW	ALNT
PLTK		0.46	-0.26	-0.54	0.83	-0.82	0.9	0.72	PLTK
SCSC	0.46		-0.12	-0.15	0.3	-0.33	0.36	0.71	SCSC
UBER	-0.26	-0.12		-0.4	0.0	-0.03	-0.28	-0.54	UBER
AIHS	-0.54	-0.15	-0.4		-0.68	0.68	-0.66	-0.16	AIHS
NTGR	0.83	0.3	0.0	-0.68		-0.9	0.84	0.51	NTGR
VALN	-0.82	-0.33	-0.03	0.68	-0.9		-0.83	-0.54	VALN
NNAVW	0.9	0.36	-0.28	-0.66	0.84	-0.83		0.69	NNAVW
ALNT	0.72	0.71	-0.54	-0.16	0.51	-0.54	0.69		ALNT
	PLTK	SCSC	UBER	AIHS	NTGR	VALN	NNAVW	ALNT

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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

NNAVW	+ 0.9	PLTK
NNAVW	+ 0.84	NTGR
NTGR	+ 0.83	PLTK
ALNT	+ 0.72	PLTK
ALNT	+ 0.71	SCSC
ALNT	+ 0.69	NNAVW

High negative correlations

VALN	- 0.9	NTGR
NNAVW	- 0.83	VALN
VALN	- 0.82	PLTK
NTGR	- 0.68	AIHS
NNAVW	- 0.66	AIHS
ALNT	- 0.54	VALN

Risk-Adjusted Indicators

There is a big difference between Black Stock performing well and Black Hawk 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 Black Hawk'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
PLTK	1.18	0.05	0.02	0.17	1.24	(1.33)	2.33	(2.19)	7.19
SCSC	1.77	(0.15)	(0.01)	0.05	1.94	(1.99)	3.13	(2.89)	15.95
UBER	1.62	(0.12)	(0.05)	0.00	2.30	(1.74)	2.69	(2.53)	20.10
AIHS	3.29	(0.25)	0.00	0.33	0.00	0.00	6.62	(6.74)	23.93
NTGR	2.28	0.56	0.29	0.58	1.54	(2.97)	5.28	(3.74)	34.60
VALN	1.90	(0.95)	0.00	7.78	0.00	0.00	3.20	(5.86)	12.07
NNAVW	3.75	1.72	0.35	1.89	3.75	(4.51)	11.83	(6.75)	24.31
ALNT	2.13	0.12	0.09	0.18	2.38	(2.35)	5.25	(4.45)	11.31

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