Bukit Jalil Correlations

BUJAR Stock

0.1 0.01 13.64%

The current 90-days correlation between Bukit Jalil Global and Air Lease is -0.13 (i.e., Good diversification). The correlation of Bukit Jalil 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.

Bukit Jalil Correlation With Market

Significant diversification

The correlation between Bukit Jalil Global and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bukit Jalil Global 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 Bukit Jalil Global. 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 together with Bukit Stock

0.61	ROCLU	Roth CH Acquisition	Pair Corr
0.61	BRKHU	BurTech Acquisition Corp	Pair Corr

Moving against Bukit Stock

0.73	DSAQ	Direct Selling Acqui	Pair Corr
0.7	DIST	Distoken Acquisition	Pair Corr
0.68	DYCQ	DT Cloud Acquisition	Pair Corr
0.67	DUET	DUET Acquisition Corp	Pair Corr
0.66	NOVVU	Nova Vision Acquisition	Pair Corr
0.55	YHNAU	YHN Acquisition I	Pair Corr
0.54	DPCS	DP Cap Acquisition	Pair Corr
0.46	DTSQ	DT Cloud Star	Pair Corr
0.78	EVGR	Evergreen Corp	Pair Corr
0.73	FHLT	Future Health Esg	Pair Corr
0.7	ANSCW	Agriculture Natural	Pair Corr
0.7	WAVSU	Western Acquisition	Pair Corr
0.65	EMCG	Embrace Change Acqui	Pair Corr
0.64	ESHA	ESH Acquisition Corp	Pair Corr
0.64	FRLAU	Fortune Rise Acquisition	Pair Corr
0.6	OCAXW	OCA Acquisition Corp	Pair Corr
0.59	WTMA	Welsbach Technology	Pair Corr
0.59	BSIIU	Black Spade Acquisition	Pair Corr
0.51	DISTR	Distoken Acquisition	Pair Corr
0.46	BAYAU	Bayview Acquisition Corp	Pair Corr

Related Correlations Analysis

	AL	HTZ	HOFT	URI	GSL-PB	CFRLF	BXP
AL		0.88	0.67	0.64	0.05	-0.63	-0.12	AL
HTZ	0.88		0.54	0.49	0.1	-0.39	-0.2	HTZ
HOFT	0.67	0.54		0.39	-0.01	-0.24	-0.2	HOFT
URI	0.64	0.49	0.39		0.29	-0.67	0.41	URI
GSL-PB	0.05	0.1	-0.01	0.29		0.0	0.16	GSL-PB
CFRLF	-0.63	-0.39	-0.24	-0.67	0.0		-0.38	CFRLF
BXP	-0.12	-0.2	-0.2	0.41	0.16	-0.38		BXP
	AL	HTZ	HOFT	URI	GSL-PB	CFRLF	BXP

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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

HTZ	+ 0.88	AL
HOFT	+ 0.67	AL
URI	+ 0.64	AL
HOFT	+ 0.54	HTZ
URI	+ 0.49	HTZ
BXP	+ 0.41	URI

High negative correlations

CFRLF	- 0.67	URI
CFRLF	- 0.63	AL
CFRLF	- 0.39	HTZ
BXP	- 0.38	CFRLF
CFRLF	- 0.24	HOFT
BXP	- 0.2	HOFT

Risk-Adjusted Indicators

There is a big difference between Bukit Stock performing well and Bukit Jalil 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 Bukit Jalil'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
AL	1.20	0.08	0.12	0.15	0.94	(1.55)	3.00	(1.80)	6.70
HTZ	3.87	0.64	0.17	0.46	3.83	(4.31)	8.61	(7.91)	21.19
HOFT	2.54	0.05	0.05	0.13	2.95	(2.58)	5.56	(4.92)	14.21
URI	1.37	0.17	0.07	0.75	1.28	(1.65)	2.46	(2.03)	15.09
GSL-PB	0.45	0.01	(0.11)	0.13	0.52	(0.48)	1.02	(0.80)	4.03
CFRLF	0.21	(0.10)	0.00	0.84	0.00	0.00	0.00	0.00	6.98
BXP	1.25	0.08	0.02	0.29	1.55	(1.29)	2.38	(2.65)	7.04

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