Cohen Circle Correlations

CCIRU Stock

10.02 0.01 0.1%

The current 90-days correlation between Cohen Circle Acquisition and Voyager Acquisition Corp is -0.12 (i.e., Good diversification). The correlation of Cohen Circle 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.

Cohen Circle Correlation With Market

Significant diversification

The correlation between Cohen Circle Acquisition and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cohen Circle 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 Cohen Circle 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 metropolitan statistical area.

Moving together with Cohen Stock

0.61	BRACR	Broad Capital Acquisition	Pair Corr
0.65	IMAQR	International Media	Pair Corr
0.65	IMAQU	International Media	Pair Corr

Moving against Cohen Stock

0.67	FRLAU	Fortune Rise Acquisition	Pair Corr
0.65	OCAXW	OCA Acquisition Corp	Pair Corr
0.57	AAM	AA Mission Acquisition	Pair Corr
0.53	DSAQ	Direct Selling Acqui	Pair Corr
0.53	NOVVU	Nova Vision Acquisition	Pair Corr
0.5	ALF	Centurion Acquisition	Pair Corr
0.46	BAYAR	Bayview Acquisition Corp	Pair Corr
0.45	DTSQ	DT Cloud Star	Pair Corr
0.44	BAYAU	Bayview Acquisition Corp	Pair Corr
0.34	DUET	DUET Acquisition Corp	Pair Corr
0.73	GODN	Golden Star Acquisition	Pair Corr
0.65	EVE	EVe Mobility Acquisition	Pair Corr
0.65	GLAC	Global Lights Acquisition	Pair Corr
0.59	FRLA	Fortune Rise Acquisition	Pair Corr
0.59	GLLI	Globalink Investment	Pair Corr
0.55	FSHP	Flag Ship Acquisition	Pair Corr
0.55	WEL	Integrated Wellness Earnings Call Tomorrow	Pair Corr
0.53	GATE	Marblegate Acquisition	Pair Corr
0.53	GMFI	Aetherium Acquisition	Pair Corr
0.48	GLST	Global Star Acquisition,	Pair Corr
0.46	GRAF	Graf Global Corp	Pair Corr

Related Correlations Analysis

	VACH	NOEMU	VCIC	DUET	BRACR	BACQU	EURK
VACH		-0.1	-0.53	0.27	-0.3	-0.05	-0.03	VACH
NOEMU	-0.1		-0.38	-0.33	0.07	-0.47	-0.05	NOEMU
VCIC	-0.53	-0.38		-0.27	0.27	-0.02	-0.09	VCIC
DUET	0.27	-0.33	-0.27		-0.19	0.09	0.1	DUET
BRACR	-0.3	0.07	0.27	-0.19		0.08	-0.09	BRACR
BACQU	-0.05	-0.47	-0.02	0.09	0.08		0.02	BACQU
EURK	-0.03	-0.05	-0.09	0.1	-0.09	0.02		EURK
	VACH	NOEMU	VCIC	DUET	BRACR	BACQU	EURK

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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

DUET	+ 0.27	VACH
BRACR	+ 0.27	VCIC
EURK	+ 0.1	DUET
BACQU	+ 0.09	DUET
BACQU	+ 0.08	BRACR
BRACR	+ 0.07	NOEMU

High negative correlations

VCIC	- 0.53	VACH
BACQU	- 0.47	NOEMU
VCIC	- 0.38	NOEMU
DUET	- 0.33	NOEMU
BRACR	- 0.3	VACH
DUET	- 0.27	VCIC

Risk-Adjusted Indicators

There is a big difference between Cohen Stock performing well and Cohen Circle 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 Cohen Circle'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
VACH	0.09	0.00	(0.58)	(0.20)	0.04	(0.18)	0.20	(0.20)	1.09
NOEMU	0.06	0.01	0.00	(1.60)	0.00	0.00	0.10	(0.10)	0.20
VCIC	0.05	0.01	0.00	(0.36)	0.00	0.00	0.10	(0.10)	0.30
DUET	0.04	0.00	0.00	0.05	0.00	0.00	0.00	0.00	1.06
BRACR	5.91	(0.60)	0.00	(0.10)	0.00	0.00	16.67	(15.38)	67.84
BACQU	0.05	(0.02)	0.00	(3.20)	0.00	0.00	0.10	(0.10)	0.30
EURK	0.05	0.01	(0.92)	(0.31)	0.00	(0.14)	0.20	(0.10)	0.40

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