Cactus Acquisition Correlations

CCTS Stock

USD 11.16 0.25 2.29%

The current 90-days correlation between Cactus Acquisition Corp and PowerUp Acquisition Corp is 0.01 (i.e., Significant diversification). The correlation of Cactus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cactus Acquisition Correlation With Market

Very good diversification

The correlation between Cactus Acquisition Corp and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cactus 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 Cactus 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 estimate.

Moving against Cactus Stock

0.62	DHIL	Diamond Hill Investment	Pair Corr
0.57	MC	Moelis	Pair Corr
0.54	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.48	V	Visa Class A	Pair Corr
0.41	DIST	Distoken Acquisition	Pair Corr
0.39	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.36	LC	LendingClub Corp	Pair Corr
0.36	PX	P10 Inc	Pair Corr
0.32	MA	Mastercard	Pair Corr
0.31	BX	Blackstone Group Normal Trading	Pair Corr
0.53	VIRT	Virtu Financial Normal Trading	Pair Corr
0.47	WT	WisdomTree	Pair Corr
0.43	DUET	DUET Acquisition Corp	Pair Corr
0.39	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.34	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.48	ENVA	Enova International	Pair Corr
0.47	VRTS	Virtus Investment	Pair Corr
0.39	ECPG	Encore Capital Group	Pair Corr
0.39	ROCLW	Roth CH Acquisition	Pair Corr

Related Correlations Analysis

	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP
PWUP		0.41	-0.25	0.0	-0.43	0.6	0.6	0.55	0.1	-0.33	PWUP
AUROW	0.41		-0.65	0.0	-0.48	0.76	0.12	0.62	-0.27	0.19	AUROW
444859BR2	-0.25	-0.65		0.0	0.33	-0.54	0.0	-0.61	0.24	-0.35	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.43	-0.48	0.33	0.0		-0.48	-0.42	-0.43	-0.03	0.1	BRRAY
MSTSX	0.6	0.76	-0.54	0.0	-0.48		0.36	0.69	0.05	-0.13	MSTSX
ABHYX	0.6	0.12	0.0	0.0	-0.42	0.36		0.6	-0.02	-0.21	ABHYX
LBHIX	0.55	0.62	-0.61	0.0	-0.43	0.69	0.6		-0.24	0.16	LBHIX
SCAXF	0.1	-0.27	0.24	0.0	-0.03	0.05	-0.02	-0.24		-0.78	SCAXF
VIASP	-0.33	0.19	-0.35	0.0	0.1	-0.13	-0.21	0.16	-0.78		VIASP
	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP

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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

MSTSX	+ 0.76	AUROW
LBHIX	+ 0.69	MSTSX
LBHIX	+ 0.62	AUROW
MSTSX	+ 0.6	PWUP
ABHYX	+ 0.6	PWUP
LBHIX	+ 0.6	ABHYX

High negative correlations

VIASP	- 0.78	SCAXF
444859BR2	- 0.65	AUROW
LBHIX	- 0.61	444859BR2
MSTSX	- 0.54	444859BR2
MSTSX	- 0.48	BRRAY
BRRAY	- 0.48	AUROW

Risk-Adjusted Indicators

There is a big difference between Cactus Stock performing well and Cactus 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 Cactus 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
PWUP	1.20	0.08	(0.01)	(0.47)	2.43	(2.40)	4.50	(4.59)	20.77
AUROW	9.35	2.11	0.30	0.40	7.73	(13.09)	26.47	(11.84)	99.11
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.59)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.50	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.16	0.00	(0.25)	0.05	0.26	(0.24)	0.34	(0.33)	1.91
LBHIX	0.11	0.02	(0.41)	2.96	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.41)	0.00	(0.99)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18

Cactus Acquisition Corporate Management

CPA CPA	Chief Officer	Profile
Ofer BSc	CEO Director	Profile
MST CPA	Chief Officer	Profile
Gary Challinor	Chief Officer	Profile

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