Cartesian Growth Correlations

CGCT Stock

10.33 0.03 0.29%

The current 90-days correlation between Cartesian Growth and Artius II Acquisition is -0.11 (i.e., Good diversification). The correlation of Cartesian Growth 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.

Build AI portfolio with Cartesian Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cartesian Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Cartesian Stock please use our How to Invest in Cartesian Growth guide.

Moving together with Cartesian Stock

0.7	DMAA	Drugs Made In	Pair Corr
0.64	VACH	Voyager Acquisition Corp	Pair Corr
0.65	DRDB	Roman DBDR Acquisition	Pair Corr
0.66	VNME	Vendome Acquisition	Pair Corr
0.65	EGHA	EGH Acquisition Corp	Pair Corr
0.65	AAM	AA Mission Acquisition	Pair Corr
0.61	ALF	Centurion Acquisition	Pair Corr
0.72	CUB	Lionheart Holdings	Pair Corr
0.76	FTW	EQV Ventures Acquisition Symbol Change	Pair Corr
0.68	GRAF	Graf Global Corp	Pair Corr
0.65	GSHR	Gesher Acquisition Corp	Pair Corr
0.62	HSPT	Horizon Space Acquisition	Pair Corr
0.62	INAC	Indigo Acquisition Corp	Pair Corr
0.63	IPOD	Dune Acquisition	Pair Corr
0.67	LPAA	Launch One Acquisition	Pair Corr

Moving against Cartesian Stock

0.69	ETHM	Dynamix Symbol Change	Pair Corr
0.46	BRR	Columbus Circle Capital Symbol Change	Pair Corr
0.71	MCGA	MCGA Symbol Change	Pair Corr
0.67	LPRO	Open Lending Corp	Pair Corr
0.59	XRPN	Armada Acquisition Corp Symbol Change	Pair Corr
0.52	MQG	Macquarie Group	Pair Corr

Related Correlations Analysis

	AACB	PMTR	GRAF	POLE	LEGT	SOUL	MBAV	RAAQ
AACB		-0.05	0.88	0.02	0.24	0.51	0.55	0.35	AACB
PMTR	-0.05		-0.11	0.6	0.14	0.08	-0.17	0.62	PMTR
GRAF	0.88	-0.11		0.01	0.26	0.48	0.54	0.27	GRAF
POLE	0.02	0.6	0.01		0.18	0.19	-0.13	0.51	POLE
LEGT	0.24	0.14	0.26	0.18		0.5	-0.06	0.49	LEGT
SOUL	0.51	0.08	0.48	0.19	0.5		-0.09	0.64	SOUL
MBAV	0.55	-0.17	0.54	-0.13	-0.06	-0.09		-0.15	MBAV
RAAQ	0.35	0.62	0.27	0.51	0.49	0.64	-0.15		RAAQ
	AACB	PMTR	GRAF	POLE	LEGT	SOUL	MBAV	RAAQ

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

GRAF	+ 0.88	AACB
RAAQ	+ 0.64	SOUL
RAAQ	+ 0.62	PMTR
POLE	+ 0.6	PMTR
MBAV	+ 0.55	AACB
MBAV	+ 0.54	GRAF

High negative correlations

MBAV	- 0.17	PMTR
RAAQ	- 0.15	MBAV
MBAV	- 0.13	POLE
GRAF	- 0.11	PMTR
MBAV	- 0.09	SOUL
MBAV	- 0.06	LEGT

Risk-Adjusted Indicators

There is a big difference between Cartesian Stock performing well and Cartesian Growth 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 Cartesian Growth'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
AACB	0.09	0.01	(0.24)	(3.33)	0.00	(0.19)	0.29	(0.20)	0.59
PMTR	0.35	(0.02)	(0.11)	0.00	0.43	(0.42)	0.76	(0.85)	3.29
GRAF	0.18	0.00	(0.13)	(0.26)	0.25	(0.27)	0.38	(0.38)	2.60
POLE	0.34	0.00	(0.07)	0.03	0.51	(0.54)	0.95	(0.93)	4.71
LEGT	0.33	0.02	(0.07)	(0.05)	0.52	(0.50)	0.90	(0.73)	4.86
SOUL	0.12	0.00	(0.20)	0.02	0.14	(0.18)	0.29	(0.30)	1.28
MBAV	0.26	0.01	(0.08)	1.68	0.42	(0.29)	0.47	(0.47)	3.07
RAAQ	0.27	0.01	(0.13)	(0.06)	0.28	(0.46)	0.58	(0.58)	3.81

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