Cartesian Growth Correlations

CGCT Stock

10.29 0.02 0.19%

The current 90-days correlation between Cartesian Growth and Rithm Acquisition Corp is -0.15 (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 unemployment.

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

Moving together with Cartesian Stock

0.79	DMAA	Drugs Made In	Pair Corr
0.74	BAYA	Bayview Acquisition Corp	Pair Corr
0.67	COHN	Cohen Company	Pair Corr
0.7	KCRD	Kindcard	Pair Corr
0.65	ACN	Accenture plc	Pair Corr
0.71	FYBR	Frontier Communications	Pair Corr
0.68	NMIH	NMI Holdings	Pair Corr
0.75	KGC	Kinross Gold Sell-off Trend	Pair Corr
0.67	NOMNF	CANEX Metals	Pair Corr
0.83	TLSNY	Telia Company	Pair Corr
0.71	ACR-PC	ACRES Commercial Realty	Pair Corr
0.85	ATI	Allegheny Technologies	Pair Corr
0.75	SMEGF	Siemens Energy AG	Pair Corr

Moving against Cartesian Stock

0.71	FRMI	Fermi Common Stock	Pair Corr
0.66	GLABF	Gemina Laboratories	Pair Corr
0.49	MCGA	MCGA Symbol Change	Pair Corr
0.47	ZTLLF	Zonetail	Pair Corr
0.41	NSFDF	NXT Energy Solutions	Pair Corr

Related Correlations Analysis

	RAC	DAAQ	COPL	PMTR	SZZL	HVMCU	FACT
RAC		0.09	0.01	0.21	0.26	0.11	-0.09	RAC
DAAQ	0.09		-0.67	0.67	-0.34	0.5	-0.13	DAAQ
COPL	0.01	-0.67		-0.5	0.42	-0.36	0.29	COPL
PMTR	0.21	0.67	-0.5		-0.07	0.48	-0.18	PMTR
SZZL	0.26	-0.34	0.42	-0.07		-0.09	0.18	SZZL
HVMCU	0.11	0.5	-0.36	0.48	-0.09		-0.38	HVMCU
FACT	-0.09	-0.13	0.29	-0.18	0.18	-0.38		FACT
	RAC	DAAQ	COPL	PMTR	SZZL	HVMCU	FACT

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

PMTR	+ 0.67	DAAQ
HVMCU	+ 0.5	DAAQ
HVMCU	+ 0.48	PMTR
SZZL	+ 0.42	COPL
FACT	+ 0.29	COPL
SZZL	+ 0.26	RAC

High negative correlations

COPL	- 0.67	DAAQ
PMTR	- 0.5	COPL
FACT	- 0.38	HVMCU
HVMCU	- 0.36	COPL
SZZL	- 0.34	DAAQ
FACT	- 0.18	PMTR

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
RAC	0.22	0.01	(0.22)	0.48	0.21	(0.42)	0.68	(0.38)	1.64
DAAQ	0.17	(0.03)	0.00	3.61	0.00	0.00	0.39	(0.39)	1.36
COPL	0.14	0.00	(0.25)	0.00	0.19	(0.28)	0.39	(0.39)	1.85
PMTR	0.33	(0.02)	(0.20)	0.01	0.40	(0.41)	0.76	(0.85)	3.29
SZZL	0.12	0.00	(0.26)	0.07	0.13	(0.21)	0.39	(0.39)	1.38
HVMCU	0.29	0.00	(0.05)	0.07	0.73	(0.95)	1.28	(0.39)	6.67
FACT	0.32	0.01	(0.15)	0.33	0.39	(0.42)	0.96	(0.95)	2.12

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