Denali Capital Correlations

DECA Stock

USD 11.69 0.04 0.34%

The current 90-days correlation between Denali Capital Acqui and Welsbach Technology Metals is -0.02 (i.e., Good diversification). The correlation of Denali Capital 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.

Denali Capital Correlation With Market

Good diversification

The correlation between Denali Capital Acquisition and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Denali Capital Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Denali Capital 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 main economic indicators.

Moving against Denali Stock

0.32	PT	Pintec Technology	Pair Corr
0.55	WU	Western Union	Pair Corr
0.5	XP	Xp Inc	Pair Corr
0.49	RM	Regional Management Corp	Pair Corr
0.39	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.49	BRKHU	BurTech Acquisition Corp	Pair Corr
0.41	BRKHW	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	FMIV	PTWOU	WTMA	BRACU	GFGD	JAQCU	SPCMU	FLFV	GMFIU
FMIV		-0.45	-0.07	-0.75	0.79	0.72	0.28	-0.42	0.55	FMIV
PTWOU	-0.45		-0.21	0.53	-0.65	-0.64	-0.23	0.33	-0.44	PTWOU
WTMA	-0.07	-0.21		0.26	0.1	0.31	-0.16	-0.62	0.04	WTMA
BRACU	-0.75	0.53	0.26		-0.77	-0.55	-0.38	0.17	-0.57	BRACU
GFGD	0.79	-0.65	0.1	-0.77		0.9	0.48	-0.42	0.65	GFGD
JAQCU	0.72	-0.64	0.31	-0.55	0.9		0.35	-0.49	0.54	JAQCU
SPCMU	0.28	-0.23	-0.16	-0.38	0.48	0.35		0.01	0.22	SPCMU
FLFV	-0.42	0.33	-0.62	0.17	-0.42	-0.49	0.01		-0.25	FLFV
GMFIU	0.55	-0.44	0.04	-0.57	0.65	0.54	0.22	-0.25		GMFIU
	FMIV	PTWOU	WTMA	BRACU	GFGD	JAQCU	SPCMU	FLFV	GMFIU

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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

JAQCU	+ 0.9	GFGD
GFGD	+ 0.79	FMIV
JAQCU	+ 0.72	FMIV
GMFIU	+ 0.65	GFGD
GMFIU	+ 0.55	FMIV
GMFIU	+ 0.54	JAQCU

High negative correlations

GFGD	- 0.77	BRACU
BRACU	- 0.75	FMIV
GFGD	- 0.65	PTWOU
JAQCU	- 0.64	PTWOU
FLFV	- 0.62	WTMA
GMFIU	- 0.57	BRACU

Risk-Adjusted Indicators

There is a big difference between Denali Stock performing well and Denali Capital 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 Denali Capital'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
FMIV	0.11	0.02	(0.25)	1.21	0.00	(0.30)	0.49	(0.29)	1.17
PTWOU	3.93	0.28	0.00	(0.03)	6.62	(9.34)	14.07	(12.76)	52.21
WTMA	0.11	(0.01)	(0.15)	(0.07)	0.23	(0.63)	0.55	(0.36)	1.70
BRACU	0.26	(0.13)	0.00	(3.49)	0.00	0.00	0.00	0.00	7.26
GFGD	0.09	0.02	(0.42)	3.41	0.00	(0.17)	0.19	(0.19)	0.97
JAQCU	0.09	0.03	0.00	(0.88)	0.00	0.00	0.39	0.00	1.38
SPCMU	0.22	0.01	(0.06)	0.50	0.55	(0.60)	0.47	(0.38)	8.48
FLFV	3.97	(1.85)	0.00	2.72	0.00	0.00	0.83	(16.10)	78.38
GMFIU	0.63	0.00	(0.03)	0.28	1.14	(2.60)	3.07	(2.62)	9.13

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