Digital Health Correlations

Summary

DHACDelisted Stock

USD 12.11 0.39 3.12%

The current 90-days correlation between Digital Health Acqui and Omnilit Acquisition Corp is -0.17 (i.e., Good diversification). The correlation of Digital Health 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.

Digital Health Correlation With Market

Good diversification

The correlation between Digital Health Acquisition and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Digital Health Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving against Digital Stock

0.65	QLGN	Qualigen Therapeutics Trending	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.64	KO	Coca Cola Aggressive Push	Pair Corr
0.45	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.39	SGD	Safe and Green	Pair Corr
0.37	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.36	HMTLF	Hitachi Metals	Pair Corr
0.36	MULN	Mullen Automotive	Pair Corr
0.35	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	INAQW	OLIT	ESAC	ENTF	KWACW	LCAA	GFOR	BWAC	CDAQ
INAQW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	INAQW
OLIT	0.0		0.81	0.79	0.36	0.9	0.71	0.82	-0.08	OLIT
ESAC	0.0	0.81		0.8	0.48	0.87	0.66	0.86	0.0	ESAC
ENTF	0.0	0.79	0.8		0.32	0.9	0.84	0.79	-0.19	ENTF
KWACW	0.0	0.36	0.48	0.32		0.34	0.26	0.44	-0.01	KWACW
LCAA	0.0	0.9	0.87	0.9	0.34		0.83	0.9	-0.09	LCAA
GFOR	0.0	0.71	0.66	0.84	0.26	0.83		0.74	-0.24	GFOR
BWAC	0.0	0.82	0.86	0.79	0.44	0.9	0.74		-0.16	BWAC
CDAQ	0.0	-0.08	0.0	-0.19	-0.01	-0.09	-0.24	-0.16		CDAQ
	INAQW	OLIT	ESAC	ENTF	KWACW	LCAA	GFOR	BWAC	CDAQ

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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

LCAA	+ 0.9	OLIT
LCAA	+ 0.9	ENTF
BWAC	+ 0.9	LCAA
LCAA	+ 0.87	ESAC
BWAC	+ 0.86	ESAC
GFOR	+ 0.84	ENTF

High negative correlations

CDAQ	- 0.24	GFOR
CDAQ	- 0.19	ENTF
CDAQ	- 0.16	BWAC
CDAQ	- 0.09	LCAA
CDAQ	- 0.08	OLIT
CDAQ	- 0.01	KWACW

Risk-Adjusted Indicators

There is a big difference between Digital Stock performing well and Digital Health 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 Digital Health'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
INAQW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OLIT	0.13	0.03	(0.18)	1.03	0.00	(0.44)	0.67	(0.19)	1.74
ESAC	0.14	0.04	0.00	0.79	0.00	0.00	0.47	(0.09)	2.59
ENTF	0.09	0.02	0.00	0.90	0.00	0.00	0.28	(0.19)	1.60
KWACW	52.43	18.33	0.45	5.36	29.03	(93.04)	161.33	(62.22)	749.43
LCAA	0.10	0.02	(0.57)	1.39	0.00	(0.17)	0.29	(0.10)	0.68
GFOR	0.21	0.02	(0.22)	0.36	0.22	(0.32)	0.39	(0.38)	3.89
BWAC	0.13	0.01	(0.38)	0.49	0.07	(0.23)	0.28	(0.37)	1.02
CDAQ	0.15	0.00	0.00	0.16	0.00	0.00	0.19	(0.73)	4.23

Delisting Warning - DHAC

Digital Health Acqui was delisted

The entity Digital Health Acquisition with a symbol DHAC was delisted from NASDAQ Exchange. Please try VSee Health, with a symbol VSEE from now on. Check all delisted instruments accross multiple markets.

Still Interested in Digital Health Acquisition?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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