Distoken Acquisition Correlations

DISTR Stock

43,124 1,057 2.51%

The current 90-days correlation between Distoken Acquisition and Asf Group is 0.25 (i.e., Modest diversification). The correlation of Distoken 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.

Distoken Acquisition Correlation With Market

Excellent diversification

The correlation between Distoken Acquisition and DJI is -0.58 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Distoken Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Distoken Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Distoken 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 population.

To learn how to invest in Distoken Stock, please use our How to Invest in Distoken Acquisition guide.

Moving together with Distoken Stock

0.62	JEF	Jefferies Financial	Pair Corr
0.89	CLDN	Caledonia Investments	Pair Corr
0.89	CNNE	Cannae Holdings	Pair Corr
0.69	OAKUR	Oak Woods Acquisition	Pair Corr
0.87	GRAB	Grab Holdings	Pair Corr
0.82	ASST	Strive Asset Management	Pair Corr
0.72	RXRX	Recursion Pharmaceuticals Aggressive Push	Pair Corr
0.67	RIVN	Rivian Automotive	Pair Corr
0.8	NIXXW	Nixxy Inc	Pair Corr

Moving against Distoken Stock

0.84	TVL	Touch Ventures	Pair Corr
0.83	IBAC	IB Acquisition Corp	Pair Corr
0.77	CDO	Cadence Opportunities	Pair Corr
0.74	HYAC	Haymaker Acquisition Corp	Pair Corr
0.73	LEGT	Legato Merger Corp	Pair Corr
0.65	CODI	Compass Diversified	Pair Corr
0.35	AFA	Asf Group	Pair Corr
0.34	NVDA	NVIDIA	Pair Corr
0.91	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.85	PGZ	Principal Real Estate	Pair Corr
0.84	MUX	McEwen Mining	Pair Corr
0.83	RPTX	Repare Therapeutics Earnings Call This Week	Pair Corr
0.81	CVLG	Covenant Logistics	Pair Corr
0.79	TR	Tootsie Roll Industries	Pair Corr
0.78	BSRR	Sierra Bancorp	Pair Corr
0.6	F	Ford Motor	Pair Corr
0.44	UCLE	US Nuclear Corp	Pair Corr
0.34	AUR	Aurora Innovation	Pair Corr
0.85	CKHUY	CK Hutchison Holdings	Pair Corr
0.83	ACR-PC	ACRES Commercial Realty	Pair Corr

Related Correlations Analysis

	LCE	JEF	GOW	HYAC	IBAC	CLDN	LEGT	AFA
LCE		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LCE
JEF	0.0		0.22	-0.33	-0.69	0.63	-0.39	0.1	JEF
GOW	0.0	0.22		0.07	-0.14	0.17	-0.21	0.06	GOW
HYAC	0.0	-0.33	0.07		0.77	-0.82	0.7	0.67	HYAC
IBAC	0.0	-0.69	-0.14	0.77		-0.85	0.76	0.44	IBAC
CLDN	0.0	0.63	0.17	-0.82	-0.85		-0.72	-0.43	CLDN
LEGT	0.0	-0.39	-0.21	0.7	0.76	-0.72		0.45	LEGT
AFA	0.0	0.1	0.06	0.67	0.44	-0.43	0.45		AFA
	LCE	JEF	GOW	HYAC	IBAC	CLDN	LEGT	AFA

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

IBAC	+ 0.77	HYAC
LEGT	+ 0.76	IBAC
LEGT	+ 0.7	HYAC
AFA	+ 0.67	HYAC
CLDN	+ 0.63	JEF
AFA	+ 0.45	LEGT

High negative correlations

CLDN	- 0.85	IBAC
CLDN	- 0.82	HYAC
LEGT	- 0.72	CLDN
IBAC	- 0.69	JEF
AFA	- 0.43	CLDN
LEGT	- 0.39	JEF

Risk-Adjusted Indicators

There is a big difference between Distoken Stock performing well and Distoken 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 Distoken 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
LCE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JEF	1.86	(0.47)	0.00	(0.12)	0.00	0.00	2.86	(5.59)	10.53
GOW	0.76	(0.01)	0.00	0.17	0.00	0.00	2.24	(2.56)	7.15
HYAC	0.12	0.01	(0.37)	0.55	0.00	(0.17)	0.26	(0.26)	0.70
IBAC	0.14	0.03	(0.16)	1.65	0.00	(0.25)	0.47	(0.28)	0.95
CLDN	0.68	(0.15)	0.00	(4.02)	0.00	0.00	1.31	(1.46)	4.00
LEGT	0.26	0.01	(0.13)	(0.07)	0.43	(0.33)	0.46	(0.55)	5.16
AFA	4.88	0.62	0.07	1.12	5.43	(7.69)	11.54	(11.29)	48.24

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