Distoken Acquisition Correlations

DISTW Stock

0.02 0 6.59%

The current 90-days correlation between Distoken Acquisition and PowerUp Acquisition Corp is 0.02 (i.e., Significant 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

Very good diversification

The correlation between Distoken Acquisition and DJI is -0.21 (i.e., Very good 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.

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 estimate.

Moving against Distoken Stock

0.48	BN	Brookfield Corp	Pair Corr
0.48	LX	Lexinfintech Holdings	Pair Corr
0.44	AC	Associated Capital	Pair Corr
0.43	LU	Lufax Holding	Pair Corr
0.41	CG	Carlyle Group	Pair Corr
0.37	MA	Mastercard	Pair Corr
0.36	DB	Deutsche Bank AG	Pair Corr
0.36	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.35	MC	Moelis	Pair Corr
0.34	AB	AllianceBernstein	Pair Corr
0.31	DIST	Distoken Acquisition	Pair Corr
0.31	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.45	QD	Qudian Inc	Pair Corr
0.42	TW	Tradeweb Markets Normal Trading	Pair Corr
0.39	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.37	WD	Walker Dunlop	Pair Corr
0.37	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.31	DYCQ	DT Cloud Acquisition	Pair Corr
0.4	LGHLW	Lion Financial Group	Pair Corr
0.33	VRTS	Virtus Investment	Pair Corr
0.31	ENVA	Enova International	Pair Corr

Related Correlations Analysis

	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP
PWUP		0.41	-0.26	0.0	-0.47	0.6	0.55	0.5	0.1	-0.33	PWUP
AUROW	0.41		-0.64	0.0	-0.47	0.77	0.07	0.6	-0.27	0.19	AUROW
444859BR2	-0.26	-0.64		0.0	0.35	-0.55	-0.1	-0.62	0.39	-0.35	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.47	-0.47	0.35	0.0		-0.49	-0.41	-0.41	-0.04	0.12	BRRAY
MSTSX	0.6	0.77	-0.55	0.0	-0.49		0.29	0.69	0.02	-0.11	MSTSX
ABHYX	0.55	0.07	-0.1	0.0	-0.41	0.29		0.59	-0.03	-0.21	ABHYX
LBHIX	0.5	0.6	-0.62	0.0	-0.41	0.69	0.59		-0.26	0.15	LBHIX
SCAXF	0.1	-0.27	0.39	0.0	-0.04	0.02	-0.03	-0.26		-0.78	SCAXF
VIASP	-0.33	0.19	-0.35	0.0	0.12	-0.11	-0.21	0.15	-0.78		VIASP
	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP

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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

MSTSX	+ 0.77	AUROW
LBHIX	+ 0.69	MSTSX
MSTSX	+ 0.6	PWUP
LBHIX	+ 0.6	AUROW
LBHIX	+ 0.59	ABHYX
ABHYX	+ 0.55	PWUP

High negative correlations

VIASP	- 0.78	SCAXF
444859BR2	- 0.64	AUROW
LBHIX	- 0.62	444859BR2
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
BRRAY	- 0.47	AUROW

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
PWUP	1.20	0.08	(0.01)	(0.47)	2.43	(2.40)	4.50	(4.59)	20.77
AUROW	9.35	2.11	0.30	0.40	7.73	(13.09)	26.47	(11.84)	99.11
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18

Distoken Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Distoken Acquisition stock to make a market-neutral strategy. Peer analysis of Distoken Acquisition could also be used in its relative valuation, which is a method of valuing Distoken Acquisition by comparing valuation metrics with similar companies.

PowerUp Acquisition Corp Aurora Innovation HUMANA INC Aquagold International Barloworld Ltd ADR Morningstar Unconstrained Allocation High Yield Municipal Fund Thrivent High Yield Sparta Capital Via Renewables American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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