Social Capital Correlations

Summary

DNABDelisted Stock

USD 10.35 0.00 0.00%

The current 90-days correlation between Social Capital Suvretta and Sculptor Acquisition Corp is -0.03 (i.e., Good diversification). The correlation of Social 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.

Social Capital Correlation With Market

Significant diversification

The correlation between Social Capital Suvretta and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Social Capital Suvretta 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 together with Social Stock

0.64	EC	Ecopetrol SA ADR	Pair Corr
0.79	V	Visa Class A	Pair Corr
0.86	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.88	GILT	Gilat Satellite Networks	Pair Corr
0.79	CSCO	Cisco Systems	Pair Corr
0.71	JPM	JPMorgan Chase	Pair Corr
0.63	MMM	3M Company	Pair Corr
0.63	IBM	International Business Tech Boost	Pair Corr
0.83	AXP	American Express	Pair Corr
0.81	WMT	Walmart Aggressive Push	Pair Corr

Moving against Social Stock

0.87	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.86	PIFMF	PT Indofood Sukses	Pair Corr
0.83	PTAIF	PT Astra International	Pair Corr
0.7	PTAIY	Astra International Tbk	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.52	TLK	Telkom Indonesia Tbk	Pair Corr
0.32	SYM	Symbotic	Pair Corr
0.31	PIFMY	Indofood Sukses Makmur	Pair Corr
0.83	HPQ	HP Inc	Pair Corr
0.77	INTC	Intel	Pair Corr
0.76	JNJ	Johnson Johnson	Pair Corr
0.7	AA	Alcoa Corp	Pair Corr
0.59	KO	Coca Cola Earnings Call This Week	Pair Corr
0.5	VZ	Verizon Communications	Pair Corr
0.44	MCD	McDonalds Earnings Call This Week	Pair Corr
0.34	CAT	Caterpillar Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SKYAU	SCUA	PHYT	BNNR	CLAYU	IVCPU	VBOCU	LVAC	NUBI
SKYAU		-0.27	0.32	-0.28	-0.38	0.14	-0.2	0.18	-0.38	SKYAU
SCUA	-0.27		-0.86	0.94	0.83	-0.01	0.51	0.78	0.78	SCUA
PHYT	0.32	-0.86		-0.89	-0.74	-0.07	-0.51	-0.7	-0.73	PHYT
BNNR	-0.28	0.94	-0.89		0.82	-0.02	0.51	0.75	0.78	BNNR
CLAYU	-0.38	0.83	-0.74	0.82		-0.33	0.24	0.57	0.7	CLAYU
IVCPU	0.14	-0.01	-0.07	-0.02	-0.33		0.06	0.05	0.02	IVCPU
VBOCU	-0.2	0.51	-0.51	0.51	0.24	0.06		0.47	0.39	VBOCU
LVAC	0.18	0.78	-0.7	0.75	0.57	0.05	0.47		0.6	LVAC
NUBI	-0.38	0.78	-0.73	0.78	0.7	0.02	0.39	0.6		NUBI
	SKYAU	SCUA	PHYT	BNNR	CLAYU	IVCPU	VBOCU	LVAC	NUBI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BNNR	+ 0.94	SCUA
CLAYU	+ 0.83	SCUA
CLAYU	+ 0.82	BNNR
LVAC	+ 0.78	SCUA
NUBI	+ 0.78	SCUA
NUBI	+ 0.78	BNNR

High negative correlations

BNNR	- 0.89	PHYT
PHYT	- 0.86	SCUA
CLAYU	- 0.74	PHYT
NUBI	- 0.73	PHYT
LVAC	- 0.7	PHYT
VBOCU	- 0.51	PHYT

Risk-Adjusted Indicators

There is a big difference between Social Stock performing well and Social 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 Social 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
SKYAU	0.11	(0.02)	0.00	(0.28)	0.00	0.00	0.20	(0.30)	2.94
SCUA	0.06	0.01	(0.44)	0.31	0.00	(0.15)	0.10	(0.10)	0.86
PHYT	0.05	(0.02)	0.00	3.26	0.00	0.00	0.09	(0.26)	0.87
BNNR	0.06	0.01	(0.53)	(1.00)	0.00	(0.13)	0.20	(0.10)	0.39
CLAYU	0.38	0.19	0.00	(3.00)	0.00	0.00	1.43	0.00	4.14
IVCPU	1.27	(0.21)	0.00	(6.26)	0.00	0.00	2.36	(2.25)	35.28
VBOCU	0.36	0.02	(0.04)	(0.15)	0.53	(0.87)	1.33	(1.41)	5.07
LVAC	0.07	0.01	(0.29)	(0.88)	0.00	(0.18)	0.19	(0.10)	0.87
NUBI	0.17	0.01	(0.14)	(0.35)	0.18	(0.30)	0.57	(0.47)	1.42

Social Capital 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 Social Capital stock to make a market-neutral strategy. Peer analysis of Social Capital could also be used in its relative valuation, which is a method of valuing Social Capital by comparing valuation metrics with similar companies.

Skydeck Acquisition Corp Sculptor Acquisition Corp Pyrophyte Acquisition Corp Banner Acquisition Corp Chavant Capital Acquisition Swiftmerge Acquisition Corp Viscogliosi Brothers Acquisition LAVA Medtech Acquisition NUBI Old American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

Still Interested in Social Capital Suvretta?

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC