ESH Acquisition Correlations

ESHAR Stock

0.08 0.01 11.21%

The current 90-days correlation between ESH Acquisition Corp and LG Display Co is 0.14 (i.e., Average diversification). The correlation of ESH 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.

ESH Acquisition Correlation With Market

Good diversification

The correlation between ESH Acquisition Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ESH Acquisition Corp 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 ESH Acquisition Corp. 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 ESH Stock

0.63

VACH

Voyager Acquisition Corp

Pair Corr

Moving against ESH Stock

0.31

BAYAU

Bayview Acquisition Corp

Pair Corr

Related Correlations Analysis

	LPL	THO	ASUR	DH	IMTE	FNKO	PLYA
LPL		0.5	-0.06	0.16	-0.19	-0.35	-0.13	LPL
THO	0.5		-0.13	0.3	-0.04	-0.62	-0.55	THO
ASUR	-0.06	-0.13		0.48	0.25	0.71	0.72	ASUR
DH	0.16	0.3	0.48		0.09	0.29	0.39	DH
IMTE	-0.19	-0.04	0.25	0.09		0.17	0.06	IMTE
FNKO	-0.35	-0.62	0.71	0.29	0.17		0.9	FNKO
PLYA	-0.13	-0.55	0.72	0.39	0.06	0.9		PLYA
	LPL	THO	ASUR	DH	IMTE	FNKO	PLYA

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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

PLYA	+ 0.9	FNKO
PLYA	+ 0.72	ASUR
FNKO	+ 0.71	ASUR
THO	+ 0.5	LPL
DH	+ 0.48	ASUR
PLYA	+ 0.39	DH

High negative correlations

FNKO	- 0.62	THO
PLYA	- 0.55	THO
FNKO	- 0.35	LPL
IMTE	- 0.19	LPL
ASUR	- 0.13	THO
PLYA	- 0.13	LPL

Risk-Adjusted Indicators

There is a big difference between ESH Stock performing well and ESH 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 ESH 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
LPL	1.52	(0.02)	0.00	(0.13)	0.00	0.00	2.75	(3.63)	10.87
THO	1.54	(0.10)	0.00	(0.53)	0.00	0.00	2.99	(2.57)	8.05
ASUR	1.82	0.46	0.29	0.65	1.31	(2.38)	3.83	(2.40)	17.35
DH	2.45	0.35	0.13	0.31	2.37	(3.23)	6.80	(4.46)	17.13
IMTE	3.15	0.08	0.02	0.04	3.35	(4.61)	8.33	(5.76)	26.90
FNKO	1.88	0.35	0.16	(0.46)	1.90	(2.08)	4.77	(3.05)	11.83
PLYA	1.47	0.57	0.39	0.53	0.80	(1.84)	2.72	(1.84)	31.78

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