FG Merger Correlations

FGMC Stock

USD 10.08 0.01 0.1%

The current 90-days correlation between FG Merger II and Spark I Acquisition is 0.07 (i.e., Significant diversification). The correlation of FG Merger 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.

FG Merger Correlation With Market

Very poor diversification

The correlation between FG Merger II and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FG Merger II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FGMC Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Merger II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with FGMC Stock

0.84	DMAA	Drugs Made In	Pair Corr
0.84	VACH	Voyager Acquisition Corp	Pair Corr
0.7	DRDB	Roman DBDR Acquisition	Pair Corr
0.63	EGHA	EGH Acquisition Corp	Pair Corr
0.82	IPC	Imperial Pacific Earnings Call This Week	Pair Corr
0.78	ALF	Centurion Acquisition	Pair Corr
0.7	CUB	Lionheart Holdings	Pair Corr
0.86	FTW	EQV Ventures Acquisition Symbol Change	Pair Corr
0.68	UBS	UBS Group AG	Pair Corr
0.73	INVP	Investec PLC	Pair Corr
0.71	INAC	Indigo Acquisition Corp	Pair Corr

Moving against FGMC Stock

0.65	BRR	Columbus Circle Capital Symbol Change	Pair Corr
0.58	FRMI	Fermi Inc Trending	Pair Corr
0.33	AAM	AA Mission Acquisition	Pair Corr
0.45	ALUB-U	Alussa Energy Acquisition	Pair Corr

Related Correlations Analysis

	SPKL	HSPT	KVAC	CHPG	FSHP	COLA	ISRL	ASPC	PGAC
SPKL		0.18	0.36	0.51	0.57	0.56	0.21	0.43	0.54	SPKL
HSPT	0.18		0.16	0.26	0.21	0.1	0.22	0.04	0.37	HSPT
KVAC	0.36	0.16		0.62	0.7	0.65	0.23	0.17	0.66	KVAC
CHPG	0.51	0.26	0.62		0.77	0.84	0.54	0.03	0.8	CHPG
FSHP	0.57	0.21	0.7	0.77		0.74	0.35	0.15	0.75	FSHP
COLA	0.56	0.1	0.65	0.84	0.74		0.34	0.05	0.64	COLA
ISRL	0.21	0.22	0.23	0.54	0.35	0.34		-0.07	0.36	ISRL
ASPC	0.43	0.04	0.17	0.03	0.15	0.05	-0.07		0.17	ASPC
PGAC	0.54	0.37	0.66	0.8	0.75	0.64	0.36	0.17		PGAC
	SPKL	HSPT	KVAC	CHPG	FSHP	COLA	ISRL	ASPC	PGAC

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

COLA	+ 0.84	CHPG
PGAC	+ 0.8	CHPG
FSHP	+ 0.77	CHPG
PGAC	+ 0.75	FSHP
COLA	+ 0.74	FSHP
FSHP	+ 0.7	KVAC

High negative correlations

ASPC

- 0.07

ISRL

Risk-Adjusted Indicators

There is a big difference between FGMC Stock performing well and FG Merger 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 FG Merger'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
SPKL	0.28	(0.01)	(0.09)	0.01	0.38	(0.59)	0.89	(0.80)	3.73
HSPT	0.80	0.32	0.21	(2.07)	0.54	(1.31)	1.62	(0.66)	7.00
KVAC	0.34	0.02	(0.05)	(0.45)	0.44	(0.78)	1.27	(1.26)	3.29
CHPG	0.12	0.00	(0.16)	0.00	0.00	(0.29)	0.39	(0.20)	0.98
FSHP	0.16	0.00	(0.09)	0.11	0.19	(0.41)	0.75	(0.65)	1.66
COLA	0.21	(0.01)	(0.23)	(0.05)	0.20	(0.33)	0.39	(0.39)	1.83
ISRL	1.06	0.09	0.01	1.14	1.64	(2.78)	4.17	(3.23)	21.30
ASPC	8.97	1.29	0.12	(1.14)	7.84	(14.53)	29.42	(16.65)	99.90
PGAC	0.09	0.01	(0.17)	0.85	0.00	(0.20)	0.29	(0.19)	0.96

FG Merger Corporate Management

Emily Torres	Chief Officer	Profile
Hassan CPA	Chief Officer	Profile
CFA Swets	Chief Officer	Profile
Wesley Schrader	CEO Director	Profile

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