FTAC Emerald Correlations

FLDDU Stock

12.00 0.60 5.26%

The current 90-days correlation between FTAC Emerald Acquisition and Distoken Acquisition is -0.01 (i.e., Good diversification). The correlation of FTAC Emerald 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.

FTAC Emerald Correlation With Market

Significant diversification

The correlation between FTAC Emerald Acquisition and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FTAC Emerald Acquisition 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 FTAC Emerald 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 unemployment.

Moving against FTAC Stock

0.4	AOGOU	Arogo Capital Acquisition	Pair Corr
0.37	WAVSW	WESTERN ACQUISITION	Pair Corr
0.33	BAYAR	Bayview Acquisition Corp	Pair Corr
0.39	FRLA	Fortune Rise Acquisition	Pair Corr
0.34	INTEU	Integral Acquisition	Pair Corr

Related Correlations Analysis

	DIST	VACH	DMYY	YHNAR	YHNAU	VCIC	DPCS	PWUPU	PWUPW
DIST		0.17	-0.13	-0.1	0.11	-0.4	0.81	-0.15	-0.37	DIST
VACH	0.17		-0.17	-0.12	0.39	-0.52	0.12	-0.6	-0.19	VACH
DMYY	-0.13	-0.17		0.22	0.09	0.23	0.07	-0.25	-0.03	DMYY
YHNAR	-0.1	-0.12	0.22		-0.17	-0.1	-0.1	0.07	0.12	YHNAR
YHNAU	0.11	0.39	0.09	-0.17		-0.43	0.2	-0.45	-0.39	YHNAU
VCIC	-0.4	-0.52	0.23	-0.1	-0.43		-0.35	0.29	0.32	VCIC
DPCS	0.81	0.12	0.07	-0.1	0.2	-0.35		-0.2	-0.34	DPCS
PWUPU	-0.15	-0.6	-0.25	0.07	-0.45	0.29	-0.2		0.35	PWUPU
PWUPW	-0.37	-0.19	-0.03	0.12	-0.39	0.32	-0.34	0.35		PWUPW
	DIST	VACH	DMYY	YHNAR	YHNAU	VCIC	DPCS	PWUPU	PWUPW

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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

DPCS	+ 0.81	DIST
YHNAU	+ 0.39	VACH
PWUPW	+ 0.35	PWUPU
PWUPW	+ 0.32	VCIC
PWUPU	+ 0.29	VCIC
VCIC	+ 0.23	DMYY

High negative correlations

PWUPU	- 0.6	VACH
VCIC	- 0.52	VACH
PWUPU	- 0.45	YHNAU
VCIC	- 0.43	YHNAU
VCIC	- 0.4	DIST
PWUPW	- 0.39	YHNAU

Risk-Adjusted Indicators

There is a big difference between FTAC Stock performing well and FTAC Emerald 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 FTAC Emerald'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
DIST	0.16	0.04	(0.17)	0.83	0.00	(0.31)	0.37	(0.18)	2.25
VACH	0.10	0.00	(0.54)	0.31	0.05	(0.18)	0.20	(0.20)	1.09
DMYY	0.23	0.00	(0.19)	(0.02)	0.30	(0.59)	0.66	(0.84)	2.93
YHNAR	4.48	0.20	0.00	0.49	0.00	0.00	18.18	(8.33)	25.87
YHNAU	0.07	0.03	(0.87)	(0.56)	0.00	(0.17)	0.20	(0.10)	0.30
VCIC	0.05	0.01	0.00	(0.42)	0.00	0.00	0.10	(0.10)	0.30
DPCS	0.61	0.19	0.02	(0.57)	0.75	(1.71)	0.70	(0.55)	17.65
PWUPU	2.32	0.17	0.00	(0.45)	3.69	(5.24)	7.12	(10.96)	28.56
PWUPW	18.69	2.39	0.12	0.89	16.38	(30.69)	44.20	(30.29)	176.45

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