Flag Ship Correlations

FSHPU Stock

10.43 0.00 0.00%

The current 90-days correlation between Flag Ship Acquisition and Distoken Acquisition is 0.14 (i.e., Average diversification). The correlation of Flag Ship 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.

Flag Ship Correlation With Market

Good diversification

The correlation between Flag Ship Acquisition and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flag Ship 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 Flag Ship 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 american community survey.

Moving together with Flag Stock

0.63	DIST	Distoken Acquisition	Pair Corr
0.74	DSAQ	Direct Selling Acqui	Pair Corr
0.69	DYCQ	DT Cloud Acquisition	Pair Corr
0.72	TETEU	Technology Telecommunicatio	Pair Corr
0.61	NOVVU	Nova Vision Acquisition	Pair Corr
0.71	EMCG	Embrace Change Acqui	Pair Corr
0.68	ESHA	ESH Acquisition Corp	Pair Corr
0.68	EVGR	Evergreen Corp	Pair Corr
0.65	ANSCW	Agriculture Natural	Pair Corr
0.7	OCAXW	OCA Acquisition Corp	Pair Corr

Moving against Flag Stock

0.8	BRKHU	BurTech Acquisition Corp	Pair Corr
0.71	BRACR	Broad Capital Acquisition	Pair Corr
0.53	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.45	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.42	HHGCU	HHG Capital Corp	Pair Corr
0.41	ROCLU	Roth CH Acquisition	Pair Corr
0.39	EMCGR	Embrace Change Acqui	Pair Corr
0.35	BRACU	Broad Capital Acquisition	Pair Corr
0.33	TETEW	Technology Telecommunicatio	Pair Corr
0.74	IMAQU	International Media	Pair Corr
0.66	IMAQR	International Media	Pair Corr
0.53	WAVSW	Western Acquisition	Pair Corr
0.5	IMAQW	International Media	Pair Corr

Related Correlations Analysis

	DIST	DMYY	YHNAR	YHNAU	NOEMU	VCIC	PWUPU	PWUPW	DTSQ
DIST		0.25	-0.18	0.69	-0.13	-0.48	-0.34	-0.51	0.72	DIST
DMYY	0.25		-0.09	0.29	0.05	0.14	-0.11	-0.21	0.17	DMYY
YHNAR	-0.18	-0.09		-0.14	0.29	-0.05	0.08	0.13	-0.15	YHNAR
YHNAU	0.69	0.29	-0.14		-0.09	-0.36	-0.29	-0.41	0.67	YHNAU
NOEMU	-0.13	0.05	0.29	-0.09		0.09	0.03	0.07	0.0	NOEMU
VCIC	-0.48	0.14	-0.05	-0.36	0.09		0.5	0.46	-0.53	VCIC
PWUPU	-0.34	-0.11	0.08	-0.29	0.03	0.5		0.38	-0.35	PWUPU
PWUPW	-0.51	-0.21	0.13	-0.41	0.07	0.46	0.38		-0.44	PWUPW
DTSQ	0.72	0.17	-0.15	0.67	0.0	-0.53	-0.35	-0.44		DTSQ
	DIST	DMYY	YHNAR	YHNAU	NOEMU	VCIC	PWUPU	PWUPW	DTSQ

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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

DTSQ	+ 0.72	DIST
YHNAU	+ 0.69	DIST
DTSQ	+ 0.67	YHNAU
PWUPU	+ 0.5	VCIC
PWUPW	+ 0.46	VCIC
PWUPW	+ 0.38	PWUPU

High negative correlations

DTSQ	- 0.53	VCIC
PWUPW	- 0.51	DIST
VCIC	- 0.48	DIST
DTSQ	- 0.44	PWUPW
PWUPW	- 0.41	YHNAU
VCIC	- 0.36	YHNAU

Risk-Adjusted Indicators

There is a big difference between Flag Stock performing well and Flag Ship 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 Flag Ship'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	0.20	0.04	(0.07)	0.99	0.26	(0.38)	0.45	(0.18)	3.45
DMYY	0.19	0.00	(0.17)	0.02	0.25	(0.53)	0.66	(0.56)	1.97
YHNAR	5.08	0.18	0.00	0.38	0.00	0.00	18.18	(8.33)	26.52
YHNAU	0.18	0.01	(0.07)	(0.76)	0.52	(0.36)	0.20	(0.10)	1.48
NOEMU	0.04	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.20
VCIC	0.06	0.01	0.00	(0.59)	0.00	0.00	0.20	(0.10)	0.30
PWUPU	2.17	0.16	0.00	(0.24)	3.67	(4.90)	6.53	(10.96)	28.56
PWUPW	17.62	3.60	0.14	(0.45)	15.46	(30.50)	44.20	(29.43)	176.45
DTSQ	0.05	0.00	(0.52)	0.61	0.00	(0.13)	0.20	(0.10)	0.50

Flag Ship Corporate Executives

Elected by the shareholders, the Flag Ship's board of directors comprises two types of representatives: Flag Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flag. The board's role is to monitor Flag Ship's management team and ensure that shareholders' interests are well served. Flag Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flag Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.

Luhuan Zhong

CFO Officer

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