HCM Acquisition Correlations
| HCMADelisted Stock | USD 10.74 0.00 0.00% |
The current 90-days correlation between HCM Acquisition Corp and FAST Acquisition II is -0.11 (i.e., Good diversification). The correlation of HCM 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.
HCM Acquisition Correlation With Market
Significant diversification
The correlation between HCM Acquisition Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCM Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
HCM |
Moving together with HCM Stock
| 0.77 | SSNLF | Samsung Electronics | PairCorr |
| 0.78 | PTAIF | PT Astra International | PairCorr |
| 0.74 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.61 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.67 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.79 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.61 | WMT | Walmart Aggressive Push | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.63 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against HCM Stock
| 0.67 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.64 | BKRKY | Bank Rakyat | PairCorr |
| 0.59 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.56 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.55 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.52 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.42 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between HCM Stock performing well and HCM 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 HCM 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FZT | 0.19 | 0.02 | (0.24) | 0.44 | 0.09 | 0.48 | 3.00 | |||
| JGGC | 0.25 | 0.01 | (0.08) | 0.39 | 0.73 | 0.29 | 9.72 | |||
| ITAQ | 0.18 | 0.02 | (0.24) | (0.60) | 0.11 | 0.67 | 2.30 | |||
| HCNE | 0.06 | 0.00 | (0.97) | 0.30 | 0.00 | 0.10 | 0.39 | |||
| HPLT | 0.09 | 0.03 | 0.00 | (2.68) | 0.00 | 0.30 | 1.09 |
HCM Acquisition 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 HCM Acquisition stock to make a market-neutral strategy. Peer analysis of HCM Acquisition could also be used in its relative valuation, which is a method of valuing HCM Acquisition by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in HCM Acquisition Corp?
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.