Haymaker Acquisition Correlations

HYAC Stock

USD 10.82 0.01 0.09%

The current 90-days correlation between Haymaker Acquisition Corp and Aquestive Therapeutics is 0.19 (i.e., Average diversification). The correlation of Haymaker 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.

Haymaker Acquisition Correlation With Market

Good diversification

The correlation between Haymaker 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 Haymaker Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haymaker 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 Haymaker Stock

0.81	V	Visa Class A	Pair Corr
0.72	DB	Deutsche Bank AG	Pair Corr
0.82	DX	Dynex Capital	Pair Corr
0.66	GS	Goldman Sachs Group	Pair Corr
0.89	LX	Lexinfintech Holdings Trending	Pair Corr
0.69	PX	P10 Inc	Pair Corr
0.66	QD	Qudian Inc	Pair Corr
0.86	RM	Regional Management Corp Earnings Call This Week	Pair Corr
0.76	DMYY	dMY Squared Technology	Pair Corr
0.8	GCMGW	GCM Grosvenor	Pair Corr
0.74	VIRT	Virtu Financial	Pair Corr
0.91	DYCQ	DT Cloud Acquisition	Pair Corr
0.76	VMCA	Valuence Merger Corp	Pair Corr

Moving against Haymaker Stock

0.53	DHIL	Diamond Hill Investment	Pair Corr
0.34	AC	Associated Capital Earnings Call This Week	Pair Corr
0.84	XP	Xp Inc Normal Trading	Pair Corr
0.82	WD	Walker Dunlop	Pair Corr
0.54	VINP	Vinci Partners Inves	Pair Corr
0.49	TETEU	Technology Telecommunicatio	Pair Corr
0.47	WU	Western Union Earnings Call This Week	Pair Corr
0.47	VRTS	Virtus Investment Earnings Call Today	Pair Corr
0.44	WT	WisdomTree Earnings Call Today	Pair Corr

Related Correlations Analysis

	ALVO	HCM	TOMDF	XTNT	AQST	WB	JYNT	CAH
ALVO		-0.22	0.0	0.76	-0.25	-0.21	-0.56	0.0	ALVO
HCM	-0.22		0.0	0.03	0.92	-0.41	0.54	-0.61	HCM
TOMDF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TOMDF
XTNT	0.76	0.03	0.0		0.02	-0.34	-0.03	0.13	XTNT
AQST	-0.25	0.92	0.0	0.02		-0.45	0.55	-0.6	AQST
WB	-0.21	-0.41	0.0	-0.34	-0.45		-0.14	0.04	WB
JYNT	-0.56	0.54	0.0	-0.03	0.55	-0.14		0.07	JYNT
CAH	0.0	-0.61	0.0	0.13	-0.6	0.04	0.07		CAH
	ALVO	HCM	TOMDF	XTNT	AQST	WB	JYNT	CAH

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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

AQST	+ 0.92	HCM
XTNT	+ 0.76	ALVO
JYNT	+ 0.55	AQST
JYNT	+ 0.54	HCM
CAH	+ 0.13	XTNT
CAH	+ 0.07	JYNT

High negative correlations

CAH	- 0.61	HCM
CAH	- 0.6	AQST
JYNT	- 0.56	ALVO
WB	- 0.45	AQST
WB	- 0.41	HCM
WB	- 0.34	XTNT

Risk-Adjusted Indicators

There is a big difference between Haymaker Stock performing well and Haymaker 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 Haymaker 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
ALVO	1.17	(0.07)	0.00	0.80	0.00	0.00	2.76	(2.45)	7.57
HCM	2.20	(0.60)	0.00	(1.75)	0.00	0.00	5.47	(5.01)	15.25
TOMDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XTNT	2.86	0.03	0.00	0.14	3.30	(5.66)	7.50	(5.41)	20.61
AQST	3.06	(0.78)	0.00	3.82	0.00	0.00	6.23	(7.57)	17.61
WB	2.10	0.11	0.03	0.29	2.25	(2.33)	4.62	(3.33)	11.94
JYNT	1.83	(0.01)	(0.03)	0.06	2.07	(2.19)	5.29	(3.01)	14.95
CAH	1.10	0.18	0.08	0.67	1.27	(1.11)	2.28	(2.29)	10.65

Haymaker Acquisition Corporate Executives

Elected by the shareholders, the Haymaker Acquisition's board of directors comprises two types of representatives: Haymaker Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Haymaker. The board's role is to monitor Haymaker Acquisition's management team and ensure that shareholders' interests are well served. Haymaker Acquisition'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, Haymaker Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.

Christopher Bradley

CFO Secretary

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