IB Acquisition Correlations

IBACR Stock

0.06 0 7.04%

The current 90-days correlation between IB Acquisition Corp and flyExclusive, is 0.05 (i.e., Significant diversification). The correlation of IB 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. If the correlation is 0, the equities are not correlated; they are entirely random.

IB Acquisition Correlation With Market

Good diversification

The correlation between IB Acquisition Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IB 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 IB 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 main economic indicators.

Moving against IBACR Stock

0.39	DSAQ	Direct Selling Acqui	Pair Corr
0.38	DYCQ	DT Cloud Acquisition	Pair Corr
0.35	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.33	DMYY	dMY Squared Technology	Pair Corr
0.31	DTSQ	DT Cloud Star	Pair Corr
0.47	WINV	WinVest Acquisition Corp	Pair Corr
0.46	BSIIU	Black Spade Acquisition	Pair Corr
0.43	ANSCW	Agriculture Natural	Pair Corr
0.39	OCAXW	OCA Acquisition Corp	Pair Corr
0.37	EURK	Eureka Acquisition Corp	Pair Corr
0.36	EVGR	Evergreen Corp	Pair Corr
0.35	ANSCU	Agriculture Natural	Pair Corr
0.35	FRLAU	Fortune Rise Acquisition	Pair Corr

Related Correlations Analysis

	FLYX	ELTTF	VSH	TSMWF	MRAM	PAL	WRN	NDCVF
FLYX		0.0	-0.24	0.76	0.37	0.17	-0.51	0.43	FLYX
ELTTF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ELTTF
VSH	-0.24	0.0		-0.19	0.29	-0.04	-0.16	-0.03	VSH
TSMWF	0.76	0.0	-0.19		0.48	-0.1	-0.7	0.17	TSMWF
MRAM	0.37	0.0	0.29	0.48		-0.14	-0.53	0.3	MRAM
PAL	0.17	0.0	-0.04	-0.1	-0.14		0.06	0.08	PAL
WRN	-0.51	0.0	-0.16	-0.7	-0.53	0.06		-0.21	WRN
NDCVF	0.43	0.0	-0.03	0.17	0.3	0.08	-0.21		NDCVF
	FLYX	ELTTF	VSH	TSMWF	MRAM	PAL	WRN	NDCVF

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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

TSMWF	+ 0.76	FLYX
MRAM	+ 0.48	TSMWF
NDCVF	+ 0.43	FLYX
MRAM	+ 0.37	FLYX
NDCVF	+ 0.3	MRAM
MRAM	+ 0.29	VSH

High negative correlations

WRN	- 0.7	TSMWF
WRN	- 0.53	MRAM
WRN	- 0.51	FLYX
VSH	- 0.24	FLYX
NDCVF	- 0.21	WRN
TSMWF	- 0.19	VSH

Risk-Adjusted Indicators

There is a big difference between IBACR Stock performing well and IB 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 IB 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
FLYX	2.93	0.70	0.15	(0.61)	2.83	(3.52)	6.85	(5.71)	22.28
ELTTF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VSH	1.77	(0.12)	0.00	(0.12)	0.00	0.00	4.85	(3.66)	11.42
TSMWF	0.90	0.47	0.00	(1.91)	0.00	0.00	0.00	0.00	30.21
MRAM	1.99	0.01	(0.01)	0.11	2.70	(2.07)	4.75	(3.56)	15.20
PAL	2.43	0.21	0.06	0.43	3.04	(2.57)	4.98	(4.62)	16.71
WRN	2.08	(0.13)	0.00	0.42	0.00	0.00	4.63	(5.26)	20.61
NDCVF	1.56	0.11	0.00	(1.25)	2.05	(3.32)	5.76	(5.44)	16.85

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