Iconic Sports Correlations

Summary

ICNCDelisted Stock

USD 10.73 0.00 0.00%

The current 90-days correlation between Iconic Sports Acquisition and Magnum Opus Acquisition is 0.03 (i.e., Significant diversification). The correlation of Iconic Sports 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.

Iconic Sports Correlation With Market

Modest diversification

The correlation between Iconic Sports Acquisition and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Iconic Sports Acquisition 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Iconic Stock

0.93	WMT	Walmart Aggressive Push	Pair Corr
0.76	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.88	DIS	Walt Disney	Pair Corr
0.81	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.63	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.89	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.81	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Moving against Iconic Stock

0.91	QLGN	Qualigen Therapeutics Trending	Pair Corr
0.91	KO	Coca Cola Aggressive Push	Pair Corr
0.84	SGD	Safe and Green	Pair Corr
0.82	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.75	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.65	MULN	Mullen Automotive	Pair Corr
0.39	PG	Procter Gamble	Pair Corr
0.35	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	OPA	GENQ	DTOC	ITAQ	CPAA	LGVC	CSLM	BMAC	EOCW	CNDA
OPA		0.13	0.65	0.55	0.83	0.01	0.05	0.81	0.85	-0.2	OPA
GENQ	0.13		0.05	0.02	0.27	0.0	-0.16	0.31	0.24	0.03	GENQ
DTOC	0.65	0.05		0.68	0.79	0.26	0.04	0.7	0.71	-0.04	DTOC
ITAQ	0.55	0.02	0.68		0.66	0.12	0.06	0.53	0.62	0.03	ITAQ
CPAA	0.83	0.27	0.79	0.66		0.07	0.08	0.93	0.93	-0.23	CPAA
LGVC	0.01	0.0	0.26	0.12	0.07		-0.22	0.04	0.04	0.08	LGVC
CSLM	0.05	-0.16	0.04	0.06	0.08	-0.22		0.09	0.14	-0.17	CSLM
BMAC	0.81	0.31	0.7	0.53	0.93	0.04	0.09		0.94	-0.19	BMAC
EOCW	0.85	0.24	0.71	0.62	0.93	0.04	0.14	0.94		-0.25	EOCW
CNDA	-0.2	0.03	-0.04	0.03	-0.23	0.08	-0.17	-0.19	-0.25		CNDA
	OPA	GENQ	DTOC	ITAQ	CPAA	LGVC	CSLM	BMAC	EOCW	CNDA

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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

EOCW	+ 0.94	BMAC
BMAC	+ 0.93	CPAA
EOCW	+ 0.93	CPAA
EOCW	+ 0.85	OPA
CPAA	+ 0.83	OPA
BMAC	+ 0.81	OPA

High negative correlations

CNDA	- 0.25	EOCW
CNDA	- 0.23	CPAA
CSLM	- 0.22	LGVC
CNDA	- 0.2	OPA
CNDA	- 0.19	BMAC
CNDA	- 0.17	CSLM

Risk-Adjusted Indicators

There is a big difference between Iconic Stock performing well and Iconic Sports 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 Iconic Sports' 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
OPA	0.23	0.03	(0.13)	1.49	0.36	(0.40)	0.58	(0.29)	4.86
GENQ	0.23	(0.04)	0.00	0.54	0.00	0.00	0.28	(0.83)	2.46
DTOC	0.14	0.03	(0.19)	2.93	0.00	(0.40)	0.58	(0.20)	1.65
ITAQ	0.18	0.03	(0.25)	(0.24)	0.11	(0.46)	0.67	(0.47)	2.30
CPAA	0.07	0.01	(0.88)	(3.19)	0.00	(0.12)	0.20	(0.10)	0.30
LGVC	0.37	0.01	(0.09)	(0.11)	0.73	(0.68)	0.67	(0.66)	9.80
CSLM	0.10	0.00	0.00	(0.01)	0.00	0.00	0.35	(0.27)	1.84
BMAC	0.14	0.01	(0.23)	0.72	0.13	(0.25)	0.47	(0.38)	2.07
EOCW	0.07	0.01	(0.57)	(1.10)	0.00	(0.13)	0.19	(0.10)	0.68
CNDA	0.19	(0.03)	0.00	0.62	0.00	0.00	0.29	(0.38)	5.54

View Iconic Sports Related Equities

Magnum Opus Acquisition Genesis Unicorn Capital Digital Transformation Opportunities Industrial Tech Acquisitions Conyers Park III LAMF Global Ventures Consilium Acquisition I Black Mountain Acquisition Elliott Opportunity II Concord Acquisition Corp Hawks Acquisition Corp Arogo Capital Acquisition Da32 Life Science Concord Acquisition Corp SilverBox Corp III

Risk & Return

Correlation

Iconic Sports Corporate Management

Tommy Aylmer	Ex VP	Profile
Fausto Zanetton	CoCEO CFO	Profile
Gianluca Vialli	CoChief Officer	Profile
Timothy Williams	Ex VP	Profile
Marco Re	Ex VP	Profile

Still Interested in Iconic Sports Acquisition?

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