Inception Growth Correlations
| IGTAU Stock | USD 11.60 0.19 1.67% |
The current 90-days correlation between Inception Growth Acq and Harmony Gold Mining is -0.1 (i.e., Good diversification). The correlation of Inception Growth 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.
Inception Growth Correlation With Market
Good diversification
The correlation between Inception Growth Acquisition and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inception Growth Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Inception |
Moving against Inception Stock
| 0.68 | LU | Lufax Holding | PairCorr |
| 0.56 | DB | Deutsche Bank AG | PairCorr |
| 0.52 | LX | Lexinfintech Holdings | PairCorr |
| 0.37 | AC | Associated Capital | PairCorr |
| 0.35 | BN | Brookfield Corp | PairCorr |
| 0.34 | MA | Mastercard | PairCorr |
| 0.48 | PWUPU | PowerUp Acquisition Corp | PairCorr |
| 0.47 | WD | Walker Dunlop | PairCorr |
| 0.45 | TW | Tradeweb Markets Normal Trading | PairCorr |
| 0.36 | QD | Qudian Inc | PairCorr |
| 0.33 | VMCA | Valuence Merger Corp | PairCorr |
| 0.69 | LGHLW | Lion Financial Group | PairCorr |
| 0.33 | ROCLU | Roth CH Acquisition | PairCorr |
Related Correlations Analysis
| 0.11 | 0.41 | -0.19 | -0.08 | -0.17 | 0.0 | HGMCF | ||
| 0.11 | 0.59 | 0.06 | 0.06 | 0.11 | 0.0 | TME | ||
| 0.41 | 0.59 | -0.33 | 0.49 | -0.39 | 0.0 | UEC | ||
| -0.19 | 0.06 | -0.33 | -0.45 | 0.69 | 0.0 | NB | ||
| -0.08 | 0.06 | 0.49 | -0.45 | -0.56 | 0.0 | BKH | ||
| -0.17 | 0.11 | -0.39 | 0.69 | -0.56 | 0.0 | UMGNF | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CHMN | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Inception Stock performing well and Inception Growth 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 Inception Growth'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HGMCF | 0.83 | (0.08) | 0.00 | (1.18) | 0.00 | 0.57 | 38.00 | |||
| TME | 2.39 | 0.12 | 0.04 | 0.27 | 2.38 | 5.81 | 21.86 | |||
| UEC | 3.46 | 0.69 | 0.22 | 0.42 | 3.09 | 11.59 | 22.80 | |||
| NB | 3.49 | (0.62) | 0.00 | (0.74) | 0.00 | 5.33 | 28.43 | |||
| BKH | 0.88 | 0.09 | 0.07 | 0.25 | 0.62 | 2.11 | 4.11 | |||
| UMGNF | 1.65 | (0.16) | 0.00 | (0.12) | 0.00 | 3.02 | 9.41 | |||
| CHMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |