IX Acquisition Correlations

IXAQ Stock

USD 11.55 0.05 0.43%

The current 90-days correlation between IX Acquisition Corp and Concord Acquisition Corp is -0.06 (i.e., Good diversification). The correlation of IX 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.

IX Acquisition Correlation With Market

Good diversification

The correlation between IX Acquisition Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IX 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 IX 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 IXAQ Stock

0.65	CG	Carlyle Group	Pair Corr
0.68	BAM	Brookfield Asset Man	Pair Corr
0.64	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.63	OWL	Blue Owl Capital	Pair Corr
0.71	AB	AllianceBernstein	Pair Corr
0.63	AC	Associated Capital	Pair Corr
0.65	LX	Lexinfintech Holdings Trending	Pair Corr
0.62	MA	Mastercard	Pair Corr

Moving against IXAQ Stock

0.53	EG	Everest Group	Pair Corr
0.72	IX	Orix Corp Ads	Pair Corr
0.67	RM	Regional Management Corp	Pair Corr
0.65	WU	Western Union	Pair Corr
0.61	HG	Hamilton Insurance Group,	Pair Corr
0.56	TD	Toronto Dominion Bank Earnings Call Next Week	Pair Corr
0.55	WF	Woori Financial Group	Pair Corr
0.5	PT	Pintec Technology	Pair Corr
0.34	XP	Xp Inc	Pair Corr

Related Correlations Analysis

	KYCHU	THCPU	CNDB	WTMAU	PNAC	DMAQ	ACAC	BRKH
KYCHU		0.21	-0.07	0.0	-0.15	-0.04	-0.23	-0.06	KYCHU
THCPU	0.21		0.08	0.0	0.33	0.66	0.44	0.49	THCPU
CNDB	-0.07	0.08		0.0	-0.2	0.27	0.03	-0.14	CNDB
WTMAU	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WTMAU
PNAC	-0.15	0.33	-0.2	0.0		0.47	0.32	0.75	PNAC
DMAQ	-0.04	0.66	0.27	0.0	0.47		0.42	0.72	DMAQ
ACAC	-0.23	0.44	0.03	0.0	0.32	0.42		0.41	ACAC
BRKH	-0.06	0.49	-0.14	0.0	0.75	0.72	0.41		BRKH
	KYCHU	THCPU	CNDB	WTMAU	PNAC	DMAQ	ACAC	BRKH

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

BRKH	+ 0.75	PNAC
BRKH	+ 0.72	DMAQ
DMAQ	+ 0.66	THCPU
BRKH	+ 0.49	THCPU
DMAQ	+ 0.47	PNAC
ACAC	+ 0.44	THCPU

High negative correlations

ACAC	- 0.23	KYCHU
PNAC	- 0.2	CNDB
PNAC	- 0.15	KYCHU
BRKH	- 0.14	CNDB
CNDB	- 0.07	KYCHU
BRKH	- 0.06	KYCHU

Risk-Adjusted Indicators

There is a big difference between IXAQ Stock performing well and IX 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 IX 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
KYCHU	0.63	0.09	0.01	0.30	0.65	(2.46)	1.65	(1.04)	7.42
THCPU	0.20	0.11	0.00	(0.62)	0.00	0.00	0.00	0.00	6.57
CNDB	0.03	(0.01)	0.00	0.81	0.00	0.00	0.10	(0.10)	0.38
WTMAU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PNAC	0.13	0.01	(0.37)	(0.45)	0.11	(0.22)	0.28	(0.28)	1.90
DMAQ	0.95	0.17	0.01	(0.56)	1.14	(1.80)	3.19	(1.79)	13.78
ACAC	2.20	0.12	(0.01)	(0.08)	3.84	(3.68)	12.07	(10.16)	30.82
BRKH	0.11	0.03	(0.44)	(0.40)	0.00	(0.22)	0.44	(0.26)	0.88

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC