Jaws Juggernaut Correlations
| JUGGUDelisted Stock | USD 10.32 0.00 0.00% |
The current 90-days correlation between Jaws Juggernaut Acqu and Jaws Hurricane Acquisition is -0.06 (i.e., Good diversification). The correlation of Jaws Juggernaut 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.
Jaws Juggernaut Correlation With Market
Good diversification
The correlation between Jaws Juggernaut Acquisition 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 Jaws Juggernaut Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Jaws |
Moving together with Jaws Stock
| 0.71 | SSNLF | Samsung Electronics | PairCorr |
| 0.69 | PTAIF | PT Astra International | PairCorr |
| 0.64 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.67 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.61 | HPQ | HP Inc | PairCorr |
Moving against Jaws Stock
| 0.66 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.6 | BKRKY | Bank Rakyat | PairCorr |
| 0.57 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.54 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.49 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.44 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.35 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| -0.05 | -0.28 | 0.4 | -0.17 | HCNEU | ||
| -0.05 | -0.1 | -0.04 | 0.49 | ZTAQU | ||
| -0.28 | -0.1 | -0.26 | -0.16 | FICVU | ||
| 0.4 | -0.04 | -0.26 | -0.17 | LITTU | ||
| -0.17 | 0.49 | -0.16 | -0.17 | DNAB | ||
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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 Jaws Stock performing well and Jaws Juggernaut 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 Jaws Juggernaut'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCNEU | 0.42 | (0.01) | (0.06) | 0.04 | 0.81 | 1.56 | 8.19 | |||
| ZTAQU | 0.39 | 0.01 | (0.06) | 0.27 | 0.87 | 0.89 | 8.84 | |||
| FICVU | 0.21 | 0.00 | (0.05) | 0.13 | 0.67 | 0.29 | 9.40 | |||
| LITTU | 0.16 | (0.06) | 0.00 | 24.31 | 0.00 | 0.29 | 4.24 | |||
| DNAB | 0.06 | 0.01 | (0.86) | (0.56) | 0.00 | 0.10 | 0.49 |
Jaws Juggernaut Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Jaws Juggernaut stock to make a market-neutral strategy. Peer analysis of Jaws Juggernaut could also be used in its relative valuation, which is a method of valuing Jaws Juggernaut by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Jaws Juggernaut Acquisition?
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