Jupiter Wellness Correlations

Delisted . USA . 
Stock . Jupiter Wellness Acquisition
JWACDelisted Stock  USD 5.65  0.00  0.00%   
The current 90-days correlation between Jupiter Wellness Acq and Roth CH Acquisition is 0.17 (i.e., Average diversification). The correlation of Jupiter Wellness 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.

Jupiter Wellness Correlation With Market

Good diversification

The correlation between Jupiter Wellness Acquisition and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jupiter Wellness 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 nation.

Moving against Jupiter Stock

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Related Correlations Analysis

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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   
MTVC
+ 0.86
MEOA
MTVC
+ 0.82
MEOAU
MEOAU
+ 0.81
MEOA
KVSA
+ 0.8
MTVC
KVSA
+ 0.74
MEOA
MEOAU
+ 0.7
CREC
  
High negative correlations   
FATPW
- 0.39
FATP
FATPW
- 0.36
KVSA
FATPW
- 0.33
MEOA
FATPW
- 0.32
GGAA
FATPW
- 0.31
FGMC
FATPW
- 0.26
MTVC

Risk-Adjusted Indicators

There is a big difference between Jupiter Stock performing well and Jupiter Wellness 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 Jupiter Wellness' 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CREC  1.23  0.08  0.02 (0.65) 1.97 
(1.59)
 3.77 
(3.11)
 14.89 
FATP  0.34 (0.03) 0.00 (0.26) 0.00 
 0.00 
 0.83 
(0.92)
 2.71 
ROCG  0.36 (0.07) 0.00 (0.44) 0.00 
 0.00 
 0.48 
(1.15)
 8.48 
MEOA  4.18  2.16  0.00 (2.16) 0.00 
 0.00 
 0.81 
(0.18)
 140.18 
GGAA  3.49  1.43  0.45 (5.43) 1.91 
(5.67)
 7.08 
(3.29)
 81.26 
MEOAU  5.77  2.87  0.00  2.33  0.00 
 0.00 
 0.00 
 0.00 
 193.45 
FGMC  0.29  0.02  0.00 (0.34) 0.75 
(0.46)
 0.47 
(0.38)
 5.85 
MTVC  0.08  0.01 (0.08)(0.68) 0.00 
(0.13)
 0.29 
(0.10)
 0.58 
KVSA  0.25  0.06  0.09 (2.69) 0.07 
(0.41)
 0.67 
(0.49)
 2.91 
FATPW  11.64  1.23  0.09 (0.53) 11.28 
(16.52)
 27.50 
(20.67)
 67.42 

Jupiter Wellness 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 Jupiter Wellness stock to make a market-neutral strategy. Peer analysis of Jupiter Wellness could also be used in its relative valuation, which is a method of valuing Jupiter Wellness by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Jupiter Wellness Acquisition?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
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