Kairous Acquisition Correlations
| KACLU Stock | USD 12.21 0.00 0.00% |
The current 90-days correlation between Kairous Acquisition Corp and Acco Brands is -0.02 (i.e., Good diversification). The correlation of Kairous 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.
Kairous Acquisition Correlation With Market
Significant diversification
The correlation between Kairous Acquisition Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kairous Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Kairous |
Moving against Kairous Stock
| 0.5 | LC | LendingClub Corp | PairCorr |
| 0.39 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.38 | MS | Morgan Stanley Sell-off Trend | PairCorr |
| 0.33 | V | Visa Class A | PairCorr |
| 0.31 | DIST | Distoken Acquisition | PairCorr |
| 0.31 | AB | AllianceBernstein | PairCorr |
| 0.54 | VINP | Vinci Partners Inves | PairCorr |
| 0.39 | DUET | DUET Acquisition Corp | PairCorr |
| 0.34 | WT | WisdomTree | PairCorr |
| 0.61 | TETEU | Technology Telecommunicatio | PairCorr |
| 0.54 | EMCG | Embrace Change Acqui | PairCorr |
| 0.44 | PFTAU | Portage Fintech Acqu | PairCorr |
| 0.39 | VRTS | Virtus Investment | PairCorr |
Related Correlations Analysis
| -0.07 | 0.0 | -0.59 | 0.0 | 0.63 | 0.51 | ACCO | ||
| -0.07 | 0.0 | 0.47 | 0.0 | -0.17 | -0.14 | PSTL | ||
| 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | TOWTF | ||
| -0.59 | 0.47 | 0.0 | 0.0 | -0.44 | -0.39 | FEMY | ||
| 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | 0.0 | SEVT | ||
| 0.63 | -0.17 | 0.0 | -0.44 | 0.0 | 0.67 | ZEUS | ||
| 0.51 | -0.14 | 0.0 | -0.39 | 0.0 | 0.67 | VIRC | ||
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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 Kairous Stock performing well and Kairous 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 Kairous 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACCO | 1.66 | (0.01) | 0.04 | 0.12 | 1.66 | 4.55 | 10.48 | |||
| PSTL | 0.79 | (0.05) | (0.13) | 0.00 | 0.92 | 1.76 | 5.81 | |||
| TOWTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FEMY | 3.04 | (0.04) | 0.00 | 0.09 | 3.46 | 6.56 | 22.44 | |||
| SEVT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZEUS | 2.11 | (0.16) | 0.00 | 0.05 | 2.48 | 4.04 | 14.90 | |||
| VIRC | 2.60 | (0.36) | 0.00 | (0.06) | 0.00 | 4.64 | 17.12 |