Knightswan Acquisition Correlations

KNSWDelisted Stock  USD 10.38  0.01  0.1%   
The current 90-days correlation between Knightswan Acquisition and Jupiter Wellness Acquisition is -0.11 (i.e., Good diversification). The correlation of Knightswan 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.

Knightswan Acquisition Correlation With Market

Average diversification

The correlation between Knightswan Acquisition Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Knightswan Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation 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 state.

Moving together with Knightswan Stock

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Moving against Knightswan Stock

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  0.38VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr
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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   
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FGMCROCGW
GGAAFGMC
FATPROCGW
JWACPWUPW
FGMCFATP
  
High negative correlations   
JWACROCGW
FGMCJWAC
GGAASGHLW
SGHLWROCGW
GGAAJWAC
FATPSGHLW

Risk-Adjusted Indicators

There is a big difference between Knightswan Stock performing well and Knightswan 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 Knightswan 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ROCGW  5.35  1.11  0.17  1.03  4.48 
 19.05 
 44.44 
MNTN-UN  0.41 (0.02) 0.00 (0.22) 0.00 
 0.00 
 16.03 
PWUPW  17.76  2.21  0.12  0.88  15.60 
 44.20 
 176.45 
SGHLW  44.70  11.11  0.34  1.01  30.47 
 138.10 
 383.01 
CREC  1.23  0.11 (0.01)(0.26) 1.97 
 3.77 
 14.89 
FATP  0.34 (0.02) 0.00  0.47  0.00 
 0.83 
 2.71 
JWAC  6.92  0.11  0.00 (0.17) 13.27 
 29.88 
 94.90 
FGMC  0.29  0.03 (0.07)(0.16) 0.75 
 0.47 
 5.85 
GGAA  3.49  1.65  0.42 (0.73) 1.91 
 7.08 
 81.26 

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

Still Interested in Knightswan Acquisition Corp?

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.