Melar Acquisition Correlations

Stocks . USA . 
Stock . Melar Acquisition Corp
MACI Stock   10.04  0.02  0.20%   
The current 90-days correlation between Melar Acquisition Corp and Allient is -0.02 (i.e., Good diversification). The correlation of Melar 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.

Melar Acquisition Correlation With Market

Good diversification

The correlation between Melar Acquisition Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Melar 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, which includes a position in Melar 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 main economic indicators.

Moving together with Melar Stock

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  0.73DIST Distoken AcquisitionPairCorr
  0.66BN Brookfield CorpPairCorr
  0.73BX Blackstone Group Fiscal Year End 23rd of January 2025 PairCorr
  0.67CG Carlyle GroupPairCorr
  0.68GS Goldman Sachs Group Fiscal Year End 21st of January 2025 PairCorr
  0.71LC LendingClub CorpPairCorr
  0.66LX Lexinfintech Holdings TrendingPairCorr
  0.64MA MastercardPairCorr
  0.71MS Morgan Stanley Fiscal Year End 21st of January 2025 PairCorr
  0.73PX P10 IncPairCorr
  0.74QD Qudian IncPairCorr
  0.74SF Stifel Financial Fiscal Year End 22nd of January 2025 PairCorr
  0.71WT WisdomTreePairCorr
  0.74VCTR Victory Capital HoldingsPairCorr
  0.63VIRT Virtu Financial Fiscal Year End 23rd of January 2025 PairCorr

Moving against Melar Stock

  0.48RC Ready Capital CorpPairCorr
  0.36PT Pintec TechnologyPairCorr
  0.73WU Western Union Sell-off TrendPairCorr
  0.72XP Xp IncPairCorr
  0.55RM Regional Management CorpPairCorr
  0.54BRACU Broad Capital AcquisitionPairCorr
  0.46PWUPW PowerUp Acquisition CorpPairCorr
  0.31TETEW Technology TelecommunicatioPairCorr

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   
RDCM
+ 0.77
ZM
CSIOY
+ 0.73
ARW
ZM
+ 0.72
ALNT
RDCM
+ 0.62
ALNT
PSFE
+ 0.51
ARW
PSFE
+ 0.46
CSIOY
  
High negative correlations   
CSIOY
- 0.82
ZM
ARW
- 0.71
ZM
ARW
- 0.7
ALNT
PSFE
- 0.63
RDCM
CSIOY
- 0.61
RDCM
PSFE
- 0.54
ALNT

Risk-Adjusted Indicators

There is a big difference between Melar Stock performing well and Melar 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 Melar 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.

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