Malacca Straits Correlations
| MLACUDelisted Stock | USD 10.60 0.00 0.00% |
The current 90-days correlation between Malacca Straits Acq and Better World Acquisition is 0.02 (i.e., Significant diversification). The correlation of Malacca Straits 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.
Malacca Straits Correlation With Market
Good diversification
The correlation between Malacca Straits Acq 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 Malacca Straits Acq and DJI in the same portfolio, assuming nothing else is changed.
Malacca |
Moving together with Malacca Stock
| 0.63 | PTAIF | PT Astra International | PairCorr |
| 0.64 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.72 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.74 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.73 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.74 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.69 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against Malacca Stock
| 0.72 | PKX | POSCO Holdings | PairCorr |
| 0.68 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.68 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.6 | EC | Ecopetrol SA ADR | PairCorr |
| 0.46 | PTAIY | Astra International Tbk | PairCorr |
| 0.33 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.24 | 0.3 | -0.02 | 0.34 | ERESU | ||
| 0.24 | 0.53 | -0.14 | 0.2 | GRCYU | ||
| 0.3 | 0.53 | -0.29 | 0.46 | MLAC | ||
| -0.02 | -0.14 | -0.29 | -0.74 | BWACU | ||
| 0.34 | 0.2 | 0.46 | -0.74 | BRLIU | ||
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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 Malacca Stock performing well and Malacca Straits 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 Malacca Straits' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ERESU | 1.28 | 0.08 | (0.02) | 0.01 | 2.66 | 4.53 | 21.50 | |||
| GRCYU | 0.15 | (0.01) | 0.00 | (0.12) | 0.00 | 0.00 | 3.42 | |||
| MLAC | 0.22 | 0.00 | (0.18) | 0.07 | 0.30 | 0.76 | 2.09 | |||
| BWACU | 0.49 | (0.10) | 0.00 | 0.39 | 0.00 | 0.55 | 12.54 | |||
| BRLIU | 0.24 | 0.12 | 0.00 | (1.47) | 0.00 | 0.00 | 5.51 |
Malacca Straits 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 Malacca Straits stock to make a market-neutral strategy. Peer analysis of Malacca Straits could also be used in its relative valuation, which is a method of valuing Malacca Straits by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Malacca Straits Acq?
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