Noble Rock Correlations
| NRACDelisted Stock | USD 10.62 0.03 0.28% |
The current 90-days correlation between Noble Rock Acquisition and Embrace Change Acquisition is -0.03 (i.e., Good diversification). The correlation of Noble Rock 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.
Noble Rock Correlation With Market
Average diversification
The correlation between Noble Rock Acquisition and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Noble Rock Acquisition and DJI in the same portfolio, assuming nothing else is changed.
Noble |
Moving together with Noble Stock
| 0.68 | PTAIF | PT Astra International | PairCorr |
| 0.77 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.79 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.88 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.91 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.81 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.89 | WMT | Walmart Aggressive Push | PairCorr |
| 0.64 | HPQ | HP Inc | PairCorr |
| 0.8 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.74 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
Moving against Noble Stock
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.82 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.82 | BKRKY | Bank Rakyat | PairCorr |
| 0.81 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.8 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.77 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.74 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.63 | PBCRY | Bank Central Asia | PairCorr |
| 0.56 | PBCRF | PT Bank Central | PairCorr |
Related Correlations Analysis
| 0.53 | 0.47 | 0.41 | 0.18 | TENK | ||
| 0.53 | 0.72 | 0.44 | 0.47 | EMCG | ||
| 0.47 | 0.72 | 0.33 | 0.55 | HPLT | ||
| 0.41 | 0.44 | 0.33 | 0.35 | BNIX | ||
| 0.18 | 0.47 | 0.55 | 0.35 | GBBK | ||
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Risk-Adjusted Indicators
There is a big difference between Noble Stock performing well and Noble Rock 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 Noble Rock'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TENK | 6.34 | 2.09 | 0.05 | (0.95) | 11.83 | 5.56 | 192.93 | |||
| EMCG | 0.13 | 0.01 | (0.25) | (0.50) | 0.12 | 0.35 | 1.12 | |||
| HPLT | 0.09 | 0.03 | 0.00 | (2.03) | 0.00 | 0.30 | 1.09 | |||
| BNIX | 0.10 | (0.01) | (0.28) | (0.07) | 0.15 | 0.27 | 1.79 | |||
| GBBK | 0.13 | (0.01) | (0.20) | (0.05) | 0.19 | 0.54 | 1.45 |
Noble Rock 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 Noble Rock stock to make a market-neutral strategy. Peer analysis of Noble Rock could also be used in its relative valuation, which is a method of valuing Noble Rock by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Noble Rock 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.