PepperLime Health Correlations
| PEPLUDelisted Stock | USD 10.51 0.00 0.00% |
The current 90-days correlation between PepperLime Health and Compass Digital Acquisition is 0.08 (i.e., Significant diversification). The correlation of PepperLime Health 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.
PepperLime Health Correlation With Market
Modest diversification
The correlation between PepperLime Health Acquisition and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PepperLime Health Acquisition and DJI in the same portfolio, assuming nothing else is changed.
PepperLime |
Related Correlations Analysis
| -0.06 | -0.22 | -0.09 | 0.05 | CDAQU | ||
| -0.06 | -0.08 | 0.61 | -0.03 | ENTFU | ||
| -0.22 | -0.08 | 0.16 | -0.03 | PBAXU | ||
| -0.09 | 0.61 | 0.16 | 0.02 | SMAPU | ||
| 0.05 | -0.03 | -0.03 | 0.02 | AVHIU | ||
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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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Risk-Adjusted Indicators
There is a big difference between PepperLime Stock performing well and PepperLime Health 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 PepperLime Health'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CDAQU | 0.30 | 0.00 | 0.00 | 0.15 | 0.00 | 0.37 | 8.90 | |||
| ENTFU | 0.29 | 0.04 | (0.05) | (0.40) | 0.48 | 0.86 | 7.14 | |||
| PBAXU | 0.63 | 0.11 | 0.00 | 19.31 | 0.00 | 0.65 | 21.82 | |||
| SMAPU | 0.17 | 0.02 | 0.00 | 0.87 | 0.00 | 0.10 | 6.00 | |||
| AVHIU | 0.38 | 0.04 | 0.00 | (0.34) | 0.00 | 0.48 | 10.85 |
PepperLime Health 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 PepperLime Health stock to make a market-neutral strategy. Peer analysis of PepperLime Health could also be used in its relative valuation, which is a method of valuing PepperLime Health by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in PepperLime Health Acquisition?
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