Patria Latin Correlations

PLAODelisted Stock

USD 11.63 0.00 0.00%

The current 90-days correlation between Patria Latin American and Capitalworks Emerging Markets is -0.16 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Patria Latin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Patria Latin American moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Patria Latin Correlation With Market

Very good diversification

The correlation between Patria Latin American and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Patria Latin American and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Patria Latin American. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Patria Stock

0.71	DIST	Distoken Acquisition	Pair Corr
0.86	DSAQ	Direct Selling Acqui	Pair Corr
0.75	DYCQ	DT Cloud Acquisition	Pair Corr
0.84	NOVVU	Nova Vision Acquisition	Pair Corr
0.69	WAVS	Western Acquisition	Pair Corr
0.74	ESHA	ESH Acquisition Corp	Pair Corr
0.84	EVGR	Evergreen Corp	Pair Corr
0.62	DISTR	Distoken Acquisition	Pair Corr
0.75	ANSCW	Agriculture Natural	Pair Corr

Moving against Patria Stock

0.88	BRACU	Broad Capital Acquisition	Pair Corr
0.76	PFTAU	Portage Fintech Acqu	Pair Corr
0.49	BRACR	Broad Capital Acquisition	Pair Corr
0.47	YHNAU	YHN Acquisition I	Pair Corr
0.35	EMCGU	Embrace Change Acqui	Pair Corr
0.34	DTSQ	DT Cloud Star	Pair Corr
0.68	BRKHU	BurTech Acquisition Corp	Pair Corr
0.6	IMAQR	International Media	Pair Corr
0.42	BRKHW	BurTech Acquisition Corp	Pair Corr
0.41	DISTW	Distoken Acquisition	Pair Corr
0.39	IMAQW	International Media	Pair Corr
0.31	IMAQU	International Media	Pair Corr

Related Correlations Analysis

	PPHP	RWOD	FTIIU	CMCA	QOMO	VSACU	LIBYU	CMCAU
PPHP		-0.56	0.1	0.04	-0.14	-0.08	0.16	-0.01	PPHP
RWOD	-0.56		-0.28	-0.13	0.51	0.56	-0.08	-0.09	RWOD
FTIIU	0.1	-0.28		0.04	-0.21	-0.32	0.01	0.01	FTIIU
CMCA	0.04	-0.13	0.04		0.06	-0.01	-0.13	0.16	CMCA
QOMO	-0.14	0.51	-0.21	0.06		0.44	0.11	-0.16	QOMO
VSACU	-0.08	0.56	-0.32	-0.01	0.44		0.18	0.01	VSACU
LIBYU	0.16	-0.08	0.01	-0.13	0.11	0.18		0.11	LIBYU
CMCAU	-0.01	-0.09	0.01	0.16	-0.16	0.01	0.11		CMCAU
	PPHP	RWOD	FTIIU	CMCA	QOMO	VSACU	LIBYU	CMCAU

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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

VSACU	+ 0.56	RWOD
QOMO	+ 0.51	RWOD
VSACU	+ 0.44	QOMO
LIBYU	+ 0.18	VSACU
LIBYU	+ 0.16	PPHP
CMCAU	+ 0.16	CMCA

High negative correlations

RWOD	- 0.56	PPHP
VSACU	- 0.32	FTIIU
FTIIU	- 0.28	RWOD
QOMO	- 0.21	FTIIU
CMCAU	- 0.16	QOMO
QOMO	- 0.14	PPHP

Risk-Adjusted Indicators

There is a big difference between Patria Stock performing well and Patria Latin 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 Patria Latin'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
PPHP	0.14	0.03	(0.13)	(1.32)	0.11	(0.51)	0.47	(0.09)	3.06
RWOD	8.16	(1.53)	0.00	7.38	0.00	0.00	19.10	(16.44)	44.76
FTIIU	0.15	(0.02)	0.00	(0.01)	0.00	0.00	0.00	0.00	8.71
CMCA	0.19	0.02	0.00	0.36	0.00	0.00	0.91	(0.36)	3.14
QOMO	0.64	(0.04)	(0.04)	(0.02)	1.22	(2.65)	1.93	(2.37)	14.99
VSACU	0.10	0.01	0.00	(0.02)	0.00	0.00	0.00	0.00	3.02
LIBYU	0.33	(0.01)	0.00	0.08	0.00	0.00	1.11	(0.46)	7.91
CMCAU	0.38	0.05	0.00	(0.15)	0.00	0.00	0.86	0.00	16.79

Still Interested in Patria Latin American?

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.

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