Pontem Corp Correlations
| PNTMDelisted Stock | USD 10.37 0.00 0.00% |
The current 90-days correlation between Pontem Corp and Jaws Mustang Acquisition is -0.42 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pontem Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pontem Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pontem Corp Correlation With Market
Good diversification
The correlation between Pontem Corp and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pontem Corp and DJI in the same portfolio, assuming nothing else is changed.
Pontem |
Moving together with Pontem Stock
| 0.76 | SYM | Symbotic | PairCorr |
| 0.71 | WMT | Walmart Aggressive Push | PairCorr |
| 0.71 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.86 | HNHPF | Hon Hai Precision | PairCorr |
| 0.7 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.73 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.66 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.77 | T | ATT Inc Aggressive Push | PairCorr |
| 0.73 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.85 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.68 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
Moving against Pontem Stock
| 0.72 | VLKAF | Volkswagen AG | PairCorr |
| 0.72 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.7 | DPSTF | Deutsche Post AG | PairCorr |
| 0.68 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.65 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.86 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.71 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.55 | PG | Procter Gamble | PairCorr |
| 0.31 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.33 | 0.71 | 0.85 | 0.87 | JWSM | ||
| 0.33 | -0.09 | 0.18 | 0.11 | TLGA | ||
| 0.71 | -0.09 | 0.87 | 0.81 | QFTA | ||
| 0.85 | 0.18 | 0.87 | 0.92 | PRPC | ||
| 0.87 | 0.11 | 0.81 | 0.92 | SCRM | ||
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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 Pontem Stock performing well and Pontem Corp 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 Pontem Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JWSM | 0.09 | 0.01 | (0.22) | (0.65) | 0.04 | 0.36 | 1.85 | |||
| TLGA | 0.46 | (0.14) | 0.00 | 0.91 | 0.00 | 0.66 | 6.04 | |||
| QFTA | 0.12 | 0.02 | (0.35) | 0.88 | 0.00 | 0.39 | 1.15 | |||
| PRPC | 0.19 | 0.08 | (0.09) | (1.39) | 0.00 | 0.75 | 1.77 | |||
| SCRM | 0.12 | 0.01 | (0.51) | (0.35) | 0.00 | 0.29 | 0.87 |
Pontem Corp 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 Pontem Corp stock to make a market-neutral strategy. Peer analysis of Pontem Corp could also be used in its relative valuation, which is a method of valuing Pontem Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Pontem Corp?
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.