Cartesian Growth Correlations

RENEU Stock

USD 11.70 0.07 0.60%

The current 90-days correlation between Cartesian Growth and Investcorp India Acquisition is -0.01 (i.e., Good diversification). The correlation of Cartesian Growth 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.

Cartesian Growth Correlation With Market

Good diversification

The correlation between Cartesian Growth and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cartesian Growth 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 Cartesian Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For more information on how to buy Cartesian Stock please use our How to Invest in Cartesian Growth guide.

Moving together with Cartesian Stock

0.67	AXP	American Express	Pair Corr
0.68	C	Citigroup Earnings Call This Week	Pair Corr
0.64	V	Visa Class A	Pair Corr
0.64	DB	Deutsche Bank AG	Pair Corr
0.64	HG	Hamilton Insurance Group,	Pair Corr
0.94	LX	Lexinfintech Holdings Downward Rally	Pair Corr
0.64	QD	Qudian Inc	Pair Corr
0.87	RM	Regional Management Corp Earnings Call This Week	Pair Corr

Moving against Cartesian Stock

0.84	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.71	CB	Chubb	Pair Corr
0.6	DHIL	Diamond Hill Investment	Pair Corr
0.48	EG	Everest Group Earnings Call This Week	Pair Corr
0.35	AC	Associated Capital Earnings Call This Week	Pair Corr
0.32	AX	Axos Financial	Pair Corr
0.88	XP	Xp Inc Normal Trading	Pair Corr
0.82	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.81	NU	Nu Holdings Aggressive Push	Pair Corr
0.76	WD	Walker Dunlop	Pair Corr
0.66	VBNK	VersaBank Normal Trading	Pair Corr
0.63	PSEC-PA	Prospect Capital Earnings Call This Week	Pair Corr
0.61	VABK	Virginia National	Pair Corr
0.44	WT	WISDOMTREE INC	Pair Corr
0.39	RF	Regions Financial	Pair Corr
0.39	VBTX	Veritex Holdings	Pair Corr
0.38	WU	Western Union Earnings Call This Week	Pair Corr
0.33	VALU	Value Line	Pair Corr

Related Correlations Analysis

	IVCAU	MCACU	SCRMU	RFACU	MSSAU
IVCAU		0.06	0.79	-0.26	0.45	IVCAU
MCACU	0.06		0.03	0.58	0.06	MCACU
SCRMU	0.79	0.03		-0.2	0.53	SCRMU
RFACU	-0.26	0.58	-0.2		-0.41	RFACU
MSSAU	0.45	0.06	0.53	-0.41		MSSAU
	IVCAU	MCACU	SCRMU	RFACU	MSSAU

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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

SCRMU	+ 0.79	IVCAU
RFACU	+ 0.58	MCACU
MSSAU	+ 0.53	SCRMU
MSSAU	+ 0.45	IVCAU
MCACU	+ 0.06	IVCAU
MSSAU	+ 0.06	MCACU

High negative correlations

MSSAU	- 0.41	RFACU
RFACU	- 0.26	IVCAU
RFACU	- 0.2	SCRMU

Risk-Adjusted Indicators

There is a big difference between Cartesian Stock performing well and Cartesian Growth 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 Cartesian Growth'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
IVCAU	0.18	0.04	(0.46)	0.43	(0.33)	5.23
MCACU	1.02	(0.45)	2.18	0.00	0.00	8.29
SCRMU	0.12	0.01	(1.28)	0.58	(0.10)	2.12
RFACU	2.81	(0.61)	1.07	0.26	(10.11)	46.96
MSSAU	0.61	0.06	0.48	1.64	(0.17)	13.83

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