Cartesian Growth Correlations

RENEU Stock  USD 11.74  0.04  0.34%   
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

Average diversification

The correlation between Cartesian Growth and DJI is 0.12 (i.e., Average 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

  0.61V Visa Class APairCorr
  0.63AXP American ExpressPairCorr
  0.86HNNA Hennessy AdPairCorr
  0.71LEGT Legato Merger CorpPairCorr
  0.67C Citigroup Aggressive PushPairCorr
  0.73DB Deutsche Bank AG Normal TradingPairCorr

Moving against Cartesian Stock

  0.85DHIL Diamond Hill InvestmentPairCorr
  0.77AX Axos FinancialPairCorr
  0.69AFCG AFC GammaPairCorr
  0.53CODI Compass DiversifiedPairCorr
  0.47PSEC Prospect CapitalPairCorr
  0.78KB KB Financial GroupPairCorr
  0.74CB ChubbPairCorr
  0.72RF Regions Financial Earnings Call This WeekPairCorr
  0.69EG Everest GroupPairCorr
  0.6BY Byline BancorpPairCorr
  0.53PB Prosperity BancsharesPairCorr
  0.52BX Blackstone GroupPairCorr
  0.47NU Nu HoldingsPairCorr
  0.42FG FG Annuities Life Earnings Call This WeekPairCorr
  0.41SF Stifel FinancialPairCorr
  0.39IX Orix Corp AdsPairCorr
  0.39RY Royal Bank Sell-off TrendPairCorr

Related Correlations Analysis

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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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High negative correlations   
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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.