Cartesian Growth Correlations
| RENEUDelisted Stock | USD 11.69 0.00 0.00% |
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
Very good diversification
The correlation between Cartesian Growth and DJI is -0.49 (i.e., Very 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.
Cartesian |
Moving against Cartesian Stock
| 0.41 | GL-PD | Globe Life 425 | PairCorr |
| 0.41 | CCL | Carnival | PairCorr |
| 0.4 | MFGCF | Mayfair Gold Corp | PairCorr |
| 0.4 | BCO | Brinks Company | PairCorr |
| 0.37 | ADEA | ADEIA P | PairCorr |
| 0.37 | INGR | Ingredion Incorporated | PairCorr |
| 0.36 | SBKO | Summit Bank Group | PairCorr |
| 0.35 | VKQ | Invesco Municipal Trust | PairCorr |
| 0.35 | VALE | Vale SA ADR Aggressive Push | PairCorr |
| 0.34 | CMI | Cummins | PairCorr |
| 0.31 | RHHVF | Roche Holding AG | PairCorr |
| 0.57 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.49 | ARNI | Arno Therapeutics | PairCorr |
| 0.48 | MEEEF | Metal Energy Corp | PairCorr |
| 0.44 | TFC | Truist Financial Corp | PairCorr |
| 0.44 | FMFP | First Community Financial | PairCorr |
| 0.38 | KULR | KULR Technology Group | PairCorr |
| 0.37 | WLK | Westlake Chemical | PairCorr |
| 0.37 | SLI | Standard Lithium | PairCorr |
| 0.32 | VOD | Vodafone Group PLC | PairCorr |
Related Correlations Analysis
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 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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ROSS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HHLA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MBAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FRXB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BFAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NFYS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MCAA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LVAC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BCSA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SLAM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cartesian Growth 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 Cartesian Growth stock to make a market-neutral strategy. Peer analysis of Cartesian Growth could also be used in its relative valuation, which is a method of valuing Cartesian Growth by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Cartesian Growth?
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