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

0.61	V	Visa Class A	Pair Corr
0.63	AXP	American Express	Pair Corr
0.86	HNNA	Hennessy Ad	Pair Corr
0.71	LEGT	Legato Merger Corp	Pair Corr
0.67	C	Citigroup Aggressive Push	Pair Corr
0.73	DB	Deutsche Bank AG Normal Trading	Pair Corr

Moving against Cartesian Stock

0.85	DHIL	Diamond Hill Investment	Pair Corr
0.77	AX	Axos Financial	Pair Corr
0.69	AFCG	AFC Gamma	Pair Corr
0.53	CODI	Compass Diversified	Pair Corr
0.47	PSEC	Prospect Capital	Pair Corr
0.78	KB	KB Financial Group	Pair Corr
0.74	CB	Chubb	Pair Corr
0.72	RF	Regions Financial Earnings Call This Week	Pair Corr
0.69	EG	Everest Group	Pair Corr
0.6	BY	Byline Bancorp	Pair Corr
0.53	PB	Prosperity Bancshares	Pair Corr
0.52	BX	Blackstone Group	Pair Corr
0.47	NU	Nu Holdings	Pair Corr
0.42	FG	FG Annuities Life Earnings Call This Week	Pair Corr
0.41	SF	Stifel Financial	Pair Corr
0.39	IX	Orix Corp Ads	Pair Corr
0.39	RY	Royal Bank Sell-off Trend	Pair Corr

Related Correlations Analysis

	IVCAU	MCACU	SCRMU	RFACU	MSSAU
IVCAU		0.0	0.0	-0.43	0.42	IVCAU
MCACU	0.0		0.0	0.0	0.0	MCACU
SCRMU	0.0	0.0		0.0	0.0	SCRMU
RFACU	-0.43	0.0	0.0		-0.37	RFACU
MSSAU	0.42	0.0	0.0	-0.37		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

MSSAU	+ 0.42	IVCAU
MCACU	+ 0.0	IVCAU
SCRMU	+ 0.0	IVCAU
SCRMU	+ 0.0	MCACU
RFACU	+ 0.0	MCACU
MSSAU	+ 0.0	MCACU

High negative correlations

RFACU	- 0.43	IVCAU
MSSAU	- 0.37	RFACU
MSSAU	- 0.0	SCRMU
RFACU	- 0.0	SCRMU
MSSAU	- 0.0	MCACU
RFACU	- 0.0	MCACU

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
IVCAU	0.15	0.01	0.00	(0.35)	0.00	0.00	0.17	(0.33)	5.23
MCACU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCRMU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RFACU	6.18	(0.78)	0.00	0.58	0.00	0.00	10.80	(17.78)	113.90
MSSAU	0.65	0.07	0.02	0.77	1.15	(3.65)	1.64	(1.60)	13.83

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