Cartesian Growth Correlations

RENEWDelisted Stock

USD 129.69 0.37 0.28%

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 poor diversification

The correlation between Cartesian Growth and DJI is 0.8 (i.e., Very poor 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. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

Moving together with Cartesian Stock

0.66	BBDO	Banco Bradesco SA	Pair Corr
0.73	DUK-PA	Duke Energy	Pair Corr
0.76	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.76	TSM	Taiwan Semiconductor	Pair Corr
0.88	SLSR	Solaris Resources	Pair Corr
0.71	TATT	Tat Techno	Pair Corr
0.79	USPH	US Physicalrapy	Pair Corr
0.77	GS	Goldman Sachs Group	Pair Corr
0.68	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.84	MEEEF	Metal Energy Corp	Pair Corr
0.72	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.63	NNBR	NN Inc	Pair Corr
0.67	INTC	Intel	Pair Corr
0.65	TORO	Toro	Pair Corr
0.83	FRSB	First Resource Bank	Pair Corr
0.73	FRFFF	Fairfax Financial	Pair Corr
0.71	AES	AES Earnings Call This Week	Pair Corr
0.84	TOGOF	TomaGold	Pair Corr

Moving against Cartesian Stock

0.84	PBCRY	Bank Central Asia	Pair Corr
0.63	PBCRF	PT Bank Central	Pair Corr
0.48	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	CDAQW	XPDBW	MCACW	KACLR	ADALW
CDAQW		0.0	0.0	0.0	0.0	CDAQW
XPDBW	0.0		0.0	0.0	0.0	XPDBW
MCACW	0.0	0.0		0.0	0.0	MCACW
KACLR	0.0	0.0	0.0		0.0	KACLR
ADALW	0.0	0.0	0.0	0.0		ADALW
	CDAQW	XPDBW	MCACW	KACLR	ADALW

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

XPDBW	+ 0.0	CDAQW
MCACW	+ 0.0	CDAQW
KACLR	+ 0.0	CDAQW
ADALW	+ 0.0	CDAQW
MCACW	+ 0.0	XPDBW
KACLR	+ 0.0	XPDBW

High negative correlations

ADALW	- 0.0	KACLR
ADALW	- 0.0	MCACW
KACLR	- 0.0	MCACW
ADALW	- 0.0	XPDBW
KACLR	- 0.0	XPDBW
MCACW	- 0.0	XPDBW

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
CDAQW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XPDBW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCACW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KACLR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ADALW	0.00	0.00	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.

Compass Digital Acquisition Power Digital Infrastructure Monterey Capital Acquisition Kairous Acquisition Corp Anthemis Digital Acquisitions American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp The Home Depot International Business Machines

Risk & Return

Correlation

Still Interested in Cartesian Growth?

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