SC II Correlations

SCIIU Stock

10.20 0.00 0.00%

The current 90-days correlation between SC II Acquisition and Great Elm Capital is -0.1 (i.e., Good diversification). The correlation of SC II 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.

SC II Correlation With Market

Weak diversification

The correlation between SC II Acquisition and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SC II Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SCIIU Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SC II Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with SCIIU Stock

0.72	DMAA	Drugs Made In	Pair Corr
0.67	DMII	Drugs Made In	Pair Corr
0.7	VACI	Viking Acquisition Corp	Pair Corr
0.77	DNMX	Dynamix III	Pair Corr
0.88	DYOR	Insight Digital Partners	Pair Corr
0.75	EGHA	EGH Acquisition Corp	Pair Corr
0.85	WENN	Wen Acquisition Corp	Pair Corr
0.76	EVAC	EQV Ventures Acquisition	Pair Corr
0.7	EVOX	Evolution Global Acq	Pair Corr
0.69	FIGX	FIGX Capital Acquisition	Pair Corr
0.71	ALF	Centurion Acquisition	Pair Corr
0.79	CUB	Lionheart Holdings	Pair Corr
0.7	RAC	Rithm Acquisition Corp	Pair Corr
0.62	GSHR	Gesher Acquisition Corp	Pair Corr
0.82	GSRF	GSR IV Acquisition	Pair Corr
0.63	HVMC	Highview Merger Corp	Pair Corr
0.72	INVP	Investec PLC	Pair Corr

Moving against SCIIU Stock

0.61	AAM	AA Mission Acquisition	Pair Corr
0.59	WLAC	Willow Lane Acquisition Potential Growth	Pair Corr
0.41	VCIC	Vine Hill Capital	Pair Corr
0.52	HVII	Hennessy Capital Inv	Pair Corr

Related Correlations Analysis

	KOYN	BACC	OACC	LEGT	HRZN	IPCX	GECC
KOYN		-0.38	0.59	0.71	0.6	0.63	-0.54	KOYN
BACC	-0.38		-0.45	-0.61	-0.03	-0.57	0.63	BACC
OACC	0.59	-0.45		0.61	0.2	0.55	-0.61	OACC
LEGT	0.71	-0.61	0.61		0.32	0.64	-0.55	LEGT
HRZN	0.6	-0.03	0.2	0.32		0.32	0.11	HRZN
IPCX	0.63	-0.57	0.55	0.64	0.32		-0.62	IPCX
GECC	-0.54	0.63	-0.61	-0.55	0.11	-0.62		GECC
	KOYN	BACC	OACC	LEGT	HRZN	IPCX	GECC

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

LEGT	+ 0.71	KOYN
IPCX	+ 0.64	LEGT
IPCX	+ 0.63	KOYN
GECC	+ 0.63	BACC
LEGT	+ 0.61	OACC
HRZN	+ 0.6	KOYN

High negative correlations

GECC	- 0.62	IPCX
GECC	- 0.61	OACC
LEGT	- 0.61	BACC
IPCX	- 0.57	BACC
GECC	- 0.55	LEGT
GECC	- 0.54	KOYN

Risk-Adjusted Indicators

There is a big difference between SCIIU Stock performing well and SC II 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 SC II'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
KOYN	0.09	0.00	(0.69)	(0.53)	0.00	(0.15)	0.20	(0.20)	1.10
BACC	0.15	(0.03)	0.00	(0.91)	0.00	0.00	0.39	(0.39)	1.37
OACC	0.21	0.00	(0.28)	0.29	0.23	(0.35)	0.47	(0.47)	1.50
LEGT	0.24	0.03	(0.17)	(0.18)	0.39	(0.33)	0.46	(0.37)	5.16
HRZN	0.84	(0.02)	(0.05)	0.09	1.07	(0.84)	1.79	(1.98)	5.22
IPCX	0.11	0.00	(0.67)	(0.24)	0.08	(0.18)	0.30	(0.20)	0.79
GECC	1.58	(0.07)	0.00	0.32	0.00	0.00	2.77	(4.00)	8.13

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