SK Growth Correlations

SKGR Stock

USD 11.57 0.05 0.43%

The current 90-days correlation between SK Growth Opportunities and Thunder Bridge Capital is 0.01 (i.e., Significant diversification). The correlation of SK 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.

SK Growth Correlation With Market

Very good diversification

The correlation between SK Growth Opportunities and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SK Growth Opportunities and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SKGR Stock

0.69	V	Visa Class A	Pair Corr
0.81	DIST	Distoken Acquisition	Pair Corr
0.89	MA	Mastercard	Pair Corr
0.89	DYCQ	DT Cloud Acquisition	Pair Corr
0.71	EMCG	Embrace Change Acqui	Pair Corr
0.76	WAVS	Western Acquisition	Pair Corr
0.91	ESHA	ESH Acquisition Corp	Pair Corr
0.93	EVGR	Evergreen Corp	Pair Corr
0.73	DISTR	Distoken Acquisition	Pair Corr
0.84	ANSCW	Agriculture Natural	Pair Corr
0.92	WAVSU	Western Acquisition	Pair Corr

Moving against SKGR Stock

0.78	RC	Ready Capital Corp	Pair Corr
0.72	BRACU	Broad Capital Acquisition	Pair Corr
0.45	EARN	Ellington Residential	Pair Corr
0.42	PFTAU	Portage Fintech Acqu	Pair Corr
0.36	TETEW	Technology Telecommunicatio	Pair Corr
0.34	DMYY	dMY Squared Technology	Pair Corr
0.33	PFTAW	Portage Fintech Acqu	Pair Corr
0.31	EMCGR	Embrace Change Acqui	Pair Corr
0.85	BRKHU	BurTech Acquisition Corp	Pair Corr
0.49	BRKHW	BurTech Acquisition Corp	Pair Corr
0.43	DISTW	Distoken Acquisition	Pair Corr
0.87	TWO	Two Harbors Investments	Pair Corr
0.82	EFC	Ellington Financial	Pair Corr

Related Correlations Analysis

	FORLU	WINV	THCP	ASCA	RCAC	PRLH	APNCW	AOAO	AVNY
FORLU		0.0	0.0	0.0	0.0	0.0	0.0	1.0	-1.0	FORLU
WINV	0.0		0.32	0.4	0.46	0.45	0.0	0.0	0.0	WINV
THCP	0.0	0.32		0.8	0.7	0.71	0.0	0.0	0.0	THCP
ASCA	0.0	0.4	0.8		0.72	0.85	0.0	0.0	0.0	ASCA
RCAC	0.0	0.46	0.7	0.72		0.87	0.0	0.0	0.0	RCAC
PRLH	0.0	0.45	0.71	0.85	0.87		0.0	0.0	0.0	PRLH
APNCW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	APNCW
AOAO	1.0	0.0	0.0	0.0	0.0	0.0	0.0		-1.0	AOAO
AVNY	-1.0	0.0	0.0	0.0	0.0	0.0	0.0	-1.0		AVNY
	FORLU	WINV	THCP	ASCA	RCAC	PRLH	APNCW	AOAO	AVNY

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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

AOAO	+ 1.0	FORLU
PRLH	+ 0.87	RCAC
PRLH	+ 0.85	ASCA
ASCA	+ 0.8	THCP
RCAC	+ 0.72	ASCA
PRLH	+ 0.71	THCP

High negative correlations

AVNY	- 1.0	AOAO
AVNY	- 1.0	FORLU
AVNY	- 0.0	APNCW
AOAO	- 0.0	APNCW
AVNY	- 0.0	PRLH
AOAO	- 0.0	PRLH

Risk-Adjusted Indicators

There is a big difference between SKGR Stock performing well and SK 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 SK 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
FORLU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WINV	0.41	0.01	(0.04)	0.18	0.67	(1.55)	1.65	(0.94)	6.31
THCP	0.31	0.05	(0.06)	3.14	0.43	(0.91)	1.17	(0.44)	7.06
ASCA	0.13	0.00	(0.16)	0.13	0.19	(0.48)	0.38	(0.28)	2.67
RCAC	0.10	0.01	(0.42)	3.67	0.00	(0.20)	0.39	(0.29)	0.97
PRLH	0.10	0.02	0.00	(6.46)	0.00	0.00	0.27	(0.09)	1.52
APNCW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AOAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AVNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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