TMT Acquisition Correlations

Summary

TMTCRDelisted Stock

0.38 0.02 5.00%

The current 90-days correlation between TMT Acquisition Corp and Pinterest is 0.01 (i.e., Significant diversification). The correlation of TMT Acquisition 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.

TMT Acquisition Correlation With Market

Good diversification

The correlation between TMT Acquisition Corp and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TMT Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map 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 main economic indicators.

Moving against TMT Stock

0.53	FLUX	Flux Power Holdings	Pair Corr
0.47	ENS	Enersys	Pair Corr
0.46	ELPW	Elong Power Holding	Pair Corr
0.38	FCEL	FuelCell Energy Trending	Pair Corr
0.33	ENVX	Enovix Corp	Pair Corr
0.54	TMTCU	TMT Acquisition Corp	Pair Corr
0.44	IPWR	Ideal Power	Pair Corr
0.43	LSCG	Lighting Science	Pair Corr
0.37	SDSTW	Stardust Power Symbol Change	Pair Corr
0.32	HOKUQ	Hoku	Pair Corr
0.42	SDST	Stardust Power Symbol Change	Pair Corr

Related Correlations Analysis

	PINS	SCKT	SLS	LPCN	TV	RSVR	ABOS
PINS		-0.39	-0.31	0.39	0.71	0.11	0.19	PINS
SCKT	-0.39		-0.21	0.0	-0.33	0.6	-0.32	SCKT
SLS	-0.31	-0.21		-0.44	-0.27	-0.28	-0.14	SLS
LPCN	0.39	0.0	-0.44		0.58	0.57	0.48	LPCN
TV	0.71	-0.33	-0.27	0.58		0.13	0.31	TV
RSVR	0.11	0.6	-0.28	0.57	0.13		0.21	RSVR
ABOS	0.19	-0.32	-0.14	0.48	0.31	0.21		ABOS
	PINS	SCKT	SLS	LPCN	TV	RSVR	ABOS

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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

TV	+ 0.71	PINS
RSVR	+ 0.6	SCKT
TV	+ 0.58	LPCN
RSVR	+ 0.57	LPCN
ABOS	+ 0.48	LPCN
LPCN	+ 0.39	PINS

High negative correlations

LPCN	- 0.44	SLS
SCKT	- 0.39	PINS
TV	- 0.33	SCKT
ABOS	- 0.32	SCKT
SLS	- 0.31	PINS
RSVR	- 0.28	SLS

Risk-Adjusted Indicators

There is a big difference between TMT Stock performing well and TMT Acquisition 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 TMT Acquisition'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
PINS	1.63	(0.14)	0.00	(0.03)	0.00	0.00	2.79	(3.30)	17.91
SCKT	2.18	0.45	0.13	1.13	2.36	(3.01)	5.93	(3.42)	25.39
SLS	2.25	(0.19)	0.00	(2.14)	0.00	0.00	5.60	(4.00)	17.74
LPCN	3.43	0.38	0.06	1.52	4.50	(3.55)	7.08	(6.20)	27.84
TV	2.88	(0.10)	(0.01)	0.05	4.18	(2.71)	5.38	(6.56)	20.33
RSVR	1.77	0.12	0.08	0.20	2.20	(1.90)	3.91	(3.81)	9.49
ABOS	3.54	(0.56)	0.00	(0.07)	0.00	0.00	7.52	(6.78)	28.07

TMT Acquisition 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 TMT Acquisition stock to make a market-neutral strategy. Peer analysis of TMT Acquisition could also be used in its relative valuation, which is a method of valuing TMT Acquisition by comparing valuation metrics with similar companies.

Pinterest Socket Mobile Sellas Life Sciences Lipocine Grupo Televisa SAB Reservoir Media Acumen Pharmaceuticals American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Still Interested in TMT Acquisition Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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