Waldencast Acquisition Correlations

WALDW Stock

USD 0.14 0.03 27.27%

The current 90-days correlation between Waldencast Acquisition and VTEX is -0.02 (i.e., Good diversification). The correlation of Waldencast 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.

Waldencast Acquisition Correlation With Market

Significant diversification

The correlation between Waldencast Acquisition Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waldencast Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waldencast Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving against Waldencast Stock

0.53	ODD	ODDITY Tech	Pair Corr
0.45	YSG	Yatsen Holding	Pair Corr
0.39	ODC	Oil Dri	Pair Corr
0.35	WDFC	WD 40 Company	Pair Corr
0.35	NWL	Newell Brands	Pair Corr
0.6	S	SentinelOne	Pair Corr
0.5	HELE	Helen of Troy	Pair Corr
0.5	BRBR	Bellring Brands LLC	Pair Corr
0.46	LFVN	Lifevantage	Pair Corr

Related Correlations Analysis

	WFCF	VTEX	VERX	BAINF	AIFS
WFCF		-0.39	0.58	-0.56	0.46	WFCF
VTEX	-0.39		-0.58	0.22	-0.15	VTEX
VERX	0.58	-0.58		-0.35	0.18	VERX
BAINF	-0.56	0.22	-0.35		-0.46	BAINF
AIFS	0.46	-0.15	0.18	-0.46		AIFS
	WFCF	VTEX	VERX	BAINF	AIFS

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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

VERX	+ 0.58	WFCF
AIFS	+ 0.46	WFCF
BAINF	+ 0.22	VTEX
AIFS	+ 0.18	VERX

High negative correlations

VERX	- 0.58	VTEX
BAINF	- 0.56	WFCF
AIFS	- 0.46	BAINF
VTEX	- 0.39	WFCF
BAINF	- 0.35	VERX
AIFS	- 0.15	VTEX

Risk-Adjusted Indicators

There is a big difference between Waldencast Stock performing well and Waldencast 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 Waldencast 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
WFCF	1.27	0.05	(0.05)	(0.22)	1.44	(1.60)	3.34	(2.07)	8.33
VTEX	1.56	(0.27)	0.00	(0.24)	0.00	0.00	3.00	(3.53)	11.44
VERX	1.69	0.40	0.22	0.32	1.64	(1.84)	3.69	(3.13)	19.03
BAINF	1.19	0.02	0.00	0.10	0.00	0.00	2.99	0.00	26.74
AIFS	3.97	(0.01)	0.00	0.12	6.70	(13.23)	22.34	(19.78)	51.28

Waldencast Acquisition Corporate Executives

Elected by the shareholders, the Waldencast Acquisition's board of directors comprises two types of representatives: Waldencast Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Waldencast. The board's role is to monitor Waldencast Acquisition's management team and ensure that shareholders' interests are well served. Waldencast Acquisition's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Waldencast Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Hind Sebti	Founder Officer	Profile
	Philippe Gautier	CFO COO	Profile

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