Waldencast Acquisition Correlations
| WALDW Stock | USD 0.14 0.02 16.67% |
The current 90-days correlation between Waldencast Acquisition and Waldencast Acquisition Corp is 0.23 (i.e., Modest 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
Good diversification
The correlation between Waldencast Acquisition Corp and DJI is -0.15 (i.e., Good 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.
Waldencast |
Moving against Waldencast Stock
| 0.53 | SPB | Spectrum Brands Holdings | PairCorr |
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| 0.37 | CL | Colgate Palmolive Earnings Call This Week | PairCorr |
| 0.36 | EPC | Edgewell Personal Care | PairCorr |
| 0.47 | HELE | Helen of Troy | PairCorr |
| 0.42 | COTY | Coty Inc | PairCorr |
| 0.39 | S | SentinelOne | PairCorr |
| 0.38 | NHTC | Natural Health Trend | PairCorr |
| 0.31 | KVUE | Kenvue Inc | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WALD | 3.03 | (0.09) | 0.00 | (0.10) | 0.00 | 6.17 | 19.80 | |||
| TMKRW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LCAAW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ANZUW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SLAMW | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
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 |