Western Acquisition Correlations

WAVSU Stock

USD 11.54 0.00 0.00%

The current 90-days correlation between Western Acquisition and PowerUp Acquisition Corp is 0.1 (i.e., Average diversification). The correlation of Western 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.

Western Acquisition Correlation With Market

Good diversification

The correlation between Western Acquisition Ventures and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Western Acquisition Ventures 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 Western Acquisition Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Western Stock

0.67	V	Visa Class A	Pair Corr
0.74	DIST	Distoken Acquisition	Pair Corr
0.94	AB	AllianceBernstein	Pair Corr
0.91	AC	Associated Capital	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.89	BX	Blackstone Group Normal Trading	Pair Corr
0.94	CG	Carlyle Group	Pair Corr
0.75	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.78	LX	Lexinfintech Holdings	Pair Corr
0.88	MA	Mastercard	Pair Corr
0.63	MC	Moelis	Pair Corr
0.89	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.76	PX	P10 Inc	Pair Corr
0.89	QD	Qudian Inc	Pair Corr
0.9	SF	Stifel Financial Earnings Call Tomorrow	Pair Corr
0.8	TW	Tradeweb Markets	Pair Corr
0.73	WT	WisdomTree	Pair Corr
0.88	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.91	DYCQ	DT Cloud Acquisition	Pair Corr
0.79	VRTS	Virtus Investment	Pair Corr

Moving against Western Stock

0.53	PT	Pintec Technology	Pair Corr
0.73	WU	Western Union	Pair Corr
0.7	RM	Regional Management Corp	Pair Corr
0.68	XP	Xp Inc	Pair Corr
0.43	DMYY	dMY Squared Technology	Pair Corr
0.93	BRKHU	BurTech Acquisition Corp	Pair Corr
0.74	BRACU	Broad Capital Acquisition	Pair Corr
0.53	BRKHW	BurTech Acquisition Corp	Pair Corr
0.43	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP
PWUP		0.41	-0.26	0.0	-0.47	0.6	0.55	0.5	0.1	-0.33	PWUP
AUROW	0.41		-0.64	0.0	-0.47	0.77	0.07	0.6	-0.27	0.19	AUROW
444859BR2	-0.26	-0.64		0.0	0.35	-0.55	-0.1	-0.62	0.39	-0.35	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.47	-0.47	0.35	0.0		-0.49	-0.41	-0.41	-0.04	0.12	BRRAY
MSTSX	0.6	0.77	-0.55	0.0	-0.49		0.29	0.69	0.02	-0.11	MSTSX
ABHYX	0.55	0.07	-0.1	0.0	-0.41	0.29		0.59	-0.03	-0.21	ABHYX
LBHIX	0.5	0.6	-0.62	0.0	-0.41	0.69	0.59		-0.26	0.15	LBHIX
SCAXF	0.1	-0.27	0.39	0.0	-0.04	0.02	-0.03	-0.26		-0.78	SCAXF
VIASP	-0.33	0.19	-0.35	0.0	0.12	-0.11	-0.21	0.15	-0.78		VIASP
	PWUP	AUROW	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF	VIASP

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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

MSTSX	+ 0.77	AUROW
LBHIX	+ 0.69	MSTSX
MSTSX	+ 0.6	PWUP
LBHIX	+ 0.6	AUROW
LBHIX	+ 0.59	ABHYX
ABHYX	+ 0.55	PWUP

High negative correlations

VIASP	- 0.78	SCAXF
444859BR2	- 0.64	AUROW
LBHIX	- 0.62	444859BR2
MSTSX	- 0.55	444859BR2
MSTSX	- 0.49	BRRAY
BRRAY	- 0.47	AUROW

Risk-Adjusted Indicators

There is a big difference between Western Stock performing well and Western 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 Western 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
PWUP	1.20	0.08	(0.01)	(0.47)	2.43	(2.40)	4.50	(4.59)	20.77
AUROW	9.35	2.11	0.30	0.40	7.73	(13.09)	26.47	(11.84)	99.11
444859BR2	1.31	(0.16)	0.00	(0.06)	0.00	0.00	5.93	(4.56)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.10)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.48	(0.04)	(0.13)	0.06	0.50	(0.59)	1.21	(1.02)	2.80
ABHYX	0.17	0.02	(0.25)	(0.03)	0.26	(0.23)	0.34	(0.33)	1.91
LBHIX	0.11	0.01	(0.41)	0.46	0.00	(0.29)	0.24	(0.24)	0.96
SCAXF	0.70	(0.37)	0.00	(25.57)	0.00	0.00	0.00	0.00	23.47
VIASP	0.72	0.00	(0.02)	0.00	1.05	(0.80)	2.28	(1.15)	7.18

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