WinVest Acquisition Correlations

WINV Stock

USD 11.77 0.04 0.34%

The current 90-days correlation between WinVest Acquisition Corp and Distoken Acquisition is 0.04 (i.e., Significant diversification). The correlation of WinVest 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.

WinVest Acquisition Correlation With Market

Good diversification

The correlation between WinVest Acquisition Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WinVest 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 WinVest 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 board of governors.

Moving against WinVest Stock

0.38	VINP	Vinci Partners Inves	Pair Corr
0.36	XP	Xp Inc	Pair Corr
0.68	BRACU	Broad Capital Acquisition	Pair Corr
0.52	PFTAU	Portage Fintech Acqu	Pair Corr
0.39	EMCGU	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	DIST	VACH	DMYY	YHNAR	YHNAU	VCIC	DPCS	PWUPU	PWUPW	DTSQ
DIST		0.15	-0.35	-0.29	0.33	-0.16	0.84	-0.08	-0.35	0.26	DIST
VACH	0.15		-0.22	-0.14	0.44	-0.34	0.17	-0.59	-0.28	0.28	VACH
DMYY	-0.35	-0.22		0.09	-0.1	0.09	-0.19	-0.01	0.08	-0.05	DMYY
YHNAR	-0.29	-0.14	0.09		-0.23	-0.36	-0.45	0.07	0.12	-0.2	YHNAR
YHNAU	0.33	0.44	-0.1	-0.23		-0.22	0.42	-0.53	-0.49	0.78	YHNAU
VCIC	-0.16	-0.34	0.09	-0.36	-0.22		0.04	0.15	0.25	-0.06	VCIC
DPCS	0.84	0.17	-0.19	-0.45	0.42	0.04		-0.2	-0.34	0.4	DPCS
PWUPU	-0.08	-0.59	-0.01	0.07	-0.53	0.15	-0.2		0.32	-0.45	PWUPU
PWUPW	-0.35	-0.28	0.08	0.12	-0.49	0.25	-0.34	0.32		-0.45	PWUPW
DTSQ	0.26	0.28	-0.05	-0.2	0.78	-0.06	0.4	-0.45	-0.45		DTSQ
	DIST	VACH	DMYY	YHNAR	YHNAU	VCIC	DPCS	PWUPU	PWUPW	DTSQ

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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

DPCS	+ 0.84	DIST
DTSQ	+ 0.78	YHNAU
YHNAU	+ 0.44	VACH
DPCS	+ 0.42	YHNAU
DTSQ	+ 0.4	DPCS
YHNAU	+ 0.33	DIST

High negative correlations

PWUPU	- 0.59	VACH
PWUPU	- 0.53	YHNAU
PWUPW	- 0.49	YHNAU
DTSQ	- 0.45	PWUPW
DTSQ	- 0.45	PWUPU
DPCS	- 0.45	YHNAR

Risk-Adjusted Indicators

There is a big difference between WinVest Stock performing well and WinVest 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 WinVest 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
DIST	0.16	0.03	(0.14)	0.68	0.00	(0.32)	0.37	(0.18)	2.25
VACH	0.11	0.00	(0.44)	0.31	0.06	(0.18)	0.30	(0.20)	1.09
DMYY	0.22	(0.01)	0.00	(0.75)	0.00	0.00	0.66	(0.84)	2.93
YHNAR	5.11	0.33	0.00	(0.85)	0.00	0.00	18.18	(8.33)	25.87
YHNAU	0.05	0.01	(0.82)	(0.65)	0.00	(0.11)	0.10	(0.10)	0.30
VCIC	0.05	0.01	0.00	(0.37)	0.00	0.00	0.20	(0.10)	0.30
DPCS	0.61	0.14	0.03	0.81	0.75	(1.71)	0.70	(0.55)	17.65
PWUPU	2.32	0.07	0.01	0.21	3.69	(5.24)	7.12	(10.96)	28.56
PWUPW	19.03	1.52	0.10	0.31	17.14	(30.69)	44.20	(30.29)	176.45
DTSQ	0.05	0.00	0.00	0.00	0.00	0.00	0.10	(0.10)	0.50

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