WinVest Acquisition Correlations
WINVU Stock | USD 11.26 0.00 0.00% |
The current 90-days correlation between WinVest Acquisition Corp and WinVest Acquisition Corp is 0.01 (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 -0.04 (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.
WinVest |
Moving together with WinVest Stock
Moving against WinVest Stock
0.84 | NOVVU | Nova Vision Acquisition | PairCorr |
0.57 | DSAQ | Direct Selling Acqui | PairCorr |
0.48 | DYCQ | DT Cloud Acquisition | PairCorr |
0.44 | DIST | Distoken Acquisition | PairCorr |
0.33 | HHGCU | HHG Capital Corp | PairCorr |
0.69 | GDSTU | Goldenstone Acquisition | PairCorr |
0.66 | DISTR | Distoken Acquisition | PairCorr |
0.58 | EVGR | Evergreen Corp | PairCorr |
0.56 | ANSCW | Agriculture Natural | PairCorr |
0.56 | WAVSU | Western Acquisition | PairCorr |
0.55 | WINV | WinVest Acquisition Corp | PairCorr |
0.55 | OCAXU | OCA Acquisition Corp | PairCorr |
0.55 | FHLT | Future Health Esg | PairCorr |
0.54 | NPABU | New Providence Acqui | PairCorr |
0.53 | WAVS | Western Acquisition | PairCorr |
0.52 | OCAXW | OCA Acquisition Corp | PairCorr |
0.46 | FRLAU | Fortune Rise Acquisition | PairCorr |
0.4 | ESHA | ESH Acquisition Corp | PairCorr |
0.37 | WAVSW | WESTERN ACQUISITION | 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
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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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WINV | 0.39 | 0.03 | (0.04) | (0.22) | 0.68 | 1.65 | 6.31 | |||
SLVRU | 0.39 | 0.04 | (0.04) | (0.04) | 0.81 | 0.77 | 9.71 | |||
WWACU | 0.78 | 0.04 | (0.02) | (0.11) | 1.56 | 2.30 | 15.50 | |||
HCVIU | 0.81 | 0.03 | (0.02) | (0.05) | 1.70 | 2.87 | 18.91 | |||
ZTAQU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |