WINVEST ACQUISITION Correlations

The current 90-days correlation between WINVEST ACQUISITION and XPAC Acquisition Corp is -0.1 (i.e., Good 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

Significant diversification

The correlation between WINVEST ACQUISITION P and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WINVEST ACQUISITION P and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against WINVEST Stock

0.58	DUET	DUET Acquisition Corp	Pair Corr
0.51	DIST	Distoken Acquisition	Pair Corr
0.49	ROCLW	Roth CH Acquisition	Pair Corr
0.45	YHNAU	YHN Acquisition I	Pair Corr
0.41	DSAQ	Direct Selling Acqui	Pair Corr
0.39	DPCS	DP Cap Acquisition	Pair Corr
0.34	TETEU	Technology Telecommunicatio	Pair Corr
0.33	DTSQ	DT Cloud Star	Pair Corr
0.31	DYCQ	DT Cloud Acquisition	Pair Corr
0.5	WTMA	Welsbach Technology	Pair Corr
0.42	EMCG	Embrace Change Acqui	Pair Corr
0.39	FRLAU	Fortune Rise Acquisition	Pair Corr
0.35	ESHA	ESH Acquisition Corp	Pair Corr
0.31	WAVSU	Western Acquisition	Pair Corr

Related Correlations Analysis

	XPAXW	WINV	WALDW	XOSWW	UPTDW
XPAXW		-0.29	0.57	0.26	0.0	XPAXW
WINV	-0.29		-0.21	-0.23	0.54	WINV
WALDW	0.57	-0.21		0.39	-0.09	WALDW
XOSWW	0.26	-0.23	0.39		-0.3	XOSWW
UPTDW	0.0	0.54	-0.09	-0.3		UPTDW
	XPAXW	WINV	WALDW	XOSWW	UPTDW

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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

WALDW	+ 0.57	XPAXW
UPTDW	+ 0.54	WINV
XOSWW	+ 0.39	WALDW
XOSWW	+ 0.26	XPAXW
UPTDW	+ 0.0	XPAXW

High negative correlations

UPTDW	- 0.3	XOSWW
WINV	- 0.29	XPAXW
XOSWW	- 0.23	WINV
WALDW	- 0.21	WINV
UPTDW	- 0.09	WALDW
UPTDW	- 0.0	XPAXW

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
XPAXW	51.43	19.57	0.51	3.12	26.00	(79.67)	90.00	(62.22)	857.76
WINV	0.41	0.01	(0.04)	0.18	0.67	(1.55)	1.65	(0.94)	6.31
WALDW	8.85	1.52	0.06	(0.51)	10.05	(20.69)	27.27	(21.43)	136.36
XOSWW	9.03	(1.67)	0.00	1.75	0.00	0.00	20.00	(25.08)	87.23
UPTDW	25.02	8.07	0.31	(2.76)	19.72	(34.07)	95.12	(40.29)	194.94

WINVEST ACQUISITION Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with WINVEST ACQUISITION stock to make a market-neutral strategy. Peer analysis of WINVEST ACQUISITION could also be used in its relative valuation, which is a method of valuing WINVEST ACQUISITION by comparing valuation metrics with similar companies.

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