Andretti Acquisition Correlations

Summary

WNNRDelisted Stock

USD 10.60 0.02 0.19%

The current 90-days correlation between Andretti Acquisition Corp and IX Acquisition Corp is 0.12 (i.e., Average diversification). The correlation of Andretti 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.

Andretti Acquisition Correlation With Market

Good diversification

The correlation between Andretti Acquisition Corp and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Andretti 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. 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 together with Andretti Stock

0.77	SSNLF	Samsung Electronics	Pair Corr
0.81	PTAIF	PT Astra International	Pair Corr
0.63	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.69	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.67	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.76	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.63	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Andretti Stock

0.81	EC	Ecopetrol SA ADR	Pair Corr
0.79	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.61	PKX	POSCO Holdings	Pair Corr
0.59	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.43	PTAIY	Astra International Tbk	Pair Corr
0.34	PUTKY	United Tractors Tbk	Pair Corr
0.34	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	IXAQ	OXACW	SNRH	NRAC	FICV	CCVI	CCV	CPUH
IXAQ		-0.64	-0.15	0.19	0.22	0.52	0.32	0.69	IXAQ
OXACW	-0.64		0.42	-0.35	-0.39	-0.67	-0.53	-0.73	OXACW
SNRH	-0.15	0.42		0.22	0.15	0.08	0.11	0.04	SNRH
NRAC	0.19	-0.35	0.22		0.78	0.84	0.92	0.7	NRAC
FICV	0.22	-0.39	0.15	0.78		0.74	0.83	0.67	FICV
CCVI	0.52	-0.67	0.08	0.84	0.74		0.91	0.91	CCVI
CCV	0.32	-0.53	0.11	0.92	0.83	0.91		0.81	CCV
CPUH	0.69	-0.73	0.04	0.7	0.67	0.91	0.81		CPUH
	IXAQ	OXACW	SNRH	NRAC	FICV	CCVI	CCV	CPUH

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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

CCV	+ 0.92	NRAC
CCV	+ 0.91	CCVI
CPUH	+ 0.91	CCVI
CCVI	+ 0.84	NRAC
CCV	+ 0.83	FICV
CPUH	+ 0.81	CCV

High negative correlations

CPUH	- 0.73	OXACW
CCVI	- 0.67	OXACW
OXACW	- 0.64	IXAQ
CCV	- 0.53	OXACW
FICV	- 0.39	OXACW
NRAC	- 0.35	OXACW

Risk-Adjusted Indicators

There is a big difference between Andretti Stock performing well and Andretti 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 Andretti 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
IXAQ	0.26	0.03	(0.08)	(0.13)	0.44	(0.79)	0.61	(0.52)	7.14
OXACW	6.19	0.72	0.06	2.73	6.95	(9.54)	22.15	(12.75)	48.82
SNRH	0.11	0.00	(0.38)	(1.00)	0.04	(0.27)	0.30	(0.30)	1.00
NRAC	0.12	0.05	0.00	(1.21)	0.00	0.00	0.48	0.00	1.84
FICV	0.23	0.04	(0.09)	(0.29)	0.36	(0.52)	0.58	(0.29)	6.08
CCVI	0.13	0.02	(0.30)	(3.90)	0.00	(0.22)	0.29	(0.20)	1.54
CCV	0.11	0.01	(0.56)	0.59	0.00	(0.17)	0.30	(0.20)	0.78
CPUH	0.13	0.03	(0.40)	3.26	0.00	(0.19)	0.38	(0.28)	0.94

Delisting Warning - WNNR

Andretti Acquisition Corp was delisted

The entity Andretti Acquisition Corp with a symbol WNNR was delisted from New York Stock Exchange. Please try Zapata Computing Holdings with a symbol ZPTA from now on. Check all delisted instruments accross multiple markets.

Still Interested in Andretti Acquisition Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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