Welsbach Technology Correlations
| WTMAR Stock | USD 0.13 0.00 0.00% |
The current 90-days correlation between Welsbach Technology and Kairous Acquisition Corp is 0.28 (i.e., Modest diversification). The correlation of Welsbach Technology 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.
Welsbach Technology Correlation With Market
Good diversification
The correlation between Welsbach Technology Metals and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Welsbach Technology Metals and DJI in the same portfolio, assuming nothing else is changed.
Welsbach |
Related Correlations Analysis
| -0.4 | -0.12 | 0.13 | -0.26 | KACLR | ||
| -0.4 | 0.53 | 0.1 | 0.59 | WWACW | ||
| -0.12 | 0.53 | 0.27 | 0.69 | VCXAW | ||
| 0.13 | 0.1 | 0.27 | 0.03 | ROSEW | ||
| -0.26 | 0.59 | 0.69 | 0.03 | LIVBW | ||
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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 Welsbach Stock performing well and Welsbach Technology 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 Welsbach Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KACLR | 11.63 | 2.52 | 0.11 | (1.61) | 10.97 | 41.01 | 111.42 | |||
| WWACW | 15.27 | 2.13 | 0.06 | (0.25) | 17.47 | 50.00 | 116.63 | |||
| VCXAW | 6.12 | (0.62) | 0.00 | (0.17) | 0.00 | 14.64 | 62.13 | |||
| ROSEW | 24.91 | 7.13 | 0.22 | (0.66) | 22.11 | 48.24 | 320.11 | |||
| LIVBW | 13.18 | 0.59 | 0.00 | (0.06) | 14.78 | 37.50 | 108.21 |
Welsbach Technology 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 Welsbach Technology stock to make a market-neutral strategy. Peer analysis of Welsbach Technology could also be used in its relative valuation, which is a method of valuing Welsbach Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Welsbach Technology Corporate Management
| Christopher Clower | COO Director | Profile | |
| Sergey Marchenko | VP | Profile | |
| MSc BA | CEO Chairman | Profile | |
| John CPA | Chief Officer | Profile |