Centurion Acquisition Correlations
ALF Stock | USD 10.55 0.05 0.48% |
The current 90-days correlation between Centurion Acquisition and HomeStreet is 0.06 (i.e., Significant diversification). The correlation of Centurion 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.
Centurion Acquisition Correlation With Market
Average diversification
The correlation between Centurion Acquisition Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Centurion Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Centurion Stock
0.94 | DMAA | Drugs Made In | PairCorr |
0.93 | VACH | Voyager Acquisition Corp | PairCorr |
0.91 | YHNAU | YHN Acquisition I | PairCorr |
0.7 | NOEMU | CO2 Energy Transition | PairCorr |
0.9 | VCIC | Vine Hill Capital | PairCorr |
0.96 | DRDB | Roman DBDR Acquisition | PairCorr |
0.86 | DTSQ | DT Cloud Star | PairCorr |
0.87 | DYNX | Dynamix Class | PairCorr |
0.63 | MLACU | Mountain Lake Acquisition | PairCorr |
0.76 | BACQR | Bleichroeder Acquisition | PairCorr |
0.9 | BACQU | Bleichroeder Acquisition | PairCorr |
0.91 | WLAC | Willow Lane Acquisition | PairCorr |
0.7 | GDSTW | Goldenstone Acquisition | PairCorr |
0.93 | FGMC | FG Merger II | PairCorr |
0.79 | BAYAR | Bayview Acquisition Corp | PairCorr |
0.66 | BAYAU | Bayview Acquisition Corp | PairCorr |
0.93 | AAM | AA Mission Acquisition | PairCorr |
0.68 | FACTW | FACT II Acquisition | PairCorr |
0.65 | CEP | Cantor Equity Partners, | PairCorr |
0.94 | CUB | Lionheart Holdings | PairCorr |
0.93 | EQV | EQV Ventures Acquisition | PairCorr |
0.88 | FVN | Future Vision II | PairCorr |
0.83 | FSHPU | Flag Ship Acquisition | PairCorr |
0.94 | GRAF | Graf Global Corp | PairCorr |
0.88 | GSRT | GSR III Acquisition | PairCorr |
0.88 | YHNA | YHN Acquisition I | PairCorr |
Moving against Centurion Stock
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 Centurion Stock performing well and Centurion 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 Centurion 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
HMST | 1.73 | 0.04 | 0.01 | 0.12 | 2.36 | 3.87 | 11.28 | |||
PLTK | 2.01 | (0.12) | 0.00 | (0.04) | 0.00 | 4.62 | 16.32 | |||
SPMMF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
ONL | 3.68 | 0.26 | 0.05 | 0.27 | 4.92 | 6.86 | 28.80 | |||
HOFT | 3.74 | 0.17 | 0.04 | 0.25 | 4.56 | 11.74 | 25.45 | |||
RSVR | 1.64 | 0.02 | 0.00 | 0.10 | 2.07 | 3.20 | 12.77 | |||
ADUS | 1.36 | 0.15 | 0.06 | 0.45 | 1.64 | 3.09 | 9.36 | |||
KUKE | 2.49 | 0.15 | 0.01 | (0.22) | 2.93 | 7.38 | 29.89 |