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.

Build AI portfolio with Centurion Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centurion Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Centurion Stock

0.94	DMAA	Drugs Made In	Pair Corr
0.93	VACH	Voyager Acquisition Corp	Pair Corr
0.91	YHNAU	YHN Acquisition I	Pair Corr
0.7	NOEMU	CO2 Energy Transition	Pair Corr
0.9	VCIC	Vine Hill Capital	Pair Corr
0.96	DRDB	Roman DBDR Acquisition	Pair Corr
0.86	DTSQ	DT Cloud Star	Pair Corr
0.87	DYNX	Dynamix Class	Pair Corr
0.63	MLACU	Mountain Lake Acquisition	Pair Corr
0.76	BACQR	Bleichroeder Acquisition	Pair Corr
0.9	BACQU	Bleichroeder Acquisition	Pair Corr
0.91	WLAC	Willow Lane Acquisition	Pair Corr
0.7	GDSTW	Goldenstone Acquisition	Pair Corr
0.93	FGMC	FG Merger II	Pair Corr
0.79	BAYAR	Bayview Acquisition Corp	Pair Corr
0.66	BAYAU	Bayview Acquisition Corp	Pair Corr
0.93	AAM	AA Mission Acquisition	Pair Corr
0.68	FACTW	FACT II Acquisition	Pair Corr
0.65	CEP	Cantor Equity Partners,	Pair Corr
0.94	CUB	Lionheart Holdings	Pair Corr
0.93	EQV	EQV Ventures Acquisition	Pair Corr
0.88	FVN	Future Vision II	Pair Corr
0.83	FSHPU	Flag Ship Acquisition	Pair Corr
0.94	GRAF	Graf Global Corp	Pair Corr
0.88	GSRT	GSR III Acquisition	Pair Corr
0.88	YHNA	YHN Acquisition I	Pair Corr

Moving against Centurion Stock

0.32	GDSTU	Goldenstone Acquisition	Pair Corr
0.45	FSHPR	Flag Ship Acquisition	Pair Corr

Related Correlations Analysis

	HMST	PLTK	SPMMF	ONL	HOFT	RSVR	ADUS	KUKE
HMST		-0.23	0.0	0.78	0.82	0.77	0.83	-0.25	HMST
PLTK	-0.23		0.0	0.08	-0.15	-0.09	-0.34	0.53	PLTK
SPMMF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SPMMF
ONL	0.78	0.08	0.0		0.85	0.66	0.65	-0.18	ONL
HOFT	0.82	-0.15	0.0	0.85		0.65	0.69	-0.34	HOFT
RSVR	0.77	-0.09	0.0	0.66	0.65		0.64	-0.22	RSVR
ADUS	0.83	-0.34	0.0	0.65	0.69	0.64		-0.21	ADUS
KUKE	-0.25	0.53	0.0	-0.18	-0.34	-0.22	-0.21		KUKE
	HMST	PLTK	SPMMF	ONL	HOFT	RSVR	ADUS	KUKE

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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

HOFT	+ 0.85	ONL
ADUS	+ 0.83	HMST
HOFT	+ 0.82	HMST
ONL	+ 0.78	HMST
RSVR	+ 0.77	HMST
ADUS	+ 0.69	HOFT

High negative correlations

KUKE	- 0.34	HOFT
ADUS	- 0.34	PLTK
KUKE	- 0.25	HMST
PLTK	- 0.23	HMST
KUKE	- 0.22	RSVR
KUKE	- 0.21	ADUS

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	(2.01)	3.87	(2.85)	11.28
PLTK	2.01	(0.12)	0.00	(0.04)	0.00	0.00	4.62	(3.87)	16.32
SPMMF	0.00	0.00	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	(3.74)	6.86	(8.41)	28.80
HOFT	3.74	0.17	0.04	0.25	4.56	(4.10)	11.74	(8.32)	25.45
RSVR	1.64	0.02	0.00	0.10	2.07	(1.68)	3.20	(3.51)	12.77
ADUS	1.36	0.15	0.06	0.45	1.64	(1.40)	3.09	(2.87)	9.36
KUKE	2.49	0.15	0.01	(0.22)	2.93	(3.17)	7.38	(4.17)	29.89

Centurion Acquisition Corporate Management

John II	Chief CoFounder	Profile
Louis CPA	Interim Officer	Profile
Ronald Spears	Chief Officer	Profile
James Lee	Chairman CEO	Profile

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