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.
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

  0.94DMAA Drugs Made InPairCorr
  0.93VACH Voyager Acquisition CorpPairCorr
  0.91YHNAU YHN Acquisition IPairCorr
  0.7NOEMU CO2 Energy TransitionPairCorr
  0.9VCIC Vine Hill CapitalPairCorr
  0.96DRDB Roman DBDR AcquisitionPairCorr
  0.86DTSQ DT Cloud StarPairCorr
  0.87DYNX Dynamix ClassPairCorr
  0.63MLACU Mountain Lake AcquisitionPairCorr
  0.76BACQR Bleichroeder AcquisitionPairCorr
  0.9BACQU Bleichroeder AcquisitionPairCorr
  0.91WLAC Willow Lane AcquisitionPairCorr
  0.7GDSTW Goldenstone AcquisitionPairCorr
  0.93FGMC FG Merger IIPairCorr
  0.79BAYAR Bayview Acquisition CorpPairCorr
  0.66BAYAU Bayview Acquisition CorpPairCorr
  0.93AAM AA Mission AcquisitionPairCorr
  0.68FACTW FACT II AcquisitionPairCorr
  0.65CEP Cantor Equity Partners,PairCorr
  0.94CUB Lionheart HoldingsPairCorr
  0.93EQV EQV Ventures AcquisitionPairCorr
  0.88FVN Future Vision IIPairCorr
  0.83FSHPU Flag Ship AcquisitionPairCorr
  0.94GRAF Graf Global CorpPairCorr
  0.88GSRT GSR III AcquisitionPairCorr
  0.88YHNA YHN Acquisition IPairCorr

Moving against Centurion Stock

  0.32GDSTU Goldenstone AcquisitionPairCorr
  0.45FSHPR Flag Ship AcquisitionPairCorr

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   
HOFTONL
ADUSHMST
HOFTHMST
ONLHMST
RSVRHMST
ADUSHOFT
  
High negative correlations   
KUKEHOFT
ADUSPLTK
KUKEHMST
PLTKHMST
KUKERSVR
KUKEADUS

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.

Centurion Acquisition Corporate Management

John IIChief CoFounderProfile
Louis CPAInterim OfficerProfile
Ronald SpearsChief OfficerProfile
James LeeChairman CEOProfile