Centurion Acquisition Correlations

ALF Stock

USD 10.52 0.02 0.19%

The current 90-days correlation between Centurion Acquisition and Voyager Acquisition Corp is 0.01 (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

Significant diversification

The correlation between Centurion Acquisition Corp and DJI is 0.09 (i.e., Significant 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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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

0.88	DMAA	Drugs Made In	Pair Corr
0.89	VACH	Voyager Acquisition Corp	Pair Corr
0.86	YHNAU	YHN Acquisition I	Pair Corr
0.83	VCIC	Vine Hill Capital	Pair Corr
0.93	DRDB	Roman DBDR Acquisition	Pair Corr
0.81	DTSQ	DT Cloud Star	Pair Corr
0.86	DYNX	Dynamix Class	Pair Corr
0.79	BACQR	Bleichroeder Acquisition	Pair Corr
0.87	BACQU	Bleichroeder Acquisition	Pair Corr
0.82	DISTR	Distoken Acquisition	Pair Corr
0.89	WLAC	Willow Lane Acquisition	Pair Corr
0.72	GDSTW	Goldenstone Acquisition	Pair Corr
0.65	FERA	Fifth Era Acquisition	Pair Corr
0.9	FGMC	FG Merger II	Pair Corr
0.73	BAYAR	Bayview Acquisition Corp	Pair Corr
0.66	BAYAU	Bayview Acquisition Corp	Pair Corr
0.9	AAM	AA Mission Acquisition	Pair Corr
0.63	FACTW	FACT II Acquisition	Pair Corr
0.92	CUB	Lionheart Holdings	Pair Corr
0.92	EQV	EQV Ventures Acquisition	Pair Corr
0.86	FVN	Future Vision II	Pair Corr
0.69	FSHPU	Flag Ship Acquisition	Pair Corr

Moving against Centurion Stock

0.46

FSHPR

Flag Ship Acquisition

Pair Corr

Related Correlations Analysis

	DMAA	VACH	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC	DRDB	DTSQ
DMAA		0.97	0.26	0.9	0.02	0.79	0.25	0.94	0.85	0.73	DMAA
VACH	0.97		0.26	0.89	0.04	0.75	0.28	0.94	0.87	0.74	VACH
YHNAR	0.26	0.26		0.11	-0.38	0.56	0.13	0.24	-0.03	0.03	YHNAR
YHNAU	0.9	0.89	0.11		0.09	0.69	0.11	0.85	0.83	0.64	YHNAU
NOEMR	0.02	0.04	-0.38	0.09		-0.24	0.0	0.14	0.28	0.26	NOEMR
NOEMU	0.79	0.75	0.56	0.69	-0.24		0.18	0.72	0.44	0.47	NOEMU
NOEMW	0.25	0.28	0.13	0.11	0.0	0.18		0.27	0.18	0.36	NOEMW
VCIC	0.94	0.94	0.24	0.85	0.14	0.72	0.27		0.82	0.7	VCIC
DRDB	0.85	0.87	-0.03	0.83	0.28	0.44	0.18	0.82		0.8	DRDB
DTSQ	0.73	0.74	0.03	0.64	0.26	0.47	0.36	0.7	0.8		DTSQ
	DMAA	VACH	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC	DRDB	DTSQ

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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

VACH	+ 0.97	DMAA
VCIC	+ 0.94	DMAA
VCIC	+ 0.94	VACH
YHNAU	+ 0.9	DMAA
YHNAU	+ 0.89	VACH
DRDB	+ 0.87	VACH

High negative correlations

NOEMR	- 0.38	YHNAR
NOEMU	- 0.24	NOEMR
DRDB	- 0.03	YHNAR
NOEMW	- 0.0	NOEMR

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
DMAA	0.08	0.02	(0.88)	(1.22)	0.00	(0.15)	0.20	(0.10)	0.69
VACH	0.08	0.02	(0.89)	1.04	0.00	(0.17)	0.19	(0.10)	0.68
YHNAR	8.04	(0.27)	0.01	0.07	9.89	(15.06)	21.43	(20.00)	54.30
YHNAU	0.06	0.02	0.00	(1.23)	0.00	0.00	0.00	0.00	0.97
NOEMR	9.89	1.08	0.07	0.43	10.99	(19.68)	31.58	(20.00)	106.67
NOEMU	0.17	0.04	0.00	(28.59)	0.00	0.00	0.85	(0.19)	2.36
NOEMW	7.29	1.46	0.06	(0.35)	8.17	(17.09)	21.95	(18.00)	83.64
VCIC	0.10	0.02	(0.48)	4.79	0.00	(0.22)	0.29	(0.19)	1.56
DRDB	0.14	0.03	(0.56)	1.46	0.00	(0.20)	0.39	(0.29)	0.88
DTSQ	0.08	0.01	0.00	2.11	0.00	0.00	0.19	(0.19)	2.12

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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