Webull Incentive Correlations

Summary

BULLZDelisted Stock

1.87 1.05 128.05%

The current 90-days correlation between Webull Incentive and Sea is 0.17 (i.e., Average diversification). The correlation of Webull Incentive 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.

Webull Incentive Correlation With Market

Good diversification

The correlation between Webull Incentive and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Webull Incentive and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 Webull Stock

0.66	DSGX	Descartes Systems	Pair Corr
0.71	DUOL	Duolingo	Pair Corr

Moving against Webull Stock

0.64	YB	Yuanbao American Dep	Pair Corr
0.63	VS	Versus Systems	Pair Corr
0.46	AMODW	Alpha Modus Holdings, Symbol Change	Pair Corr
0.37	DV	DoubleVerify Holdings	Pair Corr
0.36	U	Unity Software Aggressive Push	Pair Corr
0.35	QH	Quhuo Tech Boost	Pair Corr
0.34	AZ	A2Z Smart Technologies	Pair Corr
0.61	EGHT	8x8 Common Stock	Pair Corr
0.57	CYN	Cyngn Inc	Pair Corr
0.48	DBD	Diebold Nixdorf,	Pair Corr
0.47	BSY	Bentley Systems	Pair Corr
0.46	DHX	DHI Group	Pair Corr
0.45	ELWS	Earlyworks Co,	Pair Corr
0.43	EGAN	eGain	Pair Corr

Related Correlations Analysis

	SE	BCE	IPCXU	NXPL	ALDF	WB	GFF	CAPNU
SE		0.13	0.07	0.62	0.88	0.76	0.33	0.22	SE
BCE	0.13		0.52	0.71	0.38	0.61	0.74	-0.44	BCE
IPCXU	0.07	0.52		0.56	0.35	0.48	0.31	-0.7	IPCXU
NXPL	0.62	0.71	0.56		0.81	0.92	0.72	-0.37	NXPL
ALDF	0.88	0.38	0.35	0.81		0.89	0.48	-0.02	ALDF
WB	0.76	0.61	0.48	0.92	0.89		0.57	-0.27	WB
GFF	0.33	0.74	0.31	0.72	0.48	0.57		-0.22	GFF
CAPNU	0.22	-0.44	-0.7	-0.37	-0.02	-0.27	-0.22		CAPNU
	SE	BCE	IPCXU	NXPL	ALDF	WB	GFF	CAPNU

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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

WB	+ 0.92	NXPL
WB	+ 0.89	ALDF
ALDF	+ 0.88	SE
ALDF	+ 0.81	NXPL
WB	+ 0.76	SE
GFF	+ 0.74	BCE

High negative correlations

CAPNU	- 0.7	IPCXU
CAPNU	- 0.44	BCE
CAPNU	- 0.37	NXPL
CAPNU	- 0.27	WB
CAPNU	- 0.22	GFF
CAPNU	- 0.02	ALDF

Risk-Adjusted Indicators

There is a big difference between Webull Stock performing well and Webull Incentive 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 Webull Incentive'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
SE	1.76	0.51	0.18	1.62	1.79	(1.90)	3.58	(3.67)	14.10
BCE	1.15	0.17	0.02	(1.84)	1.19	(1.35)	2.19	(1.87)	7.86
IPCXU	0.32	0.08	(0.13)	(2.88)	0.13	(0.46)	0.86	(0.67)	2.91
NXPL	3.66	0.51	0.12	0.61	3.52	(4.68)	9.59	(5.88)	22.93
ALDF	0.19	0.04	(0.34)	3.63	0.00	(0.28)	0.48	(0.38)	1.54
WB	1.45	0.43	0.25	2.72	0.93	(1.87)	4.28	(1.83)	9.01
GFF	1.55	(0.07)	0.01	0.09	1.87	(1.61)	3.12	(3.31)	10.17
CAPNU	0.26	(0.01)	0.00	(0.32)	0.00	0.00	0.00	0.00	16.03

Webull Incentive 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 Webull Incentive stock to make a market-neutral strategy. Peer analysis of Webull Incentive could also be used in its relative valuation, which is a method of valuing Webull Incentive by comparing valuation metrics with similar companies.

Sea BCE Inc Inflection Point Acquisition Nextplat Corp Aldel Financial II Weibo Corp Griffon Cayson Acquisition Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Webull Incentive?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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