Captivision Ordinary Correlations

CAPT Stock

1.51 0.02 1.34%

The current 90-days correlation between Captivision Ordinary and Biglari Holdings is -0.08 (i.e., Good diversification). The correlation of Captivision Ordinary 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.

Captivision Ordinary Correlation With Market

Significant diversification

The correlation between Captivision Ordinary Shares and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Captivision Ordinary Shares and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Captivision Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Captivision Ordinary Shares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Captivision Stock

0.68	CX	Cemex SAB de Aggressive Push	Pair Corr
0.67	JHX	James Hardie Industries	Pair Corr
0.88	CPAC	Cementos Pacasmayo SAA	Pair Corr
0.81	B	Barrick Mining Symbol Change	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.93	AG	First Majestic Silver	Pair Corr
0.85	AU	AngloGold Ashanti plc	Pair Corr
0.74	CE	Celanese	Pair Corr
0.75	CF	CF Industries Holdings	Pair Corr
0.93	DC	Dakota Gold Corp	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.74	HL	Hecla Mining Earnings Call This Week	Pair Corr
0.88	IE	Ivanhoe Electric	Pair Corr
0.78	MP	MP Materials Corp Earnings Call This Week	Pair Corr
0.67	MT	ArcelorMittal SA ADR Earnings Call This Week	Pair Corr
0.68	NG	NovaGold Resources Downward Rally	Pair Corr
0.91	OR	Osisko Gold Ro	Pair Corr
0.83	RS	Reliance Steel Aluminum	Pair Corr
0.91	SA	Seabridge Gold	Pair Corr
0.74	TX	Ternium SA ADR Earnings Call This Week	Pair Corr
0.65	VAPE	Vape Holdings Symbol Change	Pair Corr

Moving against Captivision Stock

0.78	KNF	Knife River	Pair Corr
0.65	RETO	ReTo Eco Solutions	Pair Corr
0.51	EXP	Eagle Materials Earnings Call This Week	Pair Corr
0.38	LOMA	Loma Negra Compania	Pair Corr
0.49	HYMCL	Hycroft Mining Holding	Pair Corr

Related Correlations Analysis

	BH	SHAK	DIN	MGMNF	MLCO	IONR	VMC	TTAM
BH		0.87	0.7	0.86	0.9	-0.72	0.31	0.16	BH
SHAK	0.87		0.86	0.8	0.82	-0.74	0.52	0.31	SHAK
DIN	0.7	0.86		0.76	0.57	-0.7	0.4	0.11	DIN
MGMNF	0.86	0.8	0.76		0.71	-0.73	0.15	-0.01	MGMNF
MLCO	0.9	0.82	0.57	0.71		-0.54	0.43	0.32	MLCO
IONR	-0.72	-0.74	-0.7	-0.73	-0.54		-0.14	0.24	IONR
VMC	0.31	0.52	0.4	0.15	0.43	-0.14		0.6	VMC
TTAM	0.16	0.31	0.11	-0.01	0.32	0.24	0.6		TTAM
	BH	SHAK	DIN	MGMNF	MLCO	IONR	VMC	TTAM

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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

MLCO	+ 0.9	BH
SHAK	+ 0.87	BH
MGMNF	+ 0.86	BH
DIN	+ 0.86	SHAK
MLCO	+ 0.82	SHAK
MGMNF	+ 0.8	SHAK

High negative correlations

IONR	- 0.74	SHAK
IONR	- 0.73	MGMNF
IONR	- 0.72	BH
IONR	- 0.7	DIN
IONR	- 0.54	MLCO
VMC	- 0.14	IONR

Risk-Adjusted Indicators

There is a big difference between Captivision Stock performing well and Captivision Ordinary 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 Captivision Ordinary'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
BH	1.48	0.50	0.27	1.24	1.07	(1.86)	3.97	(2.22)	8.63
SHAK	1.65	0.48	0.37	0.54	0.96	(2.05)	3.49	(2.09)	11.41
DIN	2.30	0.20	0.10	0.38	1.89	(2.78)	5.95	(3.17)	16.06
MGMNF	2.05	0.39	0.10	1.58	1.91	(2.64)	4.76	(3.64)	13.37
MLCO	1.91	1.06	0.45	(5.41)	1.03	(2.46)	5.07	(2.63)	12.73
IONR	2.58	0.06	0.00	0.07	0.00	0.00	6.74	(5.71)	15.06
VMC	1.09	(0.04)	(0.03)	0.17	1.34	(1.17)	2.03	(2.82)	10.64
TTAM	1.89	0.35	0.07	(13.27)	1.76	(2.21)	4.63	(3.34)	11.76

Captivision Ordinary Corporate Management

Anthony Page	Chief Officer	Profile
Ryan Littman	Chief Officer	Profile
Anthony CFA	Chief Officer	Profile
Alexander Marcinkowski	Senior Markets	Profile

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