Captivision Ordinary Correlations

CAPT Stock

0.89 0.04 4.47%

The current 90-days correlation between Captivision Ordinary and Elong Power Holding is -0.03 (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

Good diversification

The correlation between Captivision Ordinary Shares and DJI is -0.03 (i.e., Good 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 producer price index.

Moving together with Captivision Stock

0.72	NX	Quanex Building Products	Pair Corr
0.83	OC	Owens Corning	Pair Corr
0.7	GWA	GWA Group	Pair Corr
0.66	300986	Jiangxi GETO New	Pair Corr
0.86	FBIN	Fortune Brands Innov	Pair Corr
0.89	APOLLOPIPE	Apollo Pipes Limited	Pair Corr
0.74	AOS	Smith AO	Pair Corr
0.7	CSW	CSW Industrials, Symbol Change	Pair Corr
0.85	LII	Lennox International	Pair Corr
0.85	MAS	Masco	Pair Corr
0.81	NCL	Northann Corp	Pair Corr
0.77	SSD	Simpson Manufacturing	Pair Corr
0.7	IIIN	Insteel Industries	Pair Corr
0.65	EMB	Embelton	Pair Corr
0.79	JCTC	Jewett Cameron Trading	Pair Corr

Moving against Captivision Stock

0.78	002918	Monalisa Group	Pair Corr
0.72	JCI	Johnson Controls Int	Pair Corr
0.61	CNR	Core Natural Resources, Symbol Change	Pair Corr
0.46	TT	Trane Technologies plc	Pair Corr
0.71	603828	Suzhou Kelida Bldg	Pair Corr
0.61	ZWS	Zurn Elkay Water	Pair Corr
0.6	002084	Guangzhou Seagull Kitchen	Pair Corr
0.49	NXR	Norcros Plc Earnings Call This Week	Pair Corr
0.33	600202	Harbin Air Conditioning	Pair Corr

Related Correlations Analysis

	ELPW	AQMS	GTEC	WFF	CJMB	GFAI	HCAI	SBCWW	TOMZ	HYFM
ELPW		-0.19	0.14	0.28	0.24	0.24	0.04	0.23	0.12	0.49	ELPW
AQMS	-0.19		-0.31	-0.36	-0.56	-0.2	-0.29	0.06	0.2	-0.41	AQMS
GTEC	0.14	-0.31		0.77	0.78	0.85	0.52	0.04	0.19	0.6	GTEC
WFF	0.28	-0.36	0.77		0.84	0.84	0.65	0.22	0.05	0.73	WFF
CJMB	0.24	-0.56	0.78	0.84		0.76	0.53	-0.03	0.03	0.68	CJMB
GFAI	0.24	-0.2	0.85	0.84	0.76		0.48	0.06	0.31	0.59	GFAI
HCAI	0.04	-0.29	0.52	0.65	0.53	0.48		0.2	-0.21	0.34	HCAI
SBCWW	0.23	0.06	0.04	0.22	-0.03	0.06	0.2		-0.28	0.29	SBCWW
TOMZ	0.12	0.2	0.19	0.05	0.03	0.31	-0.21	-0.28		-0.22	TOMZ
HYFM	0.49	-0.41	0.6	0.73	0.68	0.59	0.34	0.29	-0.22		HYFM
	ELPW	AQMS	GTEC	WFF	CJMB	GFAI	HCAI	SBCWW	TOMZ	HYFM

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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

GFAI	+ 0.85	GTEC
CJMB	+ 0.84	WFF
GFAI	+ 0.84	WFF
CJMB	+ 0.78	GTEC
WFF	+ 0.77	GTEC
GFAI	+ 0.76	CJMB

High negative correlations

CJMB	- 0.56	AQMS
HYFM	- 0.41	AQMS
WFF	- 0.36	AQMS
GTEC	- 0.31	AQMS
HCAI	- 0.29	AQMS
TOMZ	- 0.28	SBCWW

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
ELPW	7.36	(2.47)	0.00	(0.78)	0.00	0.00	11.11	(17.31)	94.46
AQMS	14.16	2.88	0.30	0.61	10.69	(23.71)	44.94	(16.18)	251.83
GTEC	3.07	(0.48)	0.00	(0.07)	0.00	0.00	7.53	(7.27)	16.58
WFF	3.39	(0.89)	0.00	(0.24)	0.00	0.00	5.95	(7.41)	32.01
CJMB	2.32	(0.28)	0.00	2.09	0.00	0.00	5.61	(4.89)	16.27
GFAI	2.94	(0.70)	0.00	(0.09)	0.00	0.00	6.61	(6.59)	19.30
HCAI	4.07	(0.36)	0.00	(0.14)	0.00	0.00	10.81	(11.29)	38.45
SBCWW	8.40	(0.04)	0.00	0.15	0.00	0.00	20.00	(17.39)	75.93
TOMZ	3.00	(0.24)	0.00	(0.17)	0.00	0.00	7.69	(6.42)	29.04
HYFM	3.92	(1.00)	0.00	0.97	0.00	0.00	9.24	(9.17)	34.82

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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