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.
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

  0.68CX Cemex SAB de Aggressive PushPairCorr
  0.67JHX James Hardie IndustriesPairCorr
  0.88CPAC Cementos Pacasmayo SAAPairCorr
  0.81B Barrick Mining Symbol ChangePairCorr
  0.65AA Alcoa CorpPairCorr
  0.93AG First Majestic SilverPairCorr
  0.85AU AngloGold Ashanti plcPairCorr
  0.74CE CelanesePairCorr
  0.75CF CF Industries HoldingsPairCorr
  0.93DC Dakota Gold CorpPairCorr
  0.7DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.74HL Hecla Mining Earnings Call This WeekPairCorr
  0.88IE Ivanhoe ElectricPairCorr
  0.78MP MP Materials Corp Earnings Call This WeekPairCorr
  0.67MT ArcelorMittal SA ADR Earnings Call This WeekPairCorr
  0.68NG NovaGold Resources Downward RallyPairCorr
  0.91OR Osisko Gold RoPairCorr
  0.83RS Reliance Steel AluminumPairCorr
  0.91SA Seabridge GoldPairCorr
  0.74TX Ternium SA ADR Earnings Call This WeekPairCorr
  0.65VAPE Vape Holdings Symbol ChangePairCorr

Moving against Captivision Stock

  0.78KNF Knife RiverPairCorr
  0.65RETO ReTo Eco SolutionsPairCorr
  0.51EXP Eagle Materials Earnings Call This WeekPairCorr
  0.38LOMA Loma Negra CompaniaPairCorr
  0.49HYMCL Hycroft Mining HoldingPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
MLCOBH
SHAKBH
MGMNFBH
DINSHAK
MLCOSHAK
MGMNFSHAK
  
High negative correlations   
IONRSHAK
IONRMGMNF
IONRBH
IONRDIN
IONRMLCO
VMCIONR

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.

Captivision Ordinary Corporate Management