Cartesian Growth Correlations

CGCT Stock

10.30 0.01 0.1%

The current 90-days correlation between Cartesian Growth and Artius II Acquisition is -0.22 (i.e., Very good diversification). The correlation of Cartesian Growth 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.

Cartesian Growth Correlation With Market

Poor diversification

The correlation between Cartesian Growth and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cartesian Growth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cartesian Stock

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

For more information on how to buy Cartesian Stock please use our How to Invest in Cartesian Growth guide.

Moving together with Cartesian Stock

0.62	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.69	GE	GE Aerospace	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against Cartesian Stock

0.49	T	ATT Inc Earnings Call This Week	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.44	VZ	Verizon Communications Earnings Call Tomorrow	Pair Corr
0.33	BKLRF	Berkeley Energy	Pair Corr

Related Correlations Analysis

	AACB	PMTR	GRAF	POLE	LEGT	SOUL	MBAV	RAAQ
AACB		0.06	0.49	-0.1	-0.05	-0.15	0.46	-0.03	AACB
PMTR	0.06		-0.1	0.64	0.14	0.28	-0.29	0.47	PMTR
GRAF	0.49	-0.1		-0.22	-0.05	-0.33	0.55	-0.45	GRAF
POLE	-0.1	0.64	-0.22		0.15	0.36	-0.18	0.52	POLE
LEGT	-0.05	0.14	-0.05	0.15		0.48	-0.24	0.32	LEGT
SOUL	-0.15	0.28	-0.33	0.36	0.48		-0.52	0.71	SOUL
MBAV	0.46	-0.29	0.55	-0.18	-0.24	-0.52		-0.53	MBAV
RAAQ	-0.03	0.47	-0.45	0.52	0.32	0.71	-0.53		RAAQ
	AACB	PMTR	GRAF	POLE	LEGT	SOUL	MBAV	RAAQ

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

RAAQ	+ 0.71	SOUL
POLE	+ 0.64	PMTR
MBAV	+ 0.55	GRAF
RAAQ	+ 0.52	POLE
GRAF	+ 0.49	AACB
SOUL	+ 0.48	LEGT

High negative correlations

RAAQ	- 0.53	MBAV
MBAV	- 0.52	SOUL
RAAQ	- 0.45	GRAF
SOUL	- 0.33	GRAF
MBAV	- 0.29	PMTR
MBAV	- 0.24	LEGT

Risk-Adjusted Indicators

There is a big difference between Cartesian Stock performing well and Cartesian Growth 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 Cartesian Growth'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
AACB	0.07	0.02	(0.24)	3.10	0.00	(0.14)	0.19	(0.10)	0.39
PMTR	0.25	(0.04)	0.00	(0.24)	0.00	0.00	0.49	(0.68)	1.93
GRAF	0.22	0.00	(0.11)	0.00	0.30	(0.30)	0.47	(0.47)	2.60
POLE	0.17	(0.01)	(0.17)	(0.25)	0.24	(0.26)	0.29	(0.38)	2.17
LEGT	0.29	0.01	(0.06)	(0.08)	0.54	(0.39)	0.46	(0.46)	4.86
SOUL	0.13	0.00	(0.21)	0.14	0.17	(0.19)	0.30	(0.30)	1.27
MBAV	0.24	0.01	(0.06)	0.12	0.36	(0.37)	0.47	(0.28)	3.98
RAAQ	0.20	(0.02)	0.00	1.54	0.00	0.00	0.48	(0.58)	2.03

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