FACT II Correlations

Stocks . USA . 
Stock . FACT II Acquisition
FACTW Stock   0.29  0.01  3.33%   
The current 90-days correlation between FACT II Acquisition and Contango ORE is 0.26 (i.e., Modest diversification). The correlation of FACT II 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.

FACT II Correlation With Market

Average diversification

The correlation between FACT II Acquisition and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FACT II Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with FACT Stock

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  0.76NOEMU CO2 Energy TransitionPairCorr
  0.78VCIC Vine Hill CapitalPairCorr
  0.72DRDB Roman DBDR AcquisitionPairCorr
  0.62DTSQ DT Cloud StarPairCorr
  0.71DYNX Dynamix ClassPairCorr
  0.8BACQR Bleichroeder AcquisitionPairCorr
  0.76BACQU Bleichroeder AcquisitionPairCorr
  0.75EURK Eureka Acquisition CorpPairCorr
  0.79WLAC Willow Lane AcquisitionPairCorr
  0.78FGMC FG Merger IIPairCorr
  0.73BAYAR Bayview Acquisition CorpPairCorr
  0.86BAYAU Bayview Acquisition CorpPairCorr
  0.8AAM AA Mission AcquisitionPairCorr
  0.68ALF Centurion AcquisitionPairCorr
  0.82FORL Four Leaf AcquisitionPairCorr
  0.68CUB Lionheart HoldingsPairCorr
  0.73EQV EQV Ventures AcquisitionPairCorr
  0.84FVN Future Vision IIPairCorr
  0.82GIG GigCapital7 Corp ClassPairCorr

Moving against FACT Stock

  0.67GDSTU Goldenstone AcquisitionPairCorr
  0.39FACT FACT II AcquisitionPairCorr
  0.54FTIIU Futuretech II AcquisitionPairCorr
  0.41FSHPR Flag Ship AcquisitionPairCorr

Related Correlations Analysis

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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   
GEOUF
+ 0.9
CTGO
ANPDY
+ 0.7
CTGO
LTH
+ 0.7
PLTK
GEOUF
+ 0.57
ANPDY
LOMLF
+ 0.46
CTGO
ANPDY
+ 0.39
LOMLF
  
High negative correlations   
GEOUF
- 0.63
LTH
USGO
- 0.59
CNLFF
GEOUF
- 0.59
PLTK
LTH
- 0.47
CTGO
PLTK
- 0.44
CTGO
GEOUF
- 0.4
USGO

Risk-Adjusted Indicators

There is a big difference between FACT Stock performing well and FACT II 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 FACT II'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.

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