FG Merger Correlations

FGMC Stock

USD 9.90 0.04 0.41%

The correlation of FG Merger 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.

FG Merger Correlation With Market

Significant diversification

The correlation between FG Merger II and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FG Merger II and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with FGMC Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FG Merger II. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with FGMC Stock

0.96	DMAA	Drugs Made In	Pair Corr
0.96	VACH	Voyager Acquisition Corp	Pair Corr
0.91	YHNAU	YHN Acquisition I	Pair Corr
0.71	NOEMU	CO2 Energy Transition	Pair Corr
0.92	VCIC	Vine Hill Capital	Pair Corr
0.88	DRDB	Roman DBDR Acquisition	Pair Corr
0.74	DTSQ	DT Cloud Star	Pair Corr
0.89	DYNX	Dynamix Class	Pair Corr
0.61	NPACU	New Providence Acqui	Pair Corr
0.9	BACQR	Bleichroeder Acquisition	Pair Corr
0.92	BACQU	Bleichroeder Acquisition	Pair Corr
0.81	DISTR	Distoken Acquisition	Pair Corr
0.98	WLAC	Willow Lane Acquisition	Pair Corr
0.73	GDSTW	Goldenstone Acquisition	Pair Corr
0.8	BAYAR	Bayview Acquisition Corp	Pair Corr
0.8	BAYAU	Bayview Acquisition Corp	Pair Corr
0.96	AAM	AA Mission Acquisition	Pair Corr
0.78	FACTW	FACT II Acquisition	Pair Corr
0.89	ALF	Centurion Acquisition	Pair Corr
0.71	CUB	Lionheart Holdings	Pair Corr
0.76	EQV	EQV Ventures Acquisition	Pair Corr
0.7	FVN	Future Vision II	Pair Corr
0.7	RAC	Rithm Acquisition Corp	Pair Corr
0.66	FSHPU	Flag Ship Acquisition	Pair Corr

Moving against FGMC Stock

0.36	GDSTU	Goldenstone Acquisition	Pair Corr
0.51	FSHPR	Flag Ship Acquisition	Pair Corr

Related Correlations Analysis

	BTM	ESLA	DMAA	VACH	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC
BTM		-0.4	0.91	0.91	0.18	0.8	0.0	0.7	0.32	0.84	BTM
ESLA	-0.4		-0.29	-0.25	-0.4	-0.29	0.38	-0.58	-0.14	-0.22	ESLA
DMAA	0.91	-0.29		0.97	0.28	0.9	0.03	0.78	0.27	0.94	DMAA
VACH	0.91	-0.25	0.97		0.26	0.89	0.04	0.75	0.31	0.94	VACH
YHNAR	0.18	-0.4	0.28	0.26		0.12	-0.38	0.52	0.0	0.23	YHNAR
YHNAU	0.8	-0.29	0.9	0.89	0.12		0.07	0.68	0.16	0.86	YHNAU
NOEMR	0.0	0.38	0.03	0.04	-0.38	0.07		-0.28	0.0	0.12	NOEMR
NOEMU	0.7	-0.58	0.78	0.75	0.52	0.68	-0.28		0.18	0.71	NOEMU
NOEMW	0.32	-0.14	0.27	0.31	0.0	0.16	0.0	0.18		0.29	NOEMW
VCIC	0.84	-0.22	0.94	0.94	0.23	0.86	0.12	0.71	0.29		VCIC
	BTM	ESLA	DMAA	VACH	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC

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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

VACH	+ 0.97	DMAA
VCIC	+ 0.94	DMAA
VCIC	+ 0.94	VACH
DMAA	+ 0.91	BTM
VACH	+ 0.91	BTM
YHNAU	+ 0.9	DMAA

High negative correlations

NOEMU	- 0.58	ESLA
YHNAR	- 0.4	ESLA
ESLA	- 0.4	BTM
NOEMR	- 0.38	YHNAR
YHNAU	- 0.29	ESLA
DMAA	- 0.29	ESLA

Risk-Adjusted Indicators

There is a big difference between FGMC Stock performing well and FG Merger 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 FG Merger'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
BTM	6.15	2.77	0.52	(6.71)	3.90	(7.98)	16.23	(8.12)	39.51
ESLA	4.17	0.04	(0.01)	0.24	5.14	(4.53)	7.07	(7.48)	30.34
DMAA	0.09	0.02	(0.87)	5.26	0.00	(0.15)	0.20	(0.10)	0.69
VACH	0.08	0.02	(0.89)	1.04	0.00	(0.17)	0.19	(0.10)	0.68
YHNAR	8.04	(0.27)	0.01	0.07	9.89	(15.06)	21.43	(20.00)	54.30
YHNAU	0.06	0.02	0.00	(2.29)	0.00	0.00	0.00	0.00	0.97
NOEMR	9.89	1.08	0.07	0.43	10.99	(19.68)	31.58	(20.00)	106.67
NOEMU	0.17	0.05	0.00	(0.87)	0.00	0.00	0.85	(0.19)	2.36
NOEMW	7.72	1.19	0.08	1.01	8.24	(17.26)	21.95	(18.00)	83.64
VCIC	0.10	0.03	(0.48)	(0.68)	0.00	(0.22)	0.29	(0.19)	1.56

FG Merger Corporate Management

Emily Torres	Chief Officer	Profile
Hassan CPA	Chief Officer	Profile
CFA Swets	Chief Officer	Profile
Wesley Schrader	CEO Director	Profile

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