Flag Ship Correlations

Stocks . USA . 
Stock . Flag Ship Acquisition
FSHPR Stock   0.15  0.01  6.25%   
The current 90-days correlation between Flag Ship Acquisition and Distoken Acquisition is -0.11 (i.e., Good diversification). The correlation of Flag Ship 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.

Flag Ship Correlation With Market

Good diversification

The correlation between Flag Ship Acquisition and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flag Ship Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Flag Ship Acquisition. 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 against Flag Stock

  0.54EMCGR Embrace Change AcquiPairCorr
  0.49BACQU Bleichroeder AcquisitionPairCorr
  0.46YHNAU YHN Acquisition IPairCorr
  0.45EMCG Embrace Change AcquiPairCorr
  0.44DYNX Dynamix ClassPairCorr
  0.44BACQR Bleichroeder AcquisitionPairCorr
  0.42NPACU New Providence AcquiPairCorr
  0.4VACH Voyager Acquisition CorpPairCorr
  0.4DRDB Roman DBDR AcquisitionPairCorr
  0.39DMAA Drugs Made InPairCorr
  0.38DIST Distoken AcquisitionPairCorr
  0.37VCIC Vine Hill CapitalPairCorr
  0.35DTSQ DT Cloud StarPairCorr
  0.34NOEMU CO2 Energy TransitionPairCorr
  0.31MLACU Mountain Lake AcquisitionPairCorr
  0.7FERA Fifth Era AcquisitionPairCorr
  0.52FORL Four Leaf AcquisitionPairCorr
  0.49WLAC Willow Lane AcquisitionPairCorr
  0.48DISTR Distoken AcquisitionPairCorr
  0.48FVN Future Vision IIPairCorr
  0.47FGMC FG Merger IIPairCorr
  0.47AAM AA Mission AcquisitionPairCorr
  0.46ALF Centurion AcquisitionPairCorr
  0.45KVACW Keen Vision AcquisitionPairCorr
  0.44GDSTW Goldenstone AcquisitionPairCorr
  0.44EQV EQV Ventures AcquisitionPairCorr
  0.43FACTU FACT II AcquisitionPairCorr
  0.43CUB Lionheart HoldingsPairCorr
  0.41BAYAU Bayview Acquisition CorpPairCorr
  0.4ANSCU Agriculture NaturalPairCorr
  0.36BAYAR Bayview Acquisition CorpPairCorr

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   
VACH
+ 0.97
DMAA
VCIC
+ 0.94
DMAA
VCIC
+ 0.94
VACH
YHNAU
+ 0.9
DMAA
YHNAU
+ 0.89
VACH
VCIC
+ 0.85
YHNAU
  
High negative correlations   
NOEMR
- 0.38
YHNAR
YHNAR
- 0.38
DMYY
NOEMR
- 0.31
DIST
NOEMU
- 0.24
NOEMR
DMYY
- 0.18
DIST
NOEMW
- 0.1
DMYY

Risk-Adjusted Indicators

There is a big difference between Flag Stock performing well and Flag Ship 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 Flag Ship'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
DIST  4.04  1.59  0.27  1.24  1.46 
(13.67)
 10.25 
(3.41)
 64.17 
DMAA  0.08  0.02 (0.88)(1.22) 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 
DMYY  2.26  0.21  0.04  1.35  2.19 
(2.80)
 5.88 
(3.67)
 14.47 
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 (1.23) 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  0.04  0.00 (28.59) 0.00 
 0.00 
 0.85 
(0.19)
 2.36 
NOEMW  7.29  1.46  0.06 (0.35) 8.17 
(17.09)
 21.95 
(18.00)
 83.64 
VCIC  0.10  0.02 (0.48) 4.79  0.00 
(0.22)
 0.29 
(0.19)
 1.56 

Flag Ship Corporate Executives

Elected by the shareholders, the Flag Ship's board of directors comprises two types of representatives: Flag Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flag. The board's role is to monitor Flag Ship's management team and ensure that shareholders' interests are well served. Flag Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flag Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.
Luhuan ZhongCFO OfficerProfile
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