Flag Ship Correlations
| FSHPR Stock | 0.15 0.01 6.25% |
The current 90-days correlation between Flag Ship Acquisition and AMCON Distributing is 0.15 (i.e., Average 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.
Moving against Flag Stock
| 0.54 | EMCGR | Embrace Change Acqui | PairCorr |
| 0.47 | BACQU | Bleichroeder Acquisition | PairCorr |
| 0.45 | EMCG | Embrace Change Acqui | PairCorr |
| 0.44 | BACQR | Bleichroeder Acquisition | PairCorr |
| 0.43 | YHNAU | YHN Acquisition I | PairCorr |
| 0.42 | DYNX | Dynamix Class | PairCorr |
| 0.42 | NPACU | New Providence Acqui | PairCorr |
| 0.4 | DMAA | Drugs Made In | PairCorr |
| 0.4 | VACH | Voyager Acquisition Corp | PairCorr |
| 0.4 | DRDB | Roman DBDR Acquisition | PairCorr |
| 0.38 | DIST | Distoken Acquisition | PairCorr |
| 0.35 | VCIC | Vine Hill Capital | PairCorr |
| 0.34 | NOEMU | CO2 Energy Transition | PairCorr |
| 0.34 | DTSQ | DT Cloud Star | PairCorr |
| 0.6 | FERA | Fifth Era Acquisition | PairCorr |
| 0.54 | FORL | Four Leaf Acquisition | PairCorr |
| 0.49 | FVN | Future Vision II | PairCorr |
| 0.48 | DISTR | Distoken Acquisition | PairCorr |
| 0.48 | FGMC | FG Merger II | PairCorr |
| 0.48 | AAM | AA Mission Acquisition | PairCorr |
| 0.47 | WLAC | Willow Lane Acquisition | PairCorr |
| 0.46 | ALF | Centurion Acquisition | PairCorr |
| 0.45 | KVACW | Keen Vision Acquisition | PairCorr |
| 0.44 | GDSTW | Goldenstone Acquisition | PairCorr |
| 0.44 | FACTU | FACT II Acquisition | PairCorr |
| 0.44 | EQV | EQV Ventures Acquisition | PairCorr |
| 0.43 | BAYAU | Bayview Acquisition Corp | PairCorr |
| 0.43 | CUB | Lionheart Holdings | PairCorr |
| 0.42 | ANSCU | Agriculture Natural | PairCorr |
| 0.36 | BAYAR | Bayview Acquisition Corp | PairCorr |
Related Correlations Analysis
| 0.27 | -0.11 | -0.35 | 0.0 | -0.24 | -0.21 | DIT | ||
| 0.27 | -0.51 | -0.17 | 0.0 | -0.16 | 0.0 | UNFI | ||
| -0.11 | -0.51 | 0.64 | 0.0 | 0.86 | 0.59 | IRDM | ||
| -0.35 | -0.17 | 0.64 | 0.0 | 0.81 | 0.59 | KVHI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | NIPMY | ||
| -0.24 | -0.16 | 0.86 | 0.81 | 0.0 | 0.78 | SPHR | ||
| -0.21 | 0.0 | 0.59 | 0.59 | 0.0 | 0.78 | MOD | ||
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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
| High negative correlations
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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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DIT | 2.42 | (0.12) | 0.00 | (0.11) | 0.00 | 5.88 | 18.70 | |||
| UNFI | 2.39 | 0.06 | 0.02 | 0.19 | 3.06 | 5.36 | 17.78 | |||
| IRDM | 1.66 | 0.49 | 0.16 | (1.23) | 1.72 | 4.30 | 11.68 | |||
| KVHI | 1.18 | 0.15 | 0.01 | 8.00 | 1.22 | 4.32 | 9.24 | |||
| NIPMY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SPHR | 2.33 | 0.65 | 0.27 | 0.49 | 2.24 | 6.04 | 17.58 | |||
| MOD | 2.32 | 0.12 | 0.08 | 0.19 | 3.19 | 6.57 | 18.74 |
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 Zhong | CFO Officer | Profile |