Rithm Acquisition Correlations
| RAC Stock | 10.20 0.01 0.1% |
The current 90-days correlation between Rithm Acquisition Corp and Northstar Clean Technologies is -0.01 (i.e., Good diversification). The correlation of Rithm Acquisition 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.
Rithm Acquisition Correlation With Market
Modest diversification
The correlation between Rithm Acquisition Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rithm Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Rithm Stock
| 0.69 | DIST | Distoken Acquisition | PairCorr |
| 0.63 | DMAA | Drugs Made In | PairCorr |
| 0.63 | VACH | Voyager Acquisition Corp | PairCorr |
| 0.65 | NOEMU | CO2 Energy Transition | PairCorr |
| 0.7 | NPACU | New Providence Acqui | PairCorr |
| 0.73 | EMCG | Embrace Change Acqui | PairCorr |
| 0.76 | BACQR | Bleichroeder Acquisition | PairCorr |
| 0.61 | BACQU | Bleichroeder Acquisition | PairCorr |
| 0.62 | ANSCU | Agriculture Natural | PairCorr |
| 0.7 | WLAC | Willow Lane Acquisition | PairCorr |
| 0.92 | FERA | Fifth Era Acquisition | PairCorr |
| 0.67 | FGMC | FG Merger II | PairCorr |
| 0.71 | BAYAU | Bayview Acquisition Corp | PairCorr |
| 0.67 | AAM | AA Mission Acquisition | PairCorr |
Moving against Rithm Stock
Related Correlations Analysis
| 0.58 | 0.0 | 0.32 | 0.19 | 0.52 | 0.43 | ROOOF | ||
| 0.58 | 0.0 | 0.61 | 0.36 | 0.26 | 0.71 | EGP | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CCGY | ||
| 0.32 | 0.61 | 0.0 | 0.27 | -0.06 | 0.67 | CVWFF | ||
| 0.19 | 0.36 | 0.0 | 0.27 | 0.03 | -0.06 | GFF | ||
| 0.52 | 0.26 | 0.0 | -0.06 | 0.03 | -0.04 | EGO | ||
| 0.43 | 0.71 | 0.0 | 0.67 | -0.06 | -0.04 | HIHO | ||
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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 Rithm Stock performing well and Rithm Acquisition 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 Rithm Acquisition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ROOOF | 2.82 | 0.02 | 0.00 | 0.15 | 2.77 | 8.00 | 20.51 | |||
| EGP | 0.88 | 0.00 | (0.03) | 0.13 | 1.18 | 1.88 | 6.01 | |||
| CCGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CVWFF | 2.04 | 0.74 | 0.14 | (1.74) | 1.47 | 7.14 | 30.93 | |||
| GFF | 1.55 | (0.07) | 0.01 | 0.09 | 1.87 | 3.12 | 10.17 | |||
| EGO | 1.69 | 0.19 | (0.03) | (0.04) | 2.40 | 4.10 | 16.24 | |||
| HIHO | 1.68 | 0.22 | 0.05 | 1.32 | 1.56 | 4.79 | 15.64 |