RF Acquisition Correlations
RFAIU Stock | 10.58 0.00 0.00% |
The current 90-days correlation between RF Acquisition Corp and NetSol Technologies is 0.08 (i.e., Significant diversification). The correlation of RF 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. If the correlation is 0, the equities are not correlated; they are entirely random.
RF Acquisition Correlation With Market
Significant diversification
The correlation between RF Acquisition Corp and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RF Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with RFAIU Stock
0.89 | DMAA | Drugs Made In | PairCorr |
0.89 | VACH | Voyager Acquisition Corp | PairCorr |
0.91 | YHNAU | YHN Acquisition I | PairCorr |
0.69 | NOEMU | CO2 Energy Transition | PairCorr |
0.89 | VCIC | Vine Hill Capital | PairCorr |
0.77 | DRDB | Roman DBDR Acquisition | PairCorr |
0.86 | DYNX | Dynamix Class | PairCorr |
0.71 | MLACU | Mountain Lake Acquisition | PairCorr |
0.76 | BACQR | Bleichroeder Acquisition | PairCorr |
0.83 | BACQU | Bleichroeder Acquisition | PairCorr |
0.66 | EURK | Eureka Acquisition Corp | PairCorr |
0.67 | DISTR | Distoken Acquisition | PairCorr |
0.86 | WLAC | Willow Lane Acquisition | PairCorr |
0.9 | FGMC | FG Merger II | PairCorr |
0.73 | BAYAR | Bayview Acquisition Corp | PairCorr |
0.73 | BAYAU | Bayview Acquisition Corp | PairCorr |
0.86 | AAM | AA Mission Acquisition | PairCorr |
0.8 | FACTW | FACT II Acquisition | PairCorr |
0.77 | ALF | Centurion Acquisition | PairCorr |
0.74 | FORL | Four Leaf Acquisition | PairCorr |
0.73 | CUB | Lionheart Holdings | PairCorr |
0.76 | EQV | EQV Ventures Acquisition | PairCorr |
0.86 | FVN | Future Vision II | PairCorr |
0.62 | FSHP | Flag Ship Acquisition | PairCorr |
0.86 | GIG | GigCapital7 Corp Class | PairCorr |
Moving against RFAIU Stock
0.54 | FACT | FACT II Acquisition | PairCorr |
0.39 | GDSTU | Goldenstone Acquisition | PairCorr |
0.43 | FSHPR | Flag Ship Acquisition | PairCorr |
Related Correlations Analysis
0.38 | 0.83 | 0.77 | 0.88 | 0.88 | 0.82 | NTWK | ||
0.38 | 0.17 | 0.64 | 0.19 | 0.17 | 0.07 | USIO | ||
0.83 | 0.17 | 0.59 | 0.95 | 0.93 | 0.98 | AMKR | ||
0.77 | 0.64 | 0.59 | 0.62 | 0.55 | 0.56 | ZH | ||
0.88 | 0.19 | 0.95 | 0.62 | 0.94 | 0.95 | DDOG | ||
0.88 | 0.17 | 0.93 | 0.55 | 0.94 | 0.92 | NXPL | ||
0.82 | 0.07 | 0.98 | 0.56 | 0.95 | 0.92 | ADI | ||
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Risk-Adjusted Indicators
There is a big difference between RFAIU Stock performing well and RF 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 RF 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
NTWK | 2.11 | 0.84 | 0.26 | 2.77 | 1.98 | 6.31 | 21.12 | |||
USIO | 2.13 | 0.32 | 0.07 | 3.26 | 2.63 | 5.19 | 17.49 | |||
AMKR | 1.78 | 0.20 | 0.12 | 0.27 | 1.73 | 3.82 | 11.83 | |||
ZH | 2.12 | 0.45 | 0.12 | (22.04) | 2.04 | 6.13 | 11.38 | |||
DDOG | 1.75 | 0.58 | 0.35 | 0.68 | 1.19 | 4.17 | 19.16 | |||
NXPL | 3.66 | 0.51 | 0.12 | 0.61 | 3.52 | 9.59 | 22.93 | |||
ADI | 1.31 | 0.31 | 0.25 | 0.38 | 0.92 | 3.01 | 12.17 |