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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RF Acquisition Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with RFAIU Stock

  0.89DMAA Drugs Made InPairCorr
  0.89VACH Voyager Acquisition CorpPairCorr
  0.91YHNAU YHN Acquisition IPairCorr
  0.69NOEMU CO2 Energy TransitionPairCorr
  0.89VCIC Vine Hill CapitalPairCorr
  0.77DRDB Roman DBDR AcquisitionPairCorr
  0.86DYNX Dynamix ClassPairCorr
  0.71MLACU Mountain Lake AcquisitionPairCorr
  0.76BACQR Bleichroeder AcquisitionPairCorr
  0.83BACQU Bleichroeder AcquisitionPairCorr
  0.66EURK Eureka Acquisition CorpPairCorr
  0.67DISTR Distoken AcquisitionPairCorr
  0.86WLAC Willow Lane AcquisitionPairCorr
  0.9FGMC FG Merger IIPairCorr
  0.73BAYAR Bayview Acquisition CorpPairCorr
  0.73BAYAU Bayview Acquisition CorpPairCorr
  0.86AAM AA Mission AcquisitionPairCorr
  0.8FACTW FACT II AcquisitionPairCorr
  0.77ALF Centurion AcquisitionPairCorr
  0.74FORL Four Leaf AcquisitionPairCorr
  0.73CUB Lionheart HoldingsPairCorr
  0.76EQV EQV Ventures AcquisitionPairCorr
  0.86FVN Future Vision IIPairCorr
  0.62FSHP Flag Ship AcquisitionPairCorr
  0.86GIG GigCapital7 Corp ClassPairCorr

Moving against RFAIU Stock

  0.54FACT FACT II AcquisitionPairCorr
  0.39GDSTU Goldenstone AcquisitionPairCorr
  0.43FSHPR Flag Ship AcquisitionPairCorr

Related Correlations Analysis

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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.