Waldencast Acquisition Correlations
| WALD Stock | USD 2.29 0.01 0.43% |
The current 90-days correlation between Waldencast Acquisition and Waldencast Acquisition Corp is 0.04 (i.e., Significant diversification). The correlation of Waldencast 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.
Waldencast Acquisition Correlation With Market
Average diversification
The correlation between Waldencast Acquisition Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Waldencast Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Waldencast Stock
Moving against Waldencast Stock
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| 0.4 | NATR | Natures Sunshine Products | PairCorr |
| 0.34 | YSG | Yatsen Holding | PairCorr |
| 0.32 | U | Unity Software Aggressive Push | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Waldencast Stock performing well and Waldencast 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 Waldencast 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WFCF | 2.32 | 0.00 | (0.04) | 0.31 | 3.25 | 5.83 | 21.09 | |||
| WALDW | 8.68 | 0.72 | 0.03 | (0.66) | 9.87 | 32.08 | 75.43 | |||
| TROO | 6.86 | 1.30 | 0.17 | 1.80 | 6.78 | 9.80 | 136.75 | |||
| ATIXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DAVEW | 9.81 | 3.62 | 0.40 | 1.27 | 6.92 | 20.31 | 89.65 | |||
| AEON | 4.32 | 0.93 | 0.22 | 0.67 | 3.92 | 12.31 | 25.68 | |||
| TLSI | 2.48 | (0.30) | 0.00 | (0.53) | 0.00 | 4.29 | 14.12 |
Waldencast Acquisition Corporate Management
| Philippe Gautier | Chief Officer | Profile | |
| Elisabeth Milan | General Counsel | Profile | |
| Manuel Manfredi | Chief Officer | Profile | |
| Michel Brousset | Principal Founder | Profile |