Cartesian Growth Correlations

CGCTU Stock

10.17 0.01 0.1%

The current 90-days correlation between Cartesian Growth and YHN Acquisition I is -0.27 (i.e., Very good diversification). The correlation of Cartesian Growth 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.

Cartesian Growth Correlation With Market

Good diversification

The correlation between Cartesian Growth and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cartesian Growth and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cartesian Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cartesian Growth. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Cartesian Stock

0.56	GDSTU	Goldenstone Acquisition	Pair Corr
0.47	NOEMR	CO2 Energy Transition	Pair Corr
0.36	MLACU	Mountain Lake Acquisition	Pair Corr
0.32	DRDB	Roman DBDR Acquisition	Pair Corr
0.55	CEP	Cantor Equity Partners,	Pair Corr
0.48	GDST	Goldenstone Acquisition	Pair Corr
0.39	FSHP	Flag Ship Acquisition	Pair Corr
0.36	FTII	Futuretech II Acquisition	Pair Corr

Related Correlations Analysis

	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC	DRDB
YHNAR		0.12	-0.38	0.52	0.0	0.23	-0.03	YHNAR
YHNAU	0.12		0.07	0.68	0.16	0.86	0.83	YHNAU
NOEMR	-0.38	0.07		-0.28	0.0	0.12	0.28	NOEMR
NOEMU	0.52	0.68	-0.28		0.18	0.71	0.43	NOEMU
NOEMW	0.0	0.16	0.0	0.18		0.29	0.19	NOEMW
VCIC	0.23	0.86	0.12	0.71	0.29		0.82	VCIC
DRDB	-0.03	0.83	0.28	0.43	0.19	0.82		DRDB
	YHNAR	YHNAU	NOEMR	NOEMU	NOEMW	VCIC	DRDB

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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

VCIC	+ 0.86	YHNAU
DRDB	+ 0.83	YHNAU
DRDB	+ 0.82	VCIC
VCIC	+ 0.71	NOEMU
NOEMU	+ 0.68	YHNAU
NOEMU	+ 0.52	YHNAR

High negative correlations

NOEMR	- 0.38	YHNAR
NOEMU	- 0.28	NOEMR
DRDB	- 0.03	YHNAR
NOEMW	- 0.0	NOEMR
NOEMW	- 0.0	YHNAR

Risk-Adjusted Indicators

There is a big difference between Cartesian Stock performing well and Cartesian Growth 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 Cartesian Growth'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
YHNAR	8.04	(0.27)	0.01	0.07	9.89	(15.06)	21.43	(20.00)	54.30
YHNAU	0.06	0.02	0.00	(2.29)	0.00	0.00	0.00	0.00	0.97
NOEMR	9.89	1.08	0.07	0.43	10.99	(19.68)	31.58	(20.00)	106.67
NOEMU	0.17	0.05	0.00	(0.87)	0.00	0.00	0.85	(0.19)	2.36
NOEMW	7.72	1.19	0.08	1.01	8.24	(17.26)	21.95	(18.00)	83.64
VCIC	0.10	0.03	(0.48)	(0.68)	0.00	(0.22)	0.29	(0.19)	1.56
DRDB	0.14	0.03	(0.56)	1.46	0.00	(0.20)	0.39	(0.29)	0.88

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