IB Acquisition Correlations

IBAC Stock

10.45 0.01 0.1%

The current 90-days correlation between IB Acquisition Corp and Dune Acquisition is 0.12 (i.e., Average diversification). The correlation of IB 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.

IB Acquisition Correlation With Market

Weak diversification

The correlation between IB Acquisition Corp and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IB Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IBAC Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IB 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 nation.

Moving together with IBAC Stock

0.8	MGMA	Metro Global Media	Pair Corr
0.69	RGVNF	Regent Ventures	Pair Corr

Moving against IBAC Stock

0.84	NEE	Nextera Energy Aggressive Push	Pair Corr
0.7	GEBHF	Genting Berhad	Pair Corr
0.67	PATH	Uipath Inc Potential Growth	Pair Corr
0.6	LSRCY	Lasertec	Pair Corr
0.48	CGUD	Com GuardCom	Pair Corr
0.47	LEGT	Legato Merger Corp	Pair Corr
0.37	CVI	CVR Energy	Pair Corr
0.35	UEC	Uranium Energy Corp	Pair Corr
0.34	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.32	RFMZ	RiverNorth Flexible	Pair Corr
0.32	PLG	Platinum Group Metals	Pair Corr

Related Correlations Analysis

	GCL	IPOD	HCMA	FIGX	TAVI	WLAC	NTWO	INAC	EGHA
GCL		-0.91	0.0	-0.46	-0.94	-0.78	-0.44	-0.76	-0.78	GCL
IPOD	-0.91		0.0	0.52	0.87	0.8	0.34	0.73	0.74	IPOD
HCMA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HCMA
FIGX	-0.46	0.52	0.0		0.46	0.2	0.0	0.61	0.64	FIGX
TAVI	-0.94	0.87	0.0	0.46		0.71	0.42	0.81	0.78	TAVI
WLAC	-0.78	0.8	0.0	0.2	0.71		0.47	0.62	0.61	WLAC
NTWO	-0.44	0.34	0.0	0.0	0.42	0.47		0.39	0.35	NTWO
INAC	-0.76	0.73	0.0	0.61	0.81	0.62	0.39		0.88	INAC
EGHA	-0.78	0.74	0.0	0.64	0.78	0.61	0.35	0.88		EGHA
	GCL	IPOD	HCMA	FIGX	TAVI	WLAC	NTWO	INAC	EGHA

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

EGHA	+ 0.88	INAC
TAVI	+ 0.87	IPOD
INAC	+ 0.81	TAVI
WLAC	+ 0.8	IPOD
EGHA	+ 0.78	TAVI
EGHA	+ 0.74	IPOD

High negative correlations

TAVI	- 0.94	GCL
IPOD	- 0.91	GCL
EGHA	- 0.78	GCL
WLAC	- 0.78	GCL
INAC	- 0.76	GCL
FIGX	- 0.46	GCL

Risk-Adjusted Indicators

There is a big difference between IBAC Stock performing well and IB 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 IB 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
GCL	4.22	(1.03)	0.00	(0.53)	0.00	0.00	9.47	(9.09)	26.93
IPOD	0.06	0.01	0.00	(0.25)	0.00	0.00	0.20	(0.20)	0.89
HCMA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIGX	0.11	0.02	(0.44)	(0.97)	0.00	(0.26)	0.30	(0.20)	1.59
TAVI	0.09	0.02	(0.33)	(1.78)	0.00	(0.17)	0.29	(0.10)	1.06
WLAC	1.94	0.29	0.08	0.67	2.09	(2.63)	5.12	(4.44)	11.20
NTWO	0.09	(0.01)	(0.37)	(0.40)	0.16	(0.25)	0.29	(0.48)	1.26
INAC	0.08	0.01	(0.60)	(0.06)	0.00	(0.19)	0.20	(0.10)	1.00
EGHA	0.09	0.00	(0.40)	0.14	0.00	(0.20)	0.30	(0.20)	0.99

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