Waldencast Acquisition Correlations

WALD Stock

USD 2.54 0.14 5.22%

The current 90-days correlation between Waldencast Acquisition and VTEX is 0.23 (i.e., Modest 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

Weak diversification

The correlation between Waldencast Acquisition Corp and DJI is 0.37 (i.e., Weak 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.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waldencast 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 bureau of economic analysis.

Moving together with Waldencast Stock

0.7	WALDW	Waldencast Acquisition	Pair Corr
0.63	FTLF	FitLife Brands, Common	Pair Corr
0.61	MED	MEDIFAST INC	Pair Corr
0.63	OLPX	Olaplex Holdings	Pair Corr

Moving against Waldencast Stock

0.47	PHH	Park Ha Biological	Pair Corr
0.45	HLF	Herbalife Nutrition	Pair Corr
0.33	KMB	Kimberly Clark	Pair Corr
0.44	KVUE	Kenvue Inc	Pair Corr

Related Correlations Analysis

	WFCF	VRXWF	VTEX	VERX	BAINF	AKRFF	AECX	AUUDW	AIFS
WFCF		0.0	0.67	0.79	-0.77	-0.12	0.51	0.03	0.57	WFCF
VRXWF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	VRXWF
VTEX	0.67	0.0		0.9	-0.76	-0.29	0.58	-0.16	0.3	VTEX
VERX	0.79	0.0	0.9		-0.78	-0.3	0.64	-0.2	0.46	VERX
BAINF	-0.77	0.0	-0.76	-0.78		-0.03	-0.61	0.03	-0.52	BAINF
AKRFF	-0.12	0.0	-0.29	-0.3	-0.03		-0.19	0.03	-0.14	AKRFF
AECX	0.51	0.0	0.58	0.64	-0.61	-0.19		-0.08	0.56	AECX
AUUDW	0.03	0.0	-0.16	-0.2	0.03	0.03	-0.08		0.04	AUUDW
AIFS	0.57	0.0	0.3	0.46	-0.52	-0.14	0.56	0.04		AIFS
	WFCF	VRXWF	VTEX	VERX	BAINF	AKRFF	AECX	AUUDW	AIFS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

VERX	+ 0.9	VTEX
VERX	+ 0.79	WFCF
VTEX	+ 0.67	WFCF
AECX	+ 0.64	VERX
AECX	+ 0.58	VTEX
AIFS	+ 0.57	WFCF

High negative correlations

BAINF	- 0.78	VERX
BAINF	- 0.77	WFCF
BAINF	- 0.76	VTEX
AECX	- 0.61	BAINF
AIFS	- 0.52	BAINF
AKRFF	- 0.3	VERX

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	1.89	(0.03)	0.00	(0.22)	0.00	0.00	4.26	(4.89)	17.84
VRXWF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTEX	2.49	(0.01)	0.00	(0.17)	0.00	0.00	5.24	(5.34)	29.57
VERX	2.32	(0.49)	0.00	(1.16)	0.00	0.00	3.21	(6.51)	24.06
BAINF	0.83	0.43	0.00	0.96	0.00	0.00	0.00	0.00	27.64
AKRFF	0.96	0.05	0.00	(0.03)	0.00	0.00	1.52	(1.50)	21.91
AECX	65.10	25.34	0.55	2.27	31.72	(126.69)	183.58	(66.00)	620.57
AUUDW	13.69	0.73	0.07	(0.52)	14.85	(19.08)	35.04	(28.10)	89.87
AIFS	0.73	(0.41)	0.00	4.38	0.00	0.00	0.00	0.00	14.48

Waldencast Acquisition Corporate Management

Philippe Gautier	Chief Officer	Profile
Elisabeth Milan	General Counsel	Profile
Manuel Manfredi	Chief Officer	Profile
Michel Brousset	Principal Founder	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC