Armada Acquisition Correlations

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10.24 0.02 0.20%

The current 90-days correlation between Armada Acquisition Corp and Aimei Health Technology is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Armada Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Armada Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Armada Acquisition Correlation With Market

Good diversification

The correlation between Armada Acquisition Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Armada Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Armada Stock

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Armada 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 inflation.

Moving together with Armada Stock

0.8	ETHM	Dynamix Symbol Change	Pair Corr
0.72	MQG	Macquarie Group	Pair Corr

Moving against Armada Stock

0.82	VNME	Vendome Acquisition	Pair Corr
0.81	EGHA	EGH Acquisition Corp	Pair Corr
0.8	FIGX	FIGX Capital Acquisition	Pair Corr
0.77	DRDB	Roman DBDR Acquisition	Pair Corr
0.75	DMAA	Drugs Made In	Pair Corr
0.75	DTSQ	DT Cloud Star	Pair Corr
0.75	FTW	EQV Ventures Acquisition Symbol Change	Pair Corr
0.74	AAM	AA Mission Acquisition	Pair Corr
0.72	CUB	Lionheart Holdings	Pair Corr
0.69	RAC	Rithm Acquisition Corp	Pair Corr
0.68	VACH	Voyager Acquisition Corp	Pair Corr
0.66	EVAC	EQV Ventures Acquisition	Pair Corr
0.65	ALF	Centurion Acquisition	Pair Corr
0.41	IPC	Imperial Pacific	Pair Corr
0.88	GSHR	Gesher Acquisition Corp	Pair Corr
0.8	IPOD	Dune Acquisition	Pair Corr
0.78	GRAF	Graf Global Corp	Pair Corr
0.76	INAC	Indigo Acquisition Corp	Pair Corr
0.67	LPBB	Launch Two Acquisition	Pair Corr
0.63	HSPT	Horizon Space Acquisition	Pair Corr
0.59	MACI	Melar Acquisition Corp	Pair Corr
0.58	LOKV	Live Oak Acquisition	Pair Corr
0.53	HVMC	Highview Merger Corp	Pair Corr
0.45	LPAA	Launch One Acquisition	Pair Corr
0.34	MBVI	M3 Brigade Acquisition	Pair Corr
0.33	IPEX	Inflection Point Acq Symbol Change	Pair Corr

Related Correlations Analysis

	COLA	ISRL	RDAC	ASPC	FVN	WTG	DAIC	AFJK
COLA		-0.4	-0.04	0.37	0.73	0.76	-0.7	0.45	COLA
ISRL	-0.4		0.09	-0.14	-0.33	-0.49	0.33	-0.3	ISRL
RDAC	-0.04	0.09		-0.15	-0.01	-0.05	0.06	-0.11	RDAC
ASPC	0.37	-0.14	-0.15		0.39	0.57	-0.59	0.63	ASPC
FVN	0.73	-0.33	-0.01	0.39		0.72	-0.69	0.38	FVN
WTG	0.76	-0.49	-0.05	0.57	0.72		-0.86	0.65	WTG
DAIC	-0.7	0.33	0.06	-0.59	-0.69	-0.86		-0.63	DAIC
AFJK	0.45	-0.3	-0.11	0.63	0.38	0.65	-0.63		AFJK
	COLA	ISRL	RDAC	ASPC	FVN	WTG	DAIC	AFJK

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

WTG	+ 0.76	COLA
FVN	+ 0.73	COLA
WTG	+ 0.72	FVN
AFJK	+ 0.65	WTG
AFJK	+ 0.63	ASPC
WTG	+ 0.57	ASPC

High negative correlations

DAIC	- 0.86	WTG
DAIC	- 0.7	COLA
DAIC	- 0.69	FVN
AFJK	- 0.63	DAIC
DAIC	- 0.59	ASPC
WTG	- 0.49	ISRL

Risk-Adjusted Indicators

There is a big difference between Armada Stock performing well and Armada 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 Armada 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
COLA	0.10	0.00	(0.26)	0.11	0.00	(0.26)	0.29	(0.29)	1.55
ISRL	0.71	(0.08)	0.00	(0.56)	0.00	0.00	1.23	(1.37)	9.81
RDAC	3.30	0.18	0.00	(0.07)	4.61	(3.73)	8.91	(9.40)	29.76
ASPC	6.22	2.10	0.26	1.38	4.44	(11.14)	15.08	(9.92)	83.07
FVN	0.09	0.00	(0.15)	0.14	0.00	(0.32)	0.38	(0.38)	1.33
WTG	0.06	0.01	(0.28)	(0.37)	0.00	(0.27)	0.30	(0.10)	0.79
DAIC	6.31	(2.30)	0.00	(0.61)	0.00	0.00	8.39	(14.95)	52.34
AFJK	36.86	17.64	0.99	(1.06)	10.90	(68.14)	60.89	(17.24)	1,067

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