Broad Capital Correlations

BRAC Stock

USD 11.72 0.05 0.43%

The current 90-days correlation between Broad Capital Acquisition and AlphaTime Acquisition Corp is -0.06 (i.e., Good diversification). The correlation of Broad Capital 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.

Broad Capital Correlation With Market

Good diversification

The correlation between Broad Capital Acquisition and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Broad Capital Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Broad Capital Acquisition. 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 Broad Stock

0.89	V	Visa Class A	Pair Corr
0.85	MA	Mastercard	Pair Corr
0.89	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.64	ECPG	Encore Capital Group	Pair Corr
0.92	ENVA	Enova International	Pair Corr
0.79	FDUS	Fidus Investment Corp	Pair Corr
0.87	AGM	Federal Agricultural	Pair Corr
0.88	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.84	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.92	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.91	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.93	FRHC	Freedom Holding Corp	Pair Corr
0.76	NMR	Nomura Holdings ADR	Pair Corr
0.77	SLM	SLM Corp Normal Trading	Pair Corr
0.92	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.81	IREN	Iris Energy	Pair Corr
0.73	LRFC	Logan Ridge Finance	Pair Corr
0.9	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.75	OPRT	Oportun Financial Corp	Pair Corr
0.79	PYPL	PayPal Holdings	Pair Corr
0.79	ALLY	Ally Financial Fiscal Year End 17th of January 2025	Pair Corr
0.72	ALTI	Alvarium Tiedemann	Pair Corr
0.87	APAM	Artisan Partners Asset Fiscal Year End 4th of February 2025	Pair Corr

Moving against Broad Stock

0.88	WU	Western Union	Pair Corr
0.78	FCFS	FirstCash	Pair Corr
0.39	PT	Pintec Technology	Pair Corr
0.84	ORGN	Origin Materials	Pair Corr
0.77	PFLT	PennantPark Floating Rate	Pair Corr
0.6	GROW	US Global Investors	Pair Corr
0.56	MCVT	Mill City Ventures	Pair Corr

Related Correlations Analysis

	AVNY	APNCW	ATAQF	AOAO	APTMU	ATMC
AVNY		0.0	0.0	-1.0	0.0	0.0	AVNY
APNCW	0.0		0.0	0.0	0.0	0.0	APNCW
ATAQF	0.0	0.0		0.0	-0.21	0.09	ATAQF
AOAO	-1.0	0.0	0.0		0.0	0.0	AOAO
APTMU	0.0	0.0	-0.21	0.0		0.78	APTMU
ATMC	0.0	0.0	0.09	0.0	0.78		ATMC
	AVNY	APNCW	ATAQF	AOAO	APTMU	ATMC

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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

ATMC	+ 0.78	APTMU
ATMC	+ 0.09	ATAQF
APNCW	+ 0.0	AVNY
ATAQF	+ 0.0	AVNY
APTMU	+ 0.0	AVNY
ATMC	+ 0.0	AVNY

High negative correlations

AOAO	- 1.0	AVNY
APTMU	- 0.21	ATAQF
ATMC	- 0.0	AOAO
APTMU	- 0.0	AOAO
AOAO	- 0.0	ATAQF
ATMC	- 0.0	APNCW

Risk-Adjusted Indicators

There is a big difference between Broad Stock performing well and Broad Capital 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 Broad Capital'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
AVNY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APNCW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATAQF	690.00	396.07	6.42	4.27	112.48	(1,109)	900.00	(96.00)	9,999
AOAO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
APTMU	0.16	0.03	(0.16)	(0.49)	0.13	(0.36)	0.49	(0.29)	1.92
ATMC	0.07	0.01	0.00	1.96	0.00	0.00	0.35	(0.18)	0.89

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