Brilliant Acquisition Correlations

Summary

BRLIDelisted Stock

USD 11.34 0.06 0.53%

The current 90-days correlation between Brilliant Acquisition and Healthcare AI Acquisition is -0.06 (i.e., Good diversification). The correlation of Brilliant 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.

Brilliant Acquisition Correlation With Market

Good diversification

The correlation between Brilliant Acquisition Corp and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brilliant Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 Brilliant Stock

0.79	LGCY	Legacy Education Upward Rally	Pair Corr
0.73	AAPL	Apple Inc Aggressive Push	Pair Corr
0.61	MSFT	Microsoft	Pair Corr
0.77	AMZN	Amazon Inc	Pair Corr
0.7	GOOG	Alphabet Class C	Pair Corr
0.68	GLABF	Gemina Laboratories Earnings Call Tomorrow	Pair Corr
0.74	SE	Sea	Pair Corr
0.68	ROIC	Retail Opportunity	Pair Corr
0.66	THCPU	Thunder Bridge Capital	Pair Corr
0.85	YPF	YPF Sociedad Anonima	Pair Corr
0.79	AS	Amer Sports,	Pair Corr
0.73	HUT	Hut 8 Corp Upward Rally	Pair Corr
0.74	PWOD	Penns Woods Bancorp	Pair Corr
0.7	TGTX	TG Therapeutics	Pair Corr
0.73	YELP	Yelp Inc	Pair Corr
0.66	DMRC	Digimarc	Pair Corr
0.73	FNMFO	Federal National Mortgage	Pair Corr
0.63	NETDU	Nabors Energy Transition	Pair Corr

Moving against Brilliant Stock

0.47	BYDDY	BYD Co	Pair Corr
0.41	NSFDF	NXT Energy Solutions	Pair Corr
0.49	MEDS	Trxade Group Symbol Change	Pair Corr
0.33	251566AA3	DT 3625 21	Pair Corr
0.33	CREVW	Carbon Revolution Public	Pair Corr

Related Correlations Analysis

	HAIAU	MSSA	TGAA	XPDBU	PLAOU	MTVC	KVSA	ROC	FMIV
HAIAU		0.08	0.1	-0.12	0.0	-0.09	-0.35	0.21	-0.16	HAIAU
MSSA	0.08		0.67	0.54	0.39	0.72	0.61	-0.38	0.64	MSSA
TGAA	0.1	0.67		0.7	0.55	0.82	0.74	-0.63	0.6	TGAA
XPDBU	-0.12	0.54	0.7		0.38	0.79	0.61	-0.77	0.51	XPDBU
PLAOU	0.0	0.39	0.55	0.38		0.57	0.53	-0.15	0.53	PLAOU
MTVC	-0.09	0.72	0.82	0.79	0.57		0.8	-0.66	0.75	MTVC
KVSA	-0.35	0.61	0.74	0.61	0.53	0.8		-0.61	0.75	KVSA
ROC	0.21	-0.38	-0.63	-0.77	-0.15	-0.66	-0.61		-0.47	ROC
FMIV	-0.16	0.64	0.6	0.51	0.53	0.75	0.75	-0.47		FMIV
	HAIAU	MSSA	TGAA	XPDBU	PLAOU	MTVC	KVSA	ROC	FMIV

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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

MTVC	+ 0.82	TGAA
KVSA	+ 0.8	MTVC
MTVC	+ 0.79	XPDBU
FMIV	+ 0.75	MTVC
FMIV	+ 0.75	KVSA
KVSA	+ 0.74	TGAA

High negative correlations

ROC	- 0.77	XPDBU
ROC	- 0.66	MTVC
ROC	- 0.63	TGAA
ROC	- 0.61	KVSA
FMIV	- 0.47	ROC
ROC	- 0.38	MSSA

Risk-Adjusted Indicators

There is a big difference between Brilliant Stock performing well and Brilliant 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 Brilliant 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
HAIAU	0.30	(0.11)	0.00	(0.22)	0.00	0.00	0.18	0.00	11.20
MSSA	0.48	0.04	0.01	3.24	0.64	(1.11)	1.58	(1.26)	5.98
TGAA	0.06	0.00	(0.08)	0.09	0.00	(0.24)	0.27	(0.18)	0.97
XPDBU	0.21	0.00	0.00	0.00	0.00	0.00	0.39	0.00	3.81
PLAOU	0.15	0.00	0.00	0.05	0.00	0.00	0.00	0.00	6.70
MTVC	0.08	0.01	(0.10)	(0.54)	0.00	(0.13)	0.29	(0.10)	0.58
KVSA	0.25	0.06	0.09	(0.43)	0.07	(0.41)	0.67	(0.49)	2.91
ROC	2.75	(0.91)	0.00	(8.07)	0.00	0.00	4.86	(8.79)	22.92
FMIV	0.11	0.02	(0.01)	0.29	0.00	(0.30)	0.49	(0.29)	1.17

Delisting Warning - BRLI

Brilliant Acquisition was delisted

The entity Brilliant Acquisition Corp with a symbol BRLI was delisted from NASDAQ Exchange. Please try Nukkleus with a symbol NUKK from now on. Check all delisted instruments accross multiple markets.

Still Interested in Brilliant Acquisition Corp?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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