Cactus Acquisition Correlations

CCTS Stock

USD 11.39 0.00 0.00%

The current 90-days correlation between Cactus Acquisition Corp and Distoken Acquisition is 0.03 (i.e., Significant diversification). The correlation of Cactus 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Cactus Acquisition Correlation With Market

Very good diversification

The correlation between Cactus Acquisition Corp and DJI is -0.38 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cactus 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, which includes a position in Cactus 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 estimate.

Moving against Cactus Stock

0.49	AGM	Federal Agricultural	Pair Corr
0.46	V	Visa Class A	Pair Corr
0.44	ECPG	Encore Capital Group	Pair Corr
0.44	COF	Capital One Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.43	ENVA	Enova International	Pair Corr
0.42	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.42	FDUS	Fidus Investment Corp	Pair Corr
0.4	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.38	MA	Mastercard	Pair Corr
0.35	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.47	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.42	NMR	Nomura Holdings ADR	Pair Corr
0.42	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.34	SLM	SLM Corp Fiscal Year End 22nd of January 2025	Pair Corr
0.34	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.31	FRHC	Freedom Holding Corp	Pair Corr
0.54	BITF	Bitfarms	Pair Corr
0.46	CODI	Compass Diversified	Pair Corr
0.45	STEP	Stepstone Group	Pair Corr
0.43	UPST	Upstart Holdings	Pair Corr
0.4	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.39	ALTI	Alvarium Tiedemann	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.8	0.88	0.5	0.48	0.81	0.91	0.72	-0.06	0.6	V
DHIL	0.8		0.75	0.38	0.43	0.78	0.79	0.61	0.0	0.53	DHIL
DIST	0.88	0.75		0.45	0.51	0.89	0.88	0.76	0.12	0.53	DIST
AB	0.5	0.38	0.45		0.86	0.61	0.68	0.82	0.3	0.24	AB
AC	0.48	0.43	0.51	0.86		0.7	0.68	0.87	0.42	0.18	AC
BN	0.81	0.78	0.89	0.61	0.7		0.91	0.89	0.35	0.55	BN
BX	0.91	0.79	0.88	0.68	0.68	0.91		0.88	0.11	0.6	BX
CG	0.72	0.61	0.76	0.82	0.87	0.89	0.88		0.4	0.35	CG
DB	-0.06	0.0	0.12	0.3	0.42	0.35	0.11	0.4		0.09	DB
DX	0.6	0.53	0.53	0.24	0.18	0.55	0.6	0.35	0.09		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

BX	+ 0.91	V
BX	+ 0.91	BN
BN	+ 0.89	DIST
CG	+ 0.89	BN
DIST	+ 0.88	V
BX	+ 0.88	DIST

High negative correlations

DB	- 0.06	V
DB	- 0.0	DHIL

Risk-Adjusted Indicators

There is a big difference between Cactus Stock performing well and Cactus 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 Cactus 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
V	0.82	0.06	0.02	0.19	1.11	(0.90)	1.36	(1.30)	6.85
DHIL	1.25	(0.09)	(0.01)	0.06	1.19	(1.52)	2.22	(2.05)	9.06
DIST	0.20	0.04	(0.09)	1.01	0.26	(0.38)	0.45	(0.18)	3.45
AB	1.07	0.07	0.02	0.23	1.04	(1.25)	2.46	(1.73)	7.82
AC	1.24	0.13	0.05	0.28	1.72	(1.29)	3.00	(2.64)	12.09
BN	1.14	0.22	0.24	0.29	0.73	(1.43)	2.45	(1.77)	6.44
BX	1.32	0.32	0.27	0.35	0.88	(1.57)	3.21	(2.11)	9.25
CG	1.57	0.36	0.32	0.30	0.99	(1.92)	4.14	(2.09)	13.11
DB	1.22	0.14	0.05	0.44	1.30	(1.38)	2.99	(2.15)	6.81
DX	0.74	0.01	(0.05)	0.15	1.03	(0.72)	1.38	(1.47)	4.37

Cactus Acquisition Corporate Management

CPA CPA	Chief Officer	Profile
Ofer BSc	CEO Director	Profile
MST CPA	Chief Officer	Profile
Gary Challinor	Chief Officer	Profile

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