Chenghe Acquisition Correlations

CHEADelisted Stock  USD 10.82  0.02  0.18%   
The current 90-days correlation between Chenghe Acquisition and LAMF Global Ventures is -0.2 (i.e., Good diversification). The correlation of Chenghe 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.

Chenghe Acquisition Correlation With Market

Significant diversification

The correlation between Chenghe Acquisition Co and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chenghe Acquisition Co 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 income.

Moving together with Chenghe Stock

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  0.89JPM JPMorgan Chase Fiscal Year End 10th of January 2025 PairCorr
  0.9AXP American Express Fiscal Year End 24th of January 2025 PairCorr
  0.89BAC Bank of America Fiscal Year End 10th of January 2025 PairCorr
  0.9T ATT Inc Fiscal Year End 22nd of January 2025 PairCorr
  0.92CSCO Cisco SystemsPairCorr

Moving against Chenghe Stock

  0.92BKRKY Bank RakyatPairCorr
  0.91PPERY Bank Mandiri PerseroPairCorr
  0.84PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.83PPERF Bank Mandiri PerseroPairCorr
  0.81MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr
  0.76PTBRY Bank Negara IndonesiaPairCorr
  0.74BKRKF PT Bank RakyatPairCorr
  0.73PBCRY Bank Central AsiaPairCorr
  0.42MMM 3M Company Fiscal Year End 28th of January 2025 PairCorr
  0.38DD Dupont De Nemours Fiscal Year End 4th of February 2025 PairCorr
  0.32VZ Verizon Communications Fiscal Year End 28th of January 2025 PairCorr

Related Correlations Analysis

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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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Chenghe Stock performing well and Chenghe 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 Chenghe 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.

Chenghe Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Chenghe Acquisition stock to make a market-neutral strategy. Peer analysis of Chenghe Acquisition could also be used in its relative valuation, which is a method of valuing Chenghe Acquisition by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Still Interested in Chenghe Acquisition Co?

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.