Dune Acquisition Correlations
| DUNEDelisted Stock | USD 10.00 0.00 0.00% |
The current 90-days correlation between Dune Acquisition Corp and Magnum Opus Acquisition is -0.03 (i.e., Good diversification). The correlation of Dune 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.
Dune Acquisition Correlation With Market
Good diversification
The correlation between Dune Acquisition Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dune Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Dune |
Moving together with Dune Stock
| 0.7 | MZHOF | Mizuho Financial | PairCorr |
| 0.63 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.64 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.66 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.63 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.7 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.7 | CSCO | Cisco Systems | PairCorr |
Moving against Dune Stock
| 0.8 | BKRKY | Bank Rakyat | PairCorr |
| 0.78 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.74 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.71 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.68 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.66 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.64 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.63 | PBCRY | Bank Central Asia | PairCorr |
| 0.47 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.41 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.32 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.13 | 0.65 | 0.55 | 0.83 | 0.01 | -0.35 | OPA | ||
| 0.13 | 0.05 | 0.02 | 0.27 | 0.0 | 0.16 | GENQ | ||
| 0.65 | 0.05 | 0.68 | 0.79 | 0.26 | -0.07 | DTOC | ||
| 0.55 | 0.02 | 0.68 | 0.66 | 0.12 | 0.02 | ITAQ | ||
| 0.83 | 0.27 | 0.79 | 0.66 | 0.07 | -0.32 | CPAA | ||
| 0.01 | 0.0 | 0.26 | 0.12 | 0.07 | 0.05 | LGVC | ||
| -0.35 | 0.16 | -0.07 | 0.02 | -0.32 | 0.05 | ENCP | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Dune Stock performing well and Dune 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 Dune 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OPA | 0.23 | 0.04 | (0.08) | (0.22) | 0.36 | 0.58 | 4.86 | |||
| GENQ | 0.23 | (0.06) | 0.00 | 2.71 | 0.00 | 0.28 | 2.46 | |||
| DTOC | 0.14 | 0.04 | (0.12) | (0.45) | 0.00 | 0.58 | 1.65 | |||
| ITAQ | 0.18 | 0.02 | (0.18) | (0.63) | 0.11 | 0.67 | 2.30 | |||
| CPAA | 0.07 | 0.01 | (0.64) | (6.39) | 0.00 | 0.20 | 0.30 | |||
| LGVC | 0.37 | 0.01 | (0.07) | (0.07) | 0.73 | 0.67 | 9.80 | |||
| ENCP | 4.66 | 1.15 | 0.06 | (0.48) | 8.56 | 22.24 | 65.15 |
Delisting Warning - DUNE
Dune Acquisition Corp was delisted
| The entity Dune Acquisition Corp with a symbol DUNE was delisted from NASDAQ Exchange. Please try Global Gas with a symbol HGAS from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Dune 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.