Elliott Opportunity Correlations

Summary

EOCWDelisted Stock

USD 10.36 0.02 0.19%

The current 90-days correlation between Elliott Opportunity and Conyers Park III is -0.08 (i.e., Good diversification). The correlation of Elliott Opportunity 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.

Elliott Opportunity Correlation With Market

Significant diversification

The correlation between Elliott Opportunity II and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Elliott Opportunity II and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities 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 main economic indicators.

Moving together with Elliott Stock

0.86	ROIC	Retail Opportunity	Pair Corr
0.88	HAFC	Hanmi Financial Fiscal Year End 28th of January 2025	Pair Corr
0.87	TGTX	TG Therapeutics	Pair Corr
0.82	CNOBP	ConnectOne Bancorp	Pair Corr
0.76	HWC	Hancock Whitney Corp Fiscal Year End 21st of January 2025	Pair Corr
0.92	YPF	YPF Sociedad Anonima	Pair Corr
0.89	AS	Amer Sports,	Pair Corr
0.82	ZION	Zions Bancorporation Normal Trading	Pair Corr
0.8	PETS	PetMed Express	Pair Corr
0.92	GLPPRB	Global Partners LP	Pair Corr
0.77	ZWS	Zurn Elkay Water	Pair Corr
0.78	FRME	First Merchants Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PWOD	Penns Woods Bancorp	Pair Corr

Moving against Elliott Stock

0.94	PKX	POSCO Holdings	Pair Corr
0.67	EC	Ecopetrol SA ADR	Pair Corr
0.62	PTAIY	Astra International Tbk	Pair Corr
0.35	PHJMF	PT Hanjaya Mandala	Pair Corr
0.76	MEDS	Trxade Group Symbol Change	Pair Corr
0.38	WDLF	Social Life Network	Pair Corr
0.49	251566AA3	DT 3625 21	Pair Corr
0.4	BYDDY	BYD Co	Pair Corr

Related Correlations Analysis

	ICNC	CNDA	HWKZ	AOGO	OPA	CPAA	GENQ	ITAQ	DTOC
ICNC		-0.2	0.48	-0.47	0.82	0.93	0.14	0.73	0.8	ICNC
CNDA	-0.2		-0.06	0.02	-0.2	-0.23	0.03	0.03	-0.04	CNDA
HWKZ	0.48	-0.06		0.01	0.57	0.6	0.36	0.27	0.37	HWKZ
AOGO	-0.47	0.02	0.01		-0.25	-0.35	-0.07	-0.34	-0.35	AOGO
OPA	0.82	-0.2	0.57	-0.25		0.83	0.13	0.55	0.65	OPA
CPAA	0.93	-0.23	0.6	-0.35	0.83		0.27	0.66	0.79	CPAA
GENQ	0.14	0.03	0.36	-0.07	0.13	0.27		0.02	0.05	GENQ
ITAQ	0.73	0.03	0.27	-0.34	0.55	0.66	0.02		0.68	ITAQ
DTOC	0.8	-0.04	0.37	-0.35	0.65	0.79	0.05	0.68		DTOC
	ICNC	CNDA	HWKZ	AOGO	OPA	CPAA	GENQ	ITAQ	DTOC

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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

CPAA	+ 0.93	ICNC
CPAA	+ 0.83	OPA
OPA	+ 0.82	ICNC
DTOC	+ 0.8	ICNC
DTOC	+ 0.79	CPAA
ITAQ	+ 0.73	ICNC

High negative correlations

AOGO	- 0.47	ICNC
DTOC	- 0.35	AOGO
CPAA	- 0.35	AOGO
ITAQ	- 0.34	AOGO
OPA	- 0.25	AOGO
CPAA	- 0.23	CNDA

Risk-Adjusted Indicators

There is a big difference between Elliott Stock performing well and Elliott Opportunity 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 Elliott Opportunity'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
ICNC	0.06	0.02	0.00	(1.06)	0.00	0.00	0.19	(0.09)	0.38
CNDA	0.19	(0.04)	0.00	(0.40)	0.00	0.00	0.29	(0.38)	5.54
HWKZ	0.18	0.01	(0.04)	1.78	0.27	(0.30)	0.39	(0.49)	3.19
AOGO	0.21	(0.02)	0.00	(0.18)	0.00	0.00	0.55	(0.54)	2.65
OPA	0.23	0.02	(0.01)	0.19	0.36	(0.40)	0.58	(0.29)	4.86
CPAA	0.07	0.01	(0.22)	(0.37)	0.00	(0.12)	0.20	(0.10)	0.30
GENQ	0.23	(0.05)	0.00	0.52	0.00	0.00	0.28	(0.83)	2.46
ITAQ	0.18	0.02	(0.04)	(0.78)	0.11	(0.46)	0.67	(0.47)	2.30
DTOC	0.14	0.03	(0.01)	(0.59)	0.00	(0.40)	0.58	(0.20)	1.65

View Elliott Opportunity Related Equities

Iconic Sports Acquisition Concord Acquisition Corp Hawks Acquisition Corp Arogo Capital Acquisition Magnum Opus Acquisition Conyers Park III Genesis Unicorn Capital Industrial Tech Acquisitions Digital Transformation Opportunities LAMF Global Ventures Juniper II Corp Consilium Acquisition I Israel Acquisitions Corp Da32 Life Science Bullpen Parlay Acquisition

Risk & Return

Correlation

Elliott Opportunity Corporate Management

David Kerko	CoChief Officer	Profile
Terry Kassel	Chief Officer	Profile
Isaac Kim	CoChief Officer	Profile
Nabeel Bhanji	President	Profile
Steven Barg	Chief Officer	Profile

Still Interested in Elliott Opportunity II?

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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