ESH Acquisition Correlations

ESHA Stock

10.68 0.02 0.19%

The current 90-days correlation between ESH Acquisition Corp and AMCON Distributing is 0.14 (i.e., Average diversification). The correlation of ESH 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.

ESH Acquisition Correlation With Market

Good diversification

The correlation between ESH Acquisition Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ESH Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ESH 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 rate.

Moving together with ESH Stock

0.78	BN	Brookfield Corp	Pair Corr
0.78	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.84	CG	Carlyle Group	Pair Corr
0.87	APO	Apollo Global Management	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	BAM	Brookfield Asset Man	Pair Corr
0.68	BEN	Franklin Resources	Pair Corr
0.85	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.81	KKR	KKR Co LP Normal Trading	Pair Corr
0.84	OWL	Blue Owl Capital	Pair Corr
0.79	MAIN	Main Street Capital	Pair Corr
0.82	ARCC	Ares Capital	Pair Corr
0.78	ARES	Ares Management LP	Pair Corr
0.79	TROW	T Rowe Price	Pair Corr
0.79	C	Citigroup Aggressive Push	Pair Corr
0.66	V	Visa Class A	Pair Corr
0.78	AB	AllianceBernstein	Pair Corr
0.81	AC	Associated Capital	Pair Corr
0.63	AX	Axos Financial	Pair Corr
0.82	BK	Bank of New York Fiscal Year End 10th of January 2025	Pair Corr
0.62	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	CM	Canadian Imperial Bank Earnings Call This Week	Pair Corr
0.8	GS	Goldman Sachs Group Sell-off Trend	Pair Corr
0.65	KB	KB Financial Group	Pair Corr
0.85	LC	LendingClub Corp	Pair Corr
0.85	LX	Lexinfintech Holdings Trending	Pair Corr
0.81	MA	Mastercard	Pair Corr

Moving against ESH Stock

0.45	EG	Everest Group	Pair Corr
0.83	IX	Orix Corp Ads	Pair Corr
0.78	WU	Western Union	Pair Corr
0.76	TD	Toronto Dominion Bank Earnings Call This Week	Pair Corr
0.74	XP	Xp Inc Downward Rally	Pair Corr
0.68	PT	Pintec Technology	Pair Corr
0.68	RM	Regional Management Corp	Pair Corr
0.42	WF	Woori Financial Group	Pair Corr
0.37	HG	Hamilton Insurance Group,	Pair Corr

Related Correlations Analysis

	GO	MRRTY	NIPMY	AMGN	SNDA	DIT	TBBB
GO		0.59	0.0	-0.51	-0.01	-0.08	0.24	GO
MRRTY	0.59		0.0	-0.72	-0.13	-0.53	0.25	MRRTY
NIPMY	0.0	0.0		0.0	0.0	0.0	0.0	NIPMY
AMGN	-0.51	-0.72	0.0		0.56	0.6	-0.36	AMGN
SNDA	-0.01	-0.13	0.0	0.56		0.48	-0.16	SNDA
DIT	-0.08	-0.53	0.0	0.6	0.48		-0.52	DIT
TBBB	0.24	0.25	0.0	-0.36	-0.16	-0.52		TBBB
	GO	MRRTY	NIPMY	AMGN	SNDA	DIT	TBBB

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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

DIT	+ 0.6	AMGN
MRRTY	+ 0.59	GO
SNDA	+ 0.56	AMGN
DIT	+ 0.48	SNDA
TBBB	+ 0.25	MRRTY
TBBB	+ 0.24	GO

High negative correlations

AMGN	- 0.72	MRRTY
DIT	- 0.53	MRRTY
TBBB	- 0.52	DIT
AMGN	- 0.51	GO
TBBB	- 0.36	AMGN
TBBB	- 0.16	SNDA

Risk-Adjusted Indicators

There is a big difference between ESH Stock performing well and ESH 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 ESH 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
GO	2.66	(0.01)	0.03	0.11	3.68	(2.91)	5.45	(5.23)	21.42
MRRTY	2.34	0.44	0.07	(0.33)	2.56	(2.91)	5.12	(5.00)	11.51
NIPMY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AMGN	1.09	(0.33)	0.00	(0.23)	0.00	0.00	1.67	(4.16)	9.43
SNDA	2.37	(0.24)	0.00	(0.06)	0.00	0.00	5.59	(4.77)	12.89
DIT	2.44	(0.15)	0.00	(0.03)	0.00	0.00	7.69	(5.43)	20.23
TBBB	1.86	(0.19)	0.00	(0.11)	0.00	0.00	3.19	(3.97)	11.92

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