ESH Acquisition Correlations

ESHAR Stock

0.09 0.01 10.00%

The current 90-days correlation between ESH Acquisition Corp and Kura Sushi USA is 0.27 (i.e., Modest 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ESH Acquisition Correlation With Market

Good diversification

The correlation between ESH Acquisition Corp and DJI is -0.09 (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 nation.

Moving together with ESH Stock

0.73

BRKHU

BurTech Acquisition Corp

Pair Corr

Moving against ESH Stock

0.71	DIST	Distoken Acquisition	Pair Corr
0.66	DYCQ	DT Cloud Acquisition	Pair Corr
0.63	DSAQ	Direct Selling Acqui	Pair Corr
0.58	DTSQ	DT Cloud Star	Pair Corr
0.57	DUET	DUET Acquisition Corp	Pair Corr
0.57	NOVVU	Nova Vision Acquisition	Pair Corr
0.47	YHNAU	YHN Acquisition I	Pair Corr
0.42	TETEU	Technology Telecommunicatio	Pair Corr
0.76	OCAXW	OCA Acquisition Corp	Pair Corr
0.75	EMCG	Embrace Change Acqui	Pair Corr
0.72	WAVSU	Western Acquisition	Pair Corr
0.69	EURK	Eureka Acquisition Corp	Pair Corr
0.65	FRLAU	Fortune Rise Acquisition	Pair Corr
0.63	EVGR	Evergreen Corp	Pair Corr
0.63	ANSCW	Agriculture Natural	Pair Corr
0.53	DISTR	Distoken Acquisition	Pair Corr
0.53	FHLT	Future Health Esg	Pair Corr
0.49	ESHA	ESH Acquisition Corp	Pair Corr
0.4	WTMA	Welsbach Technology	Pair Corr
0.36	BAYAR	Bayview Acquisition Corp	Pair Corr

Related Correlations Analysis

	KRUS	DENN	RXT	QLYS	RICK
KRUS		0.08	0.15	0.63	0.69	KRUS
DENN	0.08		0.23	0.22	0.19	DENN
RXT	0.15	0.23		0.31	0.21	RXT
QLYS	0.63	0.22	0.31		0.94	QLYS
RICK	0.69	0.19	0.21	0.94		RICK
	KRUS	DENN	RXT	QLYS	RICK

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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
KRUS	2.63	0.20	0.10	0.18	2.92	(2.87)	6.67	(4.62)	15.74
DENN	2.58	0.07	0.02	0.15	3.63	(2.92)	6.40	(4.19)	26.32
RXT	3.06	0.04	0.00	0.15	3.86	(3.60)	6.67	(7.03)	21.75
QLYS	1.78	0.01	0.13	0.09	1.44	(2.25)	3.17	(2.61)	26.78
RICK	1.54	0.09	0.11	0.14	1.27	(2.00)	3.64	(2.23)	11.15

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