Flag Ship Correlations

FSHPU Stock

10.43 0.00 0.00%

The current 90-days correlation between Flag Ship Acquisition and Mesa Air Group is -0.06 (i.e., Good diversification). The correlation of Flag Ship 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.

Flag Ship Correlation With Market

Good diversification

The correlation between Flag Ship Acquisition and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Flag Ship Acquisition 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 Flag Ship Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Flag Stock

0.61	YHNAU	YHN Acquisition I	Pair Corr
0.69	DSAQ	Direct Selling Acqui	Pair Corr
0.69	DTSQ	DT Cloud Star	Pair Corr
0.72	NOVVU	Nova Vision Acquisition	Pair Corr
0.69	EURK	Eureka Acquisition Corp	Pair Corr
0.66	OCAXW	OCA Acquisition Corp	Pair Corr
0.62	FHLT	Future Health Esg	Pair Corr
0.79	AAM	AA Mission Acquisition	Pair Corr
0.71	ALF	Centurion Acquisition	Pair Corr
0.63	CUB	Lionheart Holdings	Pair Corr

Moving against Flag Stock

0.68	IMAQR	International Media	Pair Corr
0.58	BRACR	Broad Capital Acquisition	Pair Corr
0.36	ROCLU	Roth CH Acquisition	Pair Corr
0.32	IMAQU	International Media	Pair Corr
0.73	INTEW	Integral Acquisition	Pair Corr
0.71	BUJAR	Bukit Jalil Global	Pair Corr
0.71	GHIXW	Gores Holdings IX	Pair Corr
0.58	BCSAW	Blockchain Coinvestors	Pair Corr
0.56	IRAA	Iris Acquisition Corp	Pair Corr
0.54	APXIU	APx Acquisition Corp	Pair Corr
0.37	GHIX	Gores Holdings IX	Pair Corr
0.33	SWSSU	Springwater Special	Pair Corr

Related Correlations Analysis

	CMLS	NTES	UAL	GZITF	VRRM	MESA	CRSR	IH
CMLS		-0.04	-0.95	-0.94	0.96	0.47	-0.47	0.48	CMLS
NTES	-0.04		0.04	0.07	0.03	0.58	0.47	0.42	NTES
UAL	-0.95	0.04		0.89	-0.9	-0.48	0.5	-0.53	UAL
GZITF	-0.94	0.07	0.89		-0.93	-0.34	0.52	-0.54	GZITF
VRRM	0.96	0.03	-0.9	-0.93		0.52	-0.4	0.5	VRRM
MESA	0.47	0.58	-0.48	-0.34	0.52		0.1	0.33	MESA
CRSR	-0.47	0.47	0.5	0.52	-0.4	0.1		-0.17	CRSR
IH	0.48	0.42	-0.53	-0.54	0.5	0.33	-0.17		IH
	CMLS	NTES	UAL	GZITF	VRRM	MESA	CRSR	IH

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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

VRRM	+ 0.96	CMLS
GZITF	+ 0.89	UAL
MESA	+ 0.58	NTES
CRSR	+ 0.52	GZITF
MESA	+ 0.52	VRRM
CRSR	+ 0.5	UAL

High negative correlations

UAL	- 0.95	CMLS
GZITF	- 0.94	CMLS
VRRM	- 0.93	GZITF
VRRM	- 0.9	UAL
IH	- 0.54	GZITF
IH	- 0.53	UAL

Risk-Adjusted Indicators

There is a big difference between Flag Stock performing well and Flag Ship 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 Flag Ship'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
CMLS	3.30	(0.93)	0.00	(221.35)	0.00	0.00	6.85	(6.58)	26.58
NTES	2.23	0.33	0.12	(0.53)	2.39	(2.56)	7.89	(4.44)	15.03
UAL	2.05	0.93	0.47	9.85	1.22	(2.54)	6.47	(3.02)	16.69
GZITF	0.84	0.43	0.00	(1.56)	0.00	0.00	0.00	0.00	26.67
VRRM	1.27	(0.24)	0.00	(0.38)	0.00	0.00	2.49	(2.88)	14.00
MESA	3.03	(0.06)	0.00	(0.04)	0.00	0.00	6.19	(6.50)	23.34
CRSR	2.51	(0.06)	0.00	(0.01)	0.00	0.00	6.96	(4.32)	14.96
IH	2.64	0.25	0.07	(0.39)	2.81	(3.05)	6.16	(4.88)	22.95

Flag Ship Corporate Executives

Elected by the shareholders, the Flag Ship's board of directors comprises two types of representatives: Flag Ship inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Flag. The board's role is to monitor Flag Ship's management team and ensure that shareholders' interests are well served. Flag Ship's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Flag Ship's outside directors are responsible for providing unbiased perspectives on the board's policies.

Luhuan Zhong

CFO Officer

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