Golden Arrow Correlations

Summary

The current 90-days correlation between Golden Arrow Merger and SHUAA Partners Acquisition is -0.01 (i.e., Good diversification). The correlation of Golden Arrow 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.

Check out Risk vs Return Analysis 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 population.

Moving against Golden Stock

0.71	JPHLF	Japan Post Holdings	Pair Corr
0.7	MSFT	Microsoft Aggressive Push	Pair Corr
0.63	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.61	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.6	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.53	PYPL	PayPal Holdings	Pair Corr
0.48	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.44	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.44	HD	Home Depot	Pair Corr
0.44	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.4	CSCO	Cisco Systems	Pair Corr
0.37	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr

Related Correlations Analysis

	SHUA	NOVV	LGVC	PWUP	MCAF	OPA	GENQ	DTOC	ITAQ	CPAA
SHUA		0.55	0.06	-0.35	0.85	0.85	0.25	0.68	0.64	0.92	SHUA
NOVV	0.55		0.04	0.2	0.61	0.62	0.3	0.53	0.31	0.64	NOVV
LGVC	0.06	0.04		-0.19	0.11	0.01	0.0	0.26	0.12	0.07	LGVC
PWUP	-0.35	0.2	-0.19		-0.3	-0.1	-0.02	-0.16	-0.24	-0.29	PWUP
MCAF	0.85	0.61	0.11	-0.3		0.8	0.22	0.66	0.58	0.86	MCAF
OPA	0.85	0.62	0.01	-0.1	0.8		0.13	0.65	0.55	0.83	OPA
GENQ	0.25	0.3	0.0	-0.02	0.22	0.13		0.05	0.02	0.27	GENQ
DTOC	0.68	0.53	0.26	-0.16	0.66	0.65	0.05		0.68	0.79	DTOC
ITAQ	0.64	0.31	0.12	-0.24	0.58	0.55	0.02	0.68		0.66	ITAQ
CPAA	0.92	0.64	0.07	-0.29	0.86	0.83	0.27	0.79	0.66		CPAA
	SHUA	NOVV	LGVC	PWUP	MCAF	OPA	GENQ	DTOC	ITAQ	CPAA

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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	+ 0.92	SHUA
CPAA	+ 0.86	MCAF
MCAF	+ 0.85	SHUA
OPA	+ 0.85	SHUA
CPAA	+ 0.83	OPA
OPA	+ 0.8	MCAF

High negative correlations

PWUP	- 0.35	SHUA
MCAF	- 0.3	PWUP
CPAA	- 0.29	PWUP
ITAQ	- 0.24	PWUP
PWUP	- 0.19	LGVC
DTOC	- 0.16	PWUP

Risk-Adjusted Indicators

There is a big difference between Golden Stock performing well and Golden Arrow 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 Golden Arrow'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
SHUA	0.13	0.03	(0.24)	(0.39)	0.00	(0.27)	0.56	(0.28)	1.40
NOVV	5.97	2.88	0.00	2.39	0.00	0.00	0.90	0.00	200.08
LGVC	0.37	0.00	(0.07)	(0.58)	0.73	(0.68)	0.67	(0.66)	9.80
PWUP	1.18	0.05	(0.01)	(0.78)	2.36	(2.84)	4.50	(4.59)	20.77
MCAF	0.16	0.03	(0.12)	(2.09)	0.16	(0.30)	0.48	(0.28)	3.30
OPA	0.23	0.02	(0.10)	0.64	0.36	(0.40)	0.58	(0.29)	4.86
GENQ	0.23	(0.06)	0.00	3.91	0.00	0.00	0.28	(0.83)	2.46
DTOC	0.14	0.03	(0.15)	(1.88)	0.00	(0.40)	0.58	(0.20)	1.65
ITAQ	0.18	0.02	(0.20)	(0.78)	0.11	(0.46)	0.67	(0.47)	2.30
CPAA	0.07	0.01	(0.73)	(0.21)	0.00	(0.12)	0.20	(0.10)	0.30

Delisting Warning - GAMC

Golden Arrow Merger was delisted

The entity Golden Arrow Merger with a symbol GAMC was delisted from NASDAQ Exchange. Please try Bolt Projects Holdings, with a symbol BSLK from now on. Check all delisted instruments accross multiple markets.

Still Interested in Golden Arrow Merger?

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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