Coliseum Acquisition Correlations
MITAU Stock | USD 11.05 0.00 0.00% |
The current 90-days correlation between Coliseum Acquisition Corp and Zimmer Energy Transition is -0.01 (i.e., Good diversification). The correlation of Coliseum 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.
Coliseum Acquisition Correlation With Market
Significant diversification
The correlation between Coliseum Acquisition Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coliseum Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.
Coliseum |
Moving against Coliseum Stock
0.44 | COF | Capital One Financial Sell-off Trend | PairCorr |
0.41 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
0.4 | AMP | Ameriprise Financial Fiscal Year End 22nd of January 2025 | PairCorr |
0.39 | FINV | FinVolution Group | PairCorr |
0.36 | MS | Morgan Stanley Fiscal Year End 21st of January 2025 | PairCorr |
0.36 | ENVA | Enova International | PairCorr |
0.36 | AGM | Federal Agricultural | PairCorr |
0.46 | PPYAU | Papaya Growth Opportunity | PairCorr |
0.43 | DFS | Discover Financial Fiscal Year End 15th of January 2025 | PairCorr |
0.41 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
0.4 | NMR | Nomura Holdings ADR | PairCorr |
0.4 | LRFC | Logan Ridge Finance | PairCorr |
0.37 | SYF | Synchrony Financial Fiscal Year End 28th of January 2025 | PairCorr |
0.35 | SLM | SLM Corp Sell-off Trend | PairCorr |
0.35 | MFIN | Medallion Financial Corp Normal Trading | PairCorr |
0.34 | FRHC | Freedom Holding Corp | PairCorr |
0.34 | IREN | Iris Energy | PairCorr |
0.44 | C | Citigroup Fiscal Year End 10th of January 2025 | PairCorr |
0.43 | ALLY | Ally Financial Fiscal Year End 17th of January 2025 | PairCorr |
0.4 | APAM | Artisan Partners Asset Fiscal Year End 4th of February 2025 | PairCorr |
0.4 | SEIC | SEI Investments | PairCorr |
0.38 | CODI | Compass Diversified | PairCorr |
0.37 | RMCO | Royalty Management | PairCorr |
Related Correlations Analysis
-0.1 | 0.46 | 0.49 | 0.32 | ZTAQU | ||
-0.1 | -0.24 | -0.16 | -0.15 | FICVU | ||
0.46 | -0.24 | 0.66 | 0.57 | JUGGU | ||
0.49 | -0.16 | 0.66 | 0.83 | DNAB | ||
0.32 | -0.15 | 0.57 | 0.83 | FWAC | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Coliseum Stock performing well and Coliseum 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 Coliseum 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ZTAQU | 0.39 | 0.01 | (0.04) | (4.21) | 0.87 | 0.89 | 8.84 | |||
FICVU | 0.21 | 0.00 | (0.04) | (0.14) | 0.67 | 0.29 | 9.40 | |||
JUGGU | 0.16 | 0.00 | (0.09) | 0.48 | 0.32 | 0.48 | 3.07 | |||
DNAB | 0.06 | 0.01 | (0.66) | (0.47) | 0.00 | 0.10 | 0.49 | |||
FWAC | 1.23 | 0.20 | 0.06 | 0.82 | 1.23 | 4.00 | 8.95 |
Coliseum Acquisition Corporate Management
Oanh Truong | Chief Officer | Profile | |
Jason Stein | CoCEO Director | Profile | |
Jason Beren | Chief Officer | Profile | |
Daniel Haimovic | CoCEO Director | Profile | |
Andrew Esq | COO Counsel | Profile |