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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Coliseum 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.

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Related Correlations Analysis

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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   
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High negative correlations   
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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.

Coliseum Acquisition Corporate Management

Oanh TruongChief OfficerProfile
Jason SteinCoCEO DirectorProfile
Jason BerenChief OfficerProfile
Daniel HaimovicCoCEO DirectorProfile
Andrew EsqCOO CounselProfile