NorthView Acquisition Correlations

NVACR Stock

USD 0.04 0 3.30%

The current 90-days correlation between NorthView Acquisition and Visa Class A is 0.08 (i.e., Significant diversification). The correlation of NorthView 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NorthView 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 main economic indicators.

To learn how to invest in NorthView Stock, please use our How to Invest in NorthView Acquisition guide.

Moving against NorthView Stock

0.46	DX	Dynex Capital	Pair Corr
0.4	PX	P10 Inc	Pair Corr
0.39	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.37	DIST	Distoken Acquisition	Pair Corr
0.35	V	Visa Class A	Pair Corr
0.35	BN	Brookfield Corp	Pair Corr
0.33	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.33	MC	Moelis	Pair Corr
0.32	RM	Regional Management Corp	Pair Corr
0.37	WT	WisdomTree	Pair Corr
0.36	DMYY	dMY Squared Technology	Pair Corr
0.36	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.33	GCMGW	GCM Grosvenor	Pair Corr
0.32	VRTS	Virtus Investment	Pair Corr
0.31	VCTR	Victory Capital Holdings Normal Trading	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.53	0.93	0.45	0.49	0.88	0.89	0.8	-0.1	0.71	V
DHIL	0.53		0.51	0.21	0.29	0.67	0.67	0.49	-0.28	0.36	DHIL
DIST	0.93	0.51		0.3	0.39	0.88	0.85	0.73	-0.1	0.69	DIST
AB	0.45	0.21	0.3		0.75	0.38	0.53	0.7	-0.08	0.32	AB
AC	0.49	0.29	0.39	0.75		0.5	0.59	0.76	0.09	0.36	AC
BN	0.88	0.67	0.88	0.38	0.5		0.9	0.82	0.02	0.76	BN
BX	0.89	0.67	0.85	0.53	0.59	0.9		0.89	-0.14	0.72	BX
CG	0.8	0.49	0.73	0.7	0.76	0.82	0.89		0.01	0.56	CG
DB	-0.1	-0.28	-0.1	-0.08	0.09	0.02	-0.14	0.01		0.19	DB
DX	0.71	0.36	0.69	0.32	0.36	0.76	0.72	0.56	0.19		DX
	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX

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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

DIST	+ 0.93	V
BX	+ 0.9	BN
BX	+ 0.89	V
CG	+ 0.89	BX
BN	+ 0.88	V
BN	+ 0.88	DIST

High negative correlations

DB	- 0.28	DHIL
DB	- 0.14	BX
DB	- 0.1	DIST
DB	- 0.1	V
DB	- 0.08	AB

Risk-Adjusted Indicators

There is a big difference between NorthView Stock performing well and NorthView 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 NorthView 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
V	0.83	0.13	0.09	0.19	1.16	(0.88)	1.65	(1.43)	7.49
DHIL	1.21	(0.11)	0.00	(0.04)	0.00	0.00	2.20	(2.64)	10.43
DIST	0.19	0.04	0.00	(2.52)	0.26	(0.40)	0.45	(0.18)	3.45
AB	1.20	0.09	0.07	0.16	1.14	(1.45)	2.84	(2.14)	7.82
AC	1.29	0.10	0.04	0.18	1.85	(1.31)	3.00	(2.64)	12.09
BN	1.15	0.09	0.07	0.11	1.41	(1.26)	2.30	(1.89)	9.51
BX	1.37	0.13	0.08	0.12	1.68	(1.44)	3.21	(2.84)	12.51
CG	1.50	0.22	0.14	0.14	1.53	(1.69)	4.10	(3.08)	15.08
DB	1.23	0.01	0.00	0.06	1.48	(1.30)	2.99	(2.44)	6.86
DX	0.71	0.04	0.02	0.13	0.93	(0.70)	1.13	(1.47)	3.83

NorthView Acquisition Corporate Executives

Elected by the shareholders, the NorthView Acquisition's board of directors comprises two types of representatives: NorthView Acquisition inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NorthView. The board's role is to monitor NorthView Acquisition's management team and ensure that shareholders' interests are well served. NorthView Acquisition'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, NorthView Acquisition's outside directors are responsible for providing unbiased perspectives on the board's policies.

Fred Knechtel

Executive CoFounder

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NorthView Acquisition Correlations

Moving against NorthView Stock

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

NorthView Acquisition Corporate Executives

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