Proof Acquisition Correlations
| PACIDelisted Stock | USD 10.57 0.00 0.00% |
The correlation of Proof 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.
Proof Acquisition Correlation With Market
Very good diversification
The correlation between Proof Acquisition I and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Proof Acquisition I and DJI in the same portfolio, assuming nothing else is changed.
Proof |
Moving together with Proof Stock
| 0.75 | SSNLF | Samsung Electronics | PairCorr |
| 0.84 | PTAIF | PT Astra International | PairCorr |
| 0.82 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.77 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.91 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.67 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.89 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.83 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.85 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.85 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.86 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.83 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
Moving against Proof Stock
| 0.93 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.92 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.89 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.89 | BKRKY | Bank Rakyat | PairCorr |
| 0.88 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.86 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.86 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.81 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.65 | PBCRY | Bank Central Asia | PairCorr |
| 0.45 | PBCRF | PT Bank Central | PairCorr |
Related Correlations Analysis
| 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 Proof Stock performing well and Proof 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 Proof 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCWF | 7.78 | 1.85 | 0.05 | (0.57) | 8.75 | 43.75 | 121.82 | |||
| TMXN | 12.73 | 1.17 | 0.05 | 0.43 | 14.12 | 50.00 | 154.55 | |||
| AACIU | 0.92 | (0.09) | 0.00 | (0.10) | 0.00 | 4.19 | 19.47 | |||
| AESO | 10.86 | 1.39 | 0.06 | 0.61 | 11.82 | 39.13 | 104.41 |
Delisting Warning - PACI
Proof Acquisition was delisted
| The entity Proof Acquisition I with a symbol PACI was delisted from New York Stock Exchange. Please try Volato Group with a symbol SOAR from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Proof Acquisition I?
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.