Plum Acquisition Correlations

PLMJ Stock

11.10 0.04 0.36%

The current 90-days correlation between Plum Acquisition Corp and Visa Class A is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plum Acquisition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plum Acquisition Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Plum Acquisition Correlation With Market

Good diversification

The correlation between Plum Acquisition Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plum Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Plum 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 population.

Moving together with Plum Stock

0.88	V	Visa Class A	Pair Corr
0.86	DIST	Distoken Acquisition	Pair Corr
0.64	AC	Associated Capital	Pair Corr
0.87	BN	Brookfield Corp	Pair Corr
0.91	BX	Blackstone Group Fiscal Year End 23rd of January 2025	Pair Corr
0.88	CG	Carlyle Group	Pair Corr
0.88	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.94	LC	LendingClub Corp	Pair Corr
0.75	LX	Lexinfintech Holdings	Pair Corr
0.9	MA	Mastercard	Pair Corr
0.69	MC	Moelis	Pair Corr
0.91	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.82	PX	P10 Inc	Pair Corr
0.81	QD	Qudian Inc	Pair Corr
0.88	SF	Stifel Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.83	WT	WisdomTree	Pair Corr
0.87	VCTR	Victory Capital Holdings	Pair Corr
0.7	GCMGW	GCM Grosvenor	Pair Corr
0.71	VINP	Vinci Partners Inves	Pair Corr
0.79	VIRT	Virtu Financial Fiscal Year End 23rd of January 2025	Pair Corr
0.85	DYCQ	DT Cloud Acquisition	Pair Corr
0.87	VRTS	Virtus Investment	Pair Corr

Moving against Plum Stock

0.55	LU	Lufax Holding	Pair Corr
0.44	PT	Pintec Technology	Pair Corr
0.82	WU	Western Union	Pair Corr
0.76	XP	Xp Inc	Pair Corr
0.73	BRACU	Broad Capital Acquisition	Pair Corr
0.49	WD	Walker Dunlop	Pair Corr
0.45	PWUPU	PowerUp Acquisition Corp	Pair Corr
0.45	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.42	EMCGU	Embrace Change Acqui	Pair Corr
0.36	BRKHU	BurTech Acquisition Corp	Pair Corr

Related Correlations Analysis

	V	DHIL	DIST	AB	AC	BN	BX	CG	DB	DX
V		0.65	0.91	0.44	0.52	0.87	0.92	0.81	-0.06	0.65	V
DHIL	0.65		0.58	0.26	0.26	0.59	0.68	0.48	-0.31	0.45	DHIL
DIST	0.91	0.58		0.32	0.45	0.91	0.87	0.76	0.02	0.61	DIST
AB	0.44	0.26	0.32		0.79	0.4	0.57	0.73	-0.01	0.22	AB
AC	0.52	0.26	0.45	0.79		0.57	0.61	0.8	0.16	0.26	AC
BN	0.87	0.59	0.91	0.4	0.57		0.87	0.81	0.11	0.64	BN
BX	0.92	0.68	0.87	0.57	0.61	0.87		0.88	-0.09	0.67	BX
CG	0.81	0.48	0.76	0.73	0.8	0.81	0.88		0.08	0.46	CG
DB	-0.06	-0.31	0.02	-0.01	0.16	0.11	-0.09	0.08		0.19	DB
DX	0.65	0.45	0.61	0.22	0.26	0.64	0.67	0.46	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

BX	+ 0.92	V
DIST	+ 0.91	V
BN	+ 0.91	DIST
CG	+ 0.88	BX
BN	+ 0.87	V
BX	+ 0.87	DIST

High negative correlations

DB	- 0.31	DHIL
DB	- 0.09	BX
DB	- 0.06	V
DB	- 0.01	AB

Risk-Adjusted Indicators

There is a big difference between Plum Stock performing well and Plum 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 Plum 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	0.84	0.12	0.08	0.17	1.19	(0.89)	1.65	(1.43)	7.49
DHIL	1.23	(0.11)	0.00	(0.05)	0.00	0.00	2.22	(2.64)	10.43
DIST	0.19	0.04	0.02	1.07	0.26	(0.39)	0.45	(0.18)	3.45
AB	1.12	0.06	0.04	0.11	1.10	(1.36)	2.46	(2.14)	7.82
AC	1.34	0.17	0.08	0.24	1.77	(1.41)	3.00	(2.64)	12.09
BN	1.19	0.15	0.09	0.58	1.38	(1.39)	2.46	(1.89)	6.44
BX	1.39	0.11	0.07	0.10	1.65	(1.50)	3.21	(2.84)	12.51
CG	1.56	0.20	0.12	0.12	1.57	(1.76)	4.14	(3.08)	15.08
DB	1.23	0.04	0.02	0.09	1.44	(1.37)	2.99	(2.44)	6.86
DX	0.74	(0.01)	(0.02)	(0.01)	1.08	(0.69)	1.10	(1.75)	3.85

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