ROC Energy Correlations

Delisted . USA . 
Stock . ROC Energy Acquisition
ROCDelisted Stock  USD 5.09  1.89  27.08%   
The current 90-days correlation between ROC Energy Acquisition and Genesis Growth Tech is 0.09 (i.e., Significant diversification). The correlation of ROC Energy 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.

ROC Energy Correlation With Market

Good diversification

The correlation between ROC Energy Acquisition and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ROC Energy Acquisition and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Moving against ROC Stock

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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   
CPAA
+ 0.86
MEOA
CREC
+ 0.67
MEOA
CPAA
+ 0.67
FGMC
FGMC
+ 0.66
MEOA
CPAA
+ 0.64
GGAA
UPTD
+ 0.61
FGMC
  
High negative correlations   
CPAA
- 0.75
JWAC
JWAC
- 0.74
MEOA
FGMC
- 0.57
JWAC
JWAC
- 0.5
GGAA
JWAC
- 0.48
FATP
JWAC
- 0.44
CREC

Risk-Adjusted Indicators

There is a big difference between ROC Stock performing well and ROC Energy 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 ROC Energy'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
GGAA  3.49  1.46  0.44 (1.61) 1.91 
(5.67)
 7.08 
(3.29)
 81.26 
MEOA  4.18  2.15  0.00 (11.19) 0.00 
 0.00 
 0.81 
(0.18)
 140.18 
ROCG  0.36 (0.06) 0.00  0.81  0.00 
 0.00 
 0.48 
(1.15)
 8.48 
FATP  0.34 (0.02) 0.00  0.16  0.00 
 0.00 
 0.83 
(0.92)
 2.71 
CREC  1.23  0.07  0.01  0.58  1.97 
(1.59)
 3.77 
(3.11)
 14.89 
JWAC  6.92  0.14  0.00 (0.03) 13.27 
(7.44)
 29.88 
(23.44)
 94.90 
FGMC  0.29  0.01 (0.01) 0.13  0.75 
(0.46)
 0.47 
(0.38)
 5.85 
UPTD  0.52 (0.01)(0.03)(0.01) 0.84 
(1.07)
 1.31 
(1.56)
 6.57 
LGVC  0.37  0.00 (0.02) 0.13  0.73 
(0.68)
 0.67 
(0.66)
 9.80 
CPAA  0.07  0.01 (0.22)(0.37) 0.00 
(0.12)
 0.20 
(0.10)
 0.30 

View ROC Energy Related Equities

 Risk & Return  Correlation

Still Interested in ROC Energy Acquisition?

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.
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