Yotta Acquisition Correlations

YOTAU Stock

USD 11.34 0.15 1.34%

The current 90-days correlation between Yotta Acquisition Corp and SEI Investments is 0.19 (i.e., Average diversification). The correlation of Yotta 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.

Yotta Acquisition Correlation With Market

Modest diversification

The correlation between Yotta Acquisition Corp and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yotta Acquisition Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Yotta 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.

For more information on how to buy Yotta Stock please use our How to Invest in Yotta Acquisition guide.

Moving against Yotta Stock

0.81	FDUS	Fidus Investment Corp	Pair Corr
0.75	V	Visa Class A	Pair Corr
0.7	AGM	Federal Agricultural	Pair Corr
0.66	ECPG	Encore Capital Group	Pair Corr
0.64	ENVA	Enova International	Pair Corr
0.57	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.56	COF	Capital One Financial Sell-off Trend	Pair Corr
0.54	MA	Mastercard	Pair Corr
0.49	MS	Morgan Stanley Fiscal Year End 21st of January 2025	Pair Corr
0.48	AMP	Ameriprise Financial Fiscal Year End 22nd of January 2025	Pair Corr
0.75	NMR	Nomura Holdings ADR	Pair Corr
0.68	OPRT	Oportun Financial Corp	Pair Corr
0.62	SLM	SLM Corp Sell-off Trend	Pair Corr
0.61	FRHC	Freedom Holding Corp	Pair Corr
0.6	DFS	Discover Financial Fiscal Year End 15th of January 2025	Pair Corr
0.58	SYF	Synchrony Financial Fiscal Year End 28th of January 2025	Pair Corr
0.53	IREN	Iris Energy	Pair Corr
0.44	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.39	LRFC	Logan Ridge Finance	Pair Corr
0.38	MFIN	Medallion Financial Corp Normal Trading	Pair Corr
0.31	IPXXU	Inflection Point Acq	Pair Corr
0.76	BBDC	Barings BDC	Pair Corr
0.68	CODI	Compass Diversified	Pair Corr
0.66	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.65	CNNE	Cannae Holdings	Pair Corr
0.61	UMAC	Unusual Machines, Trending	Pair Corr
0.61	UPST	Upstart Holdings Buyout Trend	Pair Corr

Related Correlations Analysis

	SEIC	CAHPF	UEC	PMNXF	GME	MNTK	WHTGF
SEIC		0.3	0.77	-0.34	0.89	-0.53	0.0	SEIC
CAHPF	0.3		0.63	0.58	0.09	0.24	0.0	CAHPF
UEC	0.77	0.63		0.08	0.63	-0.15	0.0	UEC
PMNXF	-0.34	0.58	0.08		-0.53	0.61	0.0	PMNXF
GME	0.89	0.09	0.63	-0.53		-0.72	0.0	GME
MNTK	-0.53	0.24	-0.15	0.61	-0.72		0.0	MNTK
WHTGF	0.0	0.0	0.0	0.0	0.0	0.0		WHTGF
	SEIC	CAHPF	UEC	PMNXF	GME	MNTK	WHTGF

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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

GME	+ 0.89	SEIC
UEC	+ 0.77	SEIC
UEC	+ 0.63	CAHPF
GME	+ 0.63	UEC
MNTK	+ 0.61	PMNXF
PMNXF	+ 0.58	CAHPF

High negative correlations

MNTK	- 0.72	GME
GME	- 0.53	PMNXF
MNTK	- 0.53	SEIC
PMNXF	- 0.34	SEIC
MNTK	- 0.15	UEC
WHTGF	- 0.0	MNTK

Risk-Adjusted Indicators

There is a big difference between Yotta Stock performing well and Yotta 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 Yotta 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
SEIC	0.79	0.31	0.30	0.48	0.41	(0.96)	1.57	(1.56)	7.23
CAHPF	2.19	0.20	0.05	0.41	2.41	(3.40)	5.33	(4.24)	21.17
UEC	2.99	0.57	0.19	0.55	2.71	(3.76)	6.83	(5.34)	17.83
PMNXF	1.96	0.17	0.00	(0.07)	2.91	(2.17)	3.95	(4.92)	16.43
GME	2.55	0.43	0.17	0.48	2.28	(3.07)	7.58	(4.19)	18.12
MNTK	2.68	(0.17)	0.00	(0.04)	0.00	0.00	4.73	(4.41)	25.54
WHTGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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