Distoken Acquisition Correlations

DISTWDelisted Stock

0.12 0.01 9.09%

The current 90-days correlation between Distoken Acquisition and Broadstone Net Lease is 0.16 (i.e., Average diversification). The correlation of Distoken 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.

Distoken Acquisition Correlation With Market

Average diversification

The correlation between Distoken Acquisition and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Distoken Acquisition and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities 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 real.

Moving together with Distoken Stock

0.85	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.76	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.94	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.9	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.92	MFG	Mizuho Financial	Pair Corr
0.75	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.65	TRV	The Travelers Companies	Pair Corr
0.66	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.79	BAC	Bank of America Earnings Call This Week	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.69	MCD	McDonalds	Pair Corr
0.77	CSCO	Cisco Systems	Pair Corr
0.88	WMT	Walmart Common Stock	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr
0.68	XOM	Exxon Mobil Corp	Pair Corr

Moving against Distoken Stock

0.66	HD	Home Depot	Pair Corr
0.63	T	ATT Inc	Pair Corr

Related Correlations Analysis

	BNL	GRRP	SBGI	RYAM	KNOIF	SKRJ	DD	IRNRF
BNL		0.0	-0.53	0.65	-0.75	0.0	-0.63	-0.66	BNL
GRRP	0.0		0.0	0.0	0.0	1.0	0.0	0.0	GRRP
SBGI	-0.53	0.0		-0.78	0.48	0.0	0.81	0.86	SBGI
RYAM	0.65	0.0	-0.78		-0.37	0.0	-0.67	-0.8	RYAM
KNOIF	-0.75	0.0	0.48	-0.37		0.0	0.74	0.61	KNOIF
SKRJ	0.0	1.0	0.0	0.0	0.0		0.0	0.0	SKRJ
DD	-0.63	0.0	0.81	-0.67	0.74	0.0		0.94	DD
IRNRF	-0.66	0.0	0.86	-0.8	0.61	0.0	0.94		IRNRF
	BNL	GRRP	SBGI	RYAM	KNOIF	SKRJ	DD	IRNRF

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

SKRJ	+ 1.0	GRRP
IRNRF	+ 0.94	DD
IRNRF	+ 0.86	SBGI
DD	+ 0.81	SBGI
DD	+ 0.74	KNOIF
RYAM	+ 0.65	BNL

High negative correlations

IRNRF	- 0.8	RYAM
RYAM	- 0.78	SBGI
KNOIF	- 0.75	BNL
DD	- 0.67	RYAM
IRNRF	- 0.66	BNL
DD	- 0.63	BNL

Risk-Adjusted Indicators

There is a big difference between Distoken Stock performing well and Distoken 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 Distoken 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
BNL	0.78	(0.03)	0.00	(0.05)	0.00	0.00	1.82	(1.54)	6.01
GRRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBGI	1.97	0.14	0.04	0.44	2.05	(2.34)	3.49	(3.25)	23.63
RYAM	2.01	(0.11)	(0.03)	0.00	2.47	(2.38)	4.70	(3.60)	19.80
KNOIF	0.30	0.13	0.00	0.87	0.00	0.00	0.00	0.00	10.08
SKRJ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DD	1.32	0.30	0.19	0.30	1.19	(1.45)	3.40	(2.18)	11.55
IRNRF	0.63	0.34	0.00	(0.87)	0.00	0.00	0.00	0.00	21.05

Distoken Acquisition Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Distoken Acquisition stock to make a market-neutral strategy. Peer analysis of Distoken Acquisition could also be used in its relative valuation, which is a method of valuing Distoken Acquisition by comparing valuation metrics with similar companies.

Broadstone Net Lease Granite Broadcasting Sinclair Broadcast Group Rayonier Advanced Materials Konoike Transport CoLtd Silk Road Entertainment Dupont De Nemours Iron Road Limited American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Distoken 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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