Distoken Acquisition Correlations

DIST Stock

11.18 0.16 1.45%

The current 90-days correlation between Distoken Acquisition and Sweetgreen is -0.04 (i.e., Good 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 0.15 (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, which includes a position in Distoken Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

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

Moving together with Distoken Stock

0.86	V	Visa Class A	Pair Corr
0.67	DHIL	Diamond Hill Investment	Pair Corr
0.67	AB	AllianceBernstein	Pair Corr
0.69	AC	Associated Capital	Pair Corr
0.79	BN	Brookfield Corp	Pair Corr
0.86	BX	Blackstone Group Normal Trading	Pair Corr
0.77	CG	Carlyle Group	Pair Corr
0.88	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.84	LC	LendingClub Corp	Pair Corr
0.66	LX	Lexinfintech Holdings	Pair Corr
0.8	MA	Mastercard	Pair Corr
0.73	MC	Moelis Potential Growth	Pair Corr
0.9	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.89	PX	P10 Inc	Pair Corr
0.78	QD	Qudian Inc	Pair Corr
0.89	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.64	TW	Tradeweb Markets Normal Trading	Pair Corr
0.85	WT	WisdomTree	Pair Corr
0.87	VCTR	Victory Capital Holdings Normal Trading	Pair Corr
0.79	DUET	DUET Acquisition Corp	Pair Corr
0.9	VIRT	Virtu Financial Normal Trading	Pair Corr
0.72	DYCQ	DT Cloud Acquisition	Pair Corr
0.84	VRTS	Virtus Investment	Pair Corr

Moving against Distoken Stock

0.62	PT	Pintec Technology	Pair Corr
0.81	XP	Xp Inc	Pair Corr
0.78	WU	Western Union	Pair Corr
0.59	RM	Regional Management Corp	Pair Corr
0.35	DMYY	dMY Squared Technology	Pair Corr
0.35	PWUPW	PowerUp Acquisition Corp	Pair Corr
0.79	BRKHW	BurTech Acquisition Corp	Pair Corr
0.7	BRKHU	BurTech Acquisition Corp	Pair Corr
0.56	BRACU	Broad Capital Acquisition	Pair Corr
0.36	PFTAU	Portage Fintech Acqu	Pair Corr

Related Correlations Analysis

	SG	CAKE	UEC	BJRI	BTBD	WING	CAHPF
SG		0.57	0.73	0.69	0.19	-0.27	0.66	SG
CAKE	0.57		0.76	0.8	0.08	-0.76	0.51	CAKE
UEC	0.73	0.76		0.87	0.39	-0.49	0.82	UEC
BJRI	0.69	0.8	0.87		0.28	-0.51	0.77	BJRI
BTBD	0.19	0.08	0.39	0.28		0.02	0.46	BTBD
WING	-0.27	-0.76	-0.49	-0.51	0.02		-0.31	WING
CAHPF	0.66	0.51	0.82	0.77	0.46	-0.31		CAHPF
	SG	CAKE	UEC	BJRI	BTBD	WING	CAHPF

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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

BJRI	+ 0.87	UEC
CAHPF	+ 0.82	UEC
BJRI	+ 0.8	CAKE
CAHPF	+ 0.77	BJRI
UEC	+ 0.76	CAKE
UEC	+ 0.73	SG

High negative correlations

WING	- 0.76	CAKE
WING	- 0.51	BJRI
WING	- 0.49	UEC
CAHPF	- 0.31	WING
WING	- 0.27	SG

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
SG	3.23	0.13	0.07	0.16	3.34	(3.77)	7.39	(6.27)	15.89
CAKE	1.78	0.17	0.11	0.24	1.62	(2.18)	5.11	(3.10)	13.08
UEC	3.54	0.63	0.20	0.36	3.25	(4.39)	11.59	(5.58)	22.80
BJRI	1.95	0.01	0.02	0.10	2.24	(2.23)	4.05	(2.64)	13.19
BTBD	3.43	0.26	0.05	0.56	3.54	(4.53)	9.33	(6.45)	21.24
WING	2.05	(0.29)	0.00	(0.09)	0.00	0.00	3.90	(4.14)	26.70
CAHPF	2.53	0.22	0.05	0.32	2.76	(3.53)	5.39	(5.43)	21.17

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