Haoxi Health Correlations

HAO Etf

USD 0.25 0.02 8.70%

The current 90-days correlation between Haoxi Health Technology and Airnet Technology is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Haoxi Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Haoxi Health Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Haoxi Health Correlation With Market

Good diversification

The correlation between Haoxi Health Technology and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Haoxi Health Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Haoxi Health Technology. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Haoxi Etf

0.76	BATRA	Atlanta Braves Holdings,	Pair Corr
0.67	BATRK	Atlanta Braves Holdings,	Pair Corr
0.75	ADV	Advantage Solutions	Pair Corr
0.86	AMC	AMC Entertainment	Pair Corr
0.83	EEX	Emerald Expositions	Pair Corr
0.91	LVO	LiveOne	Pair Corr

Moving against Haoxi Etf

0.87	SE	Sea	Pair Corr
0.81	TV	Grupo Televisa SAB	Pair Corr
0.77	CHR	Cheer Holding	Pair Corr
0.64	BOC	Boston Omaha Corp	Pair Corr
0.63	CURIW	CuriosityStream	Pair Corr
0.61	FLNT	Fluent Inc	Pair Corr
0.49	WIMI	WiMi Hologram Cloud	Pair Corr
0.42	IQ	iQIYI Inc	Pair Corr
0.42	WLYB	John Wiley Sons	Pair Corr
0.37	VSME	VS Media Holdings	Pair Corr
0.9	EDR	Endeavor Group Holdings	Pair Corr
0.82	LYV	Live Nation Entertainment	Pair Corr
0.68	EVC	Entravision Communications	Pair Corr
0.68	LEE	Lee Enterprises	Pair Corr
0.63	FOXA	Fox Corp Class	Pair Corr
0.6	DIS	Walt Disney Aggressive Push	Pair Corr
0.59	MCS	Marcus	Pair Corr
0.56	FOX	Fox Corp Class	Pair Corr
0.54	GCI	Gannett	Pair Corr
0.5	DUO	Fangdd Network Group	Pair Corr
0.47	GTN	Gray Television	Pair Corr
0.39	CTV	Innovid Corp Trending	Pair Corr
0.36	CNK	Cinemark Holdings	Pair Corr

Related Correlations Analysis

	ZD	CHR	HAO	ICLK	NEXN	ANTE	STCN	STFS	CDLX	TZUP
ZD		-0.29	-0.16	0.09	0.19	0.49	-0.22	0.13	0.21	-0.62	ZD
CHR	-0.29		-0.77	0.51	0.26	0.34	-0.61	-0.54	-0.03	0.46	CHR
HAO	-0.16	-0.77		-0.61	-0.5	-0.57	0.78	0.49	-0.07	-0.2	HAO
ICLK	0.09	0.51	-0.61		0.66	0.43	-0.44	-0.25	0.04	-0.14	ICLK
NEXN	0.19	0.26	-0.5	0.66		0.28	-0.32	-0.12	0.12	-0.21	NEXN
ANTE	0.49	0.34	-0.57	0.43	0.28		-0.53	-0.4	0.5	-0.19	ANTE
STCN	-0.22	-0.61	0.78	-0.44	-0.32	-0.53		0.48	-0.03	-0.06	STCN
STFS	0.13	-0.54	0.49	-0.25	-0.12	-0.4	0.48		-0.39	-0.51	STFS
CDLX	0.21	-0.03	-0.07	0.04	0.12	0.5	-0.03	-0.39		0.05	CDLX
TZUP	-0.62	0.46	-0.2	-0.14	-0.21	-0.19	-0.06	-0.51	0.05		TZUP
	ZD	CHR	HAO	ICLK	NEXN	ANTE	STCN	STFS	CDLX	TZUP

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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

STCN	+ 0.78	HAO
NEXN	+ 0.66	ICLK
ICLK	+ 0.51	CHR
CDLX	+ 0.5	ANTE
ANTE	+ 0.49	ZD
STFS	+ 0.49	HAO

High negative correlations

HAO	- 0.77	CHR
TZUP	- 0.62	ZD
ICLK	- 0.61	HAO
STCN	- 0.61	CHR
ANTE	- 0.57	HAO
STFS	- 0.54	CHR

Haoxi Health Constituents Risk-Adjusted Indicators

There is a big difference between Haoxi Etf performing well and Haoxi Health ETF 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 Haoxi Health'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
ZD	1.83	0.20	0.12	0.19	2.03	(1.98)	3.26	(3.72)	19.49
CHR	2.06	0.07	0.00	0.51	2.27	(2.43)	4.75	(3.82)	16.62
HAO	8.66	(2.55)	0.00	0.94	0.00	0.00	11.28	(20.51)	88.32
ICLK	2.53	0.35	0.10	1.73	2.51	(3.07)	5.96	(3.93)	14.59
NEXN	2.53	0.42	0.17	0.51	2.20	(3.29)	9.62	(4.74)	23.16
ANTE	6.73	0.88	0.12	1.06	6.22	(9.86)	21.15	(11.32)	43.57
STCN	2.21	(0.13)	0.00	(0.83)	0.00	0.00	4.41	(5.29)	16.18
STFS	4.38	0.48	0.05	0.89	7.96	(3.64)	8.50	(10.12)	36.16
CDLX	3.81	(0.29)	(0.01)	0.00	5.62	(3.82)	9.42	(7.63)	33.81
TZUP	3.75	(0.49)	0.00	(5.61)	0.00	0.00	7.35	(10.31)	42.52

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