Hop On Correlations
| HPNN Stock | USD 0.0008 0.00 0.00% |
The current 90-days correlation between Hop On Inc and Baylin Technologies is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hop On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hop On Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hop On Correlation With Market
Significant diversification
The correlation between Hop On Inc and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hop On Inc and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Hop On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hop On when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hop On - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hop On Inc to buy it.
Moving together with Hop Pink Sheet
| 0.66 | UI | Ubiquiti Networks | PairCorr |
| 0.66 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.66 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.81 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.67 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.64 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.7 | WMT | Walmart Aggressive Push | PairCorr |
Moving against Hop Pink Sheet
| 0.41 | NOKBF | Nokia | PairCorr |
| 0.39 | NOK | Nokia Corp ADR Aggressive Push | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.48 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.43 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.37 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Hop Pink Sheet performing well and Hop On 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 Hop On'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BYLTF | 2.32 | 1.34 | 0.00 | (0.73) | 0.00 | 0.00 | 72.70 | |||
| VIAV | 1.37 | 0.25 | 0.05 | (1.74) | 1.66 | 3.02 | 9.95 | |||
| SATX | 3.21 | 0.56 | 0.10 | (3.54) | 3.02 | 11.96 | 29.17 | |||
| ELST | 1.40 | (0.53) | 0.00 | (0.77) | 0.00 | 0.00 | 18.61 | |||
| LITE | 2.50 | 0.35 | 0.22 | 0.25 | 2.34 | 5.71 | 18.19 | |||
| NTGR | 2.29 | 0.55 | 0.29 | 0.57 | 1.53 | 5.28 | 34.93 | |||
| KVHI | 1.71 | 0.27 | 0.11 | 0.63 | 1.60 | 4.42 | 10.42 | |||
| TSAT | 3.87 | 0.38 | 0.09 | 0.50 | 4.25 | 9.00 | 23.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hop On without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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