Ohmyhome Limited Correlations

OMH Stock

0.38 0.01 2.70%

The current 90-days correlation between Ohmyhome Limited Ordinary and Medalist Diversified Reit is -0.01 (i.e., Good diversification). The correlation of Ohmyhome Limited 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.

Ohmyhome Limited Correlation With Market

Good diversification

The correlation between Ohmyhome Limited Ordinary and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ohmyhome Limited Ordinary and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ohmyhome Limited Ordinary. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Ohmyhome Stock

0.61

Belpointe PREP LLC

Pair Corr

Moving against Ohmyhome Stock

0.51	AHT-PD	Ashford Hospitality Trust	Pair Corr
0.42	DX	Dynex Capital	Pair Corr
0.41	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.4	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.39	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.33	FR	First Industrial Realty	Pair Corr
0.47	MITT-PC	AG Mortgage Investment Earnings Call This Week	Pair Corr
0.42	ACR	Acres Commercial Realty	Pair Corr
0.4	CDR-PC	Cedar Realty Trust Downward Rally	Pair Corr
0.32	WELL	Welltower	Pair Corr
0.31	CDR-PB	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	ICMB	MDRR	MSTSX	VIASP	RRTLX	70082LAB3	RWAYL	SEGI	BMBRF	SEIC
ICMB		0.07	-0.32	0.58	-0.02	0.36	0.44	-0.65	0.47	0.56	ICMB
MDRR	0.07		-0.59	0.42	-0.65	0.36	-0.34	-0.38	0.5	-0.05	MDRR
MSTSX	-0.32	-0.59		-0.85	0.83	-0.07	-0.01	0.79	-0.92	-0.11	MSTSX
VIASP	0.58	0.42	-0.85		-0.51	0.09	0.38	-0.91	0.93	0.36	VIASP
RRTLX	-0.02	-0.65	0.83	-0.51		-0.15	0.43	0.42	-0.63	0.31	RRTLX
70082LAB3	0.36	0.36	-0.07	0.09	-0.15		-0.23	-0.15	0.05	0.16	70082LAB3
RWAYL	0.44	-0.34	-0.01	0.38	0.43	-0.23		-0.38	0.2	0.35	RWAYL
SEGI	-0.65	-0.38	0.79	-0.91	0.42	-0.15	-0.38		-0.91	-0.46	SEGI
BMBRF	0.47	0.5	-0.92	0.93	-0.63	0.05	0.2	-0.91		0.27	BMBRF
SEIC	0.56	-0.05	-0.11	0.36	0.31	0.16	0.35	-0.46	0.27		SEIC
	ICMB	MDRR	MSTSX	VIASP	RRTLX	70082LAB3	RWAYL	SEGI	BMBRF	SEIC

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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

BMBRF	+ 0.93	VIASP
RRTLX	+ 0.83	MSTSX
SEGI	+ 0.79	MSTSX
VIASP	+ 0.58	ICMB
SEIC	+ 0.56	ICMB
BMBRF	+ 0.5	MDRR

High negative correlations

BMBRF	- 0.92	MSTSX
BMBRF	- 0.91	SEGI
SEGI	- 0.91	VIASP
VIASP	- 0.85	MSTSX
RRTLX	- 0.65	MDRR
SEGI	- 0.65	ICMB

Risk-Adjusted Indicators

There is a big difference between Ohmyhome Stock performing well and Ohmyhome Limited 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 Ohmyhome Limited'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
ICMB	0.83	0.14	0.12	(1.35)	0.83	(1.13)	1.95	(1.60)	8.09
MDRR	1.44	0.07	0.03	0.22	1.92	(1.57)	3.54	(3.40)	15.04
MSTSX	0.58	(0.08)	0.00	(0.18)	0.00	0.00	1.11	(1.20)	6.64
VIASP	0.66	0.18	0.22	1.05	0.56	(0.73)	1.22	(1.18)	5.04
RRTLX	0.26	(0.01)	(0.02)	(0.03)	0.37	(0.28)	0.50	(0.49)	1.87
70082LAB3	0.54	(0.01)	(0.01)	(0.07)	0.85	(0.58)	1.75	(1.19)	4.63
RWAYL	0.17	0.03	0.09	1.22	0.18	(0.20)	0.49	(0.36)	1.51
SEGI	9.40	(0.70)	0.00	(0.86)	0.00	0.00	20.00	(20.00)	67.50
BMBRF	2.06	1.05	0.00	10.79	0.00	0.00	0.00	0.00	68.94
SEIC	0.90	0.05	0.03	0.11	1.38	(0.86)	1.57	(1.69)	6.66

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