Onfolio Holdings Correlations

ONFO Stock

USD 1.35 0.10 6.90%

The current 90-days correlation between Onfolio Holdings and Asset Entities Class is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Onfolio Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Onfolio Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Onfolio Holdings Correlation With Market

Average diversification

The correlation between Onfolio Holdings and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Onfolio Holdings 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 Onfolio Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

To learn how to invest in Onfolio Stock, please use our How to Invest in Onfolio Holdings guide.

Moving together with Onfolio Stock

0.66

FVRR

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Pair Corr

Moving against Onfolio Stock

0.7	CCG	Cheche Group Class	Pair Corr
0.46	SLE	Super League Enterprise	Pair Corr
0.36	EVER	EverQuote Class A	Pair Corr
0.55	SEATW	Vivid Seats Warrant	Pair Corr
0.34	MATH	Metalpha Technology	Pair Corr
0.58	NRDS	Nerdwallet	Pair Corr
0.51	SEAT	Vivid Seats	Pair Corr

Related Correlations Analysis

	LTRPB	SEAT	EVER	ASST	ZH	IZEA	MAX	GROM	LIZI	STBX
LTRPB		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	LTRPB
SEAT	0.0		0.42	0.36	-0.22	-0.3	-0.16	0.0	0.0	-0.48	SEAT
EVER	0.0	0.42		0.21	0.27	0.35	0.54	0.0	0.0	-0.66	EVER
ASST	0.0	0.36	0.21		-0.15	0.19	0.05	0.0	0.0	-0.5	ASST
ZH	0.0	-0.22	0.27	-0.15		0.13	0.38	0.0	0.0	-0.23	ZH
IZEA	0.0	-0.3	0.35	0.19	0.13		0.68	0.0	0.0	-0.14	IZEA
MAX	0.0	-0.16	0.54	0.05	0.38	0.68		0.0	0.0	-0.3	MAX
GROM	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	GROM
LIZI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	LIZI
STBX	0.0	-0.48	-0.66	-0.5	-0.23	-0.14	-0.3	0.0	0.0		STBX
	LTRPB	SEAT	EVER	ASST	ZH	IZEA	MAX	GROM	LIZI	STBX

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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

MAX	+ 0.68	IZEA
MAX	+ 0.54	EVER
EVER	+ 0.42	SEAT
MAX	+ 0.38	ZH
ASST	+ 0.36	SEAT
IZEA	+ 0.35	EVER

High negative correlations

STBX	- 0.66	EVER
STBX	- 0.5	ASST
STBX	- 0.48	SEAT
STBX	- 0.3	MAX
IZEA	- 0.3	SEAT
STBX	- 0.23	ZH

Risk-Adjusted Indicators

There is a big difference between Onfolio Stock performing well and Onfolio Holdings 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 Onfolio Holdings' 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
LTRPB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEAT	2.89	0.36	0.13	(0.39)	2.67	(3.78)	6.67	(4.33)	24.10
EVER	2.53	0.31	0.13	0.26	2.23	(3.18)	7.67	(3.77)	21.83
ASST	11.08	0.89	0.08	0.22	9.81	(18.31)	43.64	(18.84)	125.77
ZH	2.85	0.77	0.32	3.67	1.99	(3.87)	10.84	(3.19)	20.39
IZEA	2.61	(0.04)	0.00	(0.04)	0.00	0.00	5.70	(5.64)	16.23
MAX	2.41	0.12	0.03	0.38	3.29	(2.34)	5.28	(5.09)	15.14
GROM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIZI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STBX	7.56	(2.04)	0.00	1.06	0.00	0.00	15.03	(18.18)	79.13

Onfolio Holdings Corporate Executives

Elected by the shareholders, the Onfolio Holdings' board of directors comprises two types of representatives: Onfolio Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Onfolio. The board's role is to monitor Onfolio Holdings' management team and ensure that shareholders' interests are well served. Onfolio Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Onfolio Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Joel Sacks

Founder

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