Oriental Rise Correlations

ORIS Stock

7.28 0.54 8.01%

The current 90-days correlation between Oriental Rise Holdings and ServiceNow is -0.16 (i.e., Good diversification). The correlation of Oriental Rise 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.

Oriental Rise Correlation With Market

Significant diversification

The correlation between Oriental Rise Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oriental Rise 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 Oriental Rise 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 gross domestic product.

Moving against Oriental Stock

0.36	AMNF	Armanino Foods New Potential Growth	Pair Corr
0.33	RELV	Reliv International	Pair Corr
0.54	MO	Altria Group	Pair Corr
0.54	TR	Tootsie Roll Industries	Pair Corr
0.5	GO	Grocery Outlet Holding	Pair Corr
0.39	KR	Kroger Company Earnings Call This Week	Pair Corr
0.53	FIZZ	National Beverage Corp Earnings Call This Week	Pair Corr
0.35	CENTA	Central Garden Pet	Pair Corr
0.33	IMKTA	Ingles Markets	Pair Corr

Related Correlations Analysis

	NOW	DENN	WDC	DIN	SMIZF	NTGR	BJRI	WEN
NOW		0.35	0.41	0.6	0.69	0.9	0.75	0.53	NOW
DENN	0.35		0.43	0.53	0.34	0.45	0.44	0.47	DENN
WDC	0.41	0.43		0.36	0.53	0.45	0.59	0.58	WDC
DIN	0.6	0.53	0.36		0.46	0.58	0.62	0.29	DIN
SMIZF	0.69	0.34	0.53	0.46		0.76	0.8	0.71	SMIZF
NTGR	0.9	0.45	0.45	0.58	0.76		0.73	0.59	NTGR
BJRI	0.75	0.44	0.59	0.62	0.8	0.73		0.78	BJRI
WEN	0.53	0.47	0.58	0.29	0.71	0.59	0.78		WEN
	NOW	DENN	WDC	DIN	SMIZF	NTGR	BJRI	WEN

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Risk-Adjusted Indicators

There is a big difference between Oriental Stock performing well and Oriental Rise 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 Oriental Rise'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
NOW	1.40	0.22	0.16	0.31	1.26	(1.70)	3.04	(2.68)	8.12
DENN	2.58	(0.10)	(0.01)	0.05	3.78	(3.03)	6.40	(4.38)	26.32
WDC	1.75	0.04	0.05	0.14	1.76	(2.02)	4.61	(2.94)	11.83
DIN	2.61	(0.02)	0.04	0.11	2.83	(2.84)	4.71	(4.50)	19.97
SMIZF	0.48	0.15	0.00	1.44	0.00	0.00	0.00	0.00	17.60
NTGR	2.28	0.56	0.29	0.58	1.54	(2.97)	5.28	(3.74)	34.60
BJRI	2.03	0.10	0.07	0.18	2.23	(2.29)	4.59	(2.64)	13.19
WEN	1.45	0.05	0.03	0.16	1.79	(1.50)	3.34	(2.45)	10.31

Oriental Rise Corporate Executives

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

Wai Fong	CoFounder	Profile
Deming Zhou	CoFounder	Profile
Chun Wong	CoFounder	Profile

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