Reborn Coffee Correlations

REBN Stock

USD 3.17 0.00 0.00%

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

Reborn Coffee Correlation With Market

Significant diversification

The correlation between Reborn Coffee and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Reborn Coffee 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 Reborn Coffee. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Reborn Stock, please use our How to Invest in Reborn Coffee guide.

Moving together with Reborn Stock

0.72

Li Auto

Pair Corr

Moving against Reborn Stock

0.56	DPZ	Dominos Pizza Common	Pair Corr
0.5	HD	Home Depot	Pair Corr
0.43	CMG	Chipotle Mexican Grill Earnings Call This Week	Pair Corr
0.34	SHAK	Shake Shack	Pair Corr
0.34	BROS	Dutch Bros	Pair Corr
0.32	YUMC	Yum China Holdings Earnings Call This Week	Pair Corr
0.31	EEIQ	Elite Education Group	Pair Corr
0.54	GNS	Genius Group	Pair Corr
0.44	ETSY	Etsy Inc	Pair Corr
0.42	BZH	Beazer Homes USA	Pair Corr
0.41	FND	Floor Decor Holdings	Pair Corr
0.34	HAYW	Hayward Holdings	Pair Corr
0.33	MHO	MI Homes	Pair Corr
0.33	UTI	Universal Technical Earnings Call This Week	Pair Corr
0.32	TPH	TRI Pointe Homes	Pair Corr

Related Correlations Analysis

	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY
CHSN		0.3	0.16	0.62	0.64	-0.02	0.0	0.67	-0.27	0.0	CHSN
THCH	0.3		-0.25	0.6	0.28	-0.24	0.55	0.33	-0.56	0.0	THCH
BDL	0.16	-0.25		-0.07	0.33	0.27	-0.49	0.39	0.16	0.0	BDL
KRUS	0.62	0.6	-0.07		0.49	-0.34	0.41	0.36	-0.17	0.0	KRUS
ALSSF	0.64	0.28	0.33	0.49		0.25	-0.22	0.69	-0.39	0.0	ALSSF
MARZF	-0.02	-0.24	0.27	-0.34	0.25		-0.55	0.32	-0.23	0.0	MARZF
DMPZF	0.0	0.55	-0.49	0.41	-0.22	-0.55		-0.28	0.02	0.0	DMPZF
BDVB	0.67	0.33	0.39	0.36	0.69	0.32	-0.28		-0.48	0.0	BDVB
JKHCF	-0.27	-0.56	0.16	-0.17	-0.39	-0.23	0.02	-0.48		0.0	JKHCF
MRTPY	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MRTPY
	CHSN	THCH	BDL	KRUS	ALSSF	MARZF	DMPZF	BDVB	JKHCF	MRTPY

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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

BDVB	+ 0.69	ALSSF
BDVB	+ 0.67	CHSN
ALSSF	+ 0.64	CHSN
KRUS	+ 0.62	CHSN
KRUS	+ 0.6	THCH
DMPZF	+ 0.55	THCH

High negative correlations

JKHCF	- 0.56	THCH
DMPZF	- 0.55	MARZF
DMPZF	- 0.49	BDL
JKHCF	- 0.48	BDVB
JKHCF	- 0.39	ALSSF
MARZF	- 0.34	KRUS

Risk-Adjusted Indicators

There is a big difference between Reborn Stock performing well and Reborn Coffee 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 Reborn Coffee'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
CHSN	8.36	(1.68)	0.00	0.58	0.00	0.00	16.17	(18.27)	112.76
THCH	3.45	(0.05)	0.00	(0.11)	0.00	0.00	7.06	(5.71)	32.58
BDL	0.89	(0.04)	0.00	(4.42)	0.00	0.00	2.03	(2.37)	5.12
KRUS	3.02	(0.23)	0.00	(0.21)	0.00	0.00	7.10	(6.91)	20.36
ALSSF	1.99	(0.24)	0.00	(4.59)	0.00	0.00	5.77	(5.17)	18.57
MARZF	0.27	(0.03)	0.00	(1.74)	0.00	0.00	0.00	0.00	8.93
DMPZF	0.07	(0.01)	0.00	(0.03)	0.00	0.00	0.00	0.00	4.34
BDVB	2.19	(0.29)	0.00	0.44	0.00	0.00	5.90	(8.06)	27.61
JKHCF	4.33	1.01	0.05	(1.63)	5.50	(18.72)	3.95	(11.39)	123.59
MRTPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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