Roma Green Correlations

ROMA Stock

0.68 0.02 3.03%

The current 90-days correlation between Roma Green Finance and Cumberland Pharmaceuticals is 0.14 (i.e., Average diversification). The correlation of Roma Green 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.

Roma Green Correlation With Market

Significant diversification

The correlation between Roma Green Finance and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roma Green Finance 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 Roma Green Finance. 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 Roma Stock

0.64	BV	BrightView Holdings	Pair Corr
0.82	NL	NL Industries	Pair Corr
0.91	WLDN	Willdan Group	Pair Corr
0.63	ADP	Automatic Data Processing	Pair Corr

Moving against Roma Stock

0.79	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.53	VCIG	VCI Global Limited	Pair Corr
0.88	FORR	Forrester Research	Pair Corr
0.81	WHLM	Wilhelmina	Pair Corr
0.54	EFX	Equifax	Pair Corr
0.47	ACU	Acme United	Pair Corr
0.36	EEFT	Euronet Worldwide	Pair Corr
0.83	WNS	WNS Holdings	Pair Corr
0.74	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.57	RTO	Rentokil Initial PLC	Pair Corr
0.49	SMX	SMX Public Limited	Pair Corr
0.41	LGCL	Lucas GC Limited	Pair Corr
0.33	ZONE	CleanCore Solutions	Pair Corr

Related Correlations Analysis

	LNSR	VMD	CPIX	SPHR	ZD	TFX	WB
LNSR		0.7	-0.7	-0.3	0.72	-0.92	0.07	LNSR
VMD	0.7		-0.52	-0.01	0.2	-0.61	0.44	VMD
CPIX	-0.7	-0.52		0.6	-0.56	0.77	-0.29	CPIX
SPHR	-0.3	-0.01	0.6		-0.51	0.38	0.15	SPHR
ZD	0.72	0.2	-0.56	-0.51		-0.69	-0.27	ZD
TFX	-0.92	-0.61	0.77	0.38	-0.69		-0.12	TFX
WB	0.07	0.44	-0.29	0.15	-0.27	-0.12		WB
	LNSR	VMD	CPIX	SPHR	ZD	TFX	WB

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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

TFX	+ 0.77	CPIX
ZD	+ 0.72	LNSR
VMD	+ 0.7	LNSR
SPHR	+ 0.6	CPIX
WB	+ 0.44	VMD
TFX	+ 0.38	SPHR

High negative correlations

TFX	- 0.92	LNSR
CPIX	- 0.7	LNSR
TFX	- 0.69	ZD
TFX	- 0.61	VMD
ZD	- 0.56	CPIX
CPIX	- 0.52	VMD

Risk-Adjusted Indicators

There is a big difference between Roma Stock performing well and Roma Green 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 Roma Green'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
LNSR	3.47	0.82	0.17	1.50	3.77	(3.94)	8.92	(5.53)	23.28
VMD	1.52	0.14	0.10	0.23	1.66	(1.66)	3.30	(2.76)	10.98
CPIX	1.79	(0.46)	0.00	(0.67)	0.00	0.00	3.51	(4.69)	10.64
SPHR	2.14	(0.41)	0.00	(0.19)	0.00	0.00	5.06	(4.40)	14.27
ZD	1.84	0.18	0.12	0.21	2.05	(1.99)	3.26	(3.72)	19.49
TFX	1.15	(0.42)	0.00	(0.39)	0.00	0.00	1.71	(1.92)	17.00
WB	2.75	0.24	0.04	1.05	3.16	(3.20)	7.48	(5.36)	23.98

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