SAIHEAT Correlations

SAIH Stock

0.95 0.04 4.04%

The current 90-days correlation between SAIHEAT Limited and Raymond James Financial is -0.01 (i.e., Good diversification). The correlation of SAIHEAT 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.

SAIHEAT Correlation With Market

Average diversification

The correlation between SAIHEAT Limited and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAIHEAT Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SAIHEAT Limited. 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 together with SAIHEAT Stock

0.67	FI	Fiserv,	Pair Corr
0.7	DMRC	Digimarc	Pair Corr
0.62	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.7	EXLS	ExlService Holdings	Pair Corr
0.67	UIS	Unisys	Pair Corr
0.68	WIT	Wipro Limited ADR	Pair Corr
0.76	GDYN	Grid Dynamics Holdings	Pair Corr
0.71	GLOB	Globant SA	Pair Corr
0.74	LDOS	Leidos Holdings	Pair Corr

Moving against SAIHEAT Stock

0.35	VEEA	Veea Inc Symbol Change	Pair Corr
0.64	XRX	Xerox Corp	Pair Corr
0.47	GIB	CGI Inc	Pair Corr
0.43	JFU	9F Inc Tech Boost	Pair Corr
0.67	NOTE	FiscalNote Holdings	Pair Corr
0.65	NTRP	NextTrip Symbol Change	Pair Corr
0.57	INFY	Infosys Ltd ADR	Pair Corr
0.5	NABL	N Able Inc	Pair Corr

Related Correlations Analysis

	RJF-PB	SCHW-PJ	SCHW-PD	HLI	FUTU	MFH	MRX	OPY	RJF	SRL
RJF-PB		0.09	0.42	0.61	0.65	0.44	0.34	0.31	0.58	-0.22	RJF-PB
SCHW-PJ	0.09		0.05	-0.5	0.04	-0.58	-0.74	-0.73	-0.62	0.35	SCHW-PJ
SCHW-PD	0.42	0.05		0.52	-0.02	0.34	0.46	0.39	0.43	-0.48	SCHW-PD
HLI	0.61	-0.5	0.52		0.45	0.69	0.87	0.77	0.96	-0.28	HLI
FUTU	0.65	0.04	-0.02	0.45		0.14	0.24	0.12	0.41	0.31	FUTU
MFH	0.44	-0.58	0.34	0.69	0.14		0.68	0.56	0.66	-0.53	MFH
MRX	0.34	-0.74	0.46	0.87	0.24	0.68		0.87	0.89	-0.41	MRX
OPY	0.31	-0.73	0.39	0.77	0.12	0.56	0.87		0.85	-0.44	OPY
RJF	0.58	-0.62	0.43	0.96	0.41	0.66	0.89	0.85		-0.32	RJF
SRL	-0.22	0.35	-0.48	-0.28	0.31	-0.53	-0.41	-0.44	-0.32		SRL
	RJF-PB	SCHW-PJ	SCHW-PD	HLI	FUTU	MFH	MRX	OPY	RJF	SRL

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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

RJF	+ 0.96	HLI
RJF	+ 0.89	MRX
MRX	+ 0.87	HLI
OPY	+ 0.87	MRX
RJF	+ 0.85	OPY
OPY	+ 0.77	HLI

High negative correlations

MRX	- 0.74	SCHW-PJ
OPY	- 0.73	SCHW-PJ
RJF	- 0.62	SCHW-PJ
MFH	- 0.58	SCHW-PJ
SRL	- 0.53	MFH
HLI	- 0.5	SCHW-PJ

Risk-Adjusted Indicators

There is a big difference between SAIHEAT Stock performing well and SAIHEAT 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 SAIHEAT'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
RJF-PB	0.10	0.02	(0.71)	(1.11)	0.00	(0.12)	0.28	(0.20)	0.72
SCHW-PJ	0.57	(0.05)	0.00	(0.19)	0.00	0.00	1.17	(1.15)	3.25
SCHW-PD	0.24	0.01	(0.37)	0.55	0.19	(0.28)	0.52	(0.44)	1.44
HLI	1.23	0.13	0.14	0.20	1.03	(1.33)	2.31	(2.04)	12.41
FUTU	4.03	0.52	0.10	0.77	4.57	(4.50)	11.64	(8.72)	27.02
MFH	9.07	2.93	0.37	0.79	6.95	(12.80)	26.81	(9.35)	115.89
MRX	1.30	0.27	0.11	0.86	1.53	(1.44)	3.03	(2.47)	8.99
OPY	1.25	0.12	0.09	0.25	0.97	(1.51)	2.58	(2.06)	13.50
RJF	1.20	0.39	0.35	0.41	0.69	(1.48)	2.53	(2.02)	12.50
SRL	1.82	(0.11)	0.00	(0.21)	0.00	0.00	3.76	(4.18)	15.25

SAIHEAT Corporate Executives

Elected by the shareholders, the SAIHEAT's board of directors comprises two types of representatives: SAIHEAT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAIHEAT. The board's role is to monitor SAIHEAT's management team and ensure that shareholders' interests are well served. SAIHEAT'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, SAIHEAT's outside directors are responsible for providing unbiased perspectives on the board's policies.

Risheng Li	CFO, Founder	Profile
Tao Wu	COO ULTIAAS	Profile
Minghui Sun	CTO ULTIAAS	Profile

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