Samfine Creation Correlations

SFHG Stock

1.12 0.12 12.00%

The current 90-days correlation between Samfine Creation Holdings and ZW Data Action is 0.14 (i.e., Average diversification). The correlation of Samfine Creation 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.

Samfine Creation Correlation With Market

Average diversification

The correlation between Samfine Creation Holdings and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samfine Creation Holdings 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 Samfine Creation 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 rate.

Moving together with Samfine Stock

0.61	SST	System1	Pair Corr
0.62	SGRP	SPAR Group	Pair Corr
0.61	BW	Babcock Wilcox Enter	Pair Corr
0.63	CR	Crane Company	Pair Corr
0.77	IR	Ingersoll Rand Earnings Call Next Week	Pair Corr

Moving against Samfine Stock

0.75	B	Barnes Group	Pair Corr
0.71	TH	Target Hospitality Corp	Pair Corr
0.57	AP	Ampco Pittsburgh	Pair Corr
0.37	AZ	A2Z Smart Technologies	Pair Corr
0.82	BA	Boeing	Pair Corr
0.61	KC	Kingsoft Cloud Holdings Trending	Pair Corr

Related Correlations Analysis

	CNET	LUV	IAS	ATSG	RYAAY	TSQ	LTM	ELALF
CNET		-0.04	0.41	-0.39	0.12	0.13	-0.19	-0.47	CNET
LUV	-0.04		-0.52	0.54	-0.21	-0.06	0.01	0.35	LUV
IAS	0.41	-0.52		-0.42	0.3	0.62	-0.12	-0.75	IAS
ATSG	-0.39	0.54	-0.42		-0.01	-0.19	0.19	0.49	ATSG
RYAAY	0.12	-0.21	0.3	-0.01		0.15	0.66	-0.11	RYAAY
TSQ	0.13	-0.06	0.62	-0.19	0.15		0.06	-0.63	TSQ
LTM	-0.19	0.01	-0.12	0.19	0.66	0.06		0.21	LTM
ELALF	-0.47	0.35	-0.75	0.49	-0.11	-0.63	0.21		ELALF
	CNET	LUV	IAS	ATSG	RYAAY	TSQ	LTM	ELALF

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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

LTM	+ 0.66	RYAAY
TSQ	+ 0.62	IAS
ATSG	+ 0.54	LUV
ELALF	+ 0.49	ATSG
IAS	+ 0.41	CNET
ELALF	+ 0.35	LUV

High negative correlations

ELALF	- 0.75	IAS
ELALF	- 0.63	TSQ
IAS	- 0.52	LUV
ELALF	- 0.47	CNET
ATSG	- 0.42	IAS
ATSG	- 0.39	CNET

Risk-Adjusted Indicators

There is a big difference between Samfine Stock performing well and Samfine Creation 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 Samfine Creation'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
CNET	4.14	(0.03)	(0.01)	0.03	4.57	(5.28)	10.44	(7.34)	27.82
LUV	1.28	0.07	0.00	0.65	1.54	(1.29)	2.75	(2.30)	7.88
IAS	1.58	(0.17)	0.00	(0.17)	0.00	0.00	3.23	(4.02)	18.71
ATSG	0.94	0.44	1.05	0.89	0.00	(1.22)	1.14	(0.36)	27.79
RYAAY	1.58	0.05	0.01	0.19	1.75	(1.72)	4.29	(3.09)	8.97
TSQ	1.43	(0.18)	0.00	(0.22)	0.00	0.00	3.50	(3.12)	9.99
LTM	1.13	0.15	0.05	(5.48)	1.39	(1.17)	2.35	(2.41)	6.43
ELALF	0.77	0.33	0.00	5.33	0.00	0.00	0.89	0.00	16.81

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