Sharing Services Correlations

SHRG Stock

USD 2.85 0.15 5.00%

The current 90-days correlation between Sharing Services Global and Steakholder Foods is 0.02 (i.e., Significant diversification). The correlation of Sharing Services 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.

Sharing Services Correlation With Market

Significant diversification

The correlation between Sharing Services Global and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sharing Services Global and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sharing Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sharing Services when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sharing Services - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sharing Services Global to buy it.

Moving together with Sharing Pink Sheet

0.8	K	Kellanova Earnings Call This Week	Pair Corr
0.61	EXCH	Exchange Bankshares	Pair Corr
0.81	GILT	Gilat Satellite Networks	Pair Corr
0.68	DAVA	Endava	Pair Corr
0.76	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr
0.72	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.89	MNPR	Monopar Therapeutics	Pair Corr

Moving against Sharing Pink Sheet

0.82	CHHE	China Health Industries	Pair Corr
0.64	GRBMF	Grupo Bimbo SAB	Pair Corr
0.63	GIS	General Mills	Pair Corr
0.58	KHC	Kraft Heinz	Pair Corr
0.58	BMBOY	Grupo Bimbo SAB	Pair Corr
0.54	CIADY	China Mengniu Dairy	Pair Corr
0.48	IMHC	Imperalis Holding Corp	Pair Corr
0.46	NSRGF	Nestle SA	Pair Corr
0.37	TPDDF	Talon Energy	Pair Corr
0.32	ORCL	Oracle	Pair Corr

Related Correlations Analysis

	MYLKF	BABYF	STKH	LSF	CNVCF	ARZTY	JVA	BRID	WEST	JBSS
MYLKF		0.39	-0.17	-0.23	-0.2	0.09	-0.06	0.04	-0.06	-0.06	MYLKF
BABYF	0.39		0.7	-0.02	-0.72	0.14	-0.69	-0.7	0.23	-0.04	BABYF
STKH	-0.17	0.7		0.22	-0.63	0.11	-0.72	-0.92	0.37	-0.01	STKH
LSF	-0.23	-0.02	0.22		0.31	-0.15	0.19	-0.31	0.69	-0.21	LSF
CNVCF	-0.2	-0.72	-0.63	0.31		-0.56	0.68	0.52	0.0	-0.15	CNVCF
ARZTY	0.09	0.14	0.11	-0.15	-0.56		-0.1	0.03	-0.01	0.22	ARZTY
JVA	-0.06	-0.69	-0.72	0.19	0.68	-0.1		0.71	0.05	0.18	JVA
BRID	0.04	-0.7	-0.92	-0.31	0.52	0.03	0.71		-0.49	0.17	BRID
WEST	-0.06	0.23	0.37	0.69	0.0	-0.01	0.05	-0.49		-0.1	WEST
JBSS	-0.06	-0.04	-0.01	-0.21	-0.15	0.22	0.18	0.17	-0.1		JBSS
	MYLKF	BABYF	STKH	LSF	CNVCF	ARZTY	JVA	BRID	WEST	JBSS

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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

BRID	+ 0.71	JVA
STKH	+ 0.7	BABYF
WEST	+ 0.69	LSF
JVA	+ 0.68	CNVCF
BRID	+ 0.52	CNVCF
BABYF	+ 0.39	MYLKF

High negative correlations

BRID	- 0.92	STKH
JVA	- 0.72	STKH
CNVCF	- 0.72	BABYF
BRID	- 0.7	BABYF
JVA	- 0.69	BABYF
CNVCF	- 0.63	STKH

Risk-Adjusted Indicators

There is a big difference between Sharing Pink Sheet performing well and Sharing Services 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 Sharing Services' 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
MYLKF	119.38	57.46	0.83	1.55	21.16	(487.50)	100.00	(66.67)	2,400
BABYF	9.88	0.31	0.05	0.15	11.07	(16.32)	30.77	(16.67)	121.43
STKH	2.94	(1.01)	0.00	(0.90)	0.00	0.00	5.26	(5.88)	22.75
LSF	3.97	0.19	0.04	0.30	4.60	(4.25)	8.59	(7.79)	32.02
CNVCF	1.78	0.14	0.02	(1.08)	2.03	(2.23)	3.70	(4.19)	19.23
ARZTY	0.98	0.13	0.00	1.37	0.00	0.00	3.75	0.00	19.58
JVA	3.51	0.32	0.10	0.41	3.21	(4.72)	9.25	(4.81)	24.81
BRID	1.51	0.26	0.10	3.18	1.52	(1.82)	4.07	(2.70)	10.57
WEST	2.79	0.03	0.01	0.12	3.75	(2.76)	5.92	(7.10)	15.39
JBSS	1.43	(0.27)	0.00	(2.12)	0.00	0.00	2.46	(2.78)	10.93

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Our tools can tell you how much better you can do entering a position in Sharing Services without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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